Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-11-26
COTTON.

At the close Of our last weeks review OF
the Official week OF the cotton market. New YORK
quoted }ssc; ~fter advancing 10 ! tic that marke
fell back 70 S3s New Orleans quoted gl2c-fell to
94sc. Liverpool quoted 55sd-feil TO al9d. Mem
phis remained at sc. These figures show the mar
ket TO be still declining. and complaints have been
made In New York OF TIE decreased operations OF
cot On-buyers, bat the NV Orleans Pic1y1Dc says
this has arisen from their coming south since the
disappearance Of yellOw-.ever. English troubles,
decrease Of working hours at English mills failures
and threatened decrease OF wages there. and the
closing OF some mills altogether Is sufficient 10 &C
a co.'s LiyerpoI circular says: THE decrease in
the export Of goods curing the past month has
cent" In our own market cotton arrives freely at
the rate OF $500 bales day, while shipments have
$500 bales the week before Sales, oSing 10 the
unfayOrable Influences we mention. were
the past tso weeks they have amounted
here u $1,000 bales ruring the two weeks Specu-
Il Gates confidence IN prices The New York CORE
spOndent OF the New orleans PiogytHe whites: at
Is beginning 10 be aIgusd that the consumption OF
cotton in this country fallen OFF OF late, but II is
not easy TO how this can be dahnitely arrived at
their purchases IN the New York market and depend
on the south for their supplies In course OF tine
II can be made apparent whether consumption is in
creasing or otherwise, but not so readily now as
when the PURCHASES OF sDinDeTS were chiefly made
by the statistics Is on tie Increase" watts Liver
pool circular has the following: "SpinneTs now
bought on the spot the day they buy it. Many mills
have not on hand enough TO Keep their machinery
sufficient supply for two or three weeks; but TAX
ing Lancashire as a whole we think IL safe 10 as
suIle that they have not over weeks consumption
on hand; The stock q cotton here l2SI,l2O hales)
Is lower than 70 has been at ans lime since
March, 1870. when 1t was down q 27l,2lO bales.
Prices Tor mltdlln@ lands on the spot are now
BAD lower than at this date last year and as OI as
AT any time since the close OF the American war.
On the basis OF , = sd Tor distant futures prices
as low they have en- since S5b The stock
OF cotton held by English spinnes We now estimate
at 2l;OOo bales, against l41.0UO last year, and
1II,OOO year before same daie'
Receipts IN Memphis during the official week ag
greg tied 22.5iH bales, against - 5bH bales the
week lass 3 son. and 23O9S OaleS the season be
fore The total receipts since September /, 1878,
responding Time last season, showing decrease OF
:}6,O3H bales Total receipts same time In 1876 "a,
Shipments during the Official week aggregated
1870 bales against 1928 ta'es the correspond
ing week last season Total shipments slnce Septem
Der LIST are - ,3l3 haeS against GUSTS bales the
same time last yeaT. decrease Of $1,000 bales.
The total stock on hand was 5S,ilO bales,
against 0,231 bales last week, and 2g227 bales at
sales during the week we're 10000 bales, /. 900
bales 10 exporters, 1900 bales 10 sp!nners and 900
bales 10 spectators. Durng the previous week the
total sales were 1900 bales. During the CORE
spending week last The total sales were l4400
bales Of which exporters took 5000 bales spnnsrs,
700 bates; spectators, 200 bale 5. Price OF mid
ding cotton =, against lOSIc at the same time
Total receipts at all United states ports. 153s,-
BqS; same date, 1871, BIB 1864; same date, 1875,
1854 49, Increase OF receipts at United states
ports this year - bales, against 22S6b3 bales
last week Total stock al all orts 56S 345 bales,
against B4S,O7i bales same time the year before.
Tne weather yesterday Monday was of the
gloomy, dark November pattern, with rainy
flEuatiOns; considering the unfayOrabie weather
sales were good. Cotton was IN demand especially
river staple and superior grades. The teleg ANS
were much Of the dull and easy stamp of Satur-
day; the most prominent point was decline OF lse
In New Orleans, making that city lac lower since
SATURDAY. week. The quotations of Memphis and
New Orleans are noW within lac Of each other