The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-06
GENERAL TRADE.

The only changes made in the local market
today was in bulk pork. clear sides, clear rib
sides, long clear and shoulders, which were
advanced &c.
The local cattle market closed yesterday
nearly bare Of all CLASSES OF cattle, hogs and
sheep, for which the demand Is active aud
prices strong AT quotaiions.
Amount Of grain in Store nt the elevators
Corn, 5i,0ib bushels; oats, 1919 bushels
wheat, 49, bushels.
At New Orleans the sugar movement Is
tame and the demand is limited, particularly
Of kettles, and prices are more IN buyers
favor Spectators appear 10 be well stocked,
hence stay out Of the market, while the trust
Is also well supplied against present require
mcnts. Molas-cs Is easier aud prices have
declined somewhat. There j. onlya molcr-
ate demand for rice, the market developing
but little activity.
In their circular, dated London Doccm-
Der rs, Mcssrs. Ncill Brothers write as fol.
lows
In our November circular we published
the estimate Of our New Orleans friends that
the incoming American crop would amoint
IN or exceed 10000 bales OF iG0lb. 4. e.,
Of the same weight Of bales ~ last ycar. In
/ these figures Gu friends have since made no
change whatever.
In Wow Of the flct that they stand almost
alone IN their views, aud that chorus Of
| opposition and Of estimates Of about d. 100.
OOO bales On which Liverpool has freely
| joined) has come from all parts Of the States,
We have cnbcd AFR. Henry Ncill asking him
To reconsider his figures and advise NJ Il
they require any modification. 10 this We
have received the following reply:
New Orleans December IL. We NC no
reason 10 doub. our November crop osti.
mate Light receipts do not affect the ques-
lion. The weather has since been favorable
and the plant Is yielding better than cx-
pccicd Bolls still opening IN many quar-.
ien,. Picking going on extensively. n va
made any change In our figures Il would b.
to increase our minimum, but no change
necessary. Maximum uncertain"
McssrA Noiu here give quiet elaborate
tables showing temperature and rainfall
and argue thcrcirom that indications point
10 crop considerably largcrtha slr Henry
Ncill's hgurcs
The circular then continues "Tlut &C.
corling TO the weather indications given
above the crop and future receipts ought o.
greatly exceed those OF 1928, lor while the
weather has not been very dissimilar III,
area OF which the crop Is being gathered
Is larger by nearly 100000 acres, which
ought TO produce /. 200. 90 bales. Arcmnrk
able confirmation of the large yield indicated
by tic weather tables is furnished by The
actual scale o. receipts ~ compared with
! those 81 other wet seasons To this date IN
lss2.3 there had como 90 light 3. i53 O0o bales.
or tpk per cent Of the crop 10 the same
date ~ lss0i the quantity delivered was
$500 60 bales, or b2,s per cent. of the total.
aud 10 the same date in isTD--O u was ., t25.
GO bales or ~ per cent. u the crop. The
average VI these three percentages would be
" per cent. Now should the cotton which
has already come In sight-3.gAOO0 bales
represent the same proportions or - per
cent of the total, the crop would amount 10
7,ON 600 bales. We make these comm. MIS-
however, aud mention these logical results,
based on the past weather aud the actual re-.
ceipts, not 10 impugn the estimate Of our New
Orleans friends but 10 support Il by showing
that ~ far from being what Mr.. Ellison call,
a sensational estimate, tits In reality n very
moderate aud conservative one compared
With shat they might logically have put
fofth.n