Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-07
. 20
tured coupon. tEx-div.
COTTON.

At the close of the APPEALS weekly re-
view of the cotton market for the week end
ing January 9th middling quoted lie in
New York, which was the price ruling at
the opening of the past week now under re-
view, and from which no change was made
up to last Friday evening, the last day of the
commercial week. The tone of the marke t
was generally quiet and dali.
New York futures, which closed the pre-
vious week with a sharp advance on all de-
liveries, began the past week under favera-
BILE influences, the first day showing a contin-
uation of the disposition toward higher
values. The second day Monday indi-
Gated sudden revision of sentiment and
prices went of II to 20 points with January,
November ard December deliveries least al
iected. On Tuesday about half these losses
were recovered, only to be lost again on We'd
nesday. On Thursday another recovery was
made and an impression developed which
held the the advance through Friday, ex-
cepting slight declines on most distant
months. The result Of these off and-on trans
actions during the week showed at the close
series OF losses ranging from to Is
points-near months being the heaviest losers.
Concerning the influences on that market
in the latter part Of the week the New York
Commercial Bulletin, OF Thursday, says: "a
new feature was suggested as a depressing
influence in the prospective shipments
abroad of gold, which reduces just so much
the chances OF moving cotton, with Liver
pool rem ainihg tame and less encouraging
than yesterday, though the general financial
situation in Europe was somewhat better, and
made one OF the claims from which the bulls
could argue. Receipts were fair but not full,
and little really new developed on the home
position"
In New Orleans middling opened the past
week quoted 11sc, which had ruled all
through the week before. No change oc-
Cured in values, the tone of the market
being quiet and easy up to The close Friday
evening.
New Orleans futures fuctuated in about
the same proportions as to gains and losses
as is indicated in the report OF the New York
future market.
Liverpool spots, which closed the week
previous quoted 11-16@6 Is led, opened
on the first day of the past week without
change, and held to those values until Tues
day, when 1-l6d decline was announced, and
6g96id ruled the remainder of the week
Liverpool futures opened with a down.
ward tendency, from which all efforts to
rally seemed without avail, and the week
closed with all deliveries off in amounts
ranging from 1-16d to Cd.
The local market maintained throughout
the week the same mastery inactivity that
prevailed during the week previous. Prices
were merely nominal, factors holding rigidly
to quotations, which buyers deemed above
actual values, the result being small daily
transactions mostly to account OF exporters
The opening price of the week was IL &c, from
which no deviation was made.
WEEKLY SUMMARY.
Receipts in Memphis during the official
week aggregated 1867 bales, against 37IS
bales the previous week, IL 1874 bales the cor,
responding week last season, and l., 65l bale:
in 1880. The total receipts since September
ISSl, were 2SS, l76 bales, against $40, 723 bale:
at the corresponding time last season, de.
crease of 80; or bales. AT the same time in
1880 the receipts were 81 ,722 bales.
Shipments during the, official week aggre.
gated 500 bales, sg sinst 5506 bales the
| Previous week, 1922 bales the correspond.
ing week last season, and l.. 245 in 1880. The
total shipments since September LIST were
203, 540 bales, against DIS, 902 bales in 1881
and lSS.2S5 1880.
L The total stock on hand was 81, $50 bales
against 7S,205 bales at this time last year; in
1880, LA, s23 bales. -.
Sales in Memphis during the official week
aggregated 1850 bales, Of which exporter:
took $500 bales, spinuers 1850 bales, agsinst
total of 5000 bales last week, Of which