Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-11-19

At the close Of our last week ks review Of
the Official week o. the cotton market New York
New Orleans quoted 4iec. atd 50 remained. Liver
pool quoted ll-l6d; dec lned &c 5Hat Memphis
week OF declining prize s. owing primarily 10 the
condition CT things 10 England, where pa &c ard
eIect UPON cJmlnetce' cluNlng cOtOnmlls 10
shorten wOik n: hours, or close 6ltog thtr, some
owing 10 machln'ry bel superseded by new inyen-
lions. Expectations OF a large .op- five millions
ana a quarter are entertained IN that country. and
hll 70 Keep ouWn the pIce; tLey lCok Tor mlddllng
cotton 70 he 5d-tea ceuts-ln Liyerp oil. To
che decrease I'm quotations. Il VIII be- observed
there Is an eNeep lon IN The case OF New Orleans,
which qu Ges lsc above New NO.k. That city has
had ia rs favor TIE attendance Of some French and
spanish BUYERS OF hue e0uOn', blt the question Is
j. 10 selling on the same grading pa New York
lhlse COTTON m rStts that OelOng 10 the Onlted
states naioAAl cotton eX,hlnge have engaged u
grade their samples according 10 the International
Hpes suppIei by that institution. IL NeE O'lsans
mas Departed from THIS Obligation AMI calls bale
o. middllng cotton low mdd ing, OF course, while
ootiln.ug the price Of niddling and misnaming
ths cl,loh low midlllg, Inc price OF IoS mldfllng
Is made 10 appear We hlght 50 mat 1sw orleans
the cotton business after the war New Orleans
oneISa Woneelluy high prices, but when the
PLANTER SEM D+le or mlddllng cotton there II was
called low middllng High quotations were dis
PLAYED, the change OF grade vas discovered only
when dis ppolntment had shown growers a little
more OF the cotton BUSINESS than they wanted TO
isdtn; IN THIS connection We may refer to letter
Helena, accompanied by a copy of sales made In
New Orleans on its account, which sa es, says the
Ncry probably. so at the tine we alluded 10, the
gloed sales fully sustained the quotations, but that
idG aiJrds no satisfaction to the agrieyed planter,
heceiptS III Memphis during the official week ag
gregated - o64 bales, against 1921 bales the
previous Week ana I,92i bales the corresponding
week last son. and - S02 bales the season be-
IOre. The total receipts since September |, 1878,
were ob'2O baGs, against 20 20 bales at the cor
responding hue las- season, showing a decrease of
5s@13 bales. Iota! receipts same time in 1876 ~,
Shipments during the official we aggregated
oS4l bales, against 5000 bales the corresponding
week last season Total shipments since September
lst are 1913 bales, against IL go bales the same
time last year a decrease Of 64,3S7 bales
The total stock on hand s50,23l bales,
az tnst 81 % baoS last week, and 2SSS9 bales at
this time last year,
Sales during the week were 1900 bales Iii 200
bales 10 exp lrer5, 1929 bales TO spinners and S75
bales to spectators. uurng the previous week the
Ing week last year he total sales were TO- 800 bales
bales; spectators 300 balss Price of middling
cotton SAC, against lUl2c at the same time last
Total receipts at all United states ports. 1.35q-
300; same date, 1877, 1l3A ,627; same date, 1876
,43l, 7Og. Increase Of rece{ts at United states
ports this year 22S it bales against 243 q5g bales
last week. Total stock al al Orts 5l4.02g bales,
against 49,, - bales same stime the year before
WORLDS visible supply November Sth, l,551,3S2
bales, against l625 45j bales at the same time the
year b-foTe. Decrease OF cjtton In sight. 6S,0l3
bales as compared with the same date in 1877
the same date in 1915.
There was fair Inquiry for cotton yes erdly Mon
speculators were content TO be me-e lockers
without change Of priccs the cotton markets gen
orally sustained former prices steadily; Liverpool at
the close showed a good front. In our markets quo
tation remained unchanged. The New York B1iiehn
Of Thursday said: THE strengthening Influence
has been tOund principally in the better and 1rmer
condition OF me Liverpool. marnet, with some
sistance gained on the INCLINATION shown by poT-
tOn OF the trade to accept the current run of re-
csipts as indicative of the necessity for reduced
estimate o. crop The latter theory Is met by some
quite positive advi, eS from The south predicting
quite contrary results, AZ q claiming the compare
lively light showing Of movement Of supplies
only temporary, but figures as they stand are con-
sideIed best evidence BY the bull" Friday the
same paper reported: The element of available
supplies was prominent a factor to i7fuence the
position, tbs comparatively small amounts now
moving Inducing somewhat great 7 pTOmptness in
the bidding. especially the evidences are thought
TO point 10 continuation OF light receipts Tor
time I'm certain sections II the cotton belt Indeed
many Of the trade seem 10 be fully convinced tina.
planters along the southern Atlantic States and in
Texas are really lting their cotton back ana in
tending TO do 50 while current prices remain current
Ths movement toward cJnSumnt. on does not greatly
Increase, bat this tavOTab Sims thought
20 be shown 10th at home and abroad"