Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-05-14
Memphis aud Little Rock.
COTTON.

Our last weeks review OF the cotton mar
kets Official week, quoted middling in New
York at 1850, adyaueed to 10 IL Lice; in New
Orleans, l0lic and so remained; in Liver
pool. So and so remained; in Memphis,
l016c, advanced to I0l4c. This summary
shows very slight changes, but what there are
In an upward direction. The Improvement Is
owing to the more peaceful aspect of foreign
affairs, ana consequently more active mar
ket IN Liverpool with a strong upward ten
dency The improvement only slightly
affected New York as that market had been
previously upheld artihclally 10y local maDlp-
ulation. In our market the sales were larger
than on the preceding week, but only very
small portion OF them were made to export
ers There is yet no assurance of peace In
the east of Europe, but the balance inclines
more to that side and hopes that war will be
avoided are stronger. The favorable effect
of this improvement Is partly neutralIZed by
the strikes at the English mills and general
attempts there to reduce the prices of labor.
Here and everywhere else, on both sides the
ocean, the general depression OF trade al
lows Of no important improvement IN the
cotton or any other market unconnected with
war material or sustenance. The New
York correspondent Of the New Orleans
Picayne reports: Manipulation IS the or
clique collapsed last week, but it Is SAID the
more respectable members of it remain to
uphold the market. hard time they have,
however and it is the continued belief of all
unbiased minds that break far worse than
that of last week is only question of brief
time" The last weekly review OF the New
York Bulletin had the following: The lar
gest business and the widest fluctuations
have been on the four months to the end of
the present crop year, the next being handled
with a show of considerable caution on both
sides. In addition to the throwing over of
contracts it is understood that some Of the
bulls have been coaxlng exporters with ac-
tual cotton on notices at many points below
regular, and not meeting with much success
have resorted to direct shipment IN the effort
to ease up on the load they carry. At home
the movement at the ports has kept up, and
the interior towns still promise well, while
planting made excellent progress and con-
sumphve demand was light. No ordinary
influences, however, appear t. have any
great weight with operators, aud the posi-
ton of affairs on every change has been very
uniformly attributed TO manipulation"
Receipts in Memphis during the official
week aggregated 2503 bales, against 1888
bales the previous week, and So oaies the
corresponding week last season, and 3053
bales the season before. The total receipts
since September l. 1877, were 1896, 073 bales,
against $40, 99l bales at the corresponding
time last season, showing an increase of 49,
082 bales. Total receipts same time in 1875
was Az, 04S bales.
Shipments during the official week aggre-
gated 1851 bales against 1888 bales the
previous week, and 5243 bales the correspond
ing week last season. Total shipments since
September LIST are 382, 19l bales, against 347,-
SCI bales the same time last year; an increase
of 34,6l0 bales.
The total stock on hand was 10, ia bales,
against 23,032 bales last week, and 34,Sl3
bales at this time last year.
Sales during the week were 1900 bales,
$50 to exporters, 4450 to spinners, and 20G
to spectators. During the previous week
the total sales were 1850 bales. During the
corresponding week last year the total sales
were 1000 bales, of which exporters took
2l50 bales, spinners 1850, spectators 100.
Prlce of mIddling cotton l01sc, against 1O1sc
at the same time last year.
The following table shows the course of the
Memphis market and toe price of middling
cotton from the opening of the season: