The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-03-07
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cotton, Yesterday, "a bales-middling
l2A@13c.R & e gSJ"4llF - 2.
NEW YoaK. March 5.-The cotton!
movement for the week shows q ooE-
t!nued falling off in receipts, although
the total Ia very large and indicates a
crop greater in extent than, the general
estimates. In contradistinotion to de.
crease IN receipts this week, q very large
increase Iii the exports, aud total ship
ments to Great Britain and continent
are the largest for any r"eek this season.
There Is great accurl dlation of cotton
at seaports and interior towns Not
withstanding the enormous increase in
the exports over last year, it has COM
pietely demoralized trade and caused u
marked depression in all quarters; the
decline in the price of cotton for the
week, on the value of total Drop, repre-.
sents shrinkage of about $12, 1000, 900.
Inc great difficulty with the cotton trade
is, that spectators have been over-trad-
ing on the advent of peace in Europe,
and hence when peace is declared the
market takes sudden plunge downward,
instead OF advancing. In the cotton
trade, the great bulk of speculators we're
fortified against peace by having large
amonnt OF Gotten OF band, and as soon
ss peace came, some of them began to
realize, which was the commencement of
the present depressed condition of
affairs. In plain terms, there was too
much company on the bull side of the
market. Receipts at all ports for the
week l26. 935 bales, against 136, 661 past
week, 141, 1867 previous week. l6l .OO6
three weeks since; total receipts since
September, 2,917,G1G, against 2, 180, ,513
on the corresponding period the previous
year. Exports from all ports for the
week 141, ,97S. against 81, 522 for tie
same week last year; total exports for
the expired portion OF the year !, ,S4S, SOC,
against 2,22S.541 same time last year.
Stock at all ports 659.7OS, against $685.
lo4 last year. Stock Mt interior towns
23, 2o5, against 101 1884 last year. Stock
OF cotton IN Liverpool 964, 900, against
292, 600 last year. Amount of American
cotton aficat for Great Britain 294OO0,
against $4,000 last year. Amount
Indian cotton afoat for Europe G59, ,7OS,
against 56S, 7G4 last year At the South
considerable rain fell during tho week,
but this has not had any effect on the
movement of cotton.
FRASKFoRT. March 6.-Bonds closed
at 971s.
LONDON. March G-Noon. n.-Consols
ola4. Bonds 9224.
LIVERPOOL, March 6-Noon. Cotton
flat and rregnlar-nplands IA; Orleans
7ia. Cotton afiont easier. Bombay
shipments for three weeks to March (.
10000.
LONDON, March -Evening.-Conso
9135. Bonds 90.
lIvERpooL. March 6-Evening.
ton dull and tending down-uplands
barely u; Orleans TX; sales $4,000
bales; speculation and export 1000.
Sales afoat from and loading at Mobile
Z 1-16 for middling.
NEW YORK, March G-Noou.-Flour
30DlOc. better. Wheat tirmer and quiet.
Corn held higher. Pork quiet, ut 21.75.
Lard dnll-steam 127s@l3. Cotton un-
1875; Orleans 15l6;
sales 7,COO balcs-nearly all Saturday
evening: Freights dull. Governments
steady, but not very active. Stocks ac-
tive, but not much change since Satur-
day. Money 4. Gold steady, Mt IL.
exchange long 9'c; short 10la.
II. M.-Money nctiver among brok-
ers, ut 4(95. Sterling quiet, at $50
o/a' Nou 1O/8(0l1. governments
quiet and steady; G2s 1925. Southerns
dul! at the close; Tennessees 81. yir-
glnlas 65; new 63. Louisianas SO; new
62; levees 73GS5. Alabamas LOO; IS
G7. Georgias S2h!; Is 90. North Caro-
linas 48; new 27. South Carolinas IL;
new COZ. Cotton irregular and heavy,
with sales of $500 bales. at 1424. Flonr
Southern firm; common to fair extra
Z. lO97.7O; good to choice 7.75@9.Oo.
Whiskey 92@921a. Wheat frmer-
winter red 2G5. Corn 1(A2c better
Southern and yellow 8S(09O. Rice
quiet, at S11a@974. Pork steady, at 81. rs.
quiet.
BALTIMORE, March 6.-Flour quiet
and firm. Whent unchanged. Corn
active-white Southern 84(GS7; yellow
Sl(G92. Pork quiet, at 2250. Ducon-I
shoulders 9:ai(0l0. Whiskey o. Mid
ding cotton l44@l42l; receipts 1,17O
bales; sales 325; stock i4,79O.
LOUISVILLE, March G.-Corn-sacke,l
and shclled GS. Provisions firmcr.
Mess por 2l.57. Bacon steady-sh onl-
ders 8; clear rib III; clear sides 1la,.
I mrI-finr 1OLO1Ol/. E,oo 1o[S1oII