Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-03-14
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL,
MEMPHIS March IS, 1871.

creased in numbers and value. OuI
wholesale merchants liz these lines
are ia preparation for q heavy spring
and summer trade, and they say thai
the indications already are that they
will not be disappointed. Prices are
stationary but firm, and the demand
unusually good. The goods ordered
this spring are generally OF a better
class than usual. The labOreTs in cur
COttOn-felds have not yet learned the
lesson of thrift; they do not yet know
that all is not gold that glisters."
Attracted by the gew- gaWs and taW-
dry hnery, they invest largely in
them rather than in the substantial
clothing which enables the labOring
classes Of the Northern States and Of
Europe 10 engage in their handicraft
and labor without taxing their income
10 maintain an appearance not in
keeping with their station. The low
price now being paid for cotton will
doubtless have its effect, but the low
er price likely TO prevail next season
will compel, if not economy, at least
an expenditure Of their earnings, upon
the part of Our negro population COM
mensurate with their needs andcOndi-
ton. Our lumber market also feels
the generally improving tone. We
learn that among our dealers and at
the mills there is an UuwOnted 8ctivi-
tv: prices are firm and the demand is
good, especially from the country,
where there Is agreat deal OfimprOve-
ment in the BODYBUILDING line in
progress. We hear Of quite a number
of houses projected here, many Of
E-A- ~ HL. Ea-H nHlau fn rnaTnH Of do
sign and the material TO be used.
Taken altogether, we predict a busy
spring and a good trade IN all depart
ments, except in cotton, which Is COM
pletely d~emOraliZed. In reviewing the
weeks dOings in thestaple we ind that
at the opening on TUESDAY there
was an improved inquiry for the
better grades, but later in the day
foreign advices indicated another de-
cline. and buyers withdrew from the
market to await further develop
ments. Sales were 1900 bales, includ-
ing 2I1 bales stains at 10 to ll5. Low
Ordinary sold at 6 cents. Ordi-
usrvat Ito So cents. Good Ordinary
at IlaIIzc; Strict Good Ordinary at
I2al2fc, with an exceptional purchase
reported at lltc. Low Middlings
were purchased at 12laI3c; Strict Low
Middling at l3tal34C; and Middling
at l3tc. Several large orders were
Cancelled during the day per tele-
graph, while limits in Others were re-
duced from to &c. On WEDNES-
DAY there was an improved de
mand for all grades, the better styles,
however, being in chief request.
BUYERS generally dictated their own
ueFmslOn inferior styles, while sellers
were rather frmer in their views on
choice grades. Sales were 1900 bales,
including 356 purchased late yester-
day at prices ranging frOm6 to 94c for
Low and Mixed to Strict Ordinary, 10
TO lie for Stains, SEE to III for Good
Ordinary, II to lie for Strict Good Or
binary, 10 TO he for. Low Middling,
with au exceptional purchase at lie,
and Middlingat 49, to l3sc. THURS
DAY the market opened with an
active demand from splnner5 and
q moderate request for export and
speculation. Sellers, anticipating a
better feeling, were rather indifferent
in the early part Of the day, and upon
receipt Of the early dispatches an
nOuHcing a slight advance in New
York, put up prices in some Instances,
while Others were satisfied with the
prices paid the day previous; but sub
sequently Liverpool advices annOunc-
ing an advance were received and
were followed by a corresponding
advance in New York; WhereupOn
sellers in some eases became excited,
and many withdrew their tables from
the market, while others advanced
--s.-- H-.rn 1 q. e. On oil rrudnH To ]
mis- buyers did not respond, and
nearly, nnOt quite ali, withdrew from
market. SALES footed up 300 bales, 4
the greater portion OF which were
taken by three buyers, one Of whom
operated TO the extent OF IOUO bales,
including in his purchases several
large lists. Another took nearly
600 bales, including lists OF BIB
and l2l bales. Prices ranged
from 9 to 10c for Ordinary; lOlc
for Strict Ordinary, at which
price a table Of 80 bales were sold.
Good Ordinary ranged from 1T to
IIsc, Low Middling at l3 TO 1870,
Middling at 49, to 1910. Strict Mid
ding sold at I33 to lac. The greater
portion Of the purchases were made
early in the day. At the close hold
ers were asking l34 to lie for Mid
ding, and q corresponding price for
other grades. On FRIDAY the |
market was further depressed by
a slight decline in New York
Vnd a shading of at Liverpool. Buy
ar in the early part of the day,
u7bile sellers in some cases were anX-
fonz ~ realize, Others however, were
arm in tn cir views and unwilling to |
D7eEe coDct ~siOns demanded by buy
o. unfii toe-Rrd the middle Of the
dev when seIIgrs seeing no prospect
~ an advance. n many instances
sought the streetin search Of purchas-
ers. Sales, including 300 bales sold
late in the evening previous, were
2IgO bales at Irregular prices.
Low Ordinary ranging from 8 20 SCI
Ordinary and Strict Ordinary, StOS5ci 1
Stains and Clean Stains at 10 10 ll4c; /
Good Ordinary at II 10 l2c; Low Mid
ding and Strict Low Middling at Is
to I3fc; Middung at 1870, and a few
bales Of Strict hiiddling at l4c. Sew
eraI lists were sold during the day, /
among them one Of 80 bales Clean
Stains at lac. Private kilograms, re-
.ceived late in the evening from New
York and Liverpool, anticipated a fur
Their decline. On SATURDAY the
market opened firm and mode
rately active, but closed rather weak,
in consequence Of a decline of &c on
grades below MiddliHg In New York, 4
mud adult market at Liverpool. Sales
wtNUe 1900 bales Of all grades between
Low Ordinary and Strict Middling.
inferior grades were found at prices
-aa-Hr l. - LNr g. am~ n-Isaa j
~ and Ordinary, II to 1I3c for Good
Ordinary, and u to l2lc for
strict Good Ordinary. Stains and
Clear Stains were found at from
no TO Illc. and barely low middling |
was found at l24@l25, with an eXceP-
4iCnal purchase at lZ4c. Some 300
males Of low middling were included
IN the purchases at l39l34c, while
strict low middling was reported in
case AZ the outside rate. Middlings
were found a. 13i6l8lc, and strict mid
dIjn0 al I37 70 14c. On MONDAY
lfo-dav) the market opened with a
GOOD demand from spinner5 and ex-
Iporters at the closing rates OF SaIur-
dag. Sellers were not disposed 70
.~qnoede even a fraction on grades rom
d Ordinary up, but ia some cases
- anxious to realize on lower
-, It'll toward noon, when upon
of news Of an advance Of &c IN
Vork ,Nrices were advanced &c
~ -, T-sdas and &c on the better
o ~ ~" P~oCeints Cor the week, 1902
~ g.. sbinme5ts. L. 596. Receipts for
~ c5rrespondiD9 week in 1870 were
S8S5 bsiesi shipments, 7ie8. Total re-
to date are 426,SgZ Dates shiP
8s6.472. As compared with
the receipts during the corresponding