Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-12-17

The cotton seasons OF SD, and coo, weri
unexampled PARALLELS, -huctuating al The sam'
peri ds. in the same direction Though no
reaching same hgurssl Throughout, the middle
OF October being the highest point, and Snt
middle Of Nay the lowest, esch season. prom
present indications the speculative world ard
cotton consumers seem acting In per eel coel'
deucs of this season continuing TIE parsntI
we nave seen. during the last ten days, cotton
on hand in Liverpool selling active al I'd
while to arrive, or for future delivery at the
same time. and IN the same market, q sold at
Il. cratIL cents in gold less. Ia New YORK IN
same feeling seems 70 have prevailed livery
one seems imbued with the -dea lnal lheA
can gg out a short which Is a e2nLats NJ
future delivery al any price they W. oe Lole
To buy and deliver before the time arrives a. q
handsome profit The reasoning lof Lhls uae
action Of the Government uaEe-lus IaptllS 10
me direction OF hard money, hard times, ana
C1rSeUueuLlow pr Is, accompanies Dy unlFef-
81 eIfIurasr hroupbO The c1untrV, r~cndcrugus
una1Ie 10 hold anything that VIII bring money
from abroad. the belief in . large crop In this
country. and q general excessive production
over The cousumluon, the r~escinaihg OF ne az
on the crop Of % stimulating the pfo4ucl-u
frthat year Granting these facts correct Is
there no limit But they are not correct Al
ready the price is below the cost o. p~roaucuqn,
~ or M ~. and mas bankrupted the pr0du-
Gers. Even al remuneratFe prices lneg nave
no meaHs 20 make II. and al present prices,
with unlimited means, they would not make
IL Nav notice same condition preV&lln other
cotton countries? They learned 10 raise u al
war prices. Can Their enterprise survive the
dec luee This crop IS oFere,Lmaleu Win lne
most mvorable fall ever Known The receipts
10 Isf December 1877, at ali our ports,
only equaled the receipts 10 same date last
year. although the revenue regulations pre-
vented It's coming forward TIL near The middle
OF october. ls66. The stock OF American cOuon
in Llv rpO5Ii lie only E.9J0 bales, which Is WORTH
less reiectipus OF previous crops 70 = great eL-
teut. The stocks are light al all oar ports
Here the amount Of stained and low cottonS
sh0E that the last Of many crops are on the
factors tables When the planters receive re
rurIs. goodbye cotton Is the word. Farewell
q long farewell, 70 a. tiny greatness. 1he pin
usrs lave no stocks on hand the markets are
well osersold 70 arrive. which must prevent an
accumulation Of stocks THESE short sales OF
themselves must cause a gOOd demand for cot
Ton. a. % must be b1uglt before II can De delN-
cred Let any interruption 10 its coming 1or-
ward occur, OF IL become evident that there is a
SlO-t crop and 3 hplun6rs and speculative de-
maud spring up. thee shorts may have a hard
market 10 cover on. Besld a President has %
BE- elected next year, q 10 is becoming evident
the popular issue vii be an issue Of greenbacks
and -u- only difference lu parties VIII be which
81 Necessary TO manufacturer they mad bssJ
secure a long supply OF the present crop.
The Liverpool cotton market opened duh to-
day, With uplsnds at I'D, Orleans I'D, and al
] p m Was lru vita quotations nOmlnally IN
changed selling u arrive 81 I'd; sales for the
dav- lO.uJ bales The New YORK market opened
uuies but steady miGdliuEs, l5hgCs Orleans,
lJeC. At noon the market was quiet, but nrm,
and at the close mlduuuEs were l5 cs Orleans.
l5lvc. with q good demand and prices Teuriug
in lhs market throughout the day.
Holders were as-ing BLG sc, but selling az
the inside figure and IN some instances sold At
1870, 5ut after the receipt OF the closing dis
1870. The larger part or the days sales were
made 90 Islsc. There is "a large amount Of
stained cotton on the market aud but little oil
the finer Grades. The market clused with an