Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-01-20
COMMERCIAL.

C~orroS-The market yesterday was without
the animation that distinguished the spirited
operation Of Thursday. The full and advanced
prices 10 which Cotton reached under the active
demand to I'LL orders, inclined operators TO
await New York news. On the arrival OF a dis
patch a; II O'Clock, announcing that Cotton
was dun and inactive at 81 cents, a check was
put TO the buoyRnt tone OF the market. Al
noon the dispatch showed that Cotton had de-
clined It said " Cotton dun and dropping at
% cents" Prices became depressed and unset
tied. and buyers principally confined their at
tentiun to completing details Of orders. " or
three lists were sold, but on terms less adyanta-
geous than those Of the previous day. Sales
were generally a. our quotations, the market
closing with a declining tendency. Holders do
not appear 20 regard the New York decline very
seriously. They seem confident that an i'm
prcvement IN prices viii very soon take place.
This confidence IS In a great degree attributable
70 the change OF tone observable in some Of the
circulars" and reports" which, six weeks
and a month ago, were proclaiming the advent
OF high receipts and low prices. We quoted
something 20 this effect yesterday from a New
York circular, but the New Orleans circular OF
NELL Bros has had most influence, by predict
ing very positively that when thesmaller rivers
and streams became navigsbie, they would
deluge the market with heavy supplies From
this circular Of January 18Th, which has Just
reached Us, we copy the following, which IS in a
disappointed strain " Cotton has main
famed its position at New York with surprising
hrmness. 9 % c The higher are very scarce
and command fancy prices. " q a" The re-
ceipts have been 10 a fair extent nom the Qua
chita. aud some OF the minor streams, with a
little from the Red and at Mobile the deliv-
cries have been liberal from the Tombigbee and
the Warrior. But the Increase has been nsu-
tralized, IN some degree, by a falling OF from
the Mississippi and the Alabama, owing partly
10 exhaustion and partly to the recent holidays
and the bad condition OF the roads which have,
in many places, been almost impossible. At
samotime the rise n the Red river has been
insufficient 10 allow the larger boats to go up.
aud it is now doubtful whether there VIII be a
SUFFICIENT rise this season to render the upper
freely accessible. C. o C This r~esultSof
the recent rise Is disappointing. and It begins
to appear doubtful whether we shall have any
weekly deliveries this season. as 1t IS rea-
to conclude that the falling of from
The main rivers may continue to counter-bal-
ance any Increase now probable from the tribu-
-aHes. e = The receipts at all parts from
first Of May to date summed up 100000
bales; since that date the receipts have
to f25,GO bales, making the total
20 the latest dates we have from each,
j5,0JO bales. and leaving, upon an estimate Of
-ld9,000 bales for the total supply, about $4,000
,tll to come forward" The following is a sum
nary OF the Cotton reported to us as sold yes
.rrday: IS balesiGood Ordinary, at sc So at 40,
q a. Il, and q az Il, Low AiiddliagI i3 at ~,
gj at -, Il at 4S15, and 26s at "A, Middling ID al
-, and Il al 81. Strict Middling Ga at IS, 10 at
and 2 at Il, GOOD Middling; q at M Mid
ling Fair.