Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-01-04
Beads In London.


The market was strong and active through
out the DAY. Cotton advanced a &c on each
grade. Buyers met factors generally very
readily. At the opening Of the market brokers
were out even before any adv1ces nom New
York arrived, and made purchases at least a
&c below the sales made AT the close, 50 close
did this market follow New Heik. Sues
amounted 10 800 bales, with one or two very
large sales pending, one Of which was Ibo3
have had for two weeks, and prospects are
that IL viii continue. Receipts at all the
ports TO night for nve days are 67,5A bales
some 800 less thsn the same number OF
days last week, pOiuting TO only 1900 bales
FOR the week, 4O,O0O bales less than last week.
This has. with other things, had the effect 70
advance prices. The confidence which is
manifested in the transactions in futures
al the advance, a. reported in dispatches, has
also had the effect 70 force an advance
on spot cOttOus; however, laying a ide all
speculariOus as 70 the cause Of the upward
movement there is one thing 20 a certainty,
that the crop is short one million bales OF last
year. AK an increase Of consumption or man
Mcclure Of per rent, and that when II
but one pound Of cotton to every seven
OF our loo prints, it is evident that a
high price can be paid for cotton. These are
facts that can't be overcome. These things,
taken in connection with a foreign dem8nd
that IS veto come from spain and Russia, as
well as the small stock in Liverpool compared
with that OF India cotton, Is sufficient evil
deuce 10 put 20 rest all Idea OF low prices OF
cotton, though. IL may be, hat this eXtraurdi-
LAZY advance Of - since the close last night
may not ell be maintained, but, IL is our Opin-
AQAH 90 MEA4 - INT oENAAA1L Vi cGaAA.H eANA-a Al
formed. that mldulng cotton viii reach &c IN
New York, sooner Orlater, during this month,
and net recede therefrOm. Among the trans
actions to-day we notice the following:
II peeler, dc; ~ strict good ordinary, lo5sc; Il
good Ordi1ary, sc; @ strict ordinary, NC;
8 middling, Ig1c; 40 low middling, IS 9-l6ci
s. sU-ict middlng, lB5<c; 30 shy low mldd1ng,
Is5<c: District middiing DOC . middling, 1876;
So good ordinary and low mlddi1Dg, 1870; 80
ordinary, ELc l2 strict good ordinary, istsc
us low niddLing, leAc; 81 low mlddllnE, 1910
- good ordinary, l5Ec 26 strict middlLHg,
DC; Is good ordinary, ls5sc; 48 strict low mid
ding, lsc; 100 street midd1ng, DC; 20 middltng,
lg1sc; IS god urdin=ry, lS14c; Is low middling,
1Szc; - strict good ordinary, Hzzc; l55 strict
ordinary, E7zc; IJ strict good ordinary ls1ac;
II mIddung. lsLc 66 strict ordinary, Zee Z
strict good ordinary, 1916; 81 strict
middIing, 20ci 10 good ordinary lSc u Or
diuary, l11gc; 81 ordinary, E19c; - low mid
ding, lSc; lUj low middling, 1910; Olow mid
lgc: 81 good ordinary, lS14c; q mtdcltng,
1916; 9 low middling, l8c; . strict mlddling, 29c,
II viii be observed thai there Is considerable
difference in prices on the same grades. This
Is TO be lUOke for in a market such as this.
instance, low middling in the morning
sold for Iszc, which was the market price,
and at the close sold for l9c, as there was at
least &C advance during the day. The same is
OF other grades. The course Of the New
York market was as follows: Opened strong
for middIing at 2Jsc a &c advance from the
close the evening before, and at u m. ad-
vanced 10 25zc, closing strong at 2esc. Inc
Liverpool market opened firm for uplands, at
g1sg6d; Orleans, lQ54 "a; coming In at l& pm,
1Cr uplands, lOd; Orleans, lg8di closing strong
and unchanged.