Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-01-21
COMMERCIAL.



! CoTroS-At the conelusion of our last weekly
Z review, helders OF Cotton were recovering con-
adence. after the rude shock the staple had ex-
penenced from the fall in Gold, Middling quo
ting 4iaEc. The effect Of the trial was TO give
an assurance OF the vigor OF commodity which
could bear 20 heavy a strain with 80 little erect
THIS trial also showed that there was no basis
for a fear some dealers had experienced that
heavy stocks In New York, New Orleans and
Liverpool would bring down prices II these
stocks, a. some asserted, we're az the point OF
reducing the price OF Cotton, thatmaterial VITA
the weight OF the Gold panic added TO the
amount OF stocks, must certainly have sue
cumbed. There Is also increasing confidence re-
s~pecting future receipts. II has been persist
emily proclaimed that when the winter rise
threw m the minor streams aud they became
navfgable, large amounts OF Cotton would come
down them, so swelling stocks thai the price OF
Cotton would be kept down by the aceimp'"-
ton. As time passes on these predictions re-
main unfulhlled, and some OF the cotton 'lIcu-
lars and reports which issued them are no" eA-
pressing disappointment at the non-realiASIon
OF their expectations. True there is an increase
of receipts from the small streams, but there IS
a corresponding decrease by the large rivers
and the consequence IS no absolute addition 10
the Stock. me aGItApAa " NV
instance. SAYS one Of these documents have
during the past six weeks, decreased from a
weekly average Of 1900 bales, to s,00o. Thisf-
vorable state OF thing has not failed 70 awaken
the attention OF the mill owners and II Is eX-
pected to have its effect in Liverpool also. The
SINNERS were induced, IN many Instances
when the Gold panic arrived, to cancel their
orders. Seeing that Cotton was fully able TO
stand the strain, they came to the conclusion
that then was the time 70 buy, as Cotton was
never likely to be lower at any future parton
the season than just then. During the ioar
first DAYS OF last week, our market was keptih
an animatad condition by these orders, Cotton
going higher daily, independent Of New 1efA
dispatches. and regardless OF the fact thai the
last news from Liverpool had been Of a decline
Of ona-fourth Of a penny. This spinners us-
mand Is the best portion Of the Memphis mar
ket. In dealing with New Orleans ana Ne"
York. we have TO allow them a margin a.
profit. but. in dealing with manufactures there
fsnoue TO claim a profit between the seller and
the consumer Of the Cotton. This spinners
trade is OF recent origin, it survives the contu-
sion OF the war, and is destined TO become a
most valuable portion OF our commerce. Ior
Memphis offers the spinner even running ISIS
and superior grades in a manner more coh'e-
nfent to them and better adapted To their DuAi-
ness than any other market As the future
price Of Cotton will be regulated by stocks anu
receipts, We have compiled the following nsures
which VIII be found OF Interest;
ToteJ weekly receipts at New Orleans and
Mobile for five weeks: Week ending Dec. ID
p "A, bales Dec. 2, E,OSl Dec. ., 81 200 Jan
) 5u3: Jan. y, $500. The New Orleans Price
current OF Jan. I0gtyes the stock on hand there
rr, a- - 1-ga F,TI.urFur are the total |
receipts at New York for four weeks Dec. b
Eyg73 bales; Dec. -, 2,GjO; Jan. 5, 1870; Jan.
p 1927. stock on hand in New York Jan. L,
as estimated in Cornwall & Zerega's Report
$4,000 bales stock in Memphis, as counted
II, 2l,6f2 bales. Receipts by Ohio Railroad
for two first weeks in January, l,53l bales. Re-
eeipts by river during each week this mouth;
Week ending Jan. q, 29 bales Jan. -, l,4ss
Jan. -, $50.
MoyDAY-The market opened with a brisk
inquiry. News from Liverpool Of a decline OF
quarter Of a penny in that market
produced no effect whatever. MddIing, 424s
43E cents.
TUEsDAY-Market opened brisk and firm.
New York dispatches quoted Cotton nrm and
advancing at 81 observation-disclosures that after
the European news excited surprise and
stifeued askings. MIddling, EKgis14 cents
WEDNEsDAY.-Sales animated, holders very
firm. and prices advanced, closing arm at $50
a cents for Middling. Some lists Of even run
Middling brought 5 cents.
THURsDAY-The market opened briskly, and
was carried on splritedly. Sales were heavy
prices advanced under a very active de-
nand. especially for first class Cot5Ons. Mid
fling, EISd4412 cents, with further even run
ming lists of MiddliDg at Is cents.
FEIpAY.-The active sales Of the week had
most Of the orders On hand, and made II
to prepare for shipping, and the
market opened quiet. Dispatches from New
York quoting Cotton dun and dropping at
la52 cents had a depressing effect, and the
closed with Muddllng, B9H cents.
SArURDAY-The active sales Of the week
shipping imperative to-day, and very
itue business was done. New York dispatches
echoed yesterdays. The few sales made were
II unchanged quotations An advance by the
rext steamer was anticipated with considers
}le~ confidence, and prices were tolerabiy firm.
We repeat quotations. Among the sales were
he following: 3 at 35c, 9 at CSC and l3 at Sc'
etc IS at 4Oc, at &c, at i2c and Y at
PIC. Low MiddIing; 70 at 4c, 24 at 1919 and
8 az 44e, Middllng; . at 4e and % al i6c, Strict