Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-11

ne cotton market for the cli-.I week, New York
u0ted middling at g l;i-ltc So ned during me
eek 10 g9ic: New Orleans quiz tiic, declined TO
Eisc. Liverpool quoted 52sd, Cc' 81 70 5-16d;
Memphis quoted Htic. fell TO ei-r TINS statement
all the principal cotton markets. The fact IS the
Foreign market has no strength, as the occurrence
nales evident FOR the last four weeks In our own
narket, the purchases OF eXpoTtsIs has fallen De
tderably ahead Of them. Private accounts from
liverpool and Manchester are more dlsc9lIsgl i,
iys been steady I'm their demand ana All above The
lowest grades of cotton have been readily taken.
The factors in view OF the relation Of the total crop
p the years calculated requirements are urn 10
heir assings anJ, for desirable parcels, get lsc
I1rsde cotfon is unusually scarce for this season
Band the same Is the case IN New orleans. The diff
81 ference between the amgunt OF cotton received In
his market this seas and last Is rapidly narrow
celpts sti arriving show tnat the decrease against
last year Will soon be very slight; al the same time
he stock IS al nearly The same figure as last year.
The New Orleans PtrGHttBc remarks: The Specula-
tive element has been remarkably wayerng.
many weeks, showed ciminutiOn compared with
last season, the markets took a downward Turn
early In the week ana II seemed for time that vic
rory had az last crowned the Efforts OF the bears
and the long lookei for breakdown ior when
+ burned later, only, however, to resume the down
grade atthe close Of the week. AT Liverpool trade
Is dragging aud prices are lower on spots than on
last Friday by 1-l6c. u Is admitted on all sides
th At trade Is dull In the United Kingdom and com
s Iifiisol Sun, they must 90 on and the con.
the result to individual manufacturers, and some
thing must be allowed on the side OF present values
for the Increased burden on the American crop by
reason OF the short supply from other sources.
What effect the Bombay movement will have upon
tlon. IT, anticipated, the shipments from lnGia
hencefOrth augment rapidly 1t would Tend to cheap
have heretofore ruled abnOTmally high. But whatever
the statistical position may be, our own market is
tIcularly resists all efforts to put down prices.
When adyces from abroad are encouraging, factors
the other hand, when the kilograms are unfavOra-
BILE buyers do not. rue get the concessions de
rates and holders are therefore prepared 10 resist
the attack OF the bears AID while they are not al
ways able 70 sustain prices, Jet have powerful In
iuence I'm checkiCg the speculative element"
Speaking or the last monthly overland movement
report the same paper says: The statement Is IN
many respects a remarkable one, as It shows a
marked change In the position as compared with
spinners have quietly entered the interior
and seaboaId markets and taken ,Ep2,6g5
or more than I5,OCU bales per week above
the average OF lhslG weekly consumption
the ports and 90 225 from the interior direct The
overland movement 70 the mills shows an excess
110,19 bales, and Is Within IL 100 or the aggre-
gate for the entire season OF lS11-IS. The extent
of the movement Tor tine past SIX months, Shen
created general surprise, as few, II any expected so
urea d
previous monthly statement OF the National ex-
Change The New York sttiLctH speaks rs follows:
s'On Contracts there has been more doing but only
at sacrifice OF cost along me entire lhe Inc IN
dcatiOns OF increasing weakness have become quite
pronounced ant sellers were plenty with the offer
Ing gradually forcing down prices upon all the lead
ing months, many or the longs exhibiting cOnsid-
cradle anxiety 10 unload. Operations were managed
with sufficient care to prevent serious break or
pancky feeling, and the Father lighter receipts at
the poT,s tended no doubt 10 partially neutraze the
weakness but the failure of the foreign markets to
afford any aid seems for the time being at least to
discourage the advocates or higheT-pHced cotton,
Receipts In Memphis during the official week ag
Rregated l53i1 bales, against l4,46O bales the
y3TsYions week, aud sass bales the corresponding
Wee. last season. and 5O52 bales the season be-
fore The total receipts since September l. 1873,
we're as, 97I bales against bales at the cor
respondn0 lime last season, showing a decrease of
2OO4S bales. Total receipts same time In lS16-I7,
357 ,623 bales. --,
Hasa bales against 1882 bales last week, and
IO.SS2 bales the corresponding week last season.
Total shipments since September LIST are 260I3l
bales against 2qO SS4 bales the same time last year.
a decrease Of 25,153 bales. 1900 ,
The total stock on hand was 5S 494 bales,
against 5SO51 bales last week, and 57,s27 bales at
this time last year. .o,, ,--o
aeS 70 exporters, 100 bales to spinners and BOO
bales to spectators During the previous week the
total sales wee l24O0 bales. During the core
sDOndIng week last GEAR the total sales were 9O0O
bales, OF which eXporieTs took 400 bales; spin
ners, 1858 bales; speculatOss, {OO bAles rice OF
lnlddling cOttOnSsc, against USsc Il same time
woriS's visible supply February 28th. 2,535.941
bales against 2747 ,2J3 bales at the same time the
wear before. Decrease OF cotton In sight q Boz
bales as compared with the same date in 1878,
and decrease or bsgJ,oS8 pdlts, as compared Win
the same date In 1871.
Yesterday Monday the cotton kilograms bad
more cheerful look; the tone was good, and IN Mem
phIs and Liverpool there was some advance II Will
be noticed that the Memphis quotations are higher
than those ct New orleans. The Inquiry was active
fnily m 70 the advance. Shipments were large ard
the stock IA hand was lowered.