Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-04-02
on 'Chazso-Bu.lsss News.

There was some business done on Change yes
trday, the principal items being sales Of bacon, amount
lug to lCteJ1 pounds, at from . 70 26 cents We are
without New Orleans exchanges Of Monday. but the
market report there is Of little interest now that the
Provost Narshals have interrupted the ordinary course
of business by presenting prices beyond which merchan-
disc cannot be sold, q policy that will if persisted in,
only increase the evil it was intended to mitigate,
We note The following very interesting extracts from
the " Annual Trade Circular Of the Liverpool Cotton
Market for 1851:
The total import of the past year Of all kinds amounts
10 3,OS6,930 bales against 3,366,6s6 bsles in lS60-being a
falling of in the year Of 1896 bales.
The export Of cotton from this country to the continent
has this year been very large, and shows an increase
over that of last year. There has been also a consid.
cradle amount Of cotton exported 70 the Northern States
of America
The stock Of cotton actually on hand in this port, as
officially made up to-day, Is 622,560 bales, consisting Of
2T93lO American, 1890 Egyptian, u $50 Brazil, $40 West
India, etc. aud 3O6,l40 East India, which, compared with
the previous estimates, show All increase, TL,oOO in Amer
lean, 30 in Brazil, and 2l,4J0 in SUrats, and a decrease
Of $500 in Egyptian, aud 40 In West Matchmaking a
total increase OF S9, 100 bales.
With our previously reduced stock this addition must
be a matter Of eOngratulation TO all, inasmuch as it viii
tend still further 10 avert the possibility OF a cotton
famine, and enable Us TO wait for a longer period the
chance Of a supply being obtained from the southern
ports Of Amerca. The reported purchases this year on
speculation amount to l,242440 bales, the largest amount
ever known The stock held IN London Is I22oO baies,
consisting Of 20 American, 2,lG0 East India, aud lao
West IHfFR The stock in Glasgow and other ports is
1910, e0nssting Of 1900 american, 100 Egyptian, and
4I9 hsst India; these, added to the stock held in this
port, viz 622,560 bales, make a TRIAL on had this day OF
TOP $50 bales, which. added 10 the estimated amount in
the hands Of spinners, about $4,000 bales, will give about
seventeen weeks supply, al the average consumption Of
the past year.
1ne totaI amount consumed in Great Britain shows a
decrease, this year, as compared with last Of lui4ll
bales, being only 2,39l,20 bales, or 1886 bales per
week. against 2,50a ,7Ol bales, or bales per week, in 1860.
This reduced consumption the circular attributes to
u4ha abort xufn1v raeeivea from America. and the COM
parativsly dear prices which, throughout the year, spin
ners have had to pay, leading them gradually to dimin-
ish their working hours and finally inducing many OF
them to cease running
The stock on hand to-day in Liverpool il 279,3l0 Amer
can, and a total of all kinds of632,36O bales against 5s3
| lS0 bales American, and a total OF an Kinds OF S4J,otU
bales. The stock now held by spinners is estimated at
| ony 5000 bales, or fully 10000 below the amount held
At the same period last year, whilst there Is no American
! cotton a. sea on its wav here, and but $1,000 bales from
East Indies to arrive the next two montes So far,
no cotton OF the last crop has reached the shipping ports
/ obtainable for consumption. Nor does there appear TO be
any probability that any viii be SO received here, until
the blockade Of the southern ports is either raised, or
forced by this country or by France.
Last year the excess Of supply caused by ne
yield Of the American crop of 1880, amounting
TO the unprecedented figure Of 4,6T0,Ie bales enabled
! spinners for m6ny months to supply themselves at a com
parauvely low scale Of prices, while the losses by mer-
chants and importers were serious. This year, the great
increase in the spinning and manufacturing power OF the
! country, which the good trade and large profits realized
/ in 1855, 1859 and 1860, brought into plsy-an American
1 croD lOlA6S4 bales less than the previous one-Jne com
Plete stoppage Of all shipments from TIE United states
1 since July by the blockade Of the southern cotton ports,
and the fears entertained as 70 our future supply-haye
all combined 10 advance prices, especially during the
] latter part Of the wear, with a Ta9idity, and 10 az extent,
not experienced fo- over twenty-five years Last year,
although the inf riOr qualities of American were at one
period sold equally as low ST middling were quoted at
| 81. per pound the lowest quotation for middling Orleans
was cd. per pound, while the highest quotation for the
same during The year was Sd per pound.
