Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-06-20
FINANCE AND TRADE.
OFFId OF TIE DAILY APPEAL
MEMPHIS, June Is, 1871.
THE WEEK

09s RGAAe - = 10y VI WV NAA "bAO VII
ling sellers at yesterdays rates, which
buyers gave readily. Sales were b25 bales
including several lists at a basis Of 1917,
for Middling. RecApts were 343 bales
shipments, 172, and stock, 1884. The New
York market opened steady at 201Sc FOL
Middling, but declined 4 toward the close
Liverpool elosed6rm. On "WEDNESDAY
New York opened steady at 1870, anC
continued steady at that basis until
toward the close Of the day, when the
"bulls" again horned" the "bears" aud
advanced prices Sc, the market closing
at 20Zc. Liverpool was firm during the
day, with sales Of 1900 bales. New Or
leans was steady al lS5s@lS%c, The
advance in New York was due mainly 70 q
Washington telegram, announcing that
the estimated humble Of acres planted
this yesr will fall short OF one million,
and that, with the improved demand from
spinners, viii probably advance prices
still higher tomorrow In the absence OF
large orders, buyers were in the market
for small lots at the closing rates OF the
previous day, which sellers in most cases
were willing to accept, while others held
their tables on the market for higher
prices. Sales were $50 bales, at a basis of
| l9Zc for Middling. Receipts were 33I
and shipments l72, Stock on hand,
| 569S. On THURSDAY New York
was quiet during the day and until
the close, when prices advanced
| &c. Liverpool was steady and unchanged.
/ The demand here was about equal to that
/ OF the day previous. Offerings were linz
/ tied, however, several Of the largest tables
having been Withdrawn from the market
| for still better prices. Buyers cOntented
and amused themselves by picking up
small lots. here and there, at prices they
/ thought high, but which sellers thought
cheap. Sales were $50 bales; Middiing,
Doc. Receipts we're SS4; shipments,
| 2g9; stock, 577S, of which there is, per
for sale, the balance being held by East
ern spinners and others, who saw money
in Middling Cotton al I3lEGl4C during
the early part Of the season. On FRI
| DAY the market opened firm, with an up
ward tendency in prices, and a brisk de-
mand from spinners, as well as a fair in
! Quiry from exporters; sellers overwhelmed
to advance prices, u were content with
the closing prices of the day previous,
which were readily obtained on all grades.
Buyers having orders to fill anticipated
still higher prices in New York, and
worked rapidly, n taking about go
bales of the amount sold. It was noticed
during the day that the representatives OF
Eastern mills, who hitherto had pur-
chased nothing but dne grades, were
in the market for anything above
Strict Ordinary, which lesd to the belief
that some of the mills East have not, nOr
can they obtain, q sufficient supply of
good cotton 10 last them through the sea-
son, and fearing that even the lower grades
will be used up, they are purchasing the
best they can find. Sales were 525 bales,
Middling selling at 20c, with AN eXeep-
tiOnsl sale st 1890. Receipts were
BIZ bales; shipments, pa, and stock
on hand, SSH bales. On SATURDAY
New York advanced &c and Liverpool
about I-l6d early in the day, which gave
sellers an idea that &c would be the rul-
ing price for Mlddling in New York be-
fore the close of business. This was OF
the case, however, as the dispatches re-
CeiY6d late reported buyers mi sellers
apart in their views. Factors advanced
rates on all grades TO correspond with the
advance elsewhere and not a few with
drew their tables from the market alto
gsther OF held them fully 1G2c above buy
ers' views. On onestaBle of fine cotton
20ZC was offered early in the day and
20%c asked, Subsequently the seller
Withdrew il from themarket. Buyers were
In the market nearly all day but report
no improvement in offerings, Sales we're
300 bales; Middling, 2O@201sc. Receipts
were 324 bales. Shipments 57S. Stock,
56I7. To-day (MONDAY New York
opened strong at the closing rates
Of Saturday, and bsfOre nOon prices
had advanced I9L on old grades, closing
quiet with M~iddlings, 2lE82lZ, Liver
pool opened steady and advanced 1-I69
I'D, closing buoyant with the advance
fully maintained. Sellers here were very
firm, some placing their figures at basis
of 2lC. for MiddlinR, but failed to realize
10 except on bright lots. Offerings were
limited, however, and buyers who wanted
cotton were compelled TO take small lots
TO I'LL orders. The demand vas hardly
" on speculative account. Sales were
30 bales, including g low ordinary l4C; IL
ordinary l5c; s clear stained l6Ac; 1
miXedl6&C; z good ordinary TIC; district
good ordinary lgo; As do. lszc; "a low
middling l9c; IA do. 19LC; 4 do. 1870; 5
strict do. 1890; 4 middliug 20%e; 10 do.
20Lc; albright do. BIC. Receipts we're AS;
shipments 1886. Receipts for the week
are 2l47, shipments 1881, n sales BOO,
against 2lS9 received, Also shipped and
2I7 sold last week, and l77O received, 1898
shipped and 1926 sold during the CORES
pOnding week last year. Total receipts to
date are 499, 156 bales, and shipments 49,
457 against 2S4,665 received, and 272,l76
shipped up to the same time last year.
The stock on hand Is 1879; last year ct this
time il was l2,4S9. LAST year at this time
the price of middltng upland cotton In
Liverpool was lOZd, New York 2lho, |
New Orleans 1870, Memphis 20c.
COTTON STATEMENT.
CHAMBER OF COMMERCE,
MEMPHIS, June 10, 1871.
Stock, September 1, fS70... $3.50
Reed since last statement AS
Received previously ,........ 49S, 70S-499, l5G
SOB, 436
Shipped since last st'ment I,lSG
previously ....... 4g7, 37l-9S,4 57
= !
Stock st o 20 To-day. 1879
Imports,
Memphis and Charleston railroad. 81
Mississippi and Tennessee railroad %
Memphis and Ohio railroad s......... 10
a............. us
Estimated pSr wagons. .........-s.........s %
Exports.
Memphis and Charleston railroad. 2l7
Memphis and Ohio railroad ............... 237 /
Steamers, ...,........,... go
Steamers, y