Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-05-31
COTTON.

Sales to-day we're 244 bales; and for the
week 2245 bales, against zoos last week.
The market, since Wednesday last, has
manifested a declining tendency, and
both New York and Liverpool are lower
thar at the close of our last weekly re-
port. Middlings to-day were weak at pc
and small lists were disposed Of at a frac-
ton less than that figure. Low Middlings
sold at 2Ie and Good Ordinary at 2OLc.
Prices in this. market are very close to
New York figures, and buyers complain
of their inability to make shipments pay
out. Receipts for the week we're 22Bt
bales, against 1910 last week and 1915 bales
for ths same week Of last year.. Exports
were 2sII bales, against Sl5S bales for The
same week last year; and stock on hand
is now Is, 400 bales, against $3.50 bales at
this time last year. Receipts for the
week closing last Saturday, at all United
States ports, were $4,000, against $3.50
the same week OF last year. The stock on
hand at all United States ports last Sstur-
day was $40, 900 bales, against $50, I03 bales
at the same time last year. Middling
Cotton last year at this time was 27Ac.
Gold was then I39, and the price is now
Il4k. The total receipts since September
LIST to the close Of last week reach 1906
22S, against 2,OS5, 900 bales to the same
time last year-an excess this year of
ST., 22S bales. The receipts continue to
arrive largely in excess Of the most Wis
iOnary estimates. From this time out to
the close of the last commercial year the
receipts az all United States ports were
10000 bales. Take these figures as a
guide for our future receipts, and it will
give 1911, 600 bales as the total crop Of the
current year. Considering that our week
ly receipts continue to exceed those Of
last year, and that there still remains con-
siderable cotton in the interior, there can
be little doubt that the crop Of this year
will approximate three and a half million
of bales-fully 100000 more h was
the estimate of many last fall, and half a
million more than the largest figure Of
the New York statisticisns. 1t is CON
tended by many that present prices can
not be maintained, and the decline dur
ing the past week, both in Liverpool and
New York, indicates that this is the fact,
though the deficiency of the India crop
may offset the unexpected increase of
yield in this country, and tend to a future
improvement. The total deficiency Of
supply forwarded and on shipboard at
Bombay, Madras and CALCUTTA, up to the
close Of April, is 1886, 900 bales short Of last
year, while news from all parts Of India,
Ill a Dragf1 - Vanah ~ eLa-
was anticipated, and tends to the opinion
that the supply from those countries viii
fall FAR below expectations. We hear hst-
tering counts Of the growing crops from
ali quarters-from Bolivar and Wash
ingtOn counties, Miss, and Chicot, Desha,
Phillips and Crittenden counties, in Ar
kansas, as well IS all the valley lands be-
low u. The light showers Of last week
came Just in the nick Of time to make
cotton grow rapidly, and IL would be i'm
possible for it to be more promising thar
It Is 81 this time. On some plantations Ia
Bolivar, squares are already forming,
while the increased acreage indicates a
much larger crop than was made last
year. Fields are nearly all free from
grass snd weeds, hands are working fully
as well a. the most eXscting could ex-
pect, aud on the whole, the condition OF
the planter, at the present time, could
not bs more gratifying. Corn looks ele-
gait everywhere, and en- the river below
AS enough has been planted TO supply the
needs OF the country.
COTnon