Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-08-24
New York mail adviees of the 18th quote
Southern stocks and bonds as follows:
COTTON.

The sad news of the sudden death of MI.
Z. p. Bowles shocked our community
very much this morning. Mr.. Bowles
deservedly stood high in business circles,
where he has enjoyed a reputation second
to that of no cotton buyer in the city, and
a pail seemed to hang over The usually
cheerful faces of his hundreds of business
friends, who have been in the habit of
meeting him on the market day after day
for years, and who mad learned 20 love
anu admire his social and business quail
ties. Very little business was done dur
ing the day by his i~ntiInates, who, in a
body, attended the funeral al 4 pm.
THE FIRST NEW BALE.
To-day, according to announcement,
the first bale of cotton of the season Of
1ST0-71, was sold at auction, in front of the
store of Robertson, Bruce 81 Co., Main
street, and attracted a considerable crowd
of cotton buyers. We yesterday gave a
history of the bale, and therefore will only
reiterate that it was raised on the planta-
ton of Messrs. Anderson a Watson, in
Coahoma county, Miss, and shipped to
the e~nteFprising arm of Robertson, Bruce
& Co., ofthis city, who offered a premium
of $3.50 for the first bale. The bidding to-
day was quite lively, as several gentle
men we're anxious to nave the honor of
purchasing h first bale" of the new
crop. II was finally knocked down to
Mr.. We @. Foster, one of our Oldest
cotton buyers, At SOC. Mr.. Foster has
bought thousands Of bales of the staple
during an active life of twenty years spent
upon our bluff; and in nus Becoming the
owner OF the (" first bsle,' he simply, we
presume, I" means business" during the
coming season. This bale was shipped,
via the Star Union fast freight line, to
Msssrg. Lehman Bros, of Pearl street,
New York, who are among b largest
cotton houses In that city, and as staunch
as any on this continent.
The other bale alluded to by us yester-
day as consigned to Thos. Il. Allen q Co.,
was sold in 'front.' of the Office of the firm
on Monroe street, and brought l3c. 1t
was Ordinary and quite damp, having
been bsled before drying out; and upon
being re-weighed to-day, We learn, did
not hold a 500 pounds.
Only few small sales were reported to-
day. Holders were very Arm, and offered
in a small way. Among the sales were 20
bales Clean Stained at lsXc; q Good Or
binary, Ice; 16 Low Middlings, lsAc, 20
Low Middiings (pOOr style), lSci % Mid
dlIngs (poor style) lS%c; and a few bales
lOf Middlings, Strict and Good Middlings,
at 10 to zoe. The market closed firm as
follows: Low Middlings, lSX@lSzc;
Middlings, l9@lSko; Strict and Good
Middlings, I9X020c. Orders. could not
4 DD AeAtc4 ~ A6tCGa AOh HAA-Ap5 AAp
not ia demand.
COTTON STATEMENT.
CHAMBER OF CoMMRRcR,l
MEMPHIS, August q, 1870.
Stock, Sept. 1, I869-....... 81
Reed since last statement. I02
keceiyed reyiously.,.".--2Ss,6S0-2S9,7 &
Saga8 289,ss
Shipped since last sta'm'nt. 80
shipped preViously-".-"-.H8, 7A-zo5,75O
Stock at noon this day-..... 4,O7s
ooTHoN IN NEW YORK. ds O..
NEW YORK, August %, 10:20 a. m.-
Cotton quiet but firm. Ordinary, 14c;
Good Ordinary, 16Zc; Low Middiings,
iSzc; Uplsnds, 1916; Good MiddIings,
2lZc; Mobile, zoe; Orleans, 20Zc.
IL m.-Cotton easier. Contracts made
for deliveryin August al lSH@lSxc, Sep
TENDER, l7xGl7%c, and in October at
16Ac. Ordinary, I4c; Good do, 161<c;
Low MiddIings, 1896; Uplands, 1870;
Good Middhngs 2ke; Mobile, 4Okci Or
2:l0 p.m-Cotton unchanged in every
respect. Sales OF spot soc bales; contracts
POO bales; for August at IS14c; Sep
tember, I71ze; October, Ike.
4 p.m@Cottcn quiet and weak. Sales
for spinning, 900 bales; speculation, 80;
contracts, $500.
COTTON n LIVERPOOL. u
LTvERPooL, August %, IL a,m.-Cotton
quiet but steady. Sales, 10000 bales.
Uplands, 9kd; Orleans, 9Ad.
$3.50 p.m.@Cotton quiet. Sales 5000
bales. Uplands, 9k@9kd; Orleans, 9N
4 @95sd. y
5 p.m.-cotton dull 9 Sales 5000 bales,
Of which 20e0 bales were for export and
speculation. Uplands, 9hd; Orleans,
ed.
shipments from Bombay since last re-
port to the I'D, 1900 bales. 9