Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-25
Cotton in New Orleans.
TRADE.

The prospects for the week are nattering 10
the business OF the city and county. Since the
rain the weather has cleared of warm and
pleasant, creating an activity and stimulating
business men 70 further eNertlOns In their
particular line o. trade. The county is con-
stanLly well represented, and the daily pur-
chaseS at and shipments from this market sre
very large and profits are satisfactory. The
sto' X in Memphis Is large and adequate TO all
demands, and prices will compare fayOrnhly
with Eastern markets. Our merchants be-
lieye in small profits and quick sales. The
general feeling In the grocery market is firm,
nearly every article remaining steady from
day 10 day without any marked change.
There Is one feature in our market that Is
worthy of notice. should flour advance or de-
cline In 81. Louis to-day, the decline or ad-
vance is not felt here; and should
Il be an advance, before 10 IS felt here
the market there is apt 10 recede; in a word,
fluctuations are not so frequent, and prices
generally rule more even than In upper mar
kets. For instance bacon in Cincinnati ad-
vanced Monday &c from telegraphic quota
tons Of Saturday, but this morning in this
market there Is no change, only Il little hrmer.
Clear sides 9 TO &c; shoulders, 7A to SIC;
clear rib, mess pork and sugar cured hams
unchanged. In flour there Is 40 chapge. There
IS q good demand for choice brands at 6 81 TO
s. 6f lower grades are in better supply, and
the feeling nom above has a tendency TO
weaken prices on these, but NAV recover in a
day or two, The prospects are not iattering
for an actual decline on -four, but We do not
anticipate a greater advance. FreightsRr Ire un-
steady and will lower should the river rise.
The coffee market Is still excited, and from
day to day IL is hard TO keep track of it; los
sacks of prime sold this morning at 23ko In
currency. We have had occasion 70 speak OF
the advance In eonee almost daily, nj II has
been impossible to give exact quotations, and
as there Is considerable feeling we give below
some facts and figures that will prove OF inter
est and Of value. Without doubt the coffee
marke is under control Of the selling interest
at this time, more so than for years, and the
consequence is higher prices, not, however,
without q cause From the best reports we
can gather from the various Countries of pro-
duouon, the probabilities are that the crops
win be exceedingly short; in fact there have
been hints in some quarter Of a cofee famine,
but hardly warranted as yet. True Brazils
have become reduced TO a very small stock in
IN first hands along the entire systematically
about 5000 bags and this has been mostly with
drawn During the past week or ten days, at
various ports there has been considerable
movement, anu 10 aoditlon 70 the regular
trade, quite q large speculative demand, with
cargOes changing hands overland over again,
always at a profit and prices reaching the
hlsnssL puint yes pt Snl wa these iaets
in our wi market Here are the latest reports
nom Rio Janeiro. The Rio elegram OF
lows, compared TO the same date, 1870;
Sales for u. s. 20 mile bags against ca in 1870
Shipment--,.-57 do do so do
l Ltasains--6 DO DO o Z do
Quotatis, I. $3.50 do rs $500 do
E1ehange-2g4d do US do
aaoat for o. 3. IS mile BIS do 2l<d do
Stock OF other kinds at New York, GOO bags
The American consumption last year dur
Ing the three remaining months, Of all kinds,
was 81 mile tors, and our imports were 50.
Our consumption thus lar this year has been
Il0O0 tons per month, and the requirements OF
Chicago and the West are such this week and
OF a nature 80 pressing that a further material
rise hiss taken place, the nature OF the business
being more a gOODlng character, and 50 irreg-
ular and excited, that the sales actually TAX
Ing place are with difficulty traceable rs re-
CARDS the prices really made. quotation of
good cargo Rio to-day, l6kc gold in bond,
ag9inst ll54e a year ago.
The question arises whether we can expect
enough 70 cary us to the end OF the year With
out further material Improvement. Europe,
which came into the new year with an IS mile
stock OF all kinds, against I28 In 1870, and l02 in
1858, and which has run down already II mile
tons IN the single month Of September, TO sup
ply It's own consumption, cannot spare Us
much, in view Of a deficit estimated al zO mile
tons IN the Brazils, 20 in Java and 10 in Ceylon.
which, II confirmed, would cause stocks there
to run a~larmtngly low, since at least % mile
tons per month viii be required to supply
currant wants TIL the close OF the year,
The only safeguard against a further serious
depreciation In value would, therefore. be me
lateness Of the season, the probably full sup.
ply now in the hands Of retailers a consam-