Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-10
FINANCE AND TRADE.
COTTON.


Al the close OF the APPEALS review Il the
cotton market for the week ending December
t 30th, middliDg quoted l2c in New York.
The first two commercial days of the past
week, row under review, were devoted to
Christmas holiday observance, and the Tx
; change was closed until Tuesday morning,
when the market opened with mIddllng re-
duced &c in value, II &C being the quotation.
On Wednesday Lice additional decline was
announced, and IL 13-l6c ruled until Friday,
the last day Of the week, when the lost Lice
was recovered, and the week closed with II sc
the quofation for middling in that market
New York futures closed the week pre-
vious to the one now under review with
heavy declines on all months. The two
! business days of the past week devoted to
Christmas festivities rranspired without an
event calculated to improve the condition Of
futures, and on Tuesday, the day on which
/ business was resumed, the decline was
1 greater than had occurred during the entire
/ previous week. A reaction amounting
| 10 a recovery OF about half the losses of
| the day before was announced on Wednes-
| day, but was followed by another decline on
| Thursday. On Friday, the close OF the
week, the greater part of the day was de-
| voted to depressing values, and no intimation
! of a check in the downward tendency was APP
parent until late in the afternoon, when
bound upward on all months recovered all
the losses of the morning, and the closing
bulletins announced a strong tone and addi-
tional gains ranging from u points for jan |
uary and 10 to 20 points for other months. |
The result of the weeks operations showed a |
decline of points for January deliveries, |
February unchanged from the price ruling |
at the close of the week before, and gains for |
other months ranging from to II points, |
the gains increasing as the list was traversed. |
The closing price was: January, ll9l6I |
1913; August, 13l2@1313; November,
11.5S@11.60.
New Orleans spot middling which closed
the previous week quoted 11sc, opened the
week under review at the same value and
held out 10 the close on Friday without
change.
The New Orleans futures market operated
under apparently similar influences to those
governing the market in New York, the de-
tails Of which would be repetition of what
has been said concerning the latter market.
In Liverpool spots opened the week quoted
6sG63d, the value on which the previous
week closed. Ga Wednesday prices were re-
duced 1-16d, and 9-16C96 11-16d ruled the
remainder of the week.
Liverpool futures varied in about the same
proportions as did spots, the tone of the
market being firm on the closing day OF the
week, when current deliveries were quoted
9-l6G6 II 32d, and uly-August I3.16d.
The Memphis Cotton Exchange was the
only one kept open on the first day of the
past Wcck, view lGdT eve, anu ds lar as the
amount OF business transacted was concerned,
it had Just as we'll Joined the others in OBJ
servance Of the day. The price ruling at the
close of the previous week, l1sc, remained
unchanged on the first day of last week, but
no transactions were reported. All exchanges
were closed on Monday, and no reports were
received or sent Business was resumed en-
Tuesday, when the tone was easy at the open
ing and close OF business, and prices remained
unchanged. The sales reported were insig-
nifcant when taken into consideration that
they embraced all transactions since Satur-
day evening the greater part of which were
to account OF spinners. On the following
day, "Wednesday, there was no demand. buyers
and sellers having both apparently de- {
serted the market, and at the close of bust
ness the price list was reduced sc making
lie the quotation Tor middIing. There was (
no departure from this condition during the
Of the week, tine reaction reported
in New York on Friday evening, the last day,
coming too late to affect the local market |
and 50 the weak closed.
WEEKLY SUMMARY.
Receipts in Memphis during the official
week aggreg ated 5S37 bales, against 1888
bales the previous week 1877 bales the cor
week last season, and 10, 534 bales
in 1879. The total receipts since September /,
1881 were 1865 bales, against 2S4 800 bales {
at the corresponding time last season, a de-
crease OF l0,623 bales AT the came time in
1879 the receipts were 246,629 bales.
Shipments during the official week aggre-
gated 1859 bales, against 378 bales the
previous week, 1855 bales the correspond !
rg week last season, and S0l5 in 1879. The
o,al shipments since September 1st were
81 .935 bales, against 2O9, 7S5 bales in $780,
md 134, $40 in 1879. c
The total stock on hand was 99,946 bales, !
against sc, 9l9 bales at this time last year; in
1879, 2045 bales. {
Sales in Memphis during the official week '
aggregated 5000 bales, of which exporters !
COX 1900 bales, spinners 800 bales, and !
pecGlators lo0, against total of AGO bales I
asst week, of which 2l50 were to exporters, I
500 TO spinners and = TO SPECTATORS. Mid
ling, lie.
MEMPHIS COTTON MOVEMENT.
The following shows the course of the Mem
his market and the price of middling cotton 2
rom the opening of the season, as compared S
With the same time last year: 4