Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-04
FINANCE AND TRADE
COTTON.

| kilograms from New York yesterday gave
a gloomy aspect of the spot market. 1t was
the fret business day of the new year, and
the days proceedings were watched with
eager anxiety, especially by those who were
interested in an advance. The first bulletin
announced quiet tone, which relaxed by
noon into dull and nominal condition, &C
companied with decline of &c on all grades.
The reduction failed to rally the feeling,
which at the close remained dull and nom
inal.
New York futures began business with
decline on all months influenced by the
present season of from 2 to > points; Novem-
Der off Al points bid, and Septem-
Der point on quotation. The second bulle-
tin continued the decline for January and
February, but slight advances were scored
NAV and September, inclusive, and ii points
were clipped from values Of October, which
was not quoted in the first bulletin. No
vember recovered 40 OF the A points lost on
first CALL The third bulletin indicated an
effort to rally values, but the results were
insignificant az compared with the depres-
sion which succeeded, the remainder Of the
day being given up wholly to reductions in
all months. The result of the day were
losses ranging from Il to 10 points.
The New York Commercial BULLETIN OF Sat
urday thus discusses the aspect as presented
in the result OF the past weeks business:
The average turn of the speculative market
has continued in buyers favor for the past
few days, but without the general and posi-
tive indication of depression noticeable at
the close of last aud the commencement of
the present week. Indeed, taking into con-
sideration the movement of supplies at the
South, and the pressure OF the January no.
tees, the position has stood up very well, and
the bulls occasionally assume a somewhat
more confident tone, with a few very positive
in their expectations of quite boom after
the turn Of the year, depending for stimu-
lus upon a sharp reduction in receipts and
an increased demand for foreign consump-
ton. Their opponents however, profess to
consider that the slightly better showing is
due, in the main, to the wedding out OF the
weak longs and the transfer of the contest to
the hands of the stronger and more defiant
bulls who, it is claimed, having simply sue
ceeded in making a temporary hitch in the |
declining tendency of values. The hitch
was apparently very loosely tied to-day, as,
while the shading was moderate, prices all |
went off again, and appearances generally |
were tame and unpronisiDg for those looking |
for rise"
New Orleans spots were quiet at the open |
ing, and closed quiet and steady on previous |
Il
New Orleans futures began business with |
a steady tone and varied but little in values
until noon, when decided tendency TO ad-
vance was indicated. After that hour the
market yielded TO the pressure and closed |
with March to August off TO Is points, |
to November l to 5, and January |
unchanged.
Liverpool spots were unchanged in prices,
1t which the moderate demand was being
RELY supplied yesterday.
Liverpool futures opened dull but steady
md closed quiet and steady, with current de-
iveries advanced 1-32d above the opening
quotations.
The local market was without a feature OF
interest. The tone was easy at the opening
nd close of business, and prices remained
Unchanged. The sales reported were insig
iticant when taken into consideration that
hey embrace all transactions since Saturday
senipg, the greater part of which were to
he account of spinners.