The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-05-25
Domestic News.

unless supplied With arms wherewith to
defend themselves against Indians. They
threaten to seize trains and come East
ward.
Adyices from the Red River country
report an Indian outbreak imminent.
WEST PotNT, May 22.-Thirty soldiers
Of the Sapper Corps deserted on account
of alleged harsh treatment. The Co.
yernment has offered fifty dollars each
f0r their capture. A large number Of
the poorer citizens of West Point have
joined the soldiers in pursuit.
PHILADELPHIA, May 22.-The spirit of
the General Assembly of the Presbyte-
rian Church, in session in Philadelphia,
IN reference to organic union with the
Southern Presbyterian Church, is most
favorable, and of cordial character, as
was evident when resolutions were intro
duced, and made still more manifest by
utterances of prominent ministers. The
sentiment seems to be unanimous. It
was particularly noticeable in eloquent
passages of DIR. McCosh's discourse to-
day, IN Assembly Church. He said dele
gates will be sent to the General Assem-
bly, sitting in Louisville, to convey the
salutation of the Assembly here, and
present resolutions that were unanimous.
~ adopted. The delegates who will be
sent are spoken OF as men Of great libe-
rality of sentiment, and notwithstand-
ing they have been prominent men in
Northern Assemblies, will still fnith.
fully represent the earnest desire of the
Assembly for reunion.
NEW YORK, May 23.-The cotton
movement for the past week is larger,
both in receipts and exports; receipts at
all points, 44,055 bales, against 38, 2S6
last week, 57,936 previous week, and
6O,564 three weeks since; receipts at oil
ports for the expired portion Of cotton
year, 2.719, ,023, against 1920, OPS for
the corresponding period last year,
showing m increase of 69S,771 bales;
exports from all ports 45,7S7, against
5l,24O last week and 41,G26 for same
week last year. Total exports of unex-
pired portion of the year is estimated Of
1884, 933, against 1, 1913, 952 for the cor
respoding period last year. Receipts
for the past week exceed tho previous
week 5, 900, but exports fall off in cor
responding degree; receipts ut the ports
IN immediate future will depend some
what on the prospects Of the growing
. plant. Ii the crop promises we'll, plant
ors will market the balance of the crop
rapidly; but should the new crop meet
serious drawbacks, and there are already
complaints from some sections, planters
will hold cotton for better prices. The
bulk OF cotton has been marketed, and
the season is drawing rapidly to a close.
Bankers have advanced tho rates of
sterling, in consequence of the falling
OF IN exports, to within fraction of the
specie shipping point for gold coin.
Already Canada coin has gone forward,
and on Saturday the steamer Danan took
S35O,OOO in gold bars. This shows an
important bearing of tho cotton trade on
foreign exchange, and is likely to be fur
ther illustrated in the Immediate future.
governments are relatively higher here
than IN Europe, and railroad securities
have received severe blow on the other
side; this leaves the country the alterna-
tive OF shipping of other produce than
cotton to till the gap, or to ship gold.
AS an instance OF the dullness of exports,
some European steamers have gone out
with stone ballast, owing to tho small
amount of freight and low rates. Stock
of cotton ct all the ports BIT, $40, against
322. 1893 last week, and 1873, ,8l6 this week
last year. Stock in interior towns is
5000, against G3,7 715 last week, and
31,572 this week last year. Stock in
Liverpool 800, against 3S3, 900 last
year Stock of American cotton aflUat for
Liverpool was $4,000, against 1874, 900
last year. Stock of India cotton afoat
for Europe 1877, 1000, against AIS, 900 last
year. Regarding the new crop, advices
are generally favorable, though some
complaints of cold and unfavorable wca-
ther. Estimates of the new crop were
somewhat decreased during the week
HAMILTON, May 24.--The Ontario
train of Pullman cars, with the Boston
Board OF Trade, passed to.day, ut the
rate OF hfty miles an hour. Tie Trans.
Contine"tal, a morning newspaper, is
published On the train. e aasas5Esz;
ST.. LOUIS, May 24.-There las becn
O lightning storm in this vicinity. As
far as heard, three persons have been
killed.
MEMPHIS, May pa report, declar
ing the action of Mr.. Smithson, Treo
surer OF the Foreign Board, for invest
ing funds in Erie stock during n will
Wall street speculation, elected lone
debate. No action.
LOUISVILLE, May 24.--Huntsville
Ala. has been chosen rs the next plac,
OF meeting of the General Conference
Delegates from the Associate Reformed
II .xnI. u