Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-03-22

The foreign exports this year have
been l,309,5 l4 bales-exeess this year
over last to same date 3S5, 933. Ship
meDts coastwise this year have been
4l2,22 bales-eXcess over last year
$500. The foreign shipments are dis
tributed as follows: To Great Britain,
S69,870; France, l9S, S24; other foreign
ports, 240,S20.
The total visible supply of cotton,
according to latest New York circu-
lars, is l,54S, S25 bales, against ], 1889, 1877
bales at the same time last year,
showing an excess of visible supply
this year of 209,08S bales. The stock
on hand at Liverpool IS 10, 900 less,
and that held by Manchester spinners
/ $4,000 less, and the quantity ahoat
from India $1,000 less than at the
same date last year. The excess is
chiefly in stocks on hand in American
ports and interior towns, together
with that afiOat from America, the to-
tai excess showing 307 900 bales over
those of the same dates last season.
Recent advices from India are more
favorable, and it isgenerallycOnceded
that this years crop will somewhat
exceed that of last year. Shipments
to Europe will be made more rapidly
by the shorter route through the Suez
canal. The first regular steamer in
the line from Bombay TO Liverpool
reached the latter port a few days
since by the new route, with a cargo
of 10000 bales of cotton.
The Galveston NelUS of last Thurs
day SAYS: The receipts of cotton con-
tinue light, footing up l67, 724 from
September LIST to date, against lO0,o7
ia the same time last year. The IN
crease is now 61,S47 bales. We antiCi-
pate increased receipts the next two
days, three bayou steamers being due,
and cotton beginning to pass Ove the
BRENNAN road. 1t has become evil
dent now that Our receipts will reach
200. 600 bales, and most authorities
place the figure at 215,0 900 to 225, 900
bales, or nearly 100 per cent. increase
over last year.
Receipts of cotton at all the ports
for the week were a, lbs, against Sc, 726
last week, 1917 the previous week,
s.. 755 the week before, and 90, 424 bales
four weeks ago.
The contest in cotton in the future
is likely 10 be q lively one, says the
New York Express. Liverpool will
do all it can TO break the market, but
the cotton held In the seaports OF
America is widely distributed, and
this acts against the bear movement.
Two years ago England held the cot
ton market in her own hands,
and forced the Southern
planters to sell their crop
at low prices. Now the South is mas
Ter OfIthe situation, and thus far ia the
season has forced England to buy her
cotton at her own prices. This Is q
remarkable ceauge, and restores TO
America her former supremacy IN the
cotton business.
COTTON IN NEw YORK.
NEW YoRK, March p, I0:25 s.m-Cotton
quiet but steady. Ordinary, l915c; Good
Ordinary, 2lZc; Low Middliug, 22Hei
Uplsnds, 23Lc; Good, 2lzc; Mobile,
Orleans, &c.
2.55 p.m.-Cotton dull and lower; Ordi-
nary, I9ci Good Ordinary, 2lci Low Mid
ding, 22Zc; Uplands, z3Ac; Good Mid
dings, 2l}zc; Mobile, 2Hc; Orleans,
SOS p.m.-Gold 1928. Cotton easier;
Uplsnds, 23Hc; sales, 100 bales, and 500 IN
April, at z26Z2Lc; 500 in May, at ga
600 in June, at &3G2Ic.
3 p.m-Cotton dull and nominal; Up
23Lc; sales for export, 600 bales
spinning, 100; contracts, 2OGo; rates I'M
changed.
COTTON IN NEW cRLRASs.
NEW ORLEANS, March q, 2p.m--0ot-
hrmer but dull, 2ZZ423c; sales, 2590
bales; receipts, Sl5T bales; exports, il,645
bales.
COTTON IN LIVERPOOL.
LIVERPOOL, Efarch p, II a.m.-COtton
firm: sales 12.O0J bales. Uplands llBd;
Orleans, ll14d.
Ip.m.-Shipments of cotton from BON
bay since last report to 10th, $4,000 bales.