Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1865-12-24
CoMMERCIAL.


weekly Review. aA u
COTTON-our weekly record of the Cotto
e Market Is not, this time, Of so glowing & eharaS
5 ter as for some weeks past. There Is a tide i
: the affairs of men" and that tide does not fai
to Affect 81 the bosom friend Of woman Cotton
$ On Monday teamer's news came In aAnoune
3 ing a second advance in the Liverpool Cottol
5 Market. This put a brighter face on thing
l and more active operations were looked ior
but the slip that sometimes comes between Tn
cup and the LIP, unfortunately hapPenea OIL
this OCCASION The good elects OF thls ne"
were neutralized by an Ambiguous ana per
picking dispatch, stating that the steamer
news had caused buyers to withdraw from th'
market, in New York. As this was contrary U
the ordinary course Of things, the next dispatei
was eagerly looked for, to clear up the difne1lty
when some demon, opposed to the power o.
King Cotton, got into the ascendant and pie"
up a storm which so damaged the telegraph
wires that no further dispatch came through
until noon on Thursday. During the interval
all being in a state OF uncertainty, the III
omened dispatch paralyzing both buyer and
seller-little was done, and weather as dFlL1le'
gloom, and infamous mud could make Il, added
20 the stagnancy. When news did get through
ii stated that Cotton had risen in New fork TO
from 80 to 50 cents. To this Improvement in
prices was added an Improvement in the
weather, and a frost bettered the state OF the
streets, and a disposition 70 do business mani
tested itself Holders asked an advance of two
cents on the rates Of Tuesday and wednesday,
but buyers showed no eagerness to operate, and
were slow to accede 10 the demand. Some I'M
provement showed ITSELF however, and on Fri
day a further stihening of prices manifested it.
self Along with this mprovedtendency, there
was an unusually large quantity OF Cotton
thrown on the market and sold for what II
would bring. On this and other accounts there
was great irregularity in prices. Wesaw Cotton
Of the same quality, bought on the same day,
and by the same buyer, for which a difference
Of two cents in price had been paid. This fore
ing on the market was in consequence Of the
approach OF the holidays, a period at which a
little money is always wanted, and when that
ceases to counteract the influence of the i'm
proyemeat caused by the Liverpool advances
if the tidings from thence continue favorable
we may anticipate an established improvement
in prices. In the meantime, what is becoming
of the bulk of our stock OF Cotton, whichis held
at a limit of 50 cents? This Cotton, as a general
thing, is still held back, but many Of the holders
now express their intention to put it on the
market when IS cents is reached, and At is gen
orally and confidently believedthat that point
VIII be attained directly after the holidays.
The holders, at present, are putting on their Ia
bles such Cottons as the necessity of the owners
require TO be sold such as has been advanced
upon as far as is desirable; and as much more
from the general stock, as is necessary to enable
them to get along" all beyond what comes
these requisites is held back The week
closes with a hopeful feeling on the part OF
holders, and with a general expectation of bet
ter prices and a more active demand, especially
as our receipts are materially decreasing, and it
is believed will, from this time, fall below the
shipments. The stock of Cotton now in this
city is estimated at $1,000 bales. The following
is a statement OF the receipts by river, and OF
the shipments, week by week, since November
Il; Receipts for the week ending November
Is, poi bales; November 25, 1882; December 2,
lI23; December 8, 1852; December Is, 24s; De-
,ember ., Bl7. Shipment-November IS, S2g
oales; November 3, 1866; December 2, 1857;
3, S745; December l6, 1870 bales.
Reviewing the market day by day, we find
hat on Monday the steamers news of an ad- I
rance in Liverpool improved the market but
owing TO the absence Of intelligence as
0 how New York responded to the improve a
nent Middling, 42G4sc.
TUEsDAY.-The lines were down, and the a
market was stagnant under the influence of an
nigmatical dispatch, which stated that the [
teamer's news had driven buyers from the $
York market. Prices very irregular.
Iidding, 4lcGf2Zc. P
WEDNEsDAY-Lines still down, and, as on
day before. bad weather. Prices again a
cry irregular and lower. Middling, 4OIzcq42c.
THUKsDAY-News from New York of an ad- V
ance in that market TO SIC, and active. q
again irregular, and higher. Middling, Il
E
FRIDAY.-Pnces better-Nsw York dispatches
1oting 52cG53c, with 4 good demand. Con- u
derable " outside " Cotton forced on the "
iarket, and again much iIregularity in price.
421ScG43k. q
sATURDAY-New York dispatches were again nj
quoting market steady and un- re
Hanged at 52c95Sc. The earlier part of the u
eek having been unfavorable to shipping, a u
Fry heavy days work was done in that line, II
l which account but little was sold. Rates .
ere better, principally owing 10 the fact that J,
was a much smaller quantity of Cotton y
reed on the market than during the preceding 80
rec or four days, The general feeling was CT
and the decrease in receipts leads to u
reliance being placed on prices -
n~tinuing to advance. Among the sales were "a
e following Is bales at SSc, Z at 800, and 50
Ale, Low Middling SO at SIC, l2 at sc, Is at y
and 50 at $40, AiddIing % at sc, 81 at &c
ID y at 45O, Strict Middling; at 45c. IS at 46c u
d Is at &c, Good Middling. III