Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-12-19

York for mIddIlng, 2gsc. on TUESDAY the
excitement continued unabAted up to noon ,ad-
vancing at the opening at &c, and at u H.. TO
Dssc for middling. WHISTLER this advance was
carried on by the "bulls" and "bears" is ques-
toned. Tit advance was anticipated, IL was
not a surprise, and we have yet to be con
WINGED that the advance was caused by opera
tons alone. Us we have said frequently, We
believe the light receipts, which have been
followed up from day 10 day-neaching, in all,
q dehcit Of some &A,s6S bales since September
LIST was the cause alone Of the advance. The.
excitement after cotton began TO advance, mol
DOUBT, was caused by these precious fellows,
and the advance was carried on at too great a
speed TO be wholly permanent; and so, to-day
about noon II reached the top, and tumbled
from 3J5s TO 11sc. But, in the face Of this,
Liverpool advanced on uplands I'd, and on
Orleans a partial I'd, closing strong the last
New Orleans reached ac for middllng The
advance in Liverpool OVerDalanced the de-
cline in New York, and, in fact, We have
greater confidence in the market from the
general outlook than we did al the close last
evening, and should Liverpool hold up, New
YORK will recover even this decline. There
was some little surprise on receiving the net
receipts for the day at all the ports, they be-
ing larger than for any one day Ofthe season
E,S48 bales. This probably has had more 10
do with The decline than anything else, but IL
viii take several days like this 10 bring re-
ceipts up 10 the number reached t1is time last
year. In this MARKET under the ex-
TO strict middnng brought 2Oc. ON
WEDNESDAY the market was anything
out SATISFACTORY 10 elmer buyer OF seller. Fac
tons were not willing TO make concessions,
aud buyers were unwilling TO pay full prices
as quoted hence there were only 1000 bales
sold for The day, and these sales were made,
except about $50 bales, north OF Union street.
The market was OF from : TO &c from yester-
day. The advance, which came TO a dead halt
yesterday, at noon, caused principally by the
very large receipts for that day extended up
to this morning. The first dispatch from
New York quoted middling Oc, second, lgHc,
and from this point the market began 10 m
prove, coming in at l pm. at Ac,
and closing at a1SO, an &c higher han closed
Monday. Many Of ouF principal factors we're
holding od, having perfect confidence in the
staple as the heavy receipts yesterday was
only spasmOdic. II viii be seen thai the re-
same numbe Of days last week 40 bales, and
viii not exceed for this seven days lli,00
bales. Last year, the comparative week was
sPm9 abo3f 4S SSS5 bales 5SlleO on Saio sfnS19
there was a decided Improvement In the
market, Notwithstanding the fluctuations
ed 70 $50 bales,On a basis Of lgLal9Sc for mid
ding. New York behaved about the same as
yesterday, though not TO the same extent, The
market yesterday closed in New York at A1Sc;
opened this morning at the same, and at IL
am. reported a "fair demand, unofficial"
20Ac, and confirmed at noon, closing, how
ever, at 20Lzc, al &c or. In Liverpool there
was "A decided advance, Opening active and
firm" upiands, l09l01sd; Orleans, lGSGl0Md;
al y nj. active and nrmer, and closing
q shade weaker. with an I'd on on both up
lands and Orleans. In the morning here sales
were made with ease, and buyers were more
willing 10 pay prices but after the later news
was received caution WIS again resorted 20,
aud but few trsnsactiOns we're made. The
market. we have 10 remark is, In lew York,
precisely where IL was at the close on Monday,
and In Liverpool "a better, so the general
outlook remains fair and promising, and the
nuetustion caused in the middle OF the day
Market out on FR sH5lI 4Soss naskst mot
least &c on all bat The brightest cot
held at faiI igures. The downward course in
New York caused the dull market here, and
buyers, except two or three, were not In the
markell They were not even round TO see
What could be SEEN The New York market
opened. "unohicial, ~ 2c for middling; at y
M, -oaieial .29o, a closed a lszsc q Nc od
fore, Liverpool was quiet and unchanged.
ZINC net receipts 81 ali the ports which seem 70
excite the greatest interest, and upon which
quotations are principally based, have
B Bsfss. ~ This S IS ss1ae SS bales in az
claimsd, Thai the net receipts Al all the ports
have been th~esoauss Of the fluctuations and
the dec Inc Of 70 day, We must take Into
Fs4t, that the weather the past week mas
been fair and beautiful, aiOrding q favorable
opportunity for shipping and transporting
higher than ion years st this time of the sea-
con, a1d. lsstY, tls holidays are upon as.
Taking these Into cQastderauon, y Is reason
Il luis ~ hApE0Hla y a1h
that receipts would be In excess OF tho
week previous, WHEN snOH, severe cold
weather, rain and mad ruled suprame. At
this port, up 70 his GATE. the receipts are
short shout u ~ bales. and short for
| The week, 1872 bales. fhs net receipts up TO
\ date at al the ports, Is comPsFed with last
year al this date, show 6 deficit u about $500
bales. As We view the situation, we oanhot
see any -permRneReyi in the decline, based
upon rsoeipts;. and 80 long ae The active de-
mand confines, on light receipts, couTDara-
/ lively, 50 long VIII cotton rule IA o
/ high figure. On SATURDAY there was
no Improvement in the market from
| h day before, opening and closing both IN
| New York and Liverpool, the anne as on the
| evening before. The demand was very Light
and the sales, which amounted 70 about IO0l
bales, were mostly made on concessions, based
On Igkc for middling. Truly ,1he market was
less Interesting than 1t has been at any time
since the season opened, but Notwithstanding
this depression, the factors are connden thai
the tide will turn In their isvor Buy
ers on the other hand show but lii
tie disposition 70 purchase. To-day
-MONDAI-We found the Market from
he opening up TO 3 O'Clock pm. de
pressed, and in some infeRnces factors dis
posed 10 give way andsell u prices lower thai