Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-06-21
COTTON.

Inc week Wnich closed to-day was one
of contest between the bulls and bears
between those who believe in a more than
average crop to come, and those ghO be-
lieve that the combined effects of the
weather and uncomfortable labor viii
nave The effect to prevent the total bales
Of lS7O-7I reaching much if any beyond
those of ls69-7O. At the close of the week
ending June l3, we quoted the market
undecided, and MiddIngs at 2OAc. On
Tuesday the market opened very quiet,
holders asking 2Ic and buyers c%onceding
2Oh@2aZc for Middlings. Outside prices
we're hard to realize, and were only OBJ
tainable on cottons a shade above cfssii-
cation. On Wednesday both the view
York and Liverpool markets went tum-
bling, and the consequence here was a de-
cline Of &c upon the prices of Tuesday.
But even this was not conceded by the
bears, who were not Out in any consider
able numbers. After helping to make a
day Of feVerish anxiety to bulls, they con
tented themselves with a few small lots
of the lower grades. on a basis of zoe for
Middlings, which was q decline from
Tuesday OF fully &c. Thursdays Liver
pool dispatches were very encouraging.
They told of a firm market, snATprices a
shade better. New York did not respond
to this feeling-that market being re-
ported by telegraph on that day as duh
and nominal. New Orleans did, however,
feel the effects of these Liverpool advices,
and the consequence wss that that market
was far and prices firm. Here the mar
ket oscillated between New York and
Liverpool. Buyers were governed by the
former and sellers by the latter; tHSOH
sequence was few sales were made, but at
prices a shade better than the day pre-
vious-Middlings being quoted at 200
2Ol<c. The Liverpool market on Friday
was quiet, bat without change in price,
Notwithstanding the stock of American
had increased 81 1000 bales, and the re-
oeipls of the week from all quarters were
double those Of the previous week. The
/ New York market on the same day was
very limp, tsndingdOwnward, lower, dull,
quiet and weak. Such were the terms
employed by telegraph. The effect Of a
repetition of this news was not very en-
couraging in Memphis. Buyers and sell
Iers were more unsettled than ever; there
were therefore no sales worth mention
ing, prices remaining as on the day be-
fore-Middlings, 2O@2OKe. On Saturday,
to use a nautical phrase, both parties
" hauled of, f" agreeing to wait develop
- hlek ha1gausnH fhaunga1vaa rfnhI
and each eOnceding the possibility, as the
immortal j. N" used to sayrthat bOth
were right from their several s~tandpoints.
Buyers were sanguine that lover prices
must shortly come, and sellers were
equally sanguins that any change must be
a change for the better. Middlings were
quoted nominaIly at 20c. To-day Mon
dayl. operations we're confined to about
100 bales, of which so bales Middlings sold
at 2uc, and % bales Low Middhngs sold at
100. There was, we may say, but one
buyer upon the market to-day, and the
inquiry was speculative only, as no
orders are held which can be fIled at
present prices. We quote the market
duu AID nominal as follows: Strict Mid
N-[hings, 2OL@2Okc; Middlings, 2Oc;
Tow Middlings, 1885, Good Ordinary, ia
@lsc.
The receipts for the week foot up 1883
bales, against 1889 bales received last
week, GO bales received for the same
week last year, and 80 bales for the same
week in 1865. The receipts to date are
| SO s7S bales in excess Of the entire re-
| ceipts Of last season.
COTTON STATEMENT.
CHAMBRR OF COMMKRoE,l
MEMPHIS. June 20, 1870.
stock, Sept. 1, 1853. .....~.... 81
Reed since last statement. 81
Received previously.~".-..2S 4, 044-2S4,57l
2s4,665
shipped since last sta'm'nt $50
shipped previously.~--.~.27l,4s7-272 10
stock at noon this day.. l2,4sB
Memphis and Charleston r. r.. 6s
Mississippi and Tennessee r. R.-...-.. %
Memphis and Ohio R.R--~~--.."".. SO
I Stsamers........ Szl
Wagons, 81
Memphis and Ohio r. R-..--~.-..... ls9
/ Steamers North oOu
II IN NEW YORK.
NKw YORK, June 20, l0:25 a.mSCot-
ton quiet; Ordinary, lie; Good Ordinary,
isAe: Low Middiings, 2O4c; OPlanes,
2f5Ss; Good Middlings, 2Ae; Mobile,
2i5sc; Orleans, 2lAc.
II m.-OottOn quiet but steady; June,
2Oc; July, 1870.
2:l5 p.m-CottOn dull and unchanged.
Sales on spot, 500 bales, and $500 for Au-
gust at i9%4I9zc; september, lsAe;
others unchanged.
A p.m.-Cotfon dull and unchanged.
Sales for export, 800 bales; spinning, 800
speculation, $50, and 200 for July at l9N9
zoe; September, I9c; others unchanged.
COTTON IN NEW ORLEANS.