The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-07-23
New York Cotton Market.

NEW YORK, July IL.
The Financial Chronicle says: The market dur
ing the past week has undergone another lmpor.
tant reduc Ion 10 values, both for cotton on the
spot and for u'ure delivery. The most marked
decline has been on the spot and for August and
September delivery; for the later months prices
resisted strongly the downward tendency aud It
was not till within the past day or Two that any
considerable decline was noted. Compared with
last Friday, the change has been about as follows:
On spot 2hc, for July 2Hc for August 2'ic, for
ber &c, and for December &c. The cause OF the
depression Is the accumulation OF stocks at this
anu the leading EuroDean markets, while there
has been Increased dullness at Liverpool, and
very limited demand here, developing among
holders an inclination 10 rea lie. FOR the next
crop the comparative steadiJess may be attribu-
ted TO reports Of injury TO the growing cropb ex;
Of the week I Is the revival Of the sales for
export during the past three days. The prices for
futures last reported, were (oasls Of low mid.
dltng) 2lc for August 2o%c for September, 1870
for October, lsxc for November, and lsc for De.
cember. The toral sales OF this description for
The week are III, $50 bales. For Immediate dellv.
cry the total sales OF the week 9754 bales includ.
Ing S9S7 for export. 5762 for consumption, 66 for
speculation. and none IN transit.
COTTON REVIEW Tho New York Daily Bulle-
tin, OF saturday, July 20, says: At the close OF
the cotton week eudng Friday, July IL, the "bulr'
Interest had gained decided advantage, from
the unfavorabIe press and private advces regard
tive to the destruction Of plants BY the rain and
the ravages Of the 'boll.worm" were shown by
subsequent adylces from more authentic sources
to have been greatly exaggerated. The "boll.
worm'' may have appeared In some sections, but
as yet its depredai0ns have not been serious, and
the caterpillar turns ont to have been the species
Of Insect known as the grass caterpillar" which
does little. II any, damage to the cotton plant.
Rain has fallen more or less coplously over al
most the entire cotton belt, but In only one or
Two districts has it been 30 severe as to do seri
Gus damage TO the crop. These facts becoming
known early In the week ended last evening had
depressing eject upon our market for spot ana
futures, aud the course uf the market ha' been
steadily downward with the exception OF one
day. the market opened on Saturday last and
with liberal transactions went OF Nc on Spots
This was followed BY further decline OF 10 on
Monday. Tuesday was steadler IN consequence
Of less favorable reports from the South, and no
change occurred In quotations. Contradictory
dispatches were received on Wednesday, how.
ever, and the market declined ac that day, and
&c again on Thursday. Yesterday there was q
cuntlnuel weakness, with further decline OF hc
on al grades, the market closing nominal. The
export movement has been light, Liverpool re-
spending to our crop prospects BY decline, and
keeping margins pretty We'll GOWN.
The nuctuatl ns are shown by the following
comparison OF the average closing prices OF Spots
and futures on the dates given, on basis OF low
middllnQ: