Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-05-24
$50 Bonds oflss7,
COTTON.

COTTON.
New York opened quiet at Ice for Md.
ding and later in tie day grew steady
with q slight increase in the demand from
I May "shorts," sndlster It advanced &c on
all grades, closing strong. Liverpool
opened dun, but closed steady and a frac-
ton better in prices. New Orleans opened
quiet and closed steady at l55Ec.
As was the case yesterday. buyers were
in something Of q hurry for breakfast this
morning, and not a few were out before
sellers had arranged their sample. sAmong
the purchasers spinners and exporters
were the leading characters, spectators
having obtained about all they de-
sired. They we're noticed, however, early
IN the day, but withdrew upon The first
intelligence OF a prospect Of an advance.
Sellers were Indifferent, one or two with
drawing from the market In the morning
to again return later in the day, when the
demand was more active and prices bet
ter. sales were 975 bales including sew
eral medium lists; one of l2O bales Strict
Low Middliug az 1870; blow Middhng,
l4Tc; q strict Ordinary, l2Xci - Or
binary, lie: IS do, llHc; so Good Ordina-
~, 13kc; a do, I4c; 9 do, l3c; 2I do, BE;
8 do, l3Lc; 70 Strict Good Ordinary, l3Zc;
u do, lac; 80 do, l3MMl31sc; Low Mid
ding, l4Zc; Is do, l4Hc; Is do, l425; 9 do,
l4%c; 10 Clean stained, l3c; 9 Strict
200 average Low Middling, I4%c; SO ave-
rage MiddIing, l5c; 46 do, 15C; Is
Middling to Good Middling, l52c; Il
barely MiddIing, l5kc; Is Good MiddIing,
Ice; and IA erOus pickup lots at prices
ranging fully as much on same grades as
those given above, Several buyers WereOut
until late prospecting for tO-mOrrow's
operations, when, IL there is sufficient cot
ton upon The market, an active market is
anticipated by all. Receipts were 737;
shipments, $50; and stock. 1890 bales.
We take the following decision in the
case OF Tweed rs. Flanders, agent Of the
United States Treasury, from a New Or
leans exchange. IL may serve as a prece-
dent to other similar cases now pending,
and is of interest to those who had deal
iDgs with the Treasury Agents in 1865 and
1866: The petition Of JOhn P Tweed vs..
Benjamin r. Flanders was closed yesger-
day, the jury giving a verdict in favor OF
plaintiff, after reviewing the case as fol-
lows: The petition Of John P. Tweed
shows that petitioner iH a citizen Of the
State Of Ohio; that Benjamin Z. Flanders,
who Is a citizen Of the STATE Of Louisiana,
is justly indebted to petitioner in the sum
of $4,000 for this, TO wit: On OF about the
9th OF March, 1865, petitioner was owner
IA 70 AAA IA ~|ANaLH A@aA DlaAE AZ ~
city Of New Orleans; that ct said
time said Benjamin F. Flanders,
Deputy General Agent Of the Treas
urV Department of the United
States, unlawfully seized snd to,k
said cotton into his possession and uDlsW-
fully detained the same until the 18th Of
May OF said year, when petitioner, under
and by virtue OF two several writs of Sc
QuesJrstiOn in two suits instituted ia this
honorable court, wherein petitioner is
plaintiff and the said Flanders defendant,
obtained possession Of said cotton; that
in MS petition in each OF said suits to re-
cover possession OF said cotton, petitioner
expressly reserved the right to institute
SUITS 70 recover damages tor the seizure
and detention of the same; that during
said period-from March 8 to Nav 10
said FIsndar5 u~nlswfully Withheld from
petitioners possession said cotton, dur
ing which period she value Of said cotton
declined 10 the an unt OF $50 900; that in
consequences Cfssid unlawful detention of
said cotton petitioner was COM
PEELED TO psy, and did pay, inte.
rest 20 the amount Of $50, Insurance
20 the mount Of 500, aud storage
{ the mOun OF $1,000; b a by reason Of
said suits, which p5JItlOHer was compelled
to institute, and did institute. to recover
possession OF his cotton, and in the prose-
Of the same, petitioner was COM
PEELED to pay, and did pay, ~cOunssls' fees,
fees, and MsTshal's fees, to the
amount of $1,000; that while said
Flanders was WrOngfully in possession of
said cotton, ana was WrOngtully OBTAINING
the same from possession Of petitioner, be
caused hf5y bsles Of the same to be sent
the warehouses, wherein said fifty
balts were stored, snd 10 be rebalsd,
whereby said fifty bales were diminished
ia weight and value in the further sum OF
1900. The jury gives the verdict IS fol-
lows in favor Of damages for plaintiff:
For decline in cotton. .......S6 ,g94 35
For Insurance premiums-.-......... 100 90
For lawyers tees.--.-.. .----....-.... COCO 90
For stOrag6~----..-.....-............ 1000 90
Fer clerks and marshal's fees. l,iZ6 ID
SI5.zs0 AZ
legal interest from March q, 1865, to
late, on all the above items, except the
1ne tOr lswyers' fsea.
COTTON STATEMENT.
CHAMBER or CoMMERCE,1
MEMPHIS, May 3, 1871.
stock, September /, $50, $3.50
Reed since last statement 737
Received Previously~-- ass, s8S-S9,5 SIS
1873, So
Shipped since last stIment $50
prsviOusIy-.-..--. ass, 6lO-s4, s65
at noon today. $500
Imports.
Memphis and Charleston railroad. 10
Mississippi and Tennessee railroad l9
Memphis and Ohio railroad -..-..-....- =
.-.s..---.,,. .....-......... 555
Estimated per wagons. ................-.-. 50
Exports.
Memphis and Charleston railroad. l59
Memphis and Ohio railrOad.............. Z4S
Steamers north. .....-..- ........ .---...-..,.- AS
COTTON IN NEW YORK.
NEW YORK, May p, 10 a.m.-Cotton
opens quiet. Ordinary, 1870; Good Or
binary, l4c; Low Middliug, 15Ic; Mid
ding, l6c; Good Middling, I7c. Sales st
all United States ports yesterday, 5775
Receipts, 1885. Receipts here, 32l5,
II R.m-COttOn remains very quiet, and
quotations unchanged.
y motion steady. Sales spot, 800
bsles; futures, 100 bales,
l2:45.-COtt0n dull and steady. Sales
spot, 1900; futures, July, Is 9-l6c.
2p.m.-Cotton 6rmer. Sales spot, 1900;
futures, 25O0.
8:45 p N. -Cotton closed firm. Ordinary, /
l2c; Good Ordinary, I41sc; Low Mid
ding, l5Lc; Middling, l6Lc; Good Mid
ding, l7E. Sales to spinners, 99li eX-
port, 1920; speculation, lO3; transit, 400;
contracts, $500; May, 15hc; June, 1889;
July, l5Zc; September, l6c.
COTTON IN NEW ORLEANS.
NEW ORLEANS. May %, u:8O am-Cot-
ton quiet at l5ZGl55s. Sales, 500 balos.
2 pm Cotton is active 90 full prices,
l5Ec. Sales, 1000 bales.
COTTON IN LIVERPOOL.
LIVERPOOL, May p, 1O:15 a.m-Cotton
dull, but steady; sales estimated at Y 600
bales. Uplands, 77-l6d; Orleans, 7 ll-l6. |
pm-Cotton quiet but steady sales
bales. Uplands, 7597Hd; Or
leans, 7S@7Zd.
$3.50 p.m.-COtton easier. Sales for to-
day, Is, 1000 bales, of which 1000 we're for
lands, fully I'd MiddHng Orleans, fully
ia.
TRADE.
offerings on Change to-day were COM
posed Of -four, corn meal, bran and corn.
OF the latter some 400 sacks white shelleo
were held at 73c, without, however ind
ing a purchaser, the market being much
better supplied than it has been for sew
srsl days. Sales reported were 2OO0 bush
ear mixed IN bulk at &c, aud several
small lois from the lsvee a. 72Kc for white
shelled. In bran there we're sales OF 100
sacks at $50, which has been the ruling
for nearly a week. The supply, al
though small, is about equal tn the de-
mapd, ss Is the case with other articles Of
grain and feed. A small lot OF mixed
Oats was offered at CSC, but was not sold
TO the hour Of close Of Change. In