Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-08-13
llcrnphis aud s.ittIe Iiock.
COTTON.

In orr last weeks review of the cfiicia.
week ~ tue cotton market sc quoted middling cot
20 l2:; New orleans 4uoted liLc, advanced to
/ i+sc, Liverpool Irluied bt4d sind 50 remained
Memphis quoted lliic. advanced TO llt-c- This
statement shoss a general advance, owing 10 goOi
call FOR cotton ln the markets ana deere sing stock
The spnners accredited with taking nearly every
thing that Is bought. but the New YORK ButftH eX-
presses the opinion that good many purchases
have been made by eastern spectators. Almost
buoyaut feeling reignsd portion o. the week. but
there was some reaction at the latter part OF
ON account the aoylc-s frOm Liverpool being less
favorable. In our market the small ssock on hailu
affords little room for fluctuations. The last weekly
review Of the New York Bulletin said; The bulls
have controlled matters with apparent ease. aud
fav red by the stimulating Influences OF better
sumption, both nc home and abroad,
and consequent closer and more thor
Win erowlEg belief that ahaieysT may be the
quantity Of the incoming CROP, The date OF Its re
ceipt iu suili-ent volume 10 influence the market
has been estimuted TOO early by several weeks
Splnners 20 IS claimed, appreciate this quite gene
especially those whose prudactlii OF go0ds c0hlItis
careful selection 81 special grade, and which daily
becomes more uil-Cl' IT'S pfOoaOle mat the nome
movement alohe WQuld naNe Deen suHlcienliy iO"-
erful influence 10 stimulate the market but Liver
pool mas also lscn uay 'sslstahce N tne 10TH OF
an active and nrm spot market ana lalfy encOuI-
aging future operations combination through
which the skeprcd appear 70 come 10 the conclu-
sion that coion lyI TINS nUnlh anu mex
has strongly fortified position. and that
covering IS e-rts My ludicious and pur-
chasing not an altogether risky venture SO
far as options for The next skis day are concerned
The average crop .dyic-s received have been or
favorable character. and TIOm points very
forward. but 10 viii require an actual movement Of
cotton toward the open market 10 bring conviction
that new supplies are c ming Within reach. The
situation OF affairs al New Orleans respecting qlaT-
antine etc. on account Of the presence OF yellow
fever mas also been s'meShtt OminouS, and eNcites
more or less apprehens.o among portion of the
trade"
Receipts in Memphis during the official week ag-
gregated 1O4 bales against $40 bales the previous
week aud 34i bales the corresponding week last
season and 6lG bales the season before. The total
receipts since September /, 1877, were Al l,2O0
bales. against .}S3,3t3 bales at the corresponding
time last se7sOA. showing an Increase of 21,S32
bales. Total receipts la 1898 was 4S0.OUg bales.
shipments during the Official we k aggregated
qi4 bales against SD bales the previous week,
aud 1882 bales me corresponding week last season.
Total shipments since September lSt are IL, $50
bales, against 3S2,206 bales the same time last
year, an Increase OT 1919 bales.
The total stock on hand YVES l1l2 bales, against
1922 bales last week. and $3.50 bales at this time
last year.
sales during the week were $50 bales all to spin
ners During the previous week the total sales were
g75 bales. During the corresponding week last year
the total sales were 100 bales, all TO sptnners.
Price Of midallng cotton llSoc, against 1Osc at the
same time last YEAR
The following table shows the course OF the Mem
phls market and the price Of mddling cotton from
~ Oueuiuu Of the scHNOO.