Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1866-06-02
REVIEW OF THE WEEK.

COTTON The present cotton season has
been a peculiar one. Shortly after its opening,
the belief became prevalent that the supply OF
cotton would be deficient. Liverpool was ex-
cited beyond all bounds by fears Of a cotton
famine" and cotton in Memphis was soid at
Die for middling. High prices brought INTO
market Thousands Of bales which no enc be-
lieyed the havoc of war had left behind: An
other era was the rapid fall Of gold. bringing
down cotton from its pride OF place to pflce
little thought of by those who at one time
boasted that they would never lot their cotton
20 so low as to sell at any figure with q forty
in it," But the most surprising OF all the chops
and changes" of the season has been ths iast.
ON the very day that New iork received news
of an important decline in Liverpool. a tide OF
speculatiOn set in. aud prices advanced. Then
arrived tidings of the most awful commercial
panic England has eyer seen since the ureaa ah
10 per cent-the Government gave 1t permission
To violate its charter by issuing millions OF
notes beyond the amount that charter permit
ted-and the continent of Europe was stagger-
inc at the approach of a widespread and ga
lamitous war. Still cotton was bOuyant IN new
York, buyers were more numerous tnan seiler.s,
and day by day prices went up, until IN nj emphis
middlings. which on the 10Th wers draggvig AZ
2sdlq,. were sold on the 18th at JIG. The late
European and New ork news gives reason TO
believe that the brisht CLEAN which has shown
| ON the past two weeks has faded away. III u
intinatel that wDr has broken out IN Europe.
With Prussia. Austria and the smaller derman
statss and Italy at war, Russia. Belgium and
| Turkey arming. and every probability oil rance
Joining in the airay. the prospects OF cotton ior
| the remainder of the season are not encOuIaB-
| ing The war will be carried on-wlth ITS selges
| and blnckades-sn the very spot whsEe cotton
| il to some extent manufactured. ana 10 n large
| amount consumed; and money VIII De apstraet-
| ed from commercial purposes to supply loans 10
i be spent in materials OF war. Even u peace
could be restored, it would be at the expense OF
| time, which would bring US TOO lar on IN ne
i year for this season 70 be advantageu py ~.
/ The following is review of the market day by
| day: -, ,of, .ho
| market advancing and active at 35G5i12c; AUG
| lie In New York. On this day, Friday. cotton
| was unchanged in New York.. In our market
/ holders stood out for higher prices. There was
i a diminished inquiry, and although a CONSIDER
| able amount of cotton changed hands. the DAY
| was less active, Middling %93lc. SATURDAY.
| Less business done than on Friday; many mol
/ ders stiil asking rates above the market; fair
| demand in New York at 4Os42c. Middlinss "a
| "a 35c MoYDAY-Less bouyancy IN New YORK
/ and holders showing anxiety TO sell, WIN a de-
| cline of price-4n9 lie. A moderate business
| lone in our market. which was dropping at the
4 close hut holders werevery stiff during the GAY,
| aud sales Of middlng were MADE az SOC. Mlu-
ding s403c. TUESDAY inactive, urooplng,
dnwnward tendency, and nominal were words
| nsed in New York dispatches. which quoted ~
4 G4le. Liverpool news To- the 18th quoted cot
| ton unchanged; weeks sales oe'OOo 9aies. UuI
L
| were made at BIC. Holders began TO snow anx-
iety 10 sell. Middlng 34@35c WEDNESDAY,.
| Liverpool news to the 18th quoted decline OF
I'd. miduing upand' lZ1sH more isss "a.
| ysrable than the published account. N Ne"
/ YORK prices we're nominal AMI lower. $50 4Oc :
| gold SSI. In our market but small amount
of business was done at very Irregular rates. ana
| heavy decline. though holders u many N,
Stances made great efforts to sell. Middling 81
@s5c. THvRsDAY.--New York quotations were
again gloomy. showing the depressing eneet OF
| HE late Liverpool news. Gold was rising. pu,
cotton was heavy and nominal" Our market
| was dull and irregular, with but few transac
| tons and dropping tendency. Quotations are
en RHIr1r'irIPTs' The receipts by river for the
| week cnding June lst, were lOi baleS, against
| a baIes last week Shipments 10! oales
| arainst !. cog last week. Stock on hand May a.
| decrease ot 4.76l bales. We have personally
| counted the cotton ut the various Shells ana nil
| the bluff; and the amount in private storage. we
| estimated at 2U bales.
.s., GENERAL MARKET.
| The larger amount of cotton selling has hao
| some little effect on cVuntr, trade bul seheiailH
| business has been exceedingly dali. Corn hnd
| proyisious alone have shown any nctl NltA an.
| also curumenl. The feed market has been dul
sSce,,t in corn. Hoy is low aud dropping. Egg
are scales, and maintaln theIf lfier. Dut.e. \
| IN large stock AMI very low. New pothtoes hhu
onions are arrivln-. and sell well.
RRGt;iN(i AND ROPE-Nery quiei. Price
have spccuiatisely risen in Kentucky, W.
. quote hest liower-o''m rope cent higher
RITTER a heavy stock. Common moi
wanted. Fine sweet How brings on 5uc:
CHICKENS-0ld IN little demand al $40 N
| 99fT'btTT0N YARNS The Memphis Mills rate
ere. Der dozen. No. 40 ilc;' $50, ~ 6V. De
&C S,oSfff;EE-Dull. We qusto Rio and LAguayr'
coRNMEAL-Planieis who have tried lo'
) | grade flour arc now generally prrierng corn
meal. Kiln drie Is higher in 81. Louis and !
very firm here. Some sales have been mad
EGGS-A fair bat not very steady demand
2 | Prices have fuctui''d with the amount OF &c
| CENTS from 2oc 10 &c. ,
E supply, and higher. Oats are very quiet an
| UNCHANGED. Hay J. in small demnnd, prir'
, Dropping. Bran I'D hin tufts stagnant. quota
. | tons nominal.
I'll FLOUR-Fancy and MN steady. lowe
grades have t. rontend with some old hou
e which sells for what II will fc,eh. New is in
4 little better d mand. Quotations of lowe
grades are unc ertain.
FRUIT-Grsen apples are in less demand an
| lower Dried fruit staguant and nominal.
5 HARDWARE-Quiet without change in an
e LARD-Good leaf only in demand. Pric
very firm, with an advance in Cincinnati
LIME-Demand moderate. Ohio lower.
r PROVISIONS-Mes pork in good demon
I and higher Clearsides in good demand al Zl'
4 SUGAR-Not active and unchanged.
SALT-Quiet and lower.
e TAR-Quotations higher and irregular.
VEGETABLES - New potatoes and ne'
q onions in good request at quotatons- lie
,v crates of cabbiges brought 80. Old yeeetabi'
" very little asked icr. some old potatoes Sc
for S2,92 50 e hi. ,,,e,,
MANUFACTURED T0BACC0-The mi
e ket IS without change for the past week. BET
FER qualities Of sound bright goods are scare
d with = fair demand at good prices. Very lit
r demand for unsound, damaged goods. Receipt
| light.
BA6GING, per yard,
India. y oV ~ " d
I Power loom .-....--.......... . ~ ~ Y IS
e BR00MS, per dOEsn, ..-....-......-. = 30 q "
Y BEANS. per busbel.
: ................ 20 q 20
. BUTTER, per pound.
kommo l..-..................ss... v " - ~
h Tubs ------ .....--....-.--....--... U 81 q v "
CANDLES. per pOuad,
tar ID "a