The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-02-20
ON 'CHANGE.

THERE will be a holiday in New
York and New Orleans cotton markets
Monday = Washington's birthday.
No reports will be sent or received.
CLOSING prices of Mays options at
Chicago yesterday: Pork, $1l 20.
Lard, Glide. Clear rib sides, 5.65c.
Corn, 41sc asked. Wheat, SAL. Oats,
33c asked.
THE Manchester Glardian, in its
commercial article of yesterday, says
"There is no Improvement in business.
The demand is small, especially for
goods for India. Prices OF cloth are
fairly steady. Export yarns are steady ;
home yarns are weak"
REPORT of Grain Elevator yesterday /;
Wheat received, none: withdrawn,
none; in store, 3057 bushels. Corn
received, 1874 bushels; withdrawn, 1918
bushels; in store, 34,937 bushels. Oats
received, none; withdrawn, 1914 BUSH
els; in store, 45, 1876 bushels.
LYNCHBURG, VA, has added to its
fiourishing tobacco industries the new
one of cigarette making, which now
employs many additional hands,
chiefly young women. The tobacco
grown in that region during the past
season was OF an unusually fine quality,
and the fall business was unexpect-
edly good.
THE New York Post, in its cotton
review, says: Future deliveries opened
$1,000 lower, recovered 100 10 2-100c
and then lost 6 TO U-IutS 1rom the
highest point of the day. Sales at the
third call were: March, S.Slc; April,
S.91e; May, cole; June. 9.1lc; Au-
gust, 9.23c; November, S,S4c. Futures
closed stea1y, s7le0 to 9sl0ni lqyer
than yesterday. --f--
A LEADING Liverpool weekly grain
circular says wheat continues steady,
but business is dull and dragging.
Prices are nominally unchanged.
Calling ports remain almost bare of
cargoes. There is a good inquiry for
shipment for the United Kingdom
and the continent. Business in Cali
fornia and Oregon wheats is fairly
active. Here, since Tuesday, the de-
mand for wheat has been slow, and
corn has been firm. At to-day's mar
ket wheat was in quiet request, and
prices were unchanged. Trade in corn
was limited. Flour was more active.
Peas were unchanged. Beans were
dearer.
VIsIToRs on Change yesterday:
Gen. w. w. Maury and s. Williams,
Huntington; IL. j. Vinton and wife,
Buckeye State; John II. Inman, Cor
nelius N. Bliss, Theo. Rutter, j. A.
Bostwick, Ii. NJ. Field, r. w. Hall, II.
o. Armour and G. II. Bosner, New
York; T. II. Faulkner and +. b. Sill
ger, Helena, Ark; d. S. Burroughs,
Peoria, Ill. +. G. Hughes, Arkansas !;
Thomas Skinner, New Orleans; Miss
Flora Myers, New York; Miss Rosa
Myers, st. Louis; Mrs. Adler, New
Orleans; G. p. Oakley, Cincinnati; /;
DIR. L. G. Noel, Nashville; Gerrie
Welstadt, Chicago; S. r. Clarke, Peo-
ria, Ill. Mrs. o. II. p. Piper, Miss @.
G. Watts, New York; RI. Traylor,
Richmond, Va.
Is THERE no bottom to the cotton
market? is the question most fire.
uuenlly dSktu Ou SildliSt JuSJ HOM.
Since Monday there has been a de-
cline of 3-l6c here, sc in New York, lc
in New Orleans and Id in Liverpool,
the price of cotton in that market
now being 13.16d, the lowest price
reached since 1s4S, when it touched
AID; the lowest price since the war
was December IA; 1878, when it was
AID. 1t is feared that it may decline
still lower before it reacts. Much will
depend upon the ability OF the South
to withhold sales in the present de-
pressed condition of the market.
Memphis is doing her share in hold
ing up the market, but is not backed
up by similar policy at other South
ern markets. Some of our local cot
ton men doubt the wisdom of the
policy of refusing to meet the market,
and argue that it sends orders to New
Orleans that ought to come here. The
future alone can determine whether
the policy that now obtains is the
wiser one, but should it prove not so
our cotton factors will at least have
the satisfaction OF feeling that they
have made a manly fight in the inter
ests of the planters.