Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-04-28
REVIEW OF THE WEEK

C0TTON--0n Monday week the market be-
came depressed. in consequence of the arrival
inteIligesce Of Cotton having declined in Liy ,
| erpool from I'd. TO Id. AS Liverpool had long
| been the sustainer of Cotton against the droop-
| ing weakness Of New York, this occurrence was
SO far that impression has been supported by
| the state of the market. A temporary flush
lighted up the market on Monday. but before
the feeling bad effected sales to any extent, fur
| momentary improvement, and left the market
| in q more gloomy state than before. On the
day we closed our last weekly review. scarcely
any business was done. Holders would put
no lists on the market at the current rates. pre-
| ferring to await further news from Liverpool.
| New York quoted Cotton quiet at 37c-Gold
IA" Middling in our market was 3093lc.
| FRIDAY showed an unexpected i'm proyement in
| consequence Of large sales and an advance in
| rates in New Orleans. where damage TO the
| crop from crevasses, and bad weather in Texas
| had caused some excitement in the market
| There was not much done. however, except
| the sales Of two lists Of Low Middling, amount
ing to over go bales at 30c. Middling, 3l932c
On SATURDAY Cotton was quoted in New York,
dull and lower at o7c-Gold 261s." In New
Orleans the higher grades were sitter other
qualities unchanged. In our market nothing
was done worthy of mention. Middling, 3l@
80. The inactivity of Saturday promised i'll for
the new week. but to the surprise of most, the
market opened on MONDAY with an eager in
ding Although the New York dispaI ches
quoted Cotton dull and nominal at 36@37c,"
holders did not avail themselves of the happy
moment. keeping lists entirely out of the
market for yet higher rates, and very small
amount of business was done. This sudden
demand appeared to have sprung up from a
sudden and sharp call fer Cotton Seed, from
parties who found the Seed they had put in was
worthless it was thought that bad Seed added
TO crevasses in the river below, and to bad
weather in Texas; all this. added to the anxi-
ETY. that would naturally develope itself to put
as much Cotton down in Liverpool as possible.
before the contemplated five per cent. tax is i'm
posed by Congress, stimulated a demand that
was. TO great extent, speculative, Middling,
3lg32c. On TUESDAY the determi nation of
holders not to sell at current rates had some
effect at the opening OF the market. A little
Middling sold as high AS 1920, and there was
every prospect OF a very active days business
being done at good prices, when. before enough
could b. done to raise quotations, intelligence
arrived that the steamer America was in with
news Of further. decline in Liverpool This
brought the market to an entire land. The
Liverpool dates were to the llth. Cotton had
declined ID. quoting at l615d. Our buyers re-
ceiyed kilograms from New York, mostly can
ceiling ord rs. some reducing limits. Middling,
Sl@32e. On "WEDNESDAY there was scarcely
were paralyZed by the depressing news from
Liverpool ami only small lots were dispose Of
and at lower rates, Middling, 30c. THURSDAY
there was probably not lOu bales sod-th'
market was paralyzed. No prices were estab
lished, and our quotations are, necessarily.
aonindl with probability of rates being still
lower; New York noon dispatches said
"Gold. 2T14-Cotton, dull, nominal and rregu-
lar at $40 36e." New York private telegram
gave the following as the lat st from Liverrooi:r
=" Dates to the 18th sales Of week. 1900 bales
decline on the wees ID. closed with declining
tendency. Middling. l6d " As the previous
weeks quotations were l154d., the real decline
appears to be I'D.
Receipts by river for week ending April 9Th.
were IS bales, against / y bales last week.
Shipments, 1861 bales, against 29l1 bales last
week. Stock Oh 3lst of March. 26l57 bales.
Stock this day estimated at 2O,OO0 bales.
Ordinary. Middling ...........28@ g
Low Middling ..-26@27 Good Middling-~-@-
Tsoo cents to be added to each figure abore