The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1870-03-28
Savannah Market.

SAVANNAH March o+-CoTTON-At the close
or our last review the market assumed an up
ward tendency, and continued to advance during
the early part OF the week. On the 22d there was
decline of &c, and the decline has been grauual,
the market Ut the close OF The week oeliS vSry 1y
irregular with but a moderate demand Ihe
stock on hand at the close Of the market ycSter-
day was 53003 bales upland and 4SOs bales sea
island-frOm the former figures 2OO bales anu
from the latter 800 bales must bc deducted, being
the amount burned on the 9th inst. our STOCK on
hand, 1t will be seen, has been increased IN sea
island 3o33 bales, and reduced by the same figures
in the upland classification, as see note 10 our
tabular statement. The receipts at all the ports
foot up 2,254,274 bales; the STOCK on hand at an
ports TO latest dates reach 4S2,5H bales against
3sI ,lT9 bales the same time last year.
The following resume Of our daily market VIII
indicate its tone for the week:
March ls-The market showed more nrmMesS ln,.iNsi
with an advance OF &c. The inquiry was princl-
paly for the better grades, and holders were nrm
at the following quotations. sales $50 bales;
middlings 22nc.
were firm at the following quotations.; sales $50
bales; strict middliug 23c.
March 2l.-In consequence or the 1rm views OF
holders and the unwilngness OF buy ers 10 pay lhe
prices asked the market ruled quiet, with sales OF
l5O bales, based OH the following quotations:
Liverpool middlings 2224a23c.
March 22-The inquiry was limited, and the
market very quiet with prices tending downward.
Sales 200 bales. Niddling 22Kc.
March 23.-The market opened quiet at our quo
tations OF Yesterday, and some buyers operated
during the morning on basis OF 2l1Ic FOR Liver
poo middllng. Later advces caused yielding
on their part, and sales were affected at ~ de.
cline On these quotations the market closed
irregular. Sales 800 bales. Middling 2lc.
March 24.-The market was very Irregular Win
but moderate demand. Sales 6oO bales. Mid
SEA IsLASps.-The inquiry has been more ger
eral the past week than at any time during the
season, although sellers were in measure CON-
PEELED to Yell 10 the views OF buyers before any
Mains commonly called cart cotton) %: common
Georgia anil flordas 2Sa34; medium tiorldas S6a
80; good FlOridas 40a42; medium nne florluaS 43a
so: line Floritt.s 52a55c.
REcETrTS.-The receipts at this port for the past
week have been 6O36 bales upland and SS bales sea
island, from the following sources: Central Rall.
road 3S49 bales upland; Atlantic and Gull Railroad
7l5 bales upland; Savannah River steamers 1896
bales uplamd Florida steamers 13 bales sea island:
Hawkinsville l4O bales upland; coasters Is bales
sea island.
EXPORTs.-The exports for the week have been
s140 bales upland and 63l bales sea island, as fol
lows To Great Britain 5l12 bales upland and 134
bales sea island; to other foreign ports 1885, coast
wise Ills bales upands and 497 bales sea Island.
FINANCIAL.-Sight exchange buying at par to
premium; selling at ka3S premium; sterling
exchange 12o. Money IS obtainable on good
long dates prime paper is 10 20. Securities CON
tinue rrm but sluggish, and are marked BY light
offerings Of all farOrite stocks. Orders for old
City Savannah bonds and mortgage bonds oil At
lRntic and Gulf and Macon and Brunswick Rail
roads, In large sums, have been received. Gtd
anxiously the funding bill pending before Con-
gress, fearing It may cause new financial fiuc ua-
lions. Few seem 10 have any clear idea OF what
its eject Is likely 10 be.