Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-24
FINANCE AND TRADE.

OUR COTTON REVIEW Of the past week
quoted the price Of middling in New
York at l43c; on MondayIt advanced N
l4fc, but on Tuesday it fell bsek TO 1856
only, however, to repest 14sc next day,
leaving the weeA's qnotation where 1t
began. New Orleans quoted l4Bci which
on Saturday became Iflc, and on Mon
Day lac; on Wednesday the quotation
fsll back to 14s, an advance during the
week OF &c. Liverpool quoted l-l6d,
but on Monday, advanced TO I'D, an adj
vance during the week Of l-l6d. In
Memphis, at the conclusion Of our last
weeks review, middling quoted lac; on
Monday it advanced to IA 3-l6e; sunk
on Wednesday to l45e, and on Tuesday
TO 14I-l8c, an advance Of 1-l6e on the
week; on Saturday the advance became
=, the quotation on that day being &c.
The above statement shows that
there was some waverlng OF prices
during the last business week,
bit again the result showed
that cotton was in a stronger attitude.
The higher figures Of arrivals are GER
tainiy d'scOucerdng to the believers IN
an extreme low crop, but the whole turn
Of the market is such that, in spite Of
those figures, what change occurs in
cotton is ia an upward direction. Specu-
l8tors show great confidence in the mar
kat, and largely swell our sales; spin
ers, it is stated in eastern papers, eX-
pect 10 resume working full time in their
mills at sn early day. In Memphis there
mas been an active demand all week for
river-hOttom cOtfOns. Holders, know
Sug the prospective value Of this Glass Of
the staple, tried 10 keep them back for
better prices, bat the baDks-WhOse
money carried thenl-''put on the
screws, - and speculstOTs got eonsiders-
ble lists into their hands. Gold has adj
vaneed. which has favored the nominal
face Of the QuotstiOns, but it has favored
cotton PRINCIPALLY because il has fsciii-
stated exp0rtstion. This however, has
had sn Offset, As appears by the follow
iug from the New York Journal Of Com
r5l,yree OF Wednesday: "rbe export trade
Is restricted through the irmer range OF
ocean freight room, which, with the
large arrivals at the ports, in connection
with the easier feeling prevailing on
Enutracr2, FORM tue AcauluS lea
lures working sgaiust tie trade in
sp8. c0tt0n.v The New York Bulletin
" the same date observes; ''The large
receipts at the southern ports at 8 time
when the excitement Of the late election
was expected 70 reduce them, and when
Inc lateral streams are so low as 70 pre-
vest a general movement OF the cTJis,
Is regarded q very disc0uTG ging circum-
stance by the ''bUii' party The New
York Chronicle, November l4th, says:
aOlr reports tonight show that the
splendid picking season we have had
ibis fail has the past week been inter
rlBred by rain in many sections Of tn.
.gIth. It does not sppear that there
Vs. any severe wind connected with IL,
md Ne south west would seem 20 have
coed tle storm entirely. No frost
nss vet beSn reported from the lover
l7qIfof Texas. OF from 8 portion Of the
T9wer 8Iississip;0i valley, the sections ID
which the most benefit was expected
from the later grow N.
The following table shows the COM
parative weekly aud total receipts ct the
United States seaports up - the ostes
annexed: