Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1865-11-15
COMMERCIAL.
OFFICE MEMPHIS DAILY APPEAL,l

OFFICE MEMPHIS DAILY APPEAL,l
November Is, 1855.
Corrosive can dismiss yesterdays market
very briefly, by saying there was no such
thing-it was a name, not a reality. So trivial
ars ths figures our industrious inquiries col
lected, that we condemn the petty result TO
oblivion. Tho detail Of sales OF one, and
three, M I've bale lois-and a slender show Of
even them-ike a pair OF donkey's ears IN
a lady's work-basket, can prove " neither use
1ui nor Interesting tt appeared on Monday
night as ii holders had made up their minds to
submit 70 a reduction, but a change in the
aspect Of the New York market caused themeto
persist for another day in refusing to hear offers
from buyers based on 40 cents for MlddIiug.
The decline in Liverpool precipitated the price
IA the New York market from SGT 20 cents
but yesterday morning one Of the lost cents
was regalned, and Cotton was selling al 20
cents. For this favorable and unexpected
change there was a reason, and 70 see whether
the cent advance would prove permanent, or Il
another advance would follow, sellers haveheld
over yet another day. Their confidence in the
m-ure high price Of Cotton remains mistaken,
and 1t is wiz extreme reluctance they submit
10 any decline which they view as a sacrifice.
There are peculiartIes la the New Yorkmarket
calculated TO cnuse distrust among our people.
LAS A@Ha ahAAANA4N1 NA0 EAAAD u EAAHr
30 bulls" daily toss up, and hears" tear down
The price OF stocks, may not Cotton be sub
iected 10 the same gambling, ~thimble-ng ma
nipulaton ? Considerations Of this kind are
turning tho attention OF our merchants
toward New Orleans-a city with whom
we have ancient and valuable con
n~ections, and that VIII, before long,
resume It's natural position as the great
Cotton Shippers market, while New York viii
resurn TO its position as the Shippers market.
Referring 70 The New Orleans papers Of the
eighth, we ind that the cotton dealers there
have been pursuing precisely tho same policy
as ours iu &5mpAis-ths p0lcy Of a +tmasieriy
inactivity The y. @. Crescent Of the above
date, reports good enquiry, at puces the factors
generally refused 70 ~adOpt-small lots were dis
posed Of al the ruling rates, but as a general
thing higher rates were demanded-IactoIs
were disposed 10 await later meas. The y. Q.
Price Current, Of the same date. says. /" The en-
quiry was more general, but buyers came for
ward With offers which factors would not ac-
cept" While the Cotton holders Of Memphis
and those Of Kew Orleans have, unknown to
each other. been pursuing the same line Of con
duct. the quotations in that city, in New York.
and IN Memphis, have pressnteda diversity
which IS worthy sfths attention of orr cotton
people here. The y o. Pres Current reporting
their market Of the seventh, says; " With the
remark thai our figures represent yesterdays
business. and that desirable lots could net be
hal, unless al 0btside Hggrss, or epsH higher rates,
We now ADJUST our quotations as follows: Crdi-
nary l2g4L Good Ordinary Faz, Low Middling
50352, MiddiiEg 5ia55, Strict Middling So The
New York papers, in their commercial osiamns,
say that on lne same dag Niddling Cotton sold
in theircity at53e1. On the same day in Mem
phis the price paid for Anddling to Strict was 90
a4S These facts and figures" contain mate
rials for thought. and viii not fan 70 receive due
attention.