The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-07-06
FINANCE and COMMERCE.
MONEY 8 PER CENT, NEW YORK
EXCHANGE IA PREMIUM.
Cotton Flrm-iiiidling, 9c-Sales
Yesterday, $50
Bales.

Money IN lar demand al per CENT
Local securities dull.
The cotton market closed firm;
middling, &c. Sales, 1925 bales.
There was no market at New YORK,
New 0rleane, St. Louis, Cincinnati or
Chicago owing to general Observance
of the 4th Of July holiday festivities.
At Liverpool cotton was firm and
active and I-16d higher, middling, std.
In the local market the staple was
firmly held at higher prices for low
grades, middling, 9@9bc; salee, 250
bales. The position of cotton is daily
growing stronger, and 10c for mid
ding in August is freely predicted.
The New York Commercial Bulletin,
in recent article, thus describes the
situation in that market:
"a great amount of perplexity and
hes tition has prevailed on the CON-
tract market all this week, owing in
the main to the somewhat cratic
movements Of The representatives of
the "bull' pool, who saem 10 have
been quite success III in preventing
any premature development CT their
plans. il is quite Ceraia they were
greatly disapphn ed in the number OF
July notices received, BUTT IS thought
in a measure oyerCame the difficulty
and have since been spilling cut
somewhat ON August, though appar-
emily not en- irely losing advant e..
Indeed, as a matter Of fact, the bears
have baen X p on the defentive
throughout, leading 10 pretty CEN
winding up en- this month and q vast
amount of covering on next, with
the same course pursued on So ne of
the later options and new buying
introduced, the latter iuclullng
a little OF the lorg lcozed foe
outside element. Beyond the power
to manipulate the market as matters
stand the bulls have made excellent
use OF certain unfavorable weather
conditions IN the Atlantic and a por-
ton of the Gulf S ates, and apparently
with fair justification, rs the rains thai
a week ego were only threatening
have by rem arkable continuation be-
come dangerous and it looks as though
a portion OF the crop msy have re-
ceived some damage. There has, how
ever, been noticeable, aud to some
of the trade suspic GUS, eagerness to
disseminate the worst reports possible,
without referring to the excellent
conditions in Texas and adjacent
States where the influences sre per-
feet and not only ibsral but an early
growth promised. Port receipts have
naturally been falling off somewhat
but the South continues free seller of
cotton and great many opera oTs still
that England will d-aW upon our re-
manning stocks fast enough to cause
any serious inconvenience. Todsy's
market was somewhat less sCtive,
but more or less feverisb, and on the
whole showed pretty strong under
tone, more particularly on the new
crop months. Indeed, August was
really somewhat tame by comparison,
owing, apparently, to the unloading Of
the pool; but beyond thai a | months
after little ope ing brt ak reac ed and
were we'll soppo ted during balance of
the day. Tue demand on the new
crop months was said to be in part
from Europe to cover, but also en-
brsced great mapy calls that were
evidently new deals. some coming
from local operators and some from
the South. The stimulating fea ures,
in brief, were a rel Grafton of express
sions Of a'arm regarding condition OF
crop, and in the absence of public ac-
counts liverpool has holiday ri
Yate advices received by the bul
assuming a coming dec ded change FIR
the better abroad, The showings on
and kilograms from SINE Southern
localities reporting better or p wealth
er. The close was quiet, but well
main aimed at the highest figures OF
the day Spots were rot sclve bnt
firmly held, and an advance Of 1-l6c
made or quotations"
Notwithstanding the somewha, bear
ish tone of the above Liverpool ad-
vanced 1-16d on spots yesterday ard
the market was described as firm and
actlVe at tnat Dgufe.
IMPORTS.
Eight br's apples, 262 sks bran, 90
brls beans and peas, 5 pkgs butter, l54
pkgs bacon, 81 pkgs boots and shoes,
$50 bu corn, 81 SKIS coffee, 2349 skis
cotton seed, $50 brls cotton iced oil,
$4,000 bdls c)tton tie', 100 pkgs dry
goods, 81 pbg5 eggs, ITO bris -four, 1l5
pkgs bats, II nd hogs, 50 I'D cattle, 40
pkgs lard, 147, 500 # lumbar, 80 pkgs
liquors, 1876 brls meal, 6 brls mola'ses,
1875 kgs nails, s bis onions, 8 brIs po-
tatoee, 8 cars pork sides "A bris suear,
800 pkgs tobacco and $500 blu WI eat
ELEVATOR REPORTS.
The following shows the amount of
grain received, withdrawn and in store
by regular elevators, as reported to
the Merchants Exchange today:
Corn received, 3099 hu withdrawn,
1858 bu; in store, SO 744 bu Oats re
caivad 7R hn withdrawn S4HO I'm