The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-21

DOMESTIC EANlANhE'
New York and Eastern demand, 80 dis
count buying; sight, s. discount buying, par
selling. New Orleans &c discount buying
par selling. Cincinnati, 81. Louis aud Louis
Vile, demand 50 buying, par selling
The Secretary Of the Treasury this after
noon accepted the following bonds: AIS
registered, $3.50, 600 at 100 $4,000 at lOs1l
as, coupons, $1,000 at 1919.
The local cotton market closed easier to-
day. Sales $500 bales, Of which 400 to OK
porters and 2 100 to spinnors. New Orleans
spots closed quiet and steady, with futures
steady at decline OF 10 points, At
Liverpool the spot market closed quiet and
futures quiet and steady, declining 10 2
points. New York spots closed steady aud
of i-lGc, futures steady at decline. Novcm-
Der going Off points aud remaining months
I 10 points.
Hubbard, Price & Co. say: "The less con
fdent tone Of Liverpool was reflected by a
decline OF from 2 to Q points and the down
ward course Of prices was accelerated during
the day by the crop movement, which for
the first time In many weeks commences TO
show an increase, particularly due, how
ever, to the volume u receipts Mt New Or
leans AZ one time during the day, the net
declines here, as compared with last night
reached nearly 10 points, but toward the
close there was slight reaction and a stead
icr feeling prevailed. II remains to be seen
whether the volume Of receipts today Is any
indication Of what may be cxpcct,d to follow,
aud Of the size Of the movement the general
course oi the market for the next thirty
days will depend"
The Commercial Bulletin Of Monday dis
cusscs the condition OF the market ~ fol
lows AS near m can Ice figured out th6
position Of certificates at the moment seem,
10 show that pretty much everyone who
thinks well Of cotton IL loaded up aud cast
ing about for those who may think it'll,
better Of 10 10 come aud take o portion ~ tho
loud. Very poor success has attended the
angling Tor new demand, however and n
large percentage of the businnss for two or
three days at least amounted 10 little more
than swapping Of months whore the differ
oncos SEEMED 10 justify IL. In looking over
the features at present current mud hearing
the expression Of views In the room, IL
docs not seem out Of place that the fear II
shorting the market should prevail and the
prponlcmncc of Trading dhft In the
opposite dipct.ou. Belief In q crop exceed.
ing seven million bales t. undoubtedly en-
ioraincd In many quarters but TINT ligurc
or under u daily gaining advocates who
draw their deductions from the poor fall
weather That j. 1iUo.cd 60 have cut down
The lqp-Tfup and alsu from the continuous
small movement Indeed, o. the latter a.
coring 20 adviocs received, il said 70 have
no basi, .n harsiug difficulties. Or conccn.
tratcd effect among planters 10 hold back
supplies 10 creates nn impression among the
moro nervous and sensitive that possibly the
crop j. short materially on early pr1miscs,
aud unlcs, this idea il di-sipatcd pretty
boon II m1y prove tie open SESAME to the
hull movement for which the market has
been waiting Arguments TO controycrt ca.
trcmc prtcnsions are, Of course 10 be-
heard, and among others the sulFcs.
tions Of probable disappointment IN
consumptiNc requirements morc ircqucutl,
comes 10 the front hut u look
very much ~ though m actual falling of In
demand and an Increase In RECEIPTS would
be required 10 give the bear, real confidence
on todny's market there was not much en-
ciicmcnt nor any great amount of animation
with the iluctuation ON pnccs light, though
ON the average the seller carried the greatest
advantage. The principal influences com,
nom abroad, Liverpool showing considerable,
irrcRulanty, snid Co be due nj lint To- az i'm
preston that Ncillscstimatc would be- lover
than last year. aud aitcrwarl to the f.ilur,
Of an Alexandria Wgpp operator Thh
latter feature was reflected directly here b,
The selling out oi considerable long cotton
hut o. the Offering became promptly taken
up the market finally strengthened nnt
closed n point or two above lust evening
ny way oi Memphis the bulls liad dispaicl
announcing ~ per cent decrease iu ih,
Arkan'l' ,rup, aud this may have carrie,
-.