Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-03-14
FINANCE AND TRADE.

FINANCE AND TRADE.
OUR REvIEw Of tue cotton msrket last
week r-ua-rsa milt'lng cotton IL New
York 81 D. q which on the next day sd
varr=t q Lls.. New Or'e4ns tGeE quot
81 l1ic, bu nCL d1y adya~ced 10 J. 2,
sui un M0liav 20 i2!c; or Thursday IL
declined o IL, p Liverpool quoted
6 I1Gi, lut next dsy adysnCei 20
5I6I, are cE Monday b s!d. Mem
pEis q13tEt J. :, but oa Monday ad-
vzaced % lie This K noe cheering
statement .han W. have been able 10
p-esen, the erd q a week for some
lime Tat New York mas sd-
vaHcei g., New Orleans 4, LiV-
sploi I6i, and Memphis t.. The
au-i" C.y batter tone II The Liverpool
msrEE, and smaller Tecsipts, srs The
cstsesof The gra flying chsnge. We re-
InaFkd 10 our last review tdEt, owing
20 hats being IN their re Urn from Mar
81 Ga: tIius, some iGcTfase Of receipts
was XDectcd; that increase Wss not real
inland the consequence was q tirmer
tonlEasu the weeks receipts we're an
nOuced, with a deci ietly bInysnt tend.
enc, There has teen q good inquiTy in
Gus lAIket foe slt descriptions Of clean
cOitos; she lower qualities, 1hen clean
ard fgo d s-aple, have besn In espa eial
favo @ hsiT & Telatively cheap and Offer.
log Girsc1cns TO the speculative buyer
TIE lste free sgiIs have iGcei our
stock which have diminished by 4C00
bales Tlgt clt'On has touched bot
tom and Is now on the upwaid course
is cOsidered 10 be evident, and holders
saowa degree OF confluence 20 which
theyiave for some tine been strangers.
The Heugth manifested 80 decidedly by
L!vqoJi Is said by sonc Ofthe Euro
psGI buyers to be simply q reaction
fTOnau abnormal dropping caused BY
the ate Of things which led 70 smsll
pan few days ago, resulting Ia the
disspeaTag &c Of certain operators.
ThfcTi-is being passed the market re-
turstO it, natural conditi IN, the con-
BEqsIcs OF which IS az advance. 50 far,
from Lied for middiisg to I6i.
The sst weekly cotton review of the
NewIOrk Bulletin sRys: "The very
libeT dacline made during the past
mon, and lhs very low prices reached,
haveetty W, Il checked farther "sh0rtp
sales but sent in a large deputS-
ton 70 cover both from the
smsi and large operators, and
eomf tue latter. closing W, outstsnd-
Ing gaaemsuJs, have gone over to the
Ctheside OF the house. With the e
porto work from, therefore, the msr-
bet q besn made 70 Fl the ascending
grOs with gregtzT ea7o and ct times
apEances wsTs quite Arm" The cot
tOuPort Of Watson 4 Co., Liverpool,
Fehry 18th, asks Why prices have
besriyen 20 low, II observes tAst al
thereat commercial nations are at
pea raj trade is not hurting our mar.
keuanchsster Is bot depressing Liver
pOdhere is 20. tag Of short time, and
adj ut is tr1s, spiuDers have taken
fro,nis mfrzeC during thu past seven
We nearly 81 COO bales less cotton
thduring the same period last year,
buney have taken so far this year
raF more than their consumption,
Unhst they should have done 50 on q
dealing market Woal seem to be proof |
of re COZ fideuce at Manchester in the |
mtensnce o! prices than has been
thase here. Oar pres nt stock is only |
70) bales larger than one year ago, |
a5his il nearly Offset by the 81, $50 |
ba decrease ia the deliveries to TIA
irs since che fret uliimo, IS compared |
W the same period last year. In |
or words the excess OF stock We have |
b, in Liverpool is nesriy offset by
deRsed STOCKS Of cotton held Ia 1
th misunderstanding district. Besides, |
tie are now ahOst fDr tEis port |
faa America aud India LAG, eco bales |
lethan 1T this time last year. This does
n look 81 II our market was going 70
bsverburdened with cotton. Further
me, tue supply Of cotton in and afiOai
fdhis MARI ct We now estimate TO nave
&C about % 500 600 less than the sup
10 we were dealing with one year
sst PreseBt prices seem 10 be choking
ofiIGia. Tie RECEIPTS a. Bon5bsy SO |
far are less than Gne-bslt WHIST they
wae last year 10 dale. The visible sup
pl-, too, II Should be observed, Is now
ODy SO 0U0 baIss larger than it was one
var ago, snd this is more Lasn offset by
tie reduction ia tie stocks held by Eng
lhh -spiuE ers. Again, then what is tue
matter? Why this extreme depression
haze? We can hut conclude that the
de1ressiou is largely due TO On urreason-
ing fright among holders generally
and 70 financial Teasness some Epecu-
lators."
Receipts in Memphis during the official
week aggregated Is $40 bslas, agofnst
Il ~ Bafts Nuc JEeNhiu1 "S5hs eShO NV
blles the corr, spending week last sea-
Ell. The tOIal receipts since Sept NJ,
bg l, 1875, are 425, 465 sg ,inst 292 329
ba'es at the CORES, ondng guis last sea-
SOD, showing an increase OF l22, 625 bAles.
shipments during the Off izl week
aggTeqa ed 1884 bales, against
10 GSI bales the previous week, and
1910 the corresponding wgek last sea-
son. Total shipments since september
LIST are 35I, $50 t&'es, against 24S 162 bales
the same time last year, sn increase Of
Iii, 62l bales.
The stock on hqud wa rs l6S bales,
against 7l,S32 baiss last week, and 49,
99S bales at this tiale h s. year.
Sales duriog the eek were 1900
bales, against $500 bsies the. PreYiausy
week. aad II 800 bales the pond
ing week las, yesr. OF the 1900 bales
sold this week, gpinneTs toak $3.50, ex-
porters 4TO0, spectators 1850; ag1inst
500 bales u spipners, 1900 TO spc 31ig-
tore, and 1900 TO exporters the same time
lest yesr,- --------- .-.
The following Shove the course Of the /
market and The price OF mid
ding cotton from the opening OF the