Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-02-11
COMMERCIAL.


The past week, like the one before Il, has wit
messed a falling market. February, TO which
most persons in the business, two months ago
looked forward with confidence AS the era when
Cotton was 10 be materially higher, is in its
second week, but the staple is at a lower point
than ever. The late foreign arrivals have
brought u~nlavorable news, but the condition of
the New York market has been more unfsvOr-
able than that or Liverpool sven when one
steamer brought news OF a half penny advance
in Liverpool, the New York market confined to
decline. This disappointment Of the hopes Of
Cotton owners has given opportunity to that
sharp multitude who never fail TO say, al
always saiQ It wOeld be so,r otter a.. event has
happened to Naunt their quiok-sightedness, and
10 claim the mllhlment Of their o~racular suger-
ings Cotton has fallen, but still the predictions
Of this school Of prophets has not come true.
These predictions Visa m+ae, were founded
upon the allegation that receipts would largely
Increase when the small streams became navl-
gable, and that accumulating stocks would
tumble prices down. But we have had neither
this alarming increase in reee,pM nol his vast
accumulation 81 SOCKS. \ New York Cotton
Report Of February al says; "The receipts at
this point, although not heary are fair-the re-
ceipts at other points yaR OF only very slowly
a@a 49," NV @hNAA1"N 49, so 49, go
menss F5c-.L.s. as a1cpmElat,RG stocks, moth
ing, in short, Jusafying predictions so loudly
uttered by " the Bears" two months since. The
statements Of receipts and stocks at New Or
leans ana othur paints, u ,szst cgrFohGrate all
the New York Circular says. The fact IS Cotton
is suffering an eclipse from a cause all who
reason on its future, knew might affect 1t, but
could not say that II ir0Jld do so. That cause is
a financial change. The Rank OF England, in
raising Its rates 70 S per gent., plFced a check on
the advance Of Cotton and the New York Re
port spoken Of above says that even in the face
Of favorable news brought by the steamer kf-
rica, sales were light and quotations barely
maintained, because Of the low rates OF tx
change. Late English Cotton Circulars look
with egtTgme gpf rel ensi1u &c IN probability
Of deae!ept crop ne&t Fear and a feeling Of
perpiexity exists that win have a strong effect
upon the market when diminished receipts and
waning stock give " the Bulls" the opportunity
to raise the cry OF " a Cotton famine"
tt toiloHi4g il stsv.sE e TIE MsFkst day
by day
! MoxpAY-A4 the conclusion Of Saturdays
market, which WAS very dull, with scarcely
I anything Offering on the market, quotations
we're nominal at 40@nc. This dap the week
| opened with 10 Improvement; only odd out
side lots were sold. Miqding flg42c,
TuEsBAY.-Msrkst again dun and stagnant
Holders showed considerable hrmness. refusing
70 ecede t 10 buyers terms New York dispatches
quoted Cotton hrmer at 4sAc. sales were few
/ and small. Midding ilgGc.
WEDSEsDAY.-New York dispatches were bet
ter. Cotton firm at soc. Holders were very
arm ana more pEsiness vas gone ,EFp On ANY
day before during the week, at an Improvement
Of one cent Middhng 4294Sc.
T~KURsDAY.-A dun day. New York dis.
patches quoting "dull and dropping at &C.
This fail back from Yesterdays Improvement
| strongly adeeysd huyeLs, aho a. The eaoss
showed some disposition 10 make concessions
I ant 4 small amount changed hands.-MiddIns
zlk9t2k.
FRDAY-News Of a half penny decline in
! rtverpooL. New York dispatches quoted Cotton
there duh and unsettled at 45@f6e-" ExceP
me ssle OF a nst Of is bales, Rfiddsing, nsxt L
nothing was done. Middling s9s4Oc.
sAruRpAY.-Ths dullest day OF a dun wesk