Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-25
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A. the close OF orr last weeks review NJ
tie colt II market tor the official week, New leIk
qIntet cotton AZ SAC, advanced during toe week 90
inf-r: New urlet quoted gi4c adv tnced 20 H.eci
Liverpool lu tei IS ., adv 'neei 10 0Fsd; Mempl
quoted piic sluc-d ~ g@4c TINS ststeneiit SHOWS
tn sd eek se are regtesirE TO have bern the mot
eyeltful tIin- e-,t prices Of any Of the season
and l4,ilhe- TIE sifoz tone 4il,.' Ili .,It
by or factors Tor We = past Eve- Wneh ih idluie
or thr banks H. rev Orleans Sas calcult.ed 70
suake confidence, they hell on with stern grip, u4-
faer 100 their assurance OF me stIVig posisoh oi
c.ttos "a the marset The nrmness II memphis and
N-g O.eau- conquered the Wayering that Existed IN
New TX, dnd the stfei gin | the American mtikeI
supp ted Liverpool, whicI has no strength OF us
% c uses OF the upward tlIn: Inc fArld Id,hlg
or "a the ipts AZ the American ports has been
tue principal element OF strength. and Il was but nas-
urd 10 expect that while the market WithstOod All
tff1fts To break t when receipts were pouring 90 "
an average Of tNenty nve per cent laIS 10 %
last year. would advance under Tenuc 81 "ii-
piles The cotton reaching the seabo I'd u a.
Inited states ports Tor the week amour 10 D.
% $50 bales, compared with ISl4l ~ y. tS %
reoucti n OF - pei cent. The imprAvid NOn..,''
Of manchester has also op rated fayo ab ,, tiough
the Prospects OF tha EnYilsn spinne.s = lvi lar
from enyiable Liver COL has. therefore, ed the
ldyance. bOtn-spots and futures moving up stsadlly
The advance IN upands spot has. however, Deet aD-
normal ana the qu tatiOns for them are the same
AS fnr orleans thiug which has Iarely happened
before. and IS probably TO be explained by tue Gov
erings OF tue shoHs. The sales I'm tRat market are
very much In excess OF last year. Ne" YORK the
bulls nave had their own wa, aud With only one
halt have advanced prices ever day,
tha sales for future delivery footing
% go 600 bales since last Friday,
Ths India crop movement continues on an
eet reun-ly small sac th- receipts at Bombay for
tbe wees enIing March 2Oth footing up Onlj 10000
baIrs az inst 3. 90 ana $4,000 for the CORE
sSmnbis resi- 4. last Heek were mail than those
OF any week since &c ober ana the stock was 5000
bales less than at tue beginning OF me month
Foreign BUYERS have again taken MR. pit'ahes'
The condition OF business In Europe ana the turn
OF exchange Sfe unfay raOle TO them Lower sIddes
OF cotton remain comparatively scare, anu aTe ~
den-hd at relatively bett prices. The eject OF
M weeks advance upOn Manchester remains 10 %
seen. u Will neutfalze the reductions made 10 tne
HaN..
ths claim that over prices for goods was an aoso-
R.e.,..ts in Memphis during the official week ag-
grecited 1923 bales against l4,321 bales the
Previous week and 1881 bales the corresponding
Tor. The Total receipts since September l., 1873,
we're 34B 81 IS bales aglnstj6355I hes az the cor,
RESPONDING lime laSt season, showing decrease OF
.g4l bales Total receipts same time In lSI6-I',
1851 bales. against 1862 bales last week, and
17.la+ bales the corresponding week last season I,
Total shipments sibce september LIST are IVA IVA
bales against $40 4SI bales the same time last year.
a decrease q 2h,Ut3 bales. - -, 49,, -.
The total stock on hand was 80 l1b bales,
against 5o.2O bales last week, and 1882 bales al
sales during the week were 1900 bales. $500
bales 10 exp rters 1850 bales to splnneTs ana i2U
b9la.' 70 spectators curing the previous week the
total 1ales wers 1880 bales During me GORE CORE
spending week last year he total sales were snU
balls. OF which exporters took 1850 bales; pun,
ners f5g o2ies; spe ;uaiorS 22O Dalss- rice "
mid5ling cotton. s24c against Ossc at the same Time
wGr RID, vdble supply at the end Of last week
> 5O0R5I bales, against 2, 745,l2a bales at the
same lime the year before. Decrease OF eution m
sight, 24f4sS bales, as COMPARED WIN me same
date I'm 1878. aEd decrease OF 53g,S49 pales' rs
comuared with the same date In 1874. -
rec cotton kilograms received yests,day lMon,,
d4yB present some reaction from IN Ouj(ancy OF
Saturday Liverpool quoted lower New YORK re
Tin-n quotations, but duh ail doYi futures
closed Grm Our market opened " IN good IN
quiFy at the aOY1Ece OF Sa urday, nut the Factors
were generally iloiile ent about selling at 'hrst
ces and higher asklnRs were common inns
keat buyers and sellers d art, and only q limited
amount OF business was done.