Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-04-01
ONTTNN.

&C the close of our last week S review OF
cotton market for The official week New York
ted mlddling cotton at l0lsc, advanced TO l0l2c;
Z Orleans quoted disc, avaneed TO 9Ssc; Liver
L quoted 65sd. advanced 10 59sd; Memphis
ed g3tc. advanced 10 iOc This statement again
we'd week OF advance At the beginning OF
|fuary New York quoted 9igc, New Orleans 9l4c,
.rdool 5-l6t ano Memphis &c. Inc improve
t is great. and Is owing 20 the very strong stalls
Il position lt has begun 10 assume since receipts
l. declined. The advance, however Is borne very
tieatly by Manchester where tie price OF labor
been reduced on account OF the alleged tmpOS-
Its OF manufacturiag at the current rates. The
OF material u1g ncutral!zes the eject or that
H. Buyers, as cur figures have shown, have been
NJ little for export since The middle OF FeDIuary;
laps the need OF supplies may loTes mem Into
wits before long, but sheir qulelude delTcts from
animation OF the market. Our Memphis
Ipts are becoming light, and it
/, ID 900 bales difference between The receipts of
present season and that OF last. In our marked
principal feature is the remarkable hrmness OF
ors. IL is Observable that the official week ends
a the price Of middling los, being the same as
ne euu OF the corresponding week last season
It'll continued falling OF in the receipts at the
erican potts the statistical position OF the staple
grown stronger. the deficit Ia other sources OF
ply Il Is evident cannot be entirely made up Dy
surplus American crop. and even at the past rate
consumption there ms been difficulty IN figuring
an actual comparative scarcity OF tue staple The
ward movement OF the past two weeks has, thege-
gone on st adily despite the British reports OF
condition OF SINNERS there. who are represented
using money on every pound or cotton
ne their factories and who have struggled In vain
ret the price Of yarns and fabrics up to figures
Will Afford any profit AS long, however, as II
statistical fact that these spinnerS are competed
sifc instances TO 80 o. and take raw material, the
lion producer gains by their losses" The last
Isklg review OF the New York Bulletin had the fol-
ling: starting az th9 clOseof the preceding week,
adsices OF "a more favorable character from both
eTpool and Manchester, ths upward turn has
1siOu of the buOyunt accounts nom abroad and
very strong statistical position shown. Receipts,
hes considerably behlnd the visible supply on the
ires, as complied, Was short; beside which
ne OF the Accommodations were virtually
which they were controlled Especially Was this
4, case here, where the stock OF one hundred and
hty-odd thousand bales would not, iL Is tnougnii
Id more than forty or ffty thousand bales avail
le 10 direct demand. Liverpool Is beiieyeI 70 Oe
even worse position, and so largely oyeISoid tna'
|heayy corner and Squeeze are inevitable. Ger
My the change I'm sentiment here IL OF a NSfy oe
ed character, aud IN place OF confident bears
ting for holders 10 spill out their COTTON, OF the
|lseryatlye elements Witch venture upon M opin-
/ and simply take flyers when there appears tC
md a general and strong bull feeling. Advocates
the short side OF the market have IN fact cisap
AIRED for the present, AMI tue Few slight downward
rus OF the week were credited 10 operators TOT
. simply improving temporary opportunities e
ie a fresh hold. As matter of course, covering
5 been free, and there has also been liberal pur
ases Elnde on orders from the SOUTH the east and
al sources, with buyers recruited to considerable
tent from recent shorts who have changed from
set even. AltOgether the week has been about a
ely as any corresponding period since the earl!
,rtlou Of the present crop year.,
Receipts In Memphis during the Official week aly
sgsted 1923 bales, against 3O23 bales tn
eyiOus week, and 1888 bales the corresponding
slE last season, and 3774 bales the season be
's The total receipts since september i, 1878
ne 36l }lq bales against 81 $40 bales atthe cor
bonding time last season, showing decrease
,,2Ot bales. Total receipts same time In lS46-IS
1927 bales.
BOA bales, against l4.6ll bales last week, an
l,a44 bales the corresponding week last season
Jtal shipments since September lst are BOZ ,96
les. against S24,43l bales the same time last zeal
decrease OF IB,4t3 bales.
The total stock ON hand was As 1875 bales
ainst 63I76 bales last week, and Al ,40l bales
Is time last year
sales during the week were 1O,4OO bales, go
les to exporters, 5000 bales to spinners and 1O
lies 10 spectators. During the previous week tn
tai sales We're 1900 bales. During the corr
ondlng week last year The total sales were IL 40
lss, OF which exporters took $500 bales; sptI
srs, $500 bales; spectators, 100 bales. Price {
iddling cotton, Toe, against ] 0c AT the same tim
81 year.
Worlds visible supply at The end OF last weel
444,7da bales, against 2sI43,2l2 bales at u
ime time the year before. Decrease OF cotton