Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-08-13
FINANCE AND TRADE.
OFFICE or THE DAILY APPEAI.l
MONDAY, August l., 1872.

Our last weekly review quoted New
York q dull market at 2lkc for middling,
and Liverpool likewise dull at esd for
upland middling. Since then the
weather throughout the South has been
very favorable, only a few districts Re
porting very serious injury to the crop
from the worm and caterpillar. From
the best information obtained regarding
the condition Of the crop in the section
Of country tributary 10 this market, if
il aSceTtained that in certain localities
in Mississippi the worm has made its
appearance, destroying whole fields, and
on the other hand the counties border
ing On the Mississippi viii, without
doubt, make double the amount made
last year. The same may be said of the
country along both the Arkansas and
White rivers in Arkansas not reached
by the high water. So that, instead of
receiving ISL 800 bales, as we shall prob
ably have received this season, our re-
ceipts mex season are expected to ex-
coed that amount, and be equal to if
they do not exceed those of the previous
season, which were 5l1 600 bales. Since
our last review, the daily reports from
other markets ara summed up as fol-
lows:
TUEsDAY-The New York market
opened firm for spot and futures, the
former OF a basis of 2lsc for middIing
and closed firm and unchanged. Liver
pool opened firm and closed firm with
an advance Of I'd, and sales of Is, 600
bales uplands quoting 94G95d. The
Oniy demand here was for clean and
bright styles Of middling, selling at 21se.
WEDNEsDAY-New York opened
firm, with an advance Of &c, but closed
quiet, the advance having been lost,
middling closing 2lke. Liverpool opened
firm, and closed strong with 1-16G5 I'd
advance; Uplands, 9EGl0d. Sales,
1900 bales. This market showed a
more animated demand, both on specu-
lative account and legitimate sales, be-
ing go bales middling, closing at 24G
21sc.
THURsDAY-New York opened &c
lower on all grades, but again advanced
&c, closing firm st 2lsc middling basis.
Liverpool opened a shade easier, and
closed firm with an advance of Lied,
and sales of 5000 bales, the largest
sales Of anyday during the week. Here
the market was stronger, but hardly so
active from the fact that sellers were
above the views Of buyers, the extreme
Of prices during the day being Ice for
ordinary and 24c fOrlmiddling.
FRIDAY-New York opened firm and
closed steady and unchanged. Liver
pool advanced Lied at the opening,
uplands being quoted at IOd, and closed
firm and without change, with sales Of
1900 bales. Here there was a mOder-
ate inquiry for bright styles, but offer
ings were exceedingly light, and prices
high, so that nothing Of consequence
wac done. One list of cotton of 100
bales, averaging good middling, was
shipped TO Boston, there being no COM
petition for it here.
SATURDAY-New York opened aud
closed quiet and unchanged; middling,
2l4c. Liverpool kilograms noted a slight
advance in Orleans middling at the
close and quoted uplands at l0d, Or
leans at l0kd10sd. Sales were 1000 bales.
Here the demand was better, but con-
fined to n OF two operators under do
nestle orders for low middling and mid
ding, the prices Of which fell within
the range Of 201G2l2c.
MONDAY-Scarcely any demand to-
day, and inferior grades were a drug on
the market. On some ordinary, held at
Ice, there was a bid of Isle, and which
was the only expression We heard as to
that description. Some middling was
picked up at dc, and on which 2lhc was
subsequently bid. In Liverpool prices
declined I'd; upland middling quoted At
g.d at the close. New York was steady
at 2l4c for middling, but closed dull.