Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-01-31
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL,
MEMPHIs, January 30, 1871.

commencing on Tuesday last, has bsen
without any particular change in any
branch Of business. Prices are station
arv, with light demand. The dizziness
which has been so dissstrOusly felt in the
Northwest hss csst its shadow here
abouts. and except the merchants who
advertise literally in the APPEAL, all
have been gloomy and dOwncast, How
ever. now that Paris has cspitulsted, and
there is q cessation Of hostiIities, with 8
prospect of lasting peace, it is reasonably
expected that the clouds that lower DER
our house viii shortly be buried in the
deep ocean Of the past. We say it is ex-
psctsd, Tor as vet we have had no earnest
OF it. Our markets hsv not responded
to the good news as quickly, in the way
or to the extent we hoped for. Perhaps
Il is best so. The change, when it comes, /
will be the more profitable thst It is of
SLOW growth, based upon a demand equal
to the wants and means Of payment Of
impoverished Europe. On TUESDAY
the cotton market was fairly ~active, /
and the extent Of Mondays advance was
maintained. Fins grades were held firm
8v, while sellers were disposed to make
concessions on low grades. Buyers were
cautious, however, and only invested
where they could secure desirable lots.
The principal purchases we're on Eastern
account, as was the case on the day pre-
vious. Ssles were 225O bales, including
Ordinary at I2jzc; Good Ordinary, I3Zc; /
Strict Good Ordinary, 1870; Low Mid
dlings, l4c, with an exceptional sale at
re less; Strict Low Middlings, 14J59l4Lc;
|RIiddHugs, I41C, with small lots reported
at Il3Ec and l4<c for Strict Middlings.
Ga "WEDNESDAY owing to theinclement
weather and a limited inquiry, the market
was inactive and prices somewhat easier,
though not quotably lower. Liverpool
aivicss up to Tuesday evening, noticed q
frmer feeling i'm that market, and New
York was stronger, which had the effect
10 stifen the views Of sellers to a limited
exteut-nOt enough, however, to cause an
sfvsnce in their prices. Sales we're 1925
bales. including Ordinary, At l2HS l2Zc,
Good Ordinary at l3lsgI3Ic; Low Mid
ding at l4e and Middling at l4Lc. Some
Strict to Good MiddIing was purchased
at I4ZcGl5c. The principal demand was
On Eastern account, exporters not being
10 the market at the ruling prices. They,
however, took advantage Of the limited
demand 20 try the market for Low Mid
ding at 1890. but failed TO make pur- A.,
chases Of anything but pickup lots.
On THURSDAY, in the absence Of ]
tslegrspbic advlces, holders were firm
and asked higher prices on all
grades, but failed TO realize to any
extent until late in the day, when
Eastern sdYicss reported 80 advance and
q strong market at New York. Buyers
did not seem disposed to invest early In
the day and only purchased whore desir-
able lots were obtained. Later, however,
o brisk demand arose and the prices
asked in the morning we're freely given.
sslos Of Strict Good Ordinary were re-
ported as high as l37sc; Low Middlings
sold early in the day at lie, but subse-
gusntly l4lsc and l4Lc was realized OF
even running lists Middlings were ]
purchased at l4Jzo Ia the morning, but
later Ia the day 1870 was obtained; some
few bales Of Strict Middlings changed J
hands a. Ice. Sales were 1850 bales. On {
FRIDAY the market was firm, with an 4
active demand for Eastern account. spec- {
ulation and a fair Inquiry from exporters.
Sellers were, with a few exceptions, will
ing 20 realize at the ruling prices, while
held for still higher rates, believing
that q rapid advance would follow the
Of Paris, which event was re-
ported upon the street several times dur
ing the day. The demand was lively /
throughout the day, but toward evening =
II fell cd, Ia consequences Of a telegram 4
announcing the New York market
weak. Sales we're 1900 bales, including :
Ordinary at l2Lci Good Ordinary, l8l@ i
l5Eci Strict Cool Ordinary, I3c; Low q
Kidding, l45sgl4Lc; Middling, l4Hc. On J
SATURDAY the market was Inactive and !
dropping. Buyers were afraid to I
and seemed more disposed TO sell
purchase. One, however, went in !
. the extent Of go bales ct l4T9I4Zc y
for Strict Low MiddlIng, but outside OF Z
his the principal business was In small ,
lots. Ordinary and Good Ordinary we're
neglected. Sales were 2lOJ bales, inolu- j
ding 100 bought lato on Friday and not q
On MONDAY there was a :
Of b~u0yancy among 'hold8rs, " :
.-h0 were cup in the pictures, " and held !
Tor an advance, which did not come. 6
BUYERS were willing TO concede current 7
rates, but sellers would not take such !
They want all the advantages like
to accrue from peace in Europe. The :
Of cotton to Memphis this year, y
compared with the same time last, is r
l5O,47I bales. Up to the Goth Of January G
Of 1870, our receipts were I7f 100 bales, l
and up 10 the 8Oth inst, 82i, Osl bales. :
The statistical position Of the Memphis