The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-30
DOMESTIC EXCHANGE.


New York and eastern demand, par buy
ing, 81 per 81 900, premium selling. New
Orleans, 90 discount buying 81 premium
: selling. Cincinnati, st. Louis and Louis
Vile, demand par buying $3.50 per $l,Op
premium selling.
The local securities market remains steady
no transactions reported. The clearing
report thus far this week indicates an in
crease in the volume Of business.
The local cotton market closed quiet, with
sales OF 100 bales. New Orleans spots closed
duh aud easy, with futures OF o to points,
!, CLOSING steady. Liverpool was dull, inclined
10 droop, aud futures on June, July and
August on point: other months unchanged.
Tho New York spot market closed steady,
with futures of 7 TO points, closing steady,
The Commercial Bulletin Of latest date has the
: following rs 20 the cotton market
$50 far ~ the summer months are con.
cornod the status remained much the same
rs before noted, the fear Of squeeze on
August having pretty well passed away, and,
with the position Of actual cotton weaken.
ing, all hands feeling more or less inclined
10 get rid Of what no one seemed likely "a
want At the price; and while tho supply OF
July notices was not ns full ns many had
looked for, .hcrc was on the whole pretty
good Offering and they noatcd In a manner
10 cause considerable depression. The Civ.
ing way Of the later months, however, was
probably the greatest surprise, though In .
measure In accord with ideas previously pre-
yailing that tho recent advance and the GOV
cring that took place was really weak point
o. In view Of narrow speculation the shor
interest was pretty well worked out and Thu
reduced the chance forselllng, This certainl,
was evident today that when the long
Z wanted TO realize there appeared no waiting
demand for what they had to offer, and TN
slump came ~ an inevitable result On tn
4 old crop there was a drop Of 1908 points
and on the new crop iOCgil points, with jus
point or 80 aftcrward recovered, aud th'
close trihc sicadier Liverpool was ais,
inclined 10 weakness; and though that may
.a.-yc been q partial reflection Of our owl
market, II carried certain amount o.
weight Az the south the movement wa
much In accord with what had been ex
pected, and from many sections the croI
prospect reports were In pretty good form
but from Texas the information was still o
character 10 lead to an impression Of som'
: delay at least, aud a private dispatch sent
and received by responsible parties said IN
substance that I'VE are having entirely toe
much nin aud crop is getting grassy" 10
deed, At the close, while there was doubt
'fnl feeling over the old crop. there scenes
20 be an idea that the tired longs were pretty
well cold out and the inclination was towart
greater sieadiness."
The semi.annual intcrcs, on the Memphis
Cotton Exchange building company bonds
T, due July I, 1855, will be paid ON prcsenta
ton Of ooupons nj the Merchants bank OF
2 and after next Monday.
IMPORTS.
One hundred and sixty bills apples; I ca
bran, 10 pkrs butter li0 pkgs bacon, 20
pkr boots and shoes, , cars corn, i25 AZ
coffee. $50 brls lime, go brls cement II
ptgs dry goods. 90 pkgs eggs, $50 brls noui
: 100 bales hay, p pkgs hats, 10 head hogs, 8
{. head cattle. T02 pigs lard, $1,000 feet lun
Der, 70 pkp liquors, 10 brls meal, - brl