Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-08-27
GNT,TON.

487.
COTTON.
In our last weeks review of the cotton
| market of the official week we quoted mid
ding cotton in New York at II 15-16c ad-
vanced to 12c; New Orleans l11s6, fell to
lie; Liverpool 9-16d, advanced to 11-l6d;
| Memphis Il36c, declined to I116c. This
statement shows that during the week New
York and Liverpool advanced, while New Or
leans and Memphis declined. Owing to the
| presence of the yellow-fever the two latter
places have small shipping facilities owing
| to the quarantine so generally established
| against them. The difficulty in shipping de-
creases the amount of receipts in the general
| market just at the time an increase had been
| counted upon from the forwardness of the
| new crop, and this accounts for the advance.
| Bad reports of trade in Manchester affect
| Liverpool unfavorably, but everywhere the
| yellow-feVer news exercises the principal in
| tiuence. The New York correspondent of
| the New Orleans PicGyune writes: ''lf the
| English spinners who have lately been pur-
| chasing from hand to mouth should go into
| the Liverpool market through fear of short
receipts at the American ports next month,
| the foreign market would bounce, and we
should go up an additional cent pound with
all ease"
Receipts in Memphis during the official
week aggregated 374 bales, against 636
bales the previous week, and 1913 bales the
| corresponding week last season, and 628
bales the season before. The total receipts
since September l, 1877, were 412, 259 bales,
against 3S3, 798 bales at the corresponding
time last season, showing an increase of 3D.
46l bales. Total receipts same time In 1876
was 486, 281 bales.
Shipments during the official week aggre-
gated 54 bales against 877 bales the
previous week land 40 bales the correspond
ing week last season. Total shipments since
September LIST are 416, 1876 bales, against
383, 3Sl bales the same time last year, an in
crease of 80, sos bales.
The total stock on hand was 1865 bales,
against 1471 bales last week, and $500 bales
at this time last year.
Sales during the week were 275 bales, all
to spinners. During the previous week the
total sales were 425 bales. During the cor
responding week last year the cal sales were
1125 bales-none to exporters, 1925 to spin
ners. Price of middling cotton ii &c, against
10 Lice at the same time last year.
Net receipts at the United States PORTS.
1913 bales, against 1920 bales in 1867. and
S575 in 1855; total receipts, 4 ,237, 1893
bales, against 3 1886, 1893 in 1867, and 4, l14,
027 bales in 1886. Increase at all the ports
this year, PSI 900 bales over the same time
last year. Worlds visible supply. August
9th, 1924, 357 bales, against l,873,6S7 bales
at the same time last year.
Liverpool spots were reported yesterday
(AIonday) firm and unchanged; offerings in
arrivals were free and 1-32d higher. No
change in New York spots; futures were
barely steady, and two to five points lower.
New Orleans closed firm and 1sc higher.
Our market was nominal, with unimportant
sales, and quotations continued without |
change, as follows:
Ordinary, 915c; good ordinary, 104c; low
middling, 1920; middling, IL &c; good mid
ding, lac; mlddling fair, 12c; fair, 1218c; |
stains, 10@1lc.
The exchange cotton statement reports
Received, Fl bales; shipped, - bales; total |
receipt from September LIST, 412, 1875 bales; |
total shipment, 416, 378 bales; stock on hand, |
1899 bales.
The following are the New York market
reports for yesterday: Ordinary, 10 ) Ice; |
good ordinary, II 3-i6c; low middlIng, 1I34c; |
middling, II Lie; good middling, l214c. |
At 1920, quiet 40 quiet. Sales, 9O4 bales. |
The following are yesterdays closing rates |
Il15; 0T February oe @1122 luna" March ii p
CLIPS; April, 1L33@11.35; May, 1I.41@
August, 11.O2@12.O2; September, 1870 |
-; October, 1138 @; November,
1.19@1120; December, 11.13@1114.
The tone of the future market was at 1912.
steadier; at 1890, quiet; at 40, steady; at
2:25, barely steady. Sales, $4,000 bales.
New Orleans closed firm at 111sc for mid
ding. Sales, 500 bales; receipts, net, ST.
bales; gross. 81 bales; exports to Great Brit
ain, 6l6 bales. Stock, 5z9 bales.
Liverpool kilograms reported the market
firm; middhng uplands, 11-16d; Orleans,
6 1864. Sales, 10000 bales, receipts, -
bales.
Liverpool arriUals opened 1-32d higher; Of
ferings free; August 6 11-16d; October, H.
1896 q. 32d; August-September, 11-16d;
September October, 11-16@6 21-32d; Octo-
November, 6 1924.
Received at the United States ports since
Friday, 1866 bales; exported to Great Britain,
1915 bales; stock, 42, 712 against So 25 last
week, and 127, 100 this week last year.
The New York Bulletin, of Friday, stated:
There could not be discovered any general
desire to invest, and the buying was done
mainly on account of southern operators now
on this market, with occasionally little
covering; all operators are awaiting new de-
The yellow-fever, unquestiona-
bly,, is an influence overbalancing everything
else on this side of the water at present, and
the effect upon the movement of supplies
daily becomes more decided bull feature
generally. Liverpool has, as
yet, failed TO take the alarm, but the symp-
toms are thought to be more prominent, and
have added little strength to-day. AS a
rule, everyone connected with the market
feels IN too doubtful a frame of mind to take
an active part at present, and while opinions
are decided as to what may ensue under GER
tain possible contingencies, it is deemed pru-
dent TO move slowly lust now