Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-31
COTTON.
WEEELN nENIRM,

At the close of the AFPEAL's review Of tn
! cotton market for the week ending Januar,
10th, middling quoted 12c ia New York
which was the price ruling on the openin,
day of the past week now under review. On
Monday, the second commercial day, LILO
was clipped, and II l5-l6c ruled until Thurs
day, when the lost 1-16c was recovered anC
l2c was the price on which the last weeE
closed.
New York futures, which closed the pre-
vious week with sharp advance, began tn.
past week with decline, which continued
until Wednesday, when a reaction was
brought about resulting in slight advances
on that day, followed BY increased advances
on Thursday and Friday, the week closing
with advances ranging from point for Feb
ruary, for January, and 8 to Is for other
months, with distant deliveries the favorites
New Orleans spots held throughout the
week at Ice, which had ruled all OF the
previous week.
New Orleans futures operated under the
same influence that governed in the New
York market, and the result of the weeks
business may be set down as about the same
Liverpool spots, which closed the previous
week at 1l-16@6 1850, began the past
week at the same quotation, which ruled I'M
til Tuesday, when a decline of led was
scored, reducing values TO 6s962d. This
price was held until Friday, when the lost
Lied was recovered, and the week closed
with 1I-l6@6 Is led the ruling price.
Liverpool futures experienced but few
charges during the week, and those of the
lightest character, keeping close to spot
values, which was a basis for all future de-
livsries.
The local market was without interest
during the week, II &c ruling for middlings,
which had been the price all the previous
he Al h.
series of light sales-in no manner proper
tionate to the heavy stock on hand. The
demand came principally from spinners,
though exporters came in for liberal share
toward the latter part of the week. The
influences bearing upon the market were the
same as related to the previous weeks opera
tions the sensitiveness of both buyer and
seller as to the daily receipts. A summary
OF the weeks transactions is given below;
WEEKLY SUMMARY.
Receipts in Memphis during the official
week aggregated 37lS bales, against 1886
bales the previous week, SS77 bales the cor
responding week last season, and Is, 727 bales
in 1850. The total receipts since September l.,
1881 were 2si ,5l9 bales, against S0S, 729 bales
at the corresponding time last season, de-
crease of "a ,2l0 bales. At the same time in
1880 the receipts were 29S, OH bales.
Shipments during the official week aggre-
gated 5506 bales, ag inst 4l19 bales the
previous week, 1851 bales the correspond
ing week last season, and $1,000 in 1880. The
total shipments since September LIST were
197, 1876 bales, against 242, 2S0 bales in 1881,
and 176,040 in 1889.
The total stock on hand was 90, 1868 bales,
against Il, 1888 bales at this time last year; in
1850, 122, AIT bales.
Sales in Memphis during the official week
aggregated 5000 bales, of which exporters
took 2S00 bales, spinners 200 bales, agsinst
q total of 1850 bales last week, of which
$3.50 were to exporters, 1400 to spiuners.
Middling, 11lc.
MEMPHIS COTTON MOVEMENT.
The following shows the course OF the Mem
phis market and the price of middling cotton
from the opening of the season, as compared
with the same time last year: