Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-11-07
Cotton.

II u gratifying to be able to state that our
receipts OF cotton continue 70 be an assuring
increase upon those OF last year; they are o.
qs bales, as compared with $3.50 lest year; but
prices have declined n cent since our last re-
View, and the week closes upon a dull and
heavy market leaving sellers rather despOnd-
emit, We see no legitimate Occas on for such a
state OF things. II hHs been satisfactorily de-
moDstrsted that the crop VIII fall short OF that
OF LIST year tully l,0Ol,OO bales, while there Is
no likelihood Of a elimination In the demand
The increased activity upon the continent OF
Europe, consequent apo the REIMBURSEMENT OF
French and German industries, so seriously
disturbed during the late war, IS telling IN our
favor. This decline is due 20 the " bearing }"
operations oflhe gamblers who, unfortunately
for the producer, are permitted by those legitl-
mateiy engaged IN cotton 10 WELD an iufiu-
ence they are not entitled 10. II IS 10 them,
and not TO any prospect OF supply equal TO the
demand that we owe the dependency and
gloom that peryades our cotton circles Asst
Is, the price Today is nearly two cents better
than az the same time last year, being as IN
10 l5zc last year, and our shipments are in
proportion 70 our receipts showing that Menu
phis rs q market, Affords unparalleled induce
mems 10 planters for quick sales and prompt
returns. The course Of the market during the
week Was as follows; On TUESDAY we IT,
ported that sales were largely In excess OF any
day this season, being 4500 bales. The market
opened in New York at 10 Am quiet with mid
diings at 1870, and in thirty minutes the mar
ket took q regular upper tumble. coming N
"strong," with an advance OF &c; ThlSwtth a
> rong market and an advance In Liverpool,
made the market strong here, and buyers were
out buying lively. and In some cases sweeping
tables. sellers had their prices set, and when
offered sold, hence the large sales. middlings,
i7sk 70 l5zc. On WEDNESDAY the mar
keI was not 20 animated, sales amounting
NJ. bnSers nued out their lists and were out OF
the mPrket to-day altogether this, with the
decline OF 70 in New York, gives q q satlsfac-
tory reason why sales were not so large as on
Tussdmy. The market declined &c In
Liverpool the market was steady and un-
changed. sales for the a LEO bales, 1000 for
export and speculation. Orleans not below
good ordinary for November and December
Khipments- 3 ll-l6. In consequence OF to-day
being holiday in London there were no quota
tons from Liverpool. Middling, I4Nsc- On
THTRSDAY the msrket was extremely dull,
lEQ bales changed hands, middiing, Ttsc. The
msrket In New York was dull and heavy,
market closed steady, with uplands 5Hd and
Orleans I'D sales, l5tgO bales. ON FRIDAY
| sales were 100 bales No animation ia the
! Market too unsettled for quotations. Oh
| SATURDAY sales amounted 10 1870 bales. Tht
| market wPs dull, weak and 70 lower than yes.
terday. Transactions were only effected on
| ever, feeling cOnhdeut that cotton will ad'
| vance, while buyers are Of the opposite opin'
ion. Several factors were entirely out OF tn
/ In New York the market opened weak ant
| closed nominal. with sales OF l4,iU bales IN,
Liverpool market opened weak and close
| heavy. with sales for the day OF SOoObales; up
| lands. HSd; Orleans, g3Sd. On MONDAY to-day
sales were 2Z0. Tit market opened on Satur
Il davis quotations, ml0ullnNS al lf4c- AT u
| o'eiocE a New York dispatch brought the newt
| of an &c advance, middling strong at lsHc
| This gave the market here q better tone, ant
while Il was scarcely aeknowledgedt hat oet
| Ter prlceS were reeliZed, We noticed, as the re
| nor will show. the greater part OF mlddlin
| eotfoa reported 10 Us OF saturday at HHc, VI
conId aud none OF that class sold for less thar
| fSSIe to-day. and toward evening l7%e Wa'
,asiixed. ana va think II safe 10 venture tn
morket here strong, with middlipg al I4ZZc
| There seems 10 be o very plausible reason 10
| ms and ths Is the receipts as telegraphfu
rom an the United States ports iT the las
| three DAYS corresponding with the receipts q
| inc same time last week. show a decrease Q
i several thousand bales. several mctol
] withdrev entirely from the marke
ID anticipation Of better prices to-morroW
Among the sales to-day were the fonoWln
90 good ordinary to low micoilng, Ioe .
bright mlddllug, E1zc; p good Culinary lohe
IS shy middling, E1{c % low m.ddling, IIci !
low mtddiing, nc; - strict good o le
IS middling, F7Zc; IS low m ddling, ! G. % ios
middling, l7ei s mlddl,ng, EHc; 10 strict goo
ordinary, Hei 70 middling, l5zse; - strict mid
ding, E54c 60 low middifng, H1s:2D middling
i7kc; 40 low middiing, lie; 30 strict low mid
ding, nhci 81 good ordinary, lGzc; 81 stric
mlddting, IzeiD middling, I7%c; 81 middling
l l7xp. "a strict low middling, IzZc: y low mid
dline. I7c; no low middliug. fTIc: Is STRIFE
middifne, l6c ~ strict good ordi1ary. nc.
middiing, E1Sc; 70 low middling, &c Il
hdght middiing, IKE; IL strict goo.
ordinarY. zee; 2 strict middling, I7s<c
DnrIng the forenoon the market ruled at III
inside agure, but closed steady at the Outsid
igures. as given In quotations below:
nooa n-at,a- GZa-