Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-03-18

large importntions from America; and by large
receipts, not only from the United States, but
/ also rom the Fast Indies. As receipts decline
here, and stocks decrease liverpool win nova
1 corresponding nrlraess ia prices. The latest
Liverpool circulars inform us that the total
stock there, Feb. y, was l5S,9S0 bales below the
amount on hand at the corresponding rerod OF
last year; but, on the other hand, the amount
! AZ sea was 81 .657 bales above The quantity At
the same time The preceding year. This gives
the quantity OF Cotton in stock at Liverpool,
and at sea, as Iss,6s7 bales more than last year
/ From hisit Is evident that the full slK antage
resulting from the comparative decrease Of
stock, can only begin TO anect our markets ia
/ vorabiy when the shipments from this side ma
terialIy decrease. and, by that time, the pros
poets ofthe crop now planting will become an
important element in tho calculation OF price,
keeping it down, or raising 1t up TO high figures,
in proportion as those prospects are fsttering
or the reverse.
Cornwall & Zorega's New York Report Of
March sh says: III huctuation and decline
of gold having wiped out the small margin thai
has been In the exporters favor, and the Liver
pool adviees being very unfaVorable, our mar
ket for the week has been depressed, and prices
have Gradually declined, closing very weak, and
in buyers favor. There is a full supply Of Cot
ton Offering, and holders lose less time than
formerly in meeting the market There are,
however, no signs Of their being demoraltzed
they DO not force the market. they only ac-
cent the situation. q o We have TO notice a
very marked change in the estimates ofthe
amount OF Cotton likely to be grown the next
season. As the condition Of the South becomes
better known, il Is conceived that the popular
estimate has placed the probable amount
u the next season crop too high Tie induce
ments TOR growing Cotton are certainly large,
but the dinicuities from disorganizrd capital and
labor are known 70 be great, andin place OF two
miuioHso Of bales being among thelow estimates,
II is the amount now more generally conceded
as the probableJuu amount ofthe next seasons
crop. The Cotton Goods market is irregular
and lower"
The following shows The course of the Cotton
market day by day, during the week:
NoNpAY-N later news Ia than the closing
quotations OF New York Saturdays market, 40
CENTS very little business was therefore done.
Too late to affect the market news arrived OF
"a advance ia Liverpool New York nominal
AZ Haze, and Gold higher. Middllng. aa32c.
TrE.BAY.-No advantage obtained from the
Liverpool rise. for no Geographic intelligence
WAS in TO show its effect on the New York mar
ket. and without knowing that buyers and
sellers were equally unwilling 10 operate, and
he day passed in quietude. In the afternoon
news came 10 hand-it was most d%isappoint-
ng-Gold lower than before-2'lc Cotton as
il stood before the English news came-D cents.
Niddnng, sG82c.
WEDNE,DAY-Ne York dispatches better
Gold, Sic Cotton. Il. Though not very active,
there was some business done, and the price
one cent lower grades most in re-
ouesL and higher, in proportion, than the Supe-
rior qualities. Middling, S29S.
THUkspsY.-Another steamer from Liverpool
confirming the advance, but diminishing it by
"e.aIgc." Some ontendedt this was an
additional advance: difference OF opinion
checked sales, aud but moderate amount or
business was done at the advance Of another
cent Kidding, 53g3ic.
FRspAY-SuIl another steamer-tie Africa,
from iverpsS1-aceord,n g to private dispatches
declined "a, quotations as before the
advance. In New York, Gold Sic, Cotton nom
inal st 4 cents. The market was hat and stag
nant. losing tile advance of tas DAY before.
snddHng, &}@3ic.
investigations failed 20 dis
cover a Cotton market there were no new
in-the market was quiet ana
steady a private dispatch abdul Al % cents
Gold was S04c. Under these circumstances
scarcely anything was done. There vas some
INQUIRY, but holders were above buyers views
We heard Of no sales worthy OF report, and
merely mention bales at Sic, % at alh.c, and 5
s1c. Low Midding 9 at BE. and % at SIC
Il at BIC, strict Middllng
Receipts by river during The week, SIS bales,
against go bales last week. shipments, a62
bales. against 90J4 bales. Stock February g,