Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-28
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL,
MEMPHIS, March q, 1871.
THE WEEK

-N- 80 20 j
THE WEEK
Closes upon the cottOnm market very much
weaker than we left it last week. BUYERS
and sellers are wide apart, and business
is almost at a stand. In the grocery and
provision trade there is a perceptible fall
lag OF in business, accounted for IN great
part by the recent very heavy
rains and the almost impossible CON
ditiOn of most Of the roads. In
dry goods, boots and shoes, and lum-
Der; indeed, in everything else but cot
ton and groceries, there is 8 brisk demsnd
and active sales at good prices stocks are
also abundant. In reviewing the cotton
trade We hnd that the market on TUES
DAY, the opening day, assumed asUrOnger
tone, and for clean and bright styles there
was s fair demand against scant offerings,
but low grades entered but lightly into the
inquiry. Sales were 1900 bales, the bulk
Of which wss taken boy three operators
and mostly on sUinuers' count In
Cluded in the reports were 70 inferior and
low ordinary ct s., So low middlinE at
1S5zc, 800 mixed at &c Tor ordinary to
l4LSc average strict middling, 125 bales Rt
12c basis Eastern good ordinary, so Liver
pool good ordinary at llhc, 200 do at lI5kc,
80 strict good ordinary q PIC, 4 inferior
a sc, g do at &C, q middIing at lac and
80 low middling at 1870. On WEDNES-
the sales footed up some 1900 bales
including all grades. There was q fair
inquiry, but buyers we're not willing 10
meet the views Of sellers, who, as q gen
eral thing, advanced their idess on the
strength of the Eastern news. Among
b largest tables taken WIS one Of $50
bales Low Middling at l3Lc, and one Of
S24 bales MIXED at l4@l41sc. The other
sales were 90 bales Ordinary st 9LG94c;
100 Low Ordinary at 7SGSc; Sc Strict Or
binary ID CSC; l20 stained at lOZHl0Lc;
81 Clean Stained HOLES 80 Low Mid
dlinEs at l2&Gl3kC; IS Middlings az l4c;
100 Middlings and Strict MiddIngs at IA
GI414c. On THURSDAY the demand for
cotton was moderately sctiye, and some
1900 bales changed hands at prices Of
"Wednesday, though decline Of HCin New
York caused an Oftish feeling with BUYERS. !
GftEs sales made we quote the following; /
100 bales Ordinary a. 9G9Hc; 800 Mixed, !
price not given: 90 Strict Ordinary. 1OJkc; |
90 Ordinary. Zoe; 20 Mixed, 6Gl4C; 40
Stained, HOLE; 2S5 Good Ordinary, 12c; /
81 Middhlgs, l41sc. On FRIDAY there
was an active inquiry, and sales
footed up 2250 bales, none of which clsssed
up 10 Middling, Tor which there was a
good demand; l4Sc was freely offered for
the latter grade, bus none could be found.
Among the sales we're 2j5 bales Mixed, /
76I8Lc; allow Ordinary,SH Al Stained, /
I2c. 10 Good Ordinary, l2c; 400 do, l255c; /
II2 do, 1855; Is Good Ordinary good
styIel, l3c: 20 barely Low Middings,
ISLc: $50 Mixed, ll@l2Zc; "a Low Mid
dIings, 1870; lB4 Low Middlings, 1870,
sud 100 do. 1890. Holders generally asked
higher figures. On SATURDAY the
rain operated to some extent on
the staple, and the demand was less
Than usual. t. was also difficult to
ship, though the greater part of the day
was spent preparing to do so. Late in the
evening DO Stacked up, but too late to per-
NIT OF either buying or shipping, The
sales foot up probably 1890 bsles, and en-
brscsd the following: GOO Ordinary, g1E9
lOs: % Ordinary, l0Hc; 100 Ordinary (gOOd
style) lie; 90 do, l3c; 100 do, 1910; Is
Low Middlings, l3lzc; 90 do, lSH9l3Zc;
100 do, 1880; so do, (gOOd style) l3%c;
5 strict Middlings, l4Hc. There was an
inquiry for Middlings, but holders
asked 1870, which was &c, at least, above
the views Of buyers. The offerings were
light Of al grades. On MONDAY To-day
shs market was dull Receipts to-day,
I46l: shipments, 525S. Receipts for the
week are 770s bales; exports, Il. 6S5,
against $3.50 received and 1881 exported
he previous week, and 1901 received and
}-g- exported corresponding week in 1870
Total receipts to date are 1880 bales and
Ihipmsuts 4I2. SIG, against 240,9 23 received
md ID, $50 e ported corresponding period
u 1870, showing an excess this year in re-
Of POI. 6j7, and in the shipments of
bales. Sales for the week are 500;
or the previous week, y 800 STOCK on
to-day. 1904 bales; on the same day
asst year, 1883 bslss. The receipts a. all
be ports for the week ending on Friday
were sl,262 bales, compared with lOl,-
81 bales last week, 1000 the week before
only IS5, Il3 for the corresponding
week last year. The total at ali the ports
incs September LIST is now 3 ,236,046 bales, i
.gsinst 2,556, 900 last year., an increase Of
s9.046 bales. The exports for the week G
we're g., 253 bales. of which 6S,llS were to
treat Britain, and p, l85 TO other foreign
OTIS. The total exports since September
st are now 2,I56. 7Zg, against 1880, 0S5 lest 4
ear. showing an increase OF CSC, "A bales. A
he rscsipts a. and exports from all ports
Incs September lst, compared with lsst
ear are shown in the following table: B