Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-11-30
FINANCE AND TRADE.

OUR REVIEW Of the cotton market last
week reported middIiDg cotton in New
York at l3lc; on Monday 1t advanced TO
l. 7-l6c, fell back on Tuesday to 13ic,
and on "wednesday TO l3tc. New Or
leans a. cur last review quoted I29 ?, nj
remained st that figure throughout the
week. Liverpool quoted Gid for mid
ding uplaDds, aud remains unchanged.
Memphis quoted 12lc, advanced on
Monday ID 1890, and fell on Friday to
l2tc again. This statement shows, for
the only change during the week, de.
cline Of &c in New York, Tut SIS the week
ends the prospect is not ss cheerful as
this fact would intimate. The eastern
mill complain that their goods do not
20 of satisfactorily. The reason OF that
Il said u be over production, but is real
" under c7uzumption-that Is, large
portion OF those who Lave been consum-
ers a cotton goods, owing 20 the misery
of the times, cannot obtain SIS much OF
then as they ought n have for health
and comfort. This reduces the demand
Tha want 81 demand is usually met by
mil owners with reduction ( wages,
VIII b only increases the evil IL was
meant TO cure. Ii is to hepublic interest
thu, all citizens should be consumer.
Tba last wee ly report OF the New York
Bulletin reported a spiritless market.
The report Of the Agricultural bureau
indicating a total crop CT less than four
millions o! bales for the 5taSOn had re-
vlvirg effect. Those looking for rise
calculated upon the comparatively low
ruling rates and the prCspsct that such
must ultimately attract more general
consumptive attention, and also upon
shorter supply OF cotton than now sd
mitted ss likely; while on the other
hand the claim is for full IL not surplus
crop, the slow call thus far from custom
err, thesame SORT of condition OF the goods
market, and the dull movement of all
CLASSES OF merchandise, with aecumuls-
ting evidences that buyers can only be
attracted by easy terms. The iDcreas-
ing shipments Of American cotton goods
TO European outlets has occssioned some
remark, but seems 10 exc Tcise no decided
influence on material. In Memphis the
demand has been moderate, and the
stock of Gotten on hand has increased.
The weather has been dark and gloomy,
with occasional rains, and the proper
ton of inferior cotton is increas-
ing in consequence. Dusty cotton
meets with neglect there is some
den a1d for bright stains: the
principal inquiry, however, has been for
low middIiug and above, grades above
m ddling holding their price well. The
fullnets OF receipts, as compared with
last year, has had s continued depress-
ing effect upon prices, and the last week |
the depression was decreased by difficult
ties in Europs, growing out of compiled
tons about Turkey, and the export de- |
msnd in our market was sensibly affect |
ed, Is the decrease Of sales for export a!
the latter part of the week clearly de- |
monstrate. We observe that the Vicks- |
burg Herald CONF lains as follows: "The |
present low prices are q source OF much |
TO the producers, who |
have 10 pay about one.thiId OF the value |
of a bale Of cotton for IFS being picked. |
This fact may result ia considerable cot |
ton being left unRathered. So fsT this |
season about 25, 600 bales of cotton have |
been rAshipped at this point, which gives |
Vicksburg no revenue" Shreveport re-
norris a receipt OF Is, 800 bales this year,
against I3, 100 at the same time last sea-
son. Sea leland cotton is reported in |
good demsrd st Charleston, where II |
brings 35lay4Oc a pound for Carolina, and
80 - Csc or Florida.
Receipts an Memphis during the week
ending Friday aggregated q 4S5 bales,
against q, 294 bales the previous week, |
and 1885 bales the corresponding week |
last season. The total receipts eince
l, 1875, are Isl, All bales, |
277 st the corresponding time |
last season, showing sn increase Of 81 ,l34 |
bales.
Shipments during the week ending |
Frjoay aggregated is, 3l4 bales, against
20 34I bales the previous week, and 10, lo6 |
the corresponding week last season.
Total shipments since September LIST
are I23, 266 bales, against So O5t bales
the same time last year, an increase OF
IS 2l5 bales
The stock on hand was 36,7l7 bales
against SO, $40 bales last week, and a, O57
st this time last year.
Sales during the week were Il, 100 |
bales, against Il. 800 bales the previous
week, aud $500 the corresponding week
last year OF the 14.100 bales sold this |
week, spinners took 7050, exporters 5000.
spectators 1859; agsinst AGO bales to
spinners, 1000 10 spectators, and 34OO TO
exporters the same time last year.
The following shows the course of the
Memphis market and the price of mid
ding cotton from the opening Of the
season: