Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-18
NMTTnE.

At the close Of our last week 5 review of
e cotton market for the official week New York
Oted middllng c5tton lt Ssic, aud so lt remained
ring the week. New Orleans quoted else. ad-
need TO elic. Liverpool quoted 5lsd, advanced To
iteme1t shows rising market. and the tone at
2 Close Of the week showed that the advancing
ndeney was stiil uppermos'. The advance appears
De owing 10 a stronger feeling Ia Liverpool. not
ought about, however. By any advance in goods,
Manchester has renal ed depressed, bu: b. the
ObaOlllU that the years supply viii barely meet
years wants. outside OF the United States the
N p.ily Is a diminished one. The APPEAL, ON sat
day published London tele ram announcing
e important fact that "A Bombay dispatch, received
ere. states that the Gotten crop Of BeTaT and the
ntral provinces Is estimated az one half he :. for
Q present year than for that or 1878. Ia our
1rket the demand for cotton was active all the
Elk, and came principally from spinners. The ex-
rters took less than half as much they. In
W York, New Orleans, ana Memphis, ordinary
"a good ordinary cotton bring a relatively higher
Ice, owing 70 the scarcity OF hose grades.
receipts IN Memphis during the official week az
gated 4,S22 bales, against 1887 bales the
5ylons week, ana b.St 6ales the corresponding
ek last season, and 42l5 bales the season be-
=. The total receipts since September |. 1873,
Re ~ 5s3 bales, against 353 2O6 bales at the cor
iponding lime last season, showing decrease OF
- . bales Total receipts same time IN lS76-'77,
I5hipments during the official week aggregated
.0b2 bales, against I4,S14 bales last week. ana
81 bales the corresponding week last season.
4 tai shipments since September st are 27a 1888
les, against 3O3,2S5 bales the same time last year,
The total stock on hand was 80. 764 bales.
.
4 5 time last year.
iaies during the week were I3,15O bales, 1000
les 20 exporters, $3.50 bales to spinners, and 800
les 70 Spectators. Durng the previous week the
M sales were $4,000 bales. During the CORE
ludlng week lastyear The total sales were 700
les, OF which exporters took 1900 bales; spin
r., 1900 bales; spe -ulatOrs 300 bales. Price Of
dIlng cotton,sl4c, against OSse at the same time
Worlds visible supply at the end of last week,
l23,658 bales, against 2,34I, $50 bales at the
ne lime the year before. Decrease Of cotton I'm
ut, u .DDl bales, as compared with the same
70 In 1873, and decrease Of 1888 bales, as
impaired with the same date In 1877.
The New Orleans Picdyune, OF SATURDAY, says: 1.-THE
jnthly report OF the National cotton exchange,
owing The heaviest overland movement on record
)ugh u brought more cotton into sight, was con-
ued by the bu Is as a favorable showing. They
;ued that the large purchases by northern spin
rs Indicated confidence In values, and lead to the
erence That the trt1e In manufactured goods this
1 OF the Atlantic was In healthy condition. Ltv
ureS were advanced, while the bulls forced prices
New York for forward delivery up rapidly. Though
re was reaction on Wednesday, and shrinkage
prices abroad. which made It easy 10 buy here, yet
the close the situation mas again become decld-
favorable Tor sellers. Altogether. the week has
'eioped the Strength Oh the market to an ex-
{ that must have demOralized many Of
u bears With accommodating evidence that
American crop Will exceed average est-
ties. and probably reach the outside figures
ces are not only sustained but forced upward. II
commended the short supply from other sources
IN America makes room Tor The surplus of our
p, while the low range OF prices IS calculated TO
mulaie consumptlon. Though the Island OF Great
tain Itself may be unable 70 consume the same
antity OF cotton goods as last year b. reason of
Commercial depression, the improved condition |
the people or India may act an offset 10 this.
tain Il is that that the Increased receipts Of Amer
cotton his year has not en- argad the worlds |
IDLE supply and there IS less Gotten in sight than
re was al this Tins last year"
ne kilograms were again favor bic TO holders |
terday (MOuday) Liverpool, New York, New 1
cans and Memphis we're all higher. New York |
ITS were "duli all day, yet they advanced but fu-
es we're strong as we'll as higher. The demand |
our market was gOJc, except from exporters, and
price advanced lsc on miCdling, closing strong.
It's review OF the market the new York Bulletjn i
In regard 90 cotton: 9TH re has remained a |
ong bull element, with professions Of an abiding
IN I'm the staple as an article for Investment and
sing theiT confidence upon pretty much the Old |
% les. These may be briefly stated as, first q |
LEI that cotton Is cheap at the ruling line OF cost
second, that tue deficiency Ia the growth OF |
er portions OF the world more than neuiIalizes /
h gain Shown or probable on the American crop.
ne OF our largest and most successful operators /
por this side or the question. ana their Influence
proven powerful In combating declining ten
lcies."