This year the lowest quotations middling Orleans was
cd. per pound, viz: On the 2d February and the Slst
March, while the highest quotation for the same has been
! I'D per pound, At which price II Is this day quoted
/ Last wear tie extreme huctustioD was but ID per pound
IN the midding qualities Of American; this year il has
4 been motabIv sd. per pound, whilst the deterioration
in Considerations compared with that when the stock was
greater. and consisted of alarger proportion OF the bet
l ter qualities, makes a further difference Of I'd 70 Id per
pound as many lots OF the low and better qualities Of
the American u e now realizing an advance Of Cd. per
| pound upon previous valuations.
This important advance has not been established with
/ ont inhictinz a corresponding injury upon the spinning
and manufacturing interests of the country, for the d.
minished supply, and consequent dear price Of the raw
material, coming at a period when the mill power az
work was producing considerably more yarn and cloth
| than the markets Of the world could take of, has
caused such an accumulation of stocks in the hands Of
spirnersI Inanfseturers and merchants at Manchester, as
to prevent anything ike the advance being obtained Tor
the manufactured article which had TO be paid for the
raw material.
This. with but little intermission, has been the position
Of spinnfrs and manufacturers throughout the year, and
as but little ." short time - was worked until the close of
October, the losses sustained by them as q body must
nave DDSA EAEAAf AI why G@bNBhSA gNA6 WANAo 10y
had either BY purchase OF cotton or yarn anticipated the
slow progress with which the Manchester market have
followed the continuously advancing price Of cotton for
30 many months.
This loss at last became so large and so general when
] the early purchases Of cheap cotton had been consumed,
that toward the close Of October a general desire was
manifested TO resor. to short time, 50 much SO, that dur
ing the last nine weeks it is estimated that a reduction in
the consumption of fully IS per cent has taken place,
but which has so far exercised but little influence IN rs'
storing cloth to its relative position with the price Of cot
tou-the accumulated stock OF so many months still act
ing IS a check TO any material Improvement, notwith-
standing the favorable accounts which have been re-
eeived from India for several weeks past.
It is admitted by the report that prospects Of the cot
ton supply, and Of the trsde generally, were never SO
gloomy and If the blockade Of the southern ports be
not ended, it knows not whence Great Britain caa re
ceive her supply. The circular continues
Certainly we have to-day a larger stock than at any
corresponding period since 1883, viz; 102sS30 bales, which
with 800 600 bales in Havre and on the continent Of Eu
rope, viii give q supply Of 902 $50 bales for the immedi
ate future requirements Of Europe.
Il is stated also that, owing to "the unfortunate oeeu
rences Of America that country. has itself taken y,
l42,624 yards less Of cotton cloth from this country in tn
first eleven months OF the past year, considerably more
than she total decrease in exports"
We close our extracts with the following;
Enumeraiing the various manufacturing countries, W.
find the consumption OF Great Bri ain the past year Ia
b-en 3.S90,0O0 bales, Of France 10000, Of Prussia $4,000
! Of Germany, 10000, of the remainder Of the continent
$4,000, and that OF the Northern States Of America
$4,000 bales. With a further suspension, or even a cur
taitment or delay IN the coming forward OF a crop, Whiel
supplies fourfihs Of this consumption, what misehie
may not be inflicted upon the manufacturers Of this an
other countries Z and already is there not evidence o
this fact when middling bowels, quoted here to-day a
nLd. per pound, were selling at New YORK at b cent
Eper pound at the latest datesi The supply this year @
East India cotton, as usual with high prices current her
has been large, but a deal OF this has been diverted froI
China, and should prices rule even much higher than a
present, it is scarcely possible that any important rncreas
n the imports thence can taSe place next year over an
above the 9s1,530 bales which we have this year received
DAILY REPORT DE- TEX MARKET