Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-06-23
take the following statement
stock on hand May 81.

Stock on hand May G.----- 1o5'
Reports from all parts Of Pennsylvania
promise tbs largest wheat crop ever
grown in that state. Farmers predict
that wheat will come down to 81 so per
bushel.
IN two DAYS Of last week wheat de-
clined 25 to % cents per bushel in Chi
cago. In the middle Of May, wheat sold
in that market for 81 S. per bushel on
the 9Th inst, at 81 80. The highest price
of O in Chicago in May was 81 10, on
the 6th inst. it sold for 80 cents. Oats
have fallen from 80 cents on May 2Sth,
to CO., June 9th rye from 81 81 to 81 O2-
Such English authorities as are noted
for keeping careful and precise accounts
of the movements Of cotton, together
with the future prospects Of the trade,
are unanimous in the opinion that cotton
has about touched bottom that the point
has been reached at which consumers, 10
England and on the continent, can buy
freely and work to a moderate prohti
and hence, that there Is new Q legltl-
mate foundation for q healthy business.
On.thp oahs4 nanG, the supply IL so
ample 500, 900 bales Of all kinds at Ltv-
erpOol, June / and the absence Of spec
ulation so marked, that no important
advance is looked for, recent indications
pointing to llGll1d as the natural price,
at present, for middling American.
Owing 10 the low figure st which the
stock in this country has been reduced
through the free shipments of last win
ter and spring, English spinners have
apparently made up their minds that
from July 1st to December 1st they can,
practically speaking, receive scarcely
any cotton from this side Of the Atlantic,
but they do not argue from this prOba-
bility that any material advance in price
is likely to follow.
They are clearly Of opinion that the
import of the India staple will increase
in the same degree that the arrivals of
the American fall of, and thus, with the
stock kept pretty full till late in the au-
tumn, little change in price will probably
take place, aside from q possible widen
ing Of the margin which at present ex-
lists between Surats and American. The
arrivals of Egyptian cotton at Liverpool
have about ceased for this season, and
the erop has turned out much less than
was expeetedt the import to June ] show
ing tbeea. increase of 5000 bales over
that B~fTEseyear. Owing to this dis&p-
pointing result, an advance ia this kind
ofIg62d from the lowest point had been
established, while Brazil and India,
which had arrived freely in May, ruled
with great steadiness. Attention is now
largely directed to the prospects Of the
growing crop on this side, the general
opinion being that the yield will be some
Whist in excess Of the last one, after max
ing all due allowance for foundations
and the unsettled condition of labor, the
conclusion being founded largely upon
the fact that last season was very unfa-
vorable and the seed poor. The state of
trade in Manchester has visibly i'm
proved, under the encouraging accounts
from India, where the markets have
shown unexpected strength, IN view Of
the enormous supply of goods from Eng
land.
The New Orleans Times says:
The great railing offin the demand for
real estate has been a topic for talk for
several days-what is the cause, is a very
pertinent question. Rents are declining
from day TO day. Large stores in the
most central situations cannot be sold
within twenty-five per cent. Of valuation
two moHths ago.