Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-06-07

and prices 20 higher; Middings, 1eAS
2p.m-Cotton active and tending up
ward. Middlings, lShc. Sales 6OOO
bales.
COTTON IN LIVERPOOL
LIVERPOOL. June 6, IL a.m-Cotton
arm, Middling Uplands, $50; Mloollhs
| Orleans. SID; arrivals dearer.
Lao m-COtton firm. Sales viii Fedch
| 1900 bales. Middling UptanGs heatLy
s SLED; Orleans, SID. Arrivals arc very
8 Emotion aotive and prices TN
changed.
CoTrou PROSPECTS STATISTICS
Messrs. Norton, Slaughter q Co, IN
! their circular Of the lsJ lust, referring ~
the crop prospects, otc.i say ~ VIZ &c
| seen that st last the Stocks IN tui9 -
try. as far as counted 10 Jho BotlI aHN -
tsyior towns. are now reduced below inc
ouantitv in sight at the same daJ9 1851
11ear. INT al the same glance It WIl also
IL Doticed chat the total visible supply IN
foreign and home ports and at sea is over
baIf q million bales in excess OF q year
ago. This is the present actuaI situaIlOH
| as regards supplies. The prospective sl1-
uation is another and a inherent LhLlg'
/ and can onlv be Swallowed forth IN asJeIe-
n ami of facts now existing, and c0nsld-
erad in connection with probable results
NOT vet developed. And hrsg ia respect
of the growing crop. It must be reneh-
bsre5 that oftentimes cotton planted as
Iata IN the season IS June, under favorable
weather and a late autumn yielded as
largely as much earlier planting II IS
therefore, yet too early IN n season.
to base any decided calculations On sno
growing crop, as far as future values sr6
concerned. Secondly, of supplies from
other countries: Our advtc6s from lnOla,
upOu the whole, are adverse to large, or
even average impOrtattOns from Jhat
~countrv. The estimates made in England
early in the month, anticipated a large
falling OF for the month IN shipments
from Bombay TO Europe from the same
month last yeRr, being l6b,OuO bales,
AGAINST 30 O60 bales. These estimates
have not been materially changed since,
so far as We are advised. From Egypt
and Brazil We have no reports worth not
ING. but assuming no change in the prob
able supplies from these countries
their status is OF but small conse-
uueuce, India being the only point
which can AFFECT the market TO
anv avteut. Thirdly, Of the English
demand and consumption: Manchester
has, during The entire season, thus lar,
been in generally good condition and lib
orally supplied with remunerallng con-
tracts for goods, and although some ap-
n~rebeDsiOns have lately been felt 10 Ion
don Of q curtsilmeut in the spinning
demand in that quarter consequent upon
| q running out of many Of these contracts
during the present month, and a dullsr
market predicted in Liverpool, especially
ip anticipation Of an increase in the rate
/ Of interest by the Bank of England as the
summer opens, these appreh6nslons are
now partially removed. Manchester is
still working largely, and the rate OF
| interest viii likely remain at us pres
emit low standard. The consumption
of cotton at Liverpool Keeps up TO
It's high weekly average OF 5S,OO0 bales
| and though the stocks IN that marker re-
main very large, there seems TO be no
/ fears entertained that they will further
| increase beyond the ability OF holders 70
carry them with convenience and ease.
/ Tbus Liverpool has been able TO maintain
a steady and generally hIm market, aided
in some measure, no doubt by reports
/ from this side, Of lesser planting, ana the
| late uutaVOr8bl8 crop prospects. OF the
| 13O 2a2 bales of cotton exported from
his country to the Continent dur
ing the month, more b One-htth,
] or nearly $1,000 bales, went to France, OF
| over twice as much as was exported TO
| that country in April. The sales of spot
| cotton Tor the month in this market nave
been considerably larger than Tor Aprlli
| while the gross receipts at this port have
been considerably less, thus reducing our
| stocks from so. 900 bales on the LIST OF May
I To AZ 900 bales at this date. The increased
business in contracts for future delivery
| has been even more marked, the shor'
sales of the month. as viii be noticed
footing IN owe S44, 900 bales, OF double
| those Of April. This leads US to consider
the causes of the late sharp advsnce II
prices, both in spots and futures. In the
first place, q fresh spirit of speculation
sprang I'D early in themOnth, tOsJered ano
| strengthened by the unfsvorable crop re-
ports. and the rapid reduction OF stocks IL
the ports. and especially In the interior
towns, and prices being evidently on tne
| rise, holders generally become more and
more disposed to withhold their already
reduced stocks from the market, and the
fact that we now have less cotton IN TINS
country than we had a year ago, has KEEP
prices in q hardening condition.
In conclusion, we must remind Oui
| friends that the low grades OF cotton q
! not pRrtaken Of the late improvement any
| thing like in proportion 10 the better
/ grades, Nothing below Good Ordinary
! has been in demand, for the reason that
/ such low cottous are neither wanted 10y
| spiuners OF exporters (they being cheaper
In Liverpool than herel and are not good
enough to deliver on contracts, nothing
| under Good Ordinary being takeno on sucf
deliveries.
MOVEMENTS or COTTON AT INTERIoI
POINTS.
Below we give the movements of cotton
at the interior ports, receipts and ship.
msn-s for the week, and stock, and fol