The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-06
DOMESTIC EXCHANGE.


DOMESTIC EXCHANGE.
New Yorkan eastern demand, g discount
buvinr; sight, 50 discount buying par sell
inc New orleans, &c discount buying; par,
selling. Cincinnati st. Louis and Louis
willie, demand, 81 buying, par selling,
Cotton closed quiet att decline Of l-l6c In
the home market today and 1900 bales were
sold The sales during the week amounted
10 1850 bales. Of which TO- 800 were taken by
exporters and the remainder by spinner.
The average weight of Memphis bales for
September are the largest on record, which
is regarded rs an indication Of ahig crop.
Spots az New Orleans closcdquict with mid
ding and good middling marked down l-l6c,
Futures closed quiet aud steady Mt a slight
advance. Liverpool was quiet without quot
able change in prices. Futures weak and OF
2points Manchester yarns and cloths are
dull without quotable change. AZ New York
spots closed nominal and futures firm, with
October declined 2 points aud remaining
months advanced point =
According 10 the New York Commercial
BuU,iin: 1T commences Ia be- discovered
that the apathy Of the outside element at
the moment Is due in a measure Ia other
attractions; stocks, wheat and coffee, all
evidently, for the time being securing at
tcntion IN the dctrimcnt ot the Cotton OK.
change. Operators. however are little
prcplcNcl over the chances and there h. In
consequence, u measure Of caution created
that acts as a check to free dealing upon
either side, and really leaves the deal con
fined a. % sort Of switching affair, IN which
not much is expected OF sought beyond such
fractions ~ can be obtained through the
margin now and then found on the diilcr-
enccs. A bullish tendency is shown occa.
sionnlly on the old basis of an immediate
strong statistical position, with nn apparent
inclination among consumers 10 come IN at
any moment, and In confirmation Of this
tolays private adyiccs from Liverpool quot
ing stead, undertonc. accompanied by an
expression of belief that urgent wants must
soon start spinncrs into buying again, and
something OF the same suggestion Is made
ON home account ON the other hand how
ever the reports from the south are less
calculated 10 infusc any great measure Of
strength, the probability Of any blockade oi
the shipping ports being now practically
abandoned, the interior commencing e. offer
better grades, rs II The storm damaged cotton
was we'll forward and estimates Tor October
rccipts assuming pretty full proportions
New Orleans, IL Is claimed will show 5000
bales for thc month. against 5000 last year,
aud al ports 1, 10000 bales, IN comparison
with L.U0.OOo bales"
Hubbard. Price s Co. say; Liverpool !
opened ~ about last nights prices, but tho |
closing was weak and lower upon reports
~ our cables tell us-of au easier market on |
This side Later cable from there show that |
though thg Manchester market Is very firm, !
spinner. are di.pu.ri 20 look for lower prices
Tor cotton and ~, selling their high grades /
without protecting themselves by purchases
If the raw material An actiyr demand for
goods Is reported Ia consc-
luOrUU uf B corner in yarns now existing in /
Manchester. However prices have given way |
gradually, especially boo October, the weak
ness boz this month being great because thc |
large issuance Of notices oi delivery aud |
the expected revision and widening 90 the
difference, On low grade cotton 20 be made
next week. At the close, however, thcr
was some good buying aud prices wcrc
fairly FIRM"
rurAL rom urrrirtL
Nrw Ioag, oct h-rhe following are
The receipts u cotton Of al ports since
September 8. i~,s.
Galveston. 2sll, New Orleans i0i3lO
Mobile. 2lSi. Savannah, iI5.lll. Charles.
ton. 55Us. Wilmington. 1906, Norfolk. 3D.
si,. baltimore. tsu, Sew York. i.sl5. ltus.
ton ca Ncvppu News. 55, Philadelphia
1850 West Point, li.r1l BuusVict. ass,
Fort Royal, iJ5. Total, iFipiJ