Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-09-24
FINANCE AND TRADE.
oFfrcK OF rHE DAILY Appeal,
~ MEMPHrs, September q, 1870, J
HAA ~ e. .r- - 1orror 49,

re- MExPHIs, September 2, $50.
49, - TEE PRICE or oorToE. (
As the cotton season of 1870 has commenced
II will be interesting, not only 10 buyers but to
sellers Of cotton, 20 knoW the course OF this
market at the same timein lsG-0s, lS0s-se, and
1890 1t Will servea good purpose, especially
20 our planting friends, to have groupedfor
their benefit the course Of the cotton market
OF Memphis from the comnencen1enf OF each
OF the seasons above 10 the close: showing the
price on the LIST OF September TO the Both Of
August Of each year. For instance, on the LIST
OF September, 1s67-6s, Middling cotton was
tEs here quoted at 24c, on the 5dh al 2%e, on the
18th 1t was quoted at &c, and from that steadily
declined until the oath OF Deeember when it
was quoted al iSc. on the "a OF January It ad-
vanced 10 llHe on the sh fell 10 lac, adj
vsncing from that 20 l5He on the 18th. From
this last date the advance was steady until the
10Th of February, when it was quoted at 28zc-
1t fell again and was quoted ON the 9th at &c.
II again advanced, and on the 5h of March
was quoted at 28e. On the 18th ~ fell 10 2B4c,
at which figure at was quoted on the l2th, 18th,
and 26th. From this latter date its advance
was rapid. On the sd OF April ii was quoted
at sc. falling TO s on the llth OF June. 1t
rallied from this decline and on the I'd Of July
was quoted al 81, nom which 1t asain declined
TO &c on the 18th of August, closing at
2sc on the lt OF September, 1865 From this
last rate the decline was rapid TO the I'd Of
October. when &c was the ruling rate. This
was the lowest price OF the season. Bottom
was reached earlier than in 1857, when the 95th
. OF December was the lowest day in the calen-
dar Between the 2d Of October and the 5th
OF November there was an advance OF &c and
a decline OF &c between the 5th and 18th of
November. from which date the advance was
steady to the 18th of January, when &c was
the price Of Middling. The market from this
latter date until the 18th Of July huctuated-
when It was quoted at s9He, deeling TO SlHc, AT
q which it was quoted on the 18th OF August. It
reached lis highest point, S3ze, on the 18th Of
August. closing at SIC on the 3lst OF August.
At this rate the market opened on the LIST of
September, 1863. From that it declined 20 25ze
on the 18th Of October, at which ii continued
until the 4th Of NOyember. II was quoted on
the nth Of that month at BE, declining steadily
until the 10th Of March, lS7e, when II was
quoted at 100. From this 1t advanced and
nuetuated until the 18th OF May, when 1t was
q quoted at PIC. From this latter date to the
2lst of July Il declined, reaching IKE 1t adj
yanced TO I9c on the 18th of August, closing on
the slst st Is5zc. The market al the opening Of
the present season was based upon this price,
but, as in former yeas there has been a de-
cline, MiddIing cotton being, on the I'D / nstr
at ls<aI7c. We have thus made a running
epitome of the range and fluctuations OF our
cotton market during the past three years,
with a view to enabling our country friends TO
make up their minds whether 1t is better to
hold than to sell We think It is better 10 sell,
and to sell in Memphis, which is the growing
cotton market Of the United States, a fact
evidenced by the increased number of bales
sold here last year and by the rates, which on
an average ruled higher than in Mobile, New
orleans, or any other Southern city.
AS pertinent TO the above, We append the
following table, showing the prices Of the
cotton crops in each year since 1856 The
prices, calculated on the basis Of Uplands. are |
for the last mentioned year Ihus; the prices
for the cotton year of 1890 are for January
AVERAGE PRIcEs IN NEW
... YORK. l