Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-07-11
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL,
MEMPHIS, July 10, 1871,

OFFICE OF THE DAILY APPEAL
MEEPHIs,. July 10, 1871.
THE WEEK
Opened on WEDNESDAY with but
few orders on the market, and buyers
independent. Factors who had lists
were disposed TO cOncede on both the
lower and better grades. Sales were
525 bales, including a list of 100 bales
Middling on private terms; 20lc was
supposed, however, to be the price
paid, as that was offered Monday,
Over one,balf OF the amount sold was
taken by one buyer, including 175
bales in different lots, averaging Strict
Good Ordinary at ISc, and other pur-
chases OF 6 Low Ordinary, .13c; 30
Good Ordinary, lie; II Strict do, lSe;
ana a list OF 55 bales do, at 17Bc; ls
Low Middling, 192c; IS Strict do, poe;
and smaller lots. By an actual count
Of the stock on hand, there was
found an excess of $40 bales in the
stock on hand, which sWells the fig
ures to 6233, OF which amount 1855
bales are awaiting shipment, making
the actual stock 5O77. New York
closed quiet at $205c and Liver
pool strong. On THURSDAY a
better feeling in the New York mar
ket with a slight advance in Liver.
pool sent buyers upon the street a
little earlier than usual and gave to
the market q more lively tone. There
were several spinners agents operating
as well as those who we're shipping
TO Philadelphia and New York on
their own account. Offerings were
better also, and several fine lists were
disposed Of. Factors, as A general
rule, were willing TO accept the prices
offered by buyers and only in a
few instances were they under the
current price. Sales footed up
$50 bales. OF the lists sold, there
was one OF 80 bales Strict MiddIing on.
private terms, the asking price of
which yesterday was 2Ie; also SO bales
barely Low Middling at Ice; and two
smaller lists Of 4S and AZ bales 0rdi-
nary at I4tc; New York closed firm
and Liverpool strong. On FRI
DAY, this market as well as New
York, was somewhat agitsted
over another "ShOrt crop" report from
the Agricultural Bureau at Washing
ton, which Is to the effect that the re-
port for June will show a greater fall
ing Of in cotton acreage, and a worse
condition of the crop generally than
was reported a month since. The
lowest estimate yet placed upon the
coming crop by the Agricultural Bu-
reau is, we believe, something less
than 3,O00,000 bales, while the aY-
erage estimate of our Southern
exchanges is nearly 100000 bales.
They of course have later information
than the department at Washington,
and il IS more than probable, taking
the decreased acreage OF Arkansas,
Mississippi and Tennessee
into consideration, with the recent
1attering reports from g great portion
Of EACH Of the States named ARE that the
crop will not fall ven . per
below that of last year, as was
by the department. TIE
market was less active in con-
3 quence Of factors following closely
he advance Of &c on the better grades
IN New York. In the morn
there was a fair inquiry for all
at the closing rates of the day
before, but gradually those buyers,
who were picking up small lots, with
rev from the market. Sales were
20 bales Ordinary at ljc; Good do,
.6saI74c; Low Middling, I9al94C; Mid
ling, 901c. On SATURDAY, New
York advanced &c and Liverpool was
and a fraction higher. The
.dvance mother markets WIS not,
however, fully realized There was
lively demand during the early
lart of the day, a greater portion Of
which vas On speculative account,
primers not being represented in but
me or two purchases. Sales We're 500
lale5, Middling, 20a203c. To-day, |
NONDAN, New York opened quiet
It 2I3 fer Middling, but closed quiet
md weak with q decline OF &c on all
Liverpool, however, was
,trODg at the opening and fraction
and was very firm throughout
he day with sales of 5000 bales.
here were not inclined to IN
rest, as a general rule, at the prices
and yet there were those who,
operating on speculation, bought
argeiy. One buyer took q table of
,OllclAluk .ONCi ~ DdICo DLIACt Oiul-
nary and others worked for smaller
OTIS. Sales were $50 bales, including
700 bales Strict Ordinary, 17c; 6 Good
ordinary, 19c; 8 Strict Good 0rdina-
y, Isle; Low Middling, 1870 6 do,
10c; l strict middling q receipts were
IOl, shipments, SOC. Receipts for the
week were 17l0 bales; shipments,
.522, and sales 2625, against 1850
'eeeived, I42 shipped and 1900 sold
asst week, and $50 received and 1919
during the corresponding
week last year. The stock on hand
O-day IS 1892, last year at this time it
vas 9722. Total receipts TO date are
273, and exports 502,66l. Last
year at this time the receipts were
,S6,664, and exports 276,24e.