Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-04-23
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEALy
MONDAY, April = loz2
COTTON.

OFFICE " THE DAILY APPEALy
MONDAY, April = 1871
COTTON.
Cotton during the week ending to-day has
undergone but slight changes In price IN this
market, and those IN an upward dIreeI9h;
reporting a weak market Liverpool opened
at ll1zd, but fell back 10 the previous figures
n5s9nkd IN New Orleans there vas an az
vance from &esc t025a. Gu market Qu0ted.
2gzc and advanced 70 22<@2Sc. The cotton
taken has been mostly for s~pinners, rates be
low OF purchases for expectation. English
circular report dull trade at Manchester, ana
express hopes Of receiving some portion OF the
cotton that is in stock at Havre, France, as
the demand for cotton goods, hoth IN that
country and Germany, is falling OF. The re-
ceipt of American cotton in England TINS
wear. as compared with those oflast year, have
decreased . per cent, while Surate nave N
creased %, Egyptian ., West Indian le4, and
Brazils So per cent. The decrease IN Ainerl-
can receipts has caused the 3,OOO,OO bale esu-
mate OF this seasons crop 20 be generdlN &C
cepted, and II Is mostly peIleNe1 maj
when American Primers are suPpned-Dul
little viii be received in Europe from June 20
the end Of October. The demand there' as Is
the case In this country is generally upon The
made bat little use OF. A severe pinch ls10ok-
ed for at the end OF the year. ana the sock
mainly made up Of East India and other un-
Snlable qualities. This may be modified 90
EnmR pNNanL III continued uulnEdc among the
Manchester manufactOries should decrease
the demand should the c~Ontrary ba the case
the supply Of cotton will be inadequate and
an advance in price viii be the necessary
the European consumers are already looking
with strong interest TO the prospect Of this
years crop. III any accident should Happen
the next crop" says one Of these circulars,
1.-The position would be UerU critical, Tor there
win De no reserves len in Europe, and should
spinners be frightened into buying largely Tor
the autumn, a uerg serious rise ia prices might
ensue. II is indeed a matter OF great import
ance that the next American crop should be
both large and early" Our readers are aware
that the c"ommeneement OF the season here
has been thoroughly unfavorable. The wealth
ment aud sunshine, with drying winds has
been favorable 70 pl0ughing, but NaluaDie
time has been lost and planting commences
late. lfthere was a redundance OF labor TINS
loss might be made up for by setting a larger
number Of hands 10 work, but our supply of
labor is limited, and the time that has been
lent number Of acres. The high price OF cot
ton relative 70 liverpool has made New York
weak. but the s~pinners demand has given
strength 20 eur market, for the amount OF cot.
ton offered has not been large, and much that
is OF our tablesi IS ordinary and other undesir-
able ~cottonsY while the demand runs on good
ordinary and above, which qualities are COM
manding a relatively higher price than the
low cOttOns, The movement in our market
during the week We give below, remarking
tina al the conclusion Of last week New York
showed an Improvement quoting Gssc, an
aAG III - MI a41 Z
quoting ID higher, ND: New Orleans also
advanced A=c. This made our holders s1fer
in their demands, and the inquiry being &C
tive prices went up %c on the grades above
ordinary mlddIng quoting 2Ssc. sales Ia9
bales
TUEsDAY-New York quoted 2ssc, Liver
pool, ND. In our market the Inquiry was
good for the wanted qualities but the supply
was not1arge andthe prices asked were beyond
the views Of some oft buyers. The weather
was cold and unfavOrsbie; middling, 2<c.
- - ]
erpool steady AZ u<d. IN New
York produced some depression in our mark
et but most holders refused 20 make any con-
c~sssions, the inquiry was active for the better
Qualiiesand Ice bales were sold Al 25<c for
THTRsDAT@New York was easy al 2S5ko,
Liverpool declined TO u1s9llZd. In our mar
ket there was again a good inquiry for good or
binary and above with larger offerings After
a shOwery morning the weather became sun
NJ and springlike. sales 20 bales az IN im-
provement; middling, 25z9&e.
FRIDAY.-New York weak 81 &5Sc. Liver
pool firm a. llS9IiLd; New OrleansadYanced
"a. In our market the lower classes were al
together neglected and buyers, to obtain the
cotton they required, were often obliged TO
which they had nc use. Rates were flrm
and 100 bales were soldat $3.50 for mid
ding.
erpOOl also duh at u1S9llLd. Our market
without change, the demand eager for good
cOttons and in some Instance 70 higher paid
u TIC pa = "a 1919 "a 49, 49, u
rejecting all below good ordinary. Sales 100
bales 81 Z14dEc for middling, ]
MoNDAE-NeW York kilograms reported q !
dun, inactive market, the demand running
on the better grades; lower grades neglected
middlinR, &Sse as before. Liverpool reported
dun from opening 70 close Al unchanged quo
tatious. u1aall14d. IN our market, the de-
msnd was more languid than at any time
during the last week and but e poor days
business was done. The inquiry Is still for
good cOttOus with but limited offerings, q
good portion OF what Is on hand being held
ont OF market on limit There was soma
looking round with view 70 future consider
tiOn, but no spirit Tor tmmedtabe operattou@f
The weather was bright and SAMMY w1thRA
harsh north wind Gates & Woods circular 4
says OF the weather last week: ~During the
past week the temperature has averaged six
fy-One degrees corresponding week last year
si~Ety-three degrees. We had rain on two first
DAYS Of the week not heavy, but sufficiently I
50 70 materially obstruct blowing and plant
ing during the hrst half week however the
high winds prevailing haze been OF great adj,
vantage In drying the grounds and the past
four DAYS have been fairly dYailed, both in
blowing and planting, though in many in
stances the soil has been 50 moist that the wis
dom Of disturbing twas exceedingly doubt
fuL. The result OF the past hvs weeks, as com i
pared With corresponding weeks last year,
thus: Average temperature, 345
last year, 59E-57; lower Temperature this year 1
5 35 days Of rain, 10; last years :; this year
Offering much encouragement 20 hope for
either a more extended planting or a more
prOpltiOus start than was YOuehsafed US last
year" The blowing Is the aggregate OF the
sales reported 10 Us: ~ 81 lsc, low ordinary
- az &c, ordinary; - AZ ms, - a. &c, strict
ordinary Is at PFC, 81 at 2l5{G, good ordinary
- at 2c, q al nc, 81 at 25Fc, Is at ATo, low
middling; 2 Peeler 214c;9 50 al 2zse, Wat 2Se.
There was no change in quotations, and we
repeat those Of Saturday. !