Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-12-18
Totals for the week 81, 49,, 2O7 81

TOTALS Tor the week Sl,iof,DUf W oz,VoA;tlf 4
General trade the past week has de-
veloped but n feature worthy Of note,
that being the absence Of fancy values
hitherto usual on the approach OF the
Christmas holidays, and the lack Of the
customary magnitude OF trade, The mar
ket is we'll supplied in all departments.
The cotton market, which had ruled
quiet all the week previous showed no
change from that condition at the opening
of the week under review, and concessions
from official quotations are made to effect
sales. The heavy receipts continuing be-
yond expectations of everybody caused
both buyer and seller to ego Slow" and
await developments. There was a pre-
vailing impression that n decline in re-
ceipts must come soon or the yield of the
season of 1854 would pan out far be-
yond all previous estimates. On the last day
of the cotton market was extremely duh
yesterday under the influence of ~unfavor-
able news from other markets, where sharp
declines were reported early in the day.
Another influence calculated TO depress
values was the heavy port receipts of the
day and OF the week, the latter being the
heaviest on record-2SO,1 46 bales, against
267 OPS bales November 9th, the present
year, and 259, 1868 bales November 10, 1882.
The receipts were the theme of general
discussion, the prevailing impression be-
ing that the crop cannot hold out much
lnnrar onl uhnn thn faninn off aprn-
mences it will be rapid. The New York
Commercial Bulletin, of last Friday, thus
sums up the situation in that market
"The steadier feeling noticeable on yester-
days market proves to have been only
temporary and without support, the feel
ing to-day showing decided weakness
again and cost dropping off freely along
the entire line. Operators, in most cases,
assert that there is nothing new" the
position, it is claimed, simply giving way
under a process of dry rot and tired
'longs" anxious to close out contracts on
which they have failed to secure a clear
margin for profit and see little prospect OF
doing so. The cable advices, public and
private, bring only tame and discouraging
suggestions from both Liverpool and Man,
chester, and exporters are generally mani.
testing quite an Indifferent tone, not only
here but at the South, even where better
terms have been offered them. The
Southern markets also show a decided
lack of supporting features, and the ac-
cumulations at all points form a supply
against which there is no compromising
demand, either for actual use or on &C
| count of contracts. In fact the excess o.
the visible supply over all outlets, with
indications that next weeks receipts will
also run pretty full, is creating a depress.
ing influence against which only the most
sanguine "bulls" care to combat, and
the tendency is to let contracts &c
and take a new hold if a change in the
ruling influences should appear likely tc
revive confidence again" In the local mar.
ket the week opened with middling
quoted at Zoe, the price which ruled al
the close of the week previous, and from
which a decline of &c was made Friday, as
the following comparative tables indicate