Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-27

sales to-day were 1000 bales. The feeling was
better than at the close yesterday. In fact, in
least Of 70 oFSll grades Low middling, that
was held yesterday at lEz aud could ind
no sale, was readily picked up to-day at
at I7k TO lTk, we quote this evening at lTE to
~. The market I'm Liverpool opened quiet,
and closed strong at unchanged prices In
New York, cotton opened quiet, and quota
lions unchanged, and closed easier.
Transactions were as follows: So strict
low middling. ~; 90 strict middIing,
~: 80 good ordinary, Il; % good ordinary, Il;
4 middlfng, TS4: e5 low middling, E9K; AZ good
ordinary, III; S6 low middliDg, E1%; 10 strict
middiing, IS; 20 strict low middling. ~; i0i
strict low middling, IN; l0l strict low mid
ding, ras; 100 bright middling, IS; 80 good
! ordinary, 1873; 7middling, EHsl Is middling
IL; g strict good ordinary, l7hci 50 barely mid
ding, ~; "A good ordinary TO low middling,
81 How middling, III; SO low middling, III; IS
low middling. II 50 strict low middling. ~;
I0l middling, ~; p strict low middling,
III; IS middliDg, III; 81 middling, 1879.
For the past ten days cotton has ruled IN
usually low, taking INTO consideration the DO
sition Of the staple and the prospects of sup
this market since the 18th, and this in the face
OF no material Improvement in the crop. The
New Orleans Picayune OF saturday says:
market, is Just now loaded with Esst India cot
ton Of last years crop, and prices there are de-
pressed In consequence. Inc low QUOTATIONS.
transmitted iron liyerroOl to every quarter Of
the globe exercise a controlling influence upOn
prices in other markets, and the staple there
fore continues to sell at rates which may be
considered as di-proportionately low in view
Of the present prospects OF supply and de-
mand.
HAs we have said before, the supply Of East
India cotton offered in the Liverpool and Con
tinental markets at this season of the year
naturally exercises a bad effect upon the Amer
loan staple. This Is more strictly true this sea-
son, for Primers had provided liberal stocks of
American cotton TO run in with the poorer
grades and are, therefore,, more independent
than for years past.
-" This depressing cause, however, is but tenn
pOrary, and will be removed at an early date,
when cOttons from this side OF the Atlantic
viii take their true position, and the circum-
than those which now prevail. The crop does
not promise 70 exceed 100000 bales. though q
late crop might enable the planters TO save
more.
I ron the other hand, adviees from India are
not OF an encouraging character by any means.
The low range Of prices last season naturally
deferred the ryOts from extending the acreage
under cotton, and the planting season proved
very unpropitlpus The British commission
reports that tho weather RfteT the spring mon
soon proved to wet for planting in the central
provinces and Berari, and since the seed has
urely too much dry weather, and in many
places vegetation is being burned up.
When these facts are aiken into considera.
uOn, and allowance is made for the increased
eOnsumptiye power Of Europe this year, the
position OF the market appears very strong,
those ngaged In the cotton trade will have the
advantage this season OF operating upon q riss
Ing market instead of a falling One."
he following is the comparative daily state