Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-23

3 347, 900 bales; 1856, 1920 bales;
1857, 4,474 900 bales, and that OF the
current season, now near ITS close.
which may be set down at 100000,
or the largest since the war. The de-
creased growth this year In India, Egypt
aud elsewhere does not present any danger OF
this amount of cotton being too much for the
markets. European accounts show that
American cotton has again become the great
source of supply for the markets of the world,
as was the case before our war. The receipts
{ cotton az the American ports since the
frat Of September last have been 2S6, 900
bales in excess of the corresponding period
last season, and yet the visible supply OF
American cotton is 10000 bales less than
one year ago, showing an excess IN the con-
sumption for a little more than ten months OF
more than 10000 bales. The visible sup
plies OF cotton OF all growths in the markets
OF the world, as last made up, were $500
bales less than one year ago, and Cos 900
bales less than two years ago. 1t Is this de-
hciency that constitutes the present strength
OF the market, aided 10y hopes Of better trade
owing to the success OF the congress and the
entire restoration Of peace. The New York
Bulletin IN its last weekly review of the cot
ton market said that the large number of
cotton operators now absent on their summer
vacation decreases transactions. There IL an
undertone Of weakness with much tinildIty;
10 the close of the present season. Liverpool
advances failed to prove stlmu-
liant Watts & Co.'S Liverpool
cotton circular of July 9Th has the
following: Our market was somewhat de-
pressed by public kilograms reporting that
the New York Commercial and Financial
Chronicle made the increase IN acreage
planted, this, as compared with last year, go
per cent. Total II, 260, 800 acres), whereas the
agricultural bureau and the cotton exchanges
had previously Indicated an increase of only
ia Per cent. Without undertaking to decide
which authority Is nearest correct, If we as
sumo that II, 296, 500 acres have been planted,
the yield the coming season would, if as short
as in 1915, be 4 2S2 600 bales, and If as
large as in 1876, would be 4, 800, 900 bales,
while an average yield (3S5 bales per 1000
acres, as shown by the table given in our last
report would be 4, 724, 900 bales"
Receipts in Memphis during the official
week aggregated ASS bales, against 843
bales the previous week, and 631 bales the
corresponding week last season, and ASS
bales the season before. The total receipts
since September l, 1877, were 400, 316 bales,
against 3Sz,3lS bales at the corresponding
time last season. showing an increase of 26,-
99o bales. Total receipts same time In 1876
was Asa, 435 bales.
Shipments during the official week aggre-
gated 1874 bales against 1879 bales the
previous week, ana 0Ul Oales the correspond
ing week last season. Total shipments since
September 1st are All ,646 bales, against
37S, SOB bales the same time last year. in
crease of 81, 743 bales.
The total stock on hand was 1862 bales,
against 1881 bales last week, and 1918 bales
at this time last year.
Sales during the week were 100
bales, all to spinners. During the
previous week the total sales were
1925 bales. During the corresponding week
last year the total sales were 1925 bales, all to
spinners. Price of middling cotton lie.
against 1l19c at the same time last year.
The following table shows the course of
the Memphis market and the price of mid
ding cotton from the opening of the season: