Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1865-12-10
COMMERCIAL.
OFFICE MEMPHIS DAILY APPEAL,

OFFICE MEMPHIS DAILY APPEAL,l
December 9. 1854
Cotton.
Our last weekly review OF The Cotton Market
left 1t declining in price. Middling 20 Strict,
419043ls- Holders, without abandoning the
system OF holding the mass Of Cotton in their
hands at "a Limit OF fGy cents for Middung,
were more free in making offerings for sale.
The course Of prices during the week has been
downward. until MiddIng to Strict now quotes
at 4gaI2, yet There has been daily more and
more Cotton placed at the disposition Of buyers
at current rates The three FIRST days OF the
week were characterized by intense quietude,
both buyers and sellers being DESTROYS ofknow-
ing the European news before operating to any
extent. Thursday was thanksgiving day, and
10y Friday news Of still another fall in Liver
pool reached dealers, and Cotton went down,
the offerings were more free. and a disposition
to buy on a basis Of 20 cents for MiddIing was
manifested this led to more Cotton being sold
during the last two than on the first three days
of the week. Tine opinion that the amount Of
Cotton to come to market is materially greater
than it was expected three months ago il would
be, is ruling the Liverpool markets and lower
ing prices, and should deliveries confirm that
opinion, Cotton must rule comparatively low
should IN estimates Of large stocks prove erro-
neous, then Cotton will advance. Neil Bros &
Co. OF New Orleans, have, 10y the members Of
their firm, extensively investigated the stocks
OF Cotton IN the different Southern States, and
they estimate. ia their Circular Of NOv. %, the.
total stock Of cid and new Cotton at from two
million 10 two million one hundred thousand
bales. The receipts Of Cotton viii now be
watched with great diligence, for on their TO-
crease or decrease depends the future price Of
.. - #-- H.. - -. a.
indications which shall determine whether it
is best 10 sell st once or TO await in expectation
Of improved prices. The following Is a review
Of the Market day by day:
M0SDAY.-There was very little business
done. Although the afternoon New York re-
ports quoted Cotton at Sic, and again at soc. in
The morning, the advance failed 10 prove slim
ulent, and the Market remained torpid 10 the
end. Middling to Strict 4OQ43c.
TUEsDAY-The Market languid and sales few
and light, the general tendency being 10 hold
on for European news. MiddHng 70 Strict 40
643c.
wEDNEsDAY.-The expected European news
lid not arrive, and the stagnation of business
continued, this day proving a thorough coun-
.erpart Of the two preceding ones in every re-
spect. Quotations were little more than nOmi-
nal, but the trife sold went as before at IO943c.
for Mlddling 10 Strict
THURsDAY-Thanksgivung day. No business
done.
FRuDAY.-Holders showed more disposition
10 accept the condition Of the market, and more
business was done than during any Two OF per-
haps all three days OF the week. Mlddling TO
strict iOaI2zc,
S~ATURDAY.-At zoe. for Middling, several
buyers showed themselves willing TO. operate,
and there was some brislJness IN sales, holders
putting their samples on the table in several
Instances, but most declining 20 otter and re-
porting "nO sales" The following were re-
ported 10 US: % at BE-, Good Ordinary. and 10
81 80; 4 at 81 and S at IS, Low Middling; 2 al
% and II at 40, M~iddbng; 1863 al a, MiddIing to
strict, and So at Il, Strict; 37 at Il, Strict, ands
at 50, Good AHddIing.