Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-08-06
COTTnN.

In our last weeks review of the official
week OF the cotton market, we quoted
advanced during the week to ] 7sc; New Orleans
quoted lI4c, and so remained; Liverpool quoted
advanced 70 lllic. This statement shows adj
vance In most OF the markets. The New York But
"a continued full movement of spots and correspond
ing reduction OF available supply and the firm tenor
accounts are concerned there does not appear to be
anything of an unfayorable character at hand"
large, $40 bales, against 545 last week,
and 345 the same week year ago.
for which there was good demand all week. but Of
ferings were generally light and poor. Our demand
ply although our receipts have been 27,500 bales
beyond those OF last year. Had they bsen 100000
sold. rms Is a consequence OF the superiority OF
the cotton sold in this market, superiority
on in Paris, where 1t received the first
prize. The New York Blsttetja, In Its
owing to prominent and convincing supports to the
market the supply being limited and under control
upward turn b. advancing higher than many opera
tors believed possible as lsd had been regarded
Vorable TO large Yield, though the extreme early ar
rivals some had predicted were not verified another
fact that helps prices. Yellow fever at New Orleans
far e1cites no special Influence The New Orleans
Picryluse, OF August Sd, reported the total stock
The New YORK IuuetiH, OF July 2Ith, reported /:
THE quantity OF cotton taken by American spnners
ltafJ s.,
or DOB 900 bales more than in the next proceed
ing the panic which shows that during the period OF
unnltigated complaint, this branch OF manufacture
has made progress OF 1912 per cent. The conse-
quence OF this development mas been an important
recovery OF the status OF our cotton fabrics In foreign
markets, the exports having risen from l31l3,OOO
yards I'm the fiscal year lSI2-3 TO lOb,3IO,-
500 yards In 1851" Waits q Co.'S Liverpool
circular OF july 9th reports advances I'm American,
Brazilian and Egyptian cOttOns, with large sales on
speculation while the takings Of the trade were
liberal az 10 lead TO belief either that Manchester
was not as bad OF was supposed or that splnneTs
anticipated scarcity and higher prices before the
cause the crop there TO b. month or six weeks later
than usual. The Bombay f'Tice Current says: III
We take the deficiency In Dhollerah this year into ac-
count the quantity Of cotton available for export
during the remainder OF the year Will be something
less than last" The FIRST bale OF new cotton from
the Mississippi valley received In New Orleans this
year arrived July 3lst from Adams county, Missis-
slppi; Il was fully matured and OF good color and
some years and sold at auction AZ iSl4c pound The
first bale received at Savannah arrived there July
Both, classed low mtddiu2. and sold at &c pound.
The first bale received at New Orleans last year from
the Mississippi valley was August 10th; in 1876,
18th: IN IS73 August i 81: in 1872. August an.
Receipts In Memphis during the official week ag-
gregated $40 bales, against 545 bales the previous
week, aud 345 bales the corresponding week last
season and $40 bales the Season before. The total
receipts since september .s1 1877, were 4lO.30l
time last season. showing an increase OF 2I,414
bales. Total receipts In 1919 vas s4.437 bales.
: Sbipurents during the official we K aggregated
bI2 bales AGAINST t7l3 bales the previous week,
and 1880 baeS The corresponding week last season.
TOtaI Shipments since September 81 are 4i3,S7l
bales against 3SI ia bales the same time last
year, an increase OF 32,69I bales.
1874 bales last week. and 1856 bales at this time
Sales during the week were g75 bales so to ex-
porters; OPS to spinners During the previous week
me total sales were 1850 bales. During the CORE
spending week last year the total sales were 800
bales all to spinners. Price of middllng cotton
IIIc, against I1sc at the same time last year.
The following table shows the course OF the Mem