Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-12-16

COMMERCIAL.

The situation in the general market to-day
was relatively the same as yesterday. Re
ceipEs OF grain and Yves ern produce the early
part Of the week relieved the scarcity and
supplied actual wants at pretty high figures.
The demand is less active, as dealers are we'll
stocked, especially in grain; still there lisa
large consumption, and stocks will material
ly reduce should receipts fall of the next few
days. Corn is neglected on the levee. There
were offers at 66c, delivered, but holders say
they willstore before they take this price, rs
thlsds two cents below the actual cost. There
Is no new feature 10 note Business is very ac-
i've IN the grocery and dry goods trade. The
latter business has been quite active The past
week. Prices, however, are steady. In speak
ing, OF prints a Boston paper remarks that the
nigh price OF gray clOth 1mparts a firm feeling,
and the question OF an advance in prints Is
under consideration, as all cloth bought dur
ing the com ng three months viii most prob
bic cost 7Z9sc . yard. Printers who pay
these prices can make no profits at liLc for
goods, and when ALI expenses are paid they
VIII be lucky II they get their money back. As
an offset TO this, however, many OF the mills
that have been making a portion OF their own
cloth, are preparing 70 manufacture all they
shall want so that while some printers viii
barely cover cosL at ll54e, Others VIII make a
good profit.
There seems TO be speculative demand for
sugar springing up here as well as at other
points. There have been some heavy BUR
ehases made south on account of this market.
The New York evening Post has published
several articles on this subject, evidently pre-
pared with great care, and from the last one
we copy the following interesting details:
THE rush to buy sugar was extraordinary last
month, no less than 1900 tons having been
distributed, against $500 in November, 1870,
E,oO0 In lso9, and H,OOO Ia 1865. The m nthly
average during the past eleven months has
been nearly -, % tons against only 1890 tons
during the same months last year, 1900 tons
in 1858, u about the same amount in 1865.
We have thus, during the eleven months, an
excess OF distribution from the four leading
Atlantic ports OF 5000 tons, and II the dlstri-
button during the present month bit slightly
exceeds that OF December, 1870, we shall have
ID a. mnnnnh - 80 "a ~
twelve months rs the whole Louisiana crop
now preparing for market win probably pro-
ouce. We have now 5000 tons stock, and our
consumption last winter was92,00O tons during
December, January and February. At the
present comparatively moderate prices we are
likely 70 consume as much, and probably
more. With the tardy crops in Cuba and other
places, we cannot expect more tnan we re-
ceIved during the corresponding months of
December, January and February, which was
5000 tons. Receiving this amount, we should
have q stock Of 1900 tons the LIST OF March,
la. against a stock Of 81, 90 tons the previous
year. H. however, we continue to increase in
consumption al the late Of ten per cent, we
should have but 1900 tons lef. Our concep-
ton in March, 1871, exceeded this by 1900 tons,
while we imported only $1,000. With 4 search
~ OF desirable refining grades therefore, the
staple cannot be expected 20 recede materially
In value again until March, when we shall feel
the full innuence Of the arrival of a fleet OF
vessels from Cuba and the other West India
Islands with green sugars. These arrivals
nearly always depreSs our markets very much.
IAAlt1 II LAA1H0 alt "a 1AAbIktI luhn mere.
the deficit In beet root sugar being estimated
at from 10000 20 10000 tons and the stock IN
the United Kingdom having declined liz. 900
tons on the 18th Of November, against l64,0C
the year previous"
We take from the American Grocer the fol-
lowing ace Junt Of the situation OF coffee:
"Since our last repOrt the coffee market has
continued In a state Of allegiance, buyers re-
fusing 10 purchase and holders not caring 10
sell until the Rio telegram arrives with news
twelve DAYS Later than our last Rio adyices,
The conee market during the last three
months has been a fruitful field for specu-
lators. Early In the season the short crops of
Brazil, Java and CeylOn began 10 attract at
tentiOn 70 the coffee market. 7 e trade. who
during the summer months allowed their
stocks 70 run very low, began 70 send forward
their orders quite freely. But as the stocks
held here by importers during the summer
were very heavy, shipments al Rio we're al
lowed 10 fall on materially. AS the demand
Increased. prices began 10 advance. ana H.
distribution exceeded The receipts. Larga on
eratiOns were Initiated. a large part Oh Sbfeb
were OF a speculative character; prices a.
vanced %, 80, and ~ per cent. AS prices a..
yanced, the speculative fever seemed
10 Increase. In October prices reached
a point that the Urade would not nav.
and purchasers all at once, as II by agreement
disappeared from the market. The CRY bV he
spectators Of short crops, Of a coffee famine.
etc, failed 20 attract buyers, The high psices be.
gan 70 attract attention abroad, and EuroDe
commenced sending fOrward supplies: the
shipments from Rio suddenly Increased, and