Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-12

The proportion OF the better grades Of cot
ton arriving IL still small; the mass OF the cot
ton sold during the week has been good ordi-
nary and low m1ddiing; ordinary cotton is
not IN demand, and very little OF Il has been
taKen; miudling and above are wanted, but
the supply Is very moderate, The lower grades
nave sold relatively for less money than the
higher, the former tending heavily towards
inside quotations, and often selling below
them from individual concessions where the
OF money was great--Uhe latter holding
well 70 the outer figure, and in the case Of
nice strict and good middIings sometimes
SONG beyond H. In looking 20 the immedi-
ate 1uture Of the cotton market declining
aIlces appear 70 be expected. the great
scarcity OF money both in this country and
Europe, Is bearing heavily upon
and seriously impeding its operations, to the
uetrlment Of prices-in this respect cotton
suffers only in common with other products
out there are two influences close at hand that
VIII amectit peculiarly. One is the approach
bad weather, which viii cause a very &C
i've ginning Of what has been gathered dur
ing the long Of bright dry
Weaiher. hen ali hands" 90 to the gin
mouse q large addition 70 receipts islooked
loff OF course and as receipts gOver prices
the probable result is clearly indicated. The
other event i the rise Of the streams and
rivers that viii follow a change from the long
DRY time, and that rise viii also largely swell
receipts. Looking further still, we ind the
condition OF things in the English manufac-l
turing department far from satisfactory. Be
side the trouble Of scarce and dear money
splnners and cotton manufacturers in Man
chester complain OF stocks accommodating, and
NV AAAHNAa anxiety 70 eject SAFES LEalt
win them has for some time not only failed
70 come fully up 70 the usual profits, but has,
ia many Instances, been attended with loss,
and there Is occasional talk Of having re-
course 70 Nshort time" at the mills, as a means
0i reducing the supply on the market. On
the other hand, the cotton holder has In HIS
favor the TACT that this season began with
cry low stocks Of cotton in the European
markets and II will take large and continued
purchases 70 supply current wants, and at
she same time to secure what consumers con-
slider a safe surplus for contingencies. An ac-
tual count OF the cotton in Liverpool q few
days ago showed thot the amount Of Ameri-
can cotton there was ZOO bales below what
the running estimate made il, being only 3d.
~ bales, against ul.O0 at the same date last
year.
The daily price Of cotton during the week
as follows: fs54als5zc, then for the four
remaining days ls&afs1zc. The average price
oithe week was lh.4sc, against 1850 last week
Receipts during the week amounted 10 le,-
go bales, against lS209 bales last week and H.
bales the corresponding week last year.
Total receipts Si.lB bales, against SS-ZU bales
al The same time last year, adecrease OF 4l42
bales against l0,78l bales the previous week.
LIS bales the same week last season. Total
@,ZS baies, against GSt6 at the
same time last year, a decrease OF los bales.
The stock has risen considerably during the
week; on the LIST II was 20,633 bules, on the 8th
I,bH bales, an addition OF 1000 bales a day.
sales were 1880 bales during the
week, against 800 bales the previous week
and 80 the week before that.
The following tabulated statement. com
piled from our Mes, shows the receipts,
sales, shipments and prices OF cotton per
week In Memphis, beginning with the FIST
week IN September:
49, a.aN EhH- 49,