Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-07-18
FINANCE AND TRACE.
OFFIOR OF THE DAILY APPEAL,
MEMPHIS, July II, 1871
AnutnnT

MEMPHIS, July ~ 1911
COTTON.
We review the cotton market for
the past week. On MONDAY the
market was dull and inactive,
with few buyers and little Of
fering, except small outside lots.
The slight decline and inactivity
which prevailed in the New York
market tended to depress the mar
ket here and in consequence
prices were nominal and unsettled.
A few factors opened out there lists
but in most cases held for prices
which buyers were unwilling to
give. Sales for the day foot up
about $50 bales, 100 of which was
purchased by a representative of an
Eastern factory. Middling, 194c. On
TUESDAY the market here, under
the depression of the New York
and Liverpool markets, opened
dull and heavy, with prices
weak and nominal. There were
few buyers on the market, and
throughout the day the market was
duh and inactive, with sales of a linn
tied character. Sales for the day will
not foot up owe one hundred bales,
which consisted of small outside lots
which were forced on the market.
Middling, 20@204c. On WEDNESDAY,
the Liverpool market opened firm
to-day and closed quiet, with sales of
1900 bales at 9ga94c for Uplands and
9sa9Rc for Orleans. New York opened
dull and during the morning declined
&c on all grades, closing dull. The de-
mand on speculative account here
was less active and but one or two
buyers on Eastern account were in the
market. Factors were not disposed
to accept prices offered by buyers, who
demanded concessions equal TO and i'm
some instances greater than the de-
cline in New York, hence the sales
were small, footing up but DDS bales.
Middling, 2O4c. On THURSDAY
the market was quiet, with prices
firm. The stiffness of prices and
favorable news from the Liver
pool and New York markets in
tiuenced the market here, and in con-
sequence holders were holding their
lists firm and asking a slight advance.
Buyers were shy of the market and
unwilling TO cOncede to the prices
asked. The market throughout the
day was dull, with prices firm and
Sales were light and only
comprise a few small outside lots.
Middling, bic. On FRIDAY the
market was quiet aud inactive,
with prices dull and heavy, and Ic
lower than the previous day. During
the morning there was some inquiry,
but holders were asking prices which
were unwilling TO give. In
some few cases buyers conceded to
holders prices, in order to fill their
lists. Lower grades were mostly ia
demand, with fair offerings. Mid.
205c. To-day (MONDAY the
market opened dull, prices nominal
and unsettled. Notwithstanding the
dizziness which prevailed in the New
York and Liverpool markets and
light sales, holders were holding at
prices far above buyers views and
not anxious to realize at buyers
There was very little doing
throughout the day. During the
morning there was some inquiry, but
transactions. In some cases con-
SESSIONS were made in order to fill a
eW orders. We learned of the follow
.ng sales: IL bales Strict Good Ordi-
nary at 174c, p do at lie, 10 Ordinary
It I4le, 8 do at l5c, and Is do at I42c,
2 Middling at 1890, 10 clean Stained
1t 174c, 8 Middling at 1870. A few
Of Ordinary changed hands in
he evening at 143 The New York
opened and closed dull, with
sales Of 80 bales Middling at 205c.
The Liverpool market ruled quiet;
sales, 10000 bales; Uplands, 81: Or
.eans, 95s9}c. Here the market closed
quiet, with holders asking the follow
,,,sa4i,ng. /