Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-12-19

COTTON.

At our last review we left the market APP
prONlmRung the highest point gained this
season. The market was much exited- New
York, under the excitement, reached the
highest point and Liverpool slowly responded.
The review below will show the tone Of the
market from Tuesday last up 10 this evening.
For tue last week the market has been IA
anything like a satisfactory condition to oper-
atives. Factors have been unwilling 10 make
concessions, having confidence that the future
will develop what they already believe
short CROP" and hsretOfOrel Light receipts" In
viewing the general position from the highest
point which cotton has gained this season, the
Financial Chronicle, OF New York, says
that the upward movement finds us
more immediate cause in the late cold
latter are Interpreted as indicating a smaller
yield than the prevailing estimates Of a few
weeks back. However, aside rom these facts,
there has been a growing inclination 10 con-
slider American cotton not dear at present
prices. The worlds consumption has in-
creased so rapidly and it's wants are so large,
while the disposition TO use largely the Anne
staple has become so general and the
expense or going back 70 the poorer sorts is so
great u Is felt that our supply, even If IL were
10 reach the largest figures current, would not
be none too great Notwithstanding a moderate
advance in price for the supply of spinners
wants. Holders, therefore. show no anxiety
70 dispose of their stock, while our own spin
ne $ appear TO be taking bold more freely,
and there is an increased movement on foreign
account England has set up 5000 spindles
week during the past year, and started up
l,O0,O0 old spindles, which gives her for the
twelve months an increase of3,O00,QO0 spindies.
For the average OF the current year IL is proba-
BILE that another million of new spindles will
be added 20 the above total, making an addi-
ton for the two years OF 100000 s~pindles, of
ten per cent. in her spinning capacity since
1870. Continental
Will likewise, IL Is believed, show an increase,
While the takings Of our own manufactures
wiltaiSO be in excess of last year. These facts
conclustvely show that the consumption of
cotton this year must be in excess
OF last year. Present prices, and even higher
prices, are not unwarranted by any means"
past week, as Will be observed. has differed
from The proceeding week. The weather
throughout was pleasant, affording every OPP
for shipping cotton TO market;
prices run higher, and last, but not least. the
holidays are approaching All these had a
tendency TO increase receipts largely over The
three weeks, though short some 43 90
bales with the corresponding week last year.
This lact seemed 70 have been lost TO New
York operatives, or the small excess over last
week OF 1900 bales would not have caused cot
TO decline &c. The price of middhng this
lime last week in this market was lgkc@l9Zc; /
to-day lvAc. Under this depression tran
sactlons ON Friday and saturday were light, |
scarcely reaching for the two days 200 bales. |
The following tables will give the reader q
general idea OF the extent ana state OF the
general market.
The following is the comparative cotton
tatement for the week ending on Friday last, |
This shows a falling of in receipts OF 23O,g6S |
since the nTStOf September last |