Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-17
FINANCE AND TRADE.
G0TTOM

z Z past week with a Decline u-OEt htu VI
II current deliveries than other months. An
e other reaction took place on Monday, il
j: which January recovered all the decline o
y Saturday, and was advanced in values pro
4 portionate with the increase for other months
s This movement was followed on Tuesday will
a slight falling of in near months no change
: in values for April, May and October anC
additions of TO 3 points for other months
: Small additions were scored Tor all months
/ on Wednesday, followed by sharp declines
t Thursday and Friday, the result of the week
being point advance for January, } une and
July 2 for May, 8 for September, for No
vember, and each for October and Deem
Der, while losses were scored for April point,
March 3, and February 5-August remaining
unchanged from the price ruling at the close
OF the previous week On this condition the
week closed with the tone of the market
weak.
The New Orleans spot market, which
closed the previous week with middling
quoted III &c, began the past week with an
advance of &c. followed on the second day
Monday with raise to IL &c. which was held
throughout the week, the lone OF the market
being quiet on Friday evening (tbe last
day..
The New Orleans future market moved
apparently under similar influences to those
governing the same market in New York,
the week closing with but slight variations
from the same results.
The New Orleans Pioayune, of Saturday,
| relates the weeks influences follows: THE
| week has been a rather quiet one in the spot
trade, the demand being only fair, but hold
ers have been stringent in their views and
have advanced their rates. The falling off
in port receipts has given more confidence to
| the short crop advocates. Total shipments
fcom plantations for the week S9123 bales,
| against l35, 308 last week and l09,865 last
| year. Business in the future room has kept
| up well this week. The fluctuations from
day to day both ways have been sufficient TO
encourage operations. The falling off in the
port receipts has encouraged the "bulls" and
enabled them to resist all efforts to break
the market"
Liverpool spots began the week with an adj
vance Of Lied above the price ruling at the
close of the week before, and scored another
advance of l-16d on Tuesday, bringing values
up to 6 11-16G16 13-16d, which were main
tanned the remainder of the week, the tone
being easy at the close.
Liverpool futures were steady at the begin |
ming Of the week and prices were advanced |
In about the same proportion as is indicated |
in the review OF the spot market. The week |
closed with dull market.
The local marke', which began the week /
with &c advance above the prices ruling at |
the close of the week previous, manifested |
but little improvement on the amount of |
business done over that OF the week before,
although the tone has been quoted generally |
steady. The daily receipts have been the OBJ
ject of interest all the week, and while the |
falling off has been favorable to higher prices,
yet there is a lack of confidence in the cause,
whether from exhaustion of the crop or bad
weather. Under these influences and in order
that the most reliable information could be
had on the subject, Secretary Henry Hotter,
on Thuriday addressed the following question
by telegraph to several exchanges:
what is the cause of light receipts, bad
weather or exhaustionw
To which the following responses were re-
ceived:
Henry Hotter Secretary Cotton Exchange:
The cause of our light receipts is principally
hAustion. R II. BOILING, Secretary.
CHARLEsToS, c. January Il, 1sS1
Henry Hotter. Secretary Cotton Exchange:
Weather good; general opinion that exh lustion
WILLIAM WALTON SMITH. Secretary.
GALVESTON, TEX, January 70.
Because crop is much less than last year.
A. G. MILLS.
The opening price of 11sc ruled until
Tuesday, when an advance to IL &c was made,
under some adverse opinion prevailing in the
minds of exporters; but the propriety was
justified on the following day by better news
rom controlling markets, which stiffened up '
he local tone and strengthened confidence in s
ranspiring without change. The monthly
report of the National Cotton Exchange
makes corrections in the port receipts since
September on account of shipments through
New York city and West Point of some OF 060
bales that have not heretofore been counted !
he committee making the discovery report
ng as fellows: "The delay in making the
January statement has been for the purpose
If overhauling and investigating several i'm
Dortant items in the port and overland move
nents. The results as give mellow will show |
material change in the aggregate of the daily
port figures telegraphed to the exchanges,
t having been found necessary to add to the
Jity and West Point totals for the four months
ending December 3lst, l03 ,297 bales. This !
S probably the largest correction made dur 4
pg any season since the Inauguration of the
present system OF daily reports to the
Exchanges from leading points on the :
'oard. The character of this seasons move
nent ria Atlantic ports in measure gave
oloriug to the supposed heavy falling off
n the shipments through city and West
Point, until the deficit became 80 remark ]
bile as to awake an impression that pos T
ible bluuder might have crept into the man
er of compiling the figures by the local \
eporters. 1t now seems from data in pos j
ession of the National Exchange that
Though the weekly kilograms purported to
over city and West Point, West Point was
OF included at all. The facts as follows: y
Total shipments
rom City Point, months ...-.........-.-. II 2S}
ia Richmond to Philadelphia, not touch
ing at West Point 20. sol
o richmond proper..... 2,OOl /.
1875 {;
say within a fraction of the figures fur L
nished to the exchanges N
hipments via West Point, not included in G.
the soove..-.. .....-..-.- .-l05 Oh -
otAl movement via Richmond, city and st
west folnt 6,o9S al
"The investigation has been thorough, and a
not only the excess, but that none