Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-06-20

The New York Chronicle, OF Saturday.
speaks of the influences governing the spot
and future markets, as follows THE specu-
latieu in cotton for future delivery at this
market has been very dull for the week un-
der review, and the fluctuations in prices
were unusually narrow. The opening on
Saturday last was with a slight upward ten
dency. The report of the bureau Of agricul-
ture for June was Issued on Saturday. 1t
was less unfavorable than was generally ex-
pected il would be, especially in respect to
the decrease of acreage, and caused depres-
sion in prices of futures. Still, the decline
was very slight, and was arrested toward the
close OF Wednesdays business, and Thursday
was slightly dearer on demand to cover
contracts, prompted by better foreign adj
vices To-day there was an unsettled OPEN
ing, but the final close was firm at 5(17 points
advance. Cotton on the spot has not been SO
active as last week, yet fair business was
done for export and home consumption. The
concentration of stocks at this market and
the superiority of our shipping facilities
bring buyers to this market. But holders
have met the demand readily, and on Tues
day quotations were reduced 1-10c. To-day
FRIDAY, 16Ih) there was further reduction
of Lice, but IL was recovered, middlipg up
lands closing at IL o-Ibc."
The Commercial BuLleiia, of the same date,
confines itself 10 the option market thus:
L ne -DuilS' Oh late haVc continued 10 Iali IN
their efforts to convince new operators that
cotton is a good purchase, and about the only
claim that sellers could make was that the
market did not go down. This however, was
probably due to the absence of offerings as
the bears were quite as disinclined to sell
the market of as their opponents we're to in
vest Indeed, il has OF late been almost ex-
clusively brokers' market, and it is ex-
pected that diminishing will continue until
the July liquidation sets in. Theories, ideas,
etc. continue Just about the same, portion
of the trade giving narrowing accounts of the
great damage done the crop and predicting
more bad news to come, while another por-
ton claim much better weather South, with
decided improvement in condition OF plant,
and weighty stock yet on hand, 10 which |
holders have invited closer attention with
poor success. Taken altogether, it might
be called fairly well-held mar
ket, swaing events. On to-day's (Fri- |
day, l6th) operations a somewhat 6rmer tone
WAS Infused and moderate advance made |
on all months, but no great amount of vital
ity shown and new investment extremely |
light. Early in the day the feeling was some
what tame and one Tor two brokers appeared |
10 have considerable number of contracts |
TO offer, due, 1t was thought, TO improving |
crop news. Later, however, the cable COM |
mence TO bring IN better record for Liverpool, |
and this had beneficial influence here, |
through which some OF points were gained, !
with sellers retaining their advantage to a /
lair extent during the balance of the day. |
So lar as could be observed the inquiry did |
not cover many orders that would lead to the |
impression OF fresh deals on the long side, |