The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-18
DOMESTIC ENCHANGF.

Same time last week ....a,l ,lu3,N1ll $500, :,
Corresponding time 1851. ,4G@a1, s,, $500 ~
Corresponding time 1850" 'OL-'"'S -''''''''
DOMESTIC EXCHANGE.
New York and eastern demand, par buy
ing 81. 80 per 81, 600 premium selling New
Orleans, g. discount buying, par selling
Cincinