Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-03-26
FINANCE AND TRADE.
OTrgCK OF THE DAILY APPEAL,
MONDAY, March 20, 1852.
COTTON.

OTFJCE OF TIE DAILY APPEAL
MONDAY, March 20 lS2.
COTTON.
The situst is about the same Is at the
time Of writ lour review Of last week
The market {. past week has preserved
slmOst precis the same course, ssch
day, rs that Of the week previous, so thsi
on the ending of the cotton week, Fri
day. we find this market the same as on
The previous Friday, the ssme IN New
York, but Ia Lfvetpool Su I'd better On
Saturday, there were sound indications Of
g change for the better. The opinion CIR
culsted by New York brokers and others
that the prospects were favorable for 3
100000 bale crop is looked upon IS sD-
Eurd. In fact, prospects are less faVor-
able for planting than for several years.
The weather b psst week, as compared
with the corresponding week last year.
has been at least fifteen degrees colder
averaging for the past week forty-nve
against sixty. The net receipts for the
past three weeks have also fallen OF one
half compared with ~ same time
last wear, The demand daring this
time has bsen mostly from exporters.
Stocks on hand at all the ports in this
time has been reduced over 20, 900 bales.
Hence il is not at all surprising that 3
better fselingi is injected into not only ours
but all other markets. At the close of
our review last Monday, we left the mar
nv IL . &1AA A0EA0NRA " VIC bAG~
vious days OF the week, but with q ten
dsncy to break. Middling wa 22Zc. In
this market holders we're stiff at 2sHc. On
TUESDAY, there was a fair export de-
mEnd during the day, though sales were
nearly as liberal SIS On the day before and
prices were q shade lower. New York
was less strong with 8 decline Of 30.
Liverpool was strong and unchanged. on
WEDNESDAY there was q fair demand.
Sales were about TVS hundred bsles less
thsn on the day before, and about Hc of.
Exporters monopOlised the market, fac
tors were essy and confident Of higher
prices, Notwithstanding the effort OF the
Flnsncisl Chronicle TO throw cold water,
in It's last issue by giving currency to the
statement that planters are goingto make
1900 900 bale crop the coming year and
making i5sppssr that the consumption is
less thsa hsrstofore estimsted. O~fcourse,
this is mere bosh. New York declined
Lc, but Liverpool remained unchanged
On THURSDAY, the market was modsr-
stely scsive. All classes Of buyers were
ous and showed 3 disposition to pay fair
prices. These prices, As will be seen by
reference to sales below, were about 20
better than OF wednesday, The New
York market ruled quiet during the day,
closing active, middlings At 22Ke, Liv- /
erpoOl was quiet and unchanged; uplsnds,
1lGlI1Se. New Orleans was dull. On
FRIDAY, the market, owing to the gloomy
w~esther-a fOur-inch snow having fallen
the night bsfore-wss quiet and inactive.
Their were scarcely four hundred bales
sold during the day. The market tonight,
isjust where il was on last Friday, OF 80
from the day before. New York is the
same, and Liverpool "a bstter. The mar
ket in New York opened his morning
with 3 fair demand and ~ of. Liverpool
declined 4 partial "a, ~uplsnds, lid; Or
lesns,uk@I1%d. On SATURDAY, there
was q bsster feeling in the market than
we had occasion to record for two weeks,
The demand WAS not confined to export
ers, bat extended TO spinners' SCENTS, who
recsived orders at g bstter limit than for
England s~pinners(of which we mentioned
some time sgo)s are about to enter the mar
kst for their summer supply, being doubt
less convinced that planters are not hold
ing back thsir cotton, d that IS they /
have shipped freely during the season re-
csipts would continue light the balance of
the season, reducing the crop to less than
three million bales. The market here sd
vsucsd an = 70 &c, closing strong at quo
tatiOns. TIE New York Market advanced
q &c, closing steady, while Liverpool re-
manned quisF snd unchanged. On MON
DAY today the market was quiet. Buy
srs Wers q going through the market,
and claimed that sellers were holding
higher than on Saturday, hence sales were
light. The msrket was well dehned-mid-
ding Z2o. New York opened steady and
closed dull at 22&c. Liverpool closed
The net receipts for three days 81 ali the
ports were Is, 964 bales. Exports to Great
Britain End continent were Is, 900 bales.
We uuote