Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-14
fEx-matured coupon.


LII
At the close of the APPEALS review OF the
cotton murket for the week ending Friday,
February Sd, middliug in New York quoted
I2c, which ruled on the first and second days
of the past week, now under review GA the
third day Tuesday, Lice less was an
nounced, followed by a similar reduction on
Wednesday, and again by SC on Thursday,
bringing the value down to 113c, which
ruled the remainder Of the week.
New York futures began the week with
slight advances for the most distant
mouths, but a well-de:ned downward
tendency for all other months. The
decline increased as the week ad-
vanced, and the whole market appeared to
be in a well-developed condition of democrat
izauon, from which no rally was made until
Friday, the last day OF the week, when ad-
varces ranging from to II points we're
scored, and confidence somewhat restored.
The result of the weeks dealings was de-
clines in all months ranging from % to 80
points-the heaviest falling off that has oc-
Cured in futures any week since the season
opened.
New Orleans spots moved along smoothly
during the early part of the week, with mid
ding quoted at ii &c, which had been the
value all the week previous. On Thursday
&c was lost reducing the price to HE, on
which the week closed.
The movement OF the New Orleans future
market was in the same way, and in about
the same proportions as occurred in the same
market in New York.
Liverpool spots began the week quoted at
6s@63d, which was the price ruling the lat
ter half of the previous week. No change
was announced until Wednesday, when 1-l6d
was clipped, followed by similar reductions
on Thursday and Friday, the week closing at
6 7-16@6sd-a decline OF 3-16d during the
week.
Liverpool futures moved in the same di-
rection the entire weeks business showing a
marked downward tendency.
The LEGAL market began last week with
middling quoted at 113c, which price had
ruled since January 10Gh. The week was,
perhaps, the dullest ever experienced in this
market. There was no disposition on the
part of either buyer or seller to move, all
seeming to be awaiting developments. The
transactions Of the week were the lightest
reported this season. The opening price
was maintained until Wednesday, when &c
reduction was announced, which had no
apparent effect on the tone OF the market
the daily transactions rather falling off than
otherwise. The week closed with the tone
barely steady, H. &c being the quoted price
for middling. --
Receipts in Memphis during the official
week aggregated 49l4 bales, against 1867
bales the previous week, II $50 bales the cor
responding week last season, and l ], 153 bales
in 1880. The total receipts since September i,
1881, were 29S, I20 bales, against 3S2, 500 bales
at the corresponding time last season, de-
crease OF SO, 3S9 bales. At the same time in
1880 the receipts wer5 $50 ST5 bales.
Shipments during the official week aggre-
gated 6lT2 bales, against 6205 bales the
previous week, 1924 bales the correspond
ing week last season, and l., 500 in 1880. The
total shipments since September let were
2G9,7l2 bales, against 265, S26 bales in 1881
and 200,9l4 in 1850.
The total stock on hand was 81 ,592 bales,
against 75,067 bales at this time last year; in
! 1850, l22, S47 bales.
Sales in Memphis during the official week
| aggregated $3.50 bales, OF which exporters
took 100 bales, spinners GOO bales, and spec
! ulators 30 bales, against a total OF 1850 bales
| last week, Of which $500 were 10 exporters,
! 1850 to spinners. Middling, IL &c.
MEMPHIS COTTON MOVEMENT.
! The following shows the course OF the Men,
/ phis market and the price OF middling cotton
/ from the opening OF the season, as compared
] with the same time last year: