Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-01-26

Bv reference 10 ssles below It will bs
seen that the market here Was ve-y so-
tive, snd 81 &c advance OF yesterdays
transactions. Ens demand was from the
spinner End exporter mostly glVirg tone
and life to the market more generally
thsn for several weeks. Liverpool sd
vsuced an I'D r Orleans, sPd 8 partial
I'd on uplsnds. while New 1oIk gave
3 nc aud closed dull Liverpool hay
ing rescued It's present figures, with g
prospect Of going still higher, il evidence
that she wants American cotton
standing that the net receipts from all the
ports for six days are equal 20 ihe receipts
for ths same time last week. There Is
bat little indications that New York re-
CARDS them as heavy, IS they will be at
least 50 600 bAles less than same time lsat
year. since Saturday New York baa
huctuared between 2ze and 221c. Mr..
Nourss, Of New York, q recognized su-
thority, places the consumption OF cotton
by mills Ia the United States j. 1870 at
s67, SEQ bsles, and l O42. 500 In II. The rate
70 1872 viii be yet isTg 7, especially the
Northern mills There Is no isck OF wa
ter power. The spinning capacity is en-
larRed i've to seven per cent. There Is 8
fair but moderate average proht In the
business at current prices for cotton. Ev
cry mill will work full time on these con-
ditions.
Smith, Edwards & Co, Of Liverpool in
their annual circular, note q remarkable
increase In the consumption Of cot on in
Great Britain during 1870. The deliveries
show the very large average OF $1,000
b2Ias, against 81. 900 in 1870, but no doubt
the trade hold much larger stocks; allow
ing them 8 surplus of 100, GOO bales, the
consumption OF the year must have been
80 COO bales per week, OF which no less
than 5000 were American cotton. This
l. -. ---4nannaA Hnpranaa nF nna uaQF
over another, considering that last year
was one Of full consumption, no short
time being worked. Undoubtedly q large
addition has been made 10 the machine
power Of England the past year. The late
factory returns confirm this, and from
these returns, and private Inquiries made,
they incline to the belie that b coDsum-
ing poWere Of Great British has Increased
lOQI5 Ger cent. in the last two years, and
they now put the full consuming capaci-
u, with cheap cotton and profitable trade,
a. 90 600 bales psr week, including $4,000
bales OF American cotton. II the late
advance should be sustained, however,
they think 5000 bales sufficient estimate.
Il Is assumed that, with q deficit OF half
8 million bales Ia the American crop of
1871, the market IL likely to have q strong
support. Beginning the current calendar
wear with lOd instead Of Sd, however,
thew think will be q strong incentive TO
and with Continental stocks
fully replenished, which viii be likely TO
lessen the European Requirements BY at
least 800, 600 bales, they entertain no fears
of absolute scarcity. They look forward
to q large American crop for 1872, They
say they have good grounds for behsy-
ing that the actual cost Of production is
not over twelve or fourteen q per ID
delivered at the ports; and planters are
getting eighteen end twenty cents, or hf-
" per sen profit. No crop since the wal
has bsen grown so economically; and as
proYissOns are very cheap in the South,
they look for q great increase Of area 70 be
planted.