The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-04

Corrcspondrg time 1886. liil,3H S2,O2Di
DOMESTIC EXCHANGE.
New York and eastern demand, par buy
ing. g. per 81 900 premium selling. New
Orleans, 81 discount buying 81 premium
selling Cincinnati st. Louis and louis
willie, demand par buying $3.50 per 1900
premium selling
A few changes were made In the stock list
at the call board session today, but bids and
offerings remained Gar apart so no trans
actions took place.
The clearing house report for the week
shows an increase In clearings Of Sl5i 1910
over the clcarings Of last week, butSl23, 1000
less than the clcarngs for the corresponding
time last year.
After some consideration the local bank
officials at a meeting held ycstcrdy, declined
g. loan State Treasurer Thomas S2J0ooO for
usa In paying of the July interest Of the
State debt, and for the reason that tho funds
are needed for local business, there being a
brisk demand Tor money by our merchants
and Others engaged In developing the trade
commerce aud prosperity OF the city
In the local cotton market spots closed
easy and unchanged. Sales 80 bales all 60
spinncrs At New Orleans spots closed
steady, middliug and good middlmg dcClin-
ing llGc, futures declined TO points, clos
ing quiet.
Liverpool was quiet with a very small
business. Futures easy and OF to points
New York spots closed quiet with futures
dull at decline Of 1 to 2poinis.
Hubbard, Price & Co say; 1T has been
stupid and uncycntful day, and entirely
without feature Of significance, except to re.
veal the general absence Of interest In the
situation nt the moment The short inter
ests seemed 10 be pretty well covered, and
the long element seeks In vain for something
that will give them liit, but neither foreign
or domestic adyiccs are proritous, aud mat
tiers simply drag along awaiting develop
mcnts our prices Tor certificates show
loss Of points since yesterday"
A charter was filed with iho county regis.
ter today styled Buyers and Factors Press
Of Memphis" the object being to erect cot.
ton sheds aud comprHcs connecting lines
Of rail, etc. The capital stock, Il is staiad,
will be $4,000 paid up, $4,000 Of which
has already been taken Tho incorporators
are Thos H. Allen. A. y. Gwynnc, T.. H.
Carroll, J 4. Farpson, Benjamin Babb,
VIM. u ncrcc, Ch r. ramsworth, w. H.
JAIME, anl VIM Frolirh.
According 10 the New York Commercial
Bul'2H, tlc current cotton crop movement
holds close enough 10 estimate 90 carry little
new effect, aud ~ q rule new crop conditions
seem 1, be much tho same IA for some time
past. though reports from South Carolina
! suggest too much min and q heavy condition
OF ground unlaIomhlc Ia thc development
OF the plant
Tho Manchester GHariiaH ~ recent date
saws The American crop looks larger aud
LANCER each week, and Il seems singular that
Of such time bulls aud statists should ap.
pear TO become each week more certain that
there will not beenouEh cotton 10 20 around
The matter resolves itsolf mainly into what
the actual consumption IL. but the market
and the trade Gud II hard 90 believe that
with crop which Mc,srs Ncill think will
reach 7,Opo, 600 and which in almost any
probable event will exceed the previous
crop by about 10000 bales. there can be any
scarcity 81 cotton for ile spindlcs. Spinner,
will know how Tar Il Is possible for the spin.
dies II the world 10 use up this great excess
ever last crop. The problem would rather
s,cm to be- how they are going 60 Use ID up
Instead VI how much more they will want
nrOEra
siS hundred and ninety ks bran, 10 pkgs
butter i'N pkg bacon, hld Pkg, boots aud
shoes 500 hu corn, a. pigs cheese 80 sis
coffee .1p hrls lime ~ hrls cement \ cars
cotton scod. ~ Pig dry goods, ~ pkgs
grqs 49, hrIa flour an kHtss hav iOt ukrs
hats ~ head cattle. isp pkrs Lard, li2.ON
feet lumber % pigs liquors. 80 hrls meal.
~ hrl' mDlnsscs ~ kegs nails, pOiO bu oats,
i15 brls onions 4 ears pork tidrs ~ pigs
rice, no brls sugar. 80 pkgs tobacco.