The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-22

DOMESTIC EXCHANGE.

New York aud eastern demand par buy
ing, $50 per $1,000 premium selling. New
Orleans, 81 discount buying, par selling.
Cincinnati. 81. Louis aud Louisville demand,
par buying, 81 per 81 600 premium selling.
The local cotton market closed steady.
Sales 100 bales all 10 spinncrs. No market
reports were received from New Orleans 10.
day, the wires being down. Liverpool was
quict limited inquiry. Futures steady and
OF point The New York spot market
closed quiet and oil Lc. Futures closed
steady, August declined 80 points, scptcm.
Der and October unchanged and remaining
months advanced ? points.
Hubbard Price & Co., in their cotton cir.
cular say. August has again shown sharp
decline, sales at 1880 being effected ut the
opening call and offering, 10 1888 the low
est point yet reached since the upward
movement was made Succeeding this
quotations advanced to 1880, buyers and
sellers finding it difficult to execute orders
excepting ut concessions. Some steadincss
was shown after the opening, prices ranging
from $50 90 lO.li but the belief that con
siderable cotton Is still 20 be marketed pre-.
vents traders from taking other than q
bear view II the situation. with the cH.
ccpion Of those Of August, tho fluctuations
have been uncomfortable, with = tendency,
however, Ia favor Of bo'tor prices
According 10 the Commercial RuistH
"only one certain feature remains regarding
the August deal, and that is, that no one
knows anything positive about 1t except
those who are working the manipulation,
and they won't tell Nor have any very
well authenticated rumor. been started thi,
week calculntclto start one particle Of really
new trading the whole business amounting
TO simply q course Of manipulation some.
what broader In character than usual, az we
have shown In our reports from day Ia day.
In view VI the fact that the shorts have kept
good their promise Ia start lot Of cotton in
this direction. and will bring moro II not
chcckmatcd iu the matter Of freight accom-
dation, ~ course, az once starts The question
OF their ability to put this supply IN shape
for good tender, and 10 which no answer can
be- given until the last moment allowed Tor
notice aud delivery under the rules Il hus
been generally assumed that the bulls
did not Tear this supply were we'll able 10
take care IT all that could be- ccriifcltci.
and expected a. leave the opposition with |
great many bslrs ON hand that will make q |
heavy loss, simply because they could not |
be used on contract Vet there are some Of |
the trade who have rather doubted this lat.
Yer theory, and inclined 90 believe the long |
Norc getting ahtuc nervous under the In
coming supplic.. several special meeting
OF the clique taking place and certain rccu.
liar aud sudden deal. Immediately thcuupon
lookuras though o rather strained effort of
some kind was pat forth, though few opera.
tors would deny that the chances are the !
entire moves have been simply for effect
The bull clique Is 10 considerable extent
fighting ior prestige, however, and o. the
leading bear element is financially pow
eriul, II f. probably q little early 10 venture
upon suggestions tina, the big guns upon
either eide ARE ready "a surrender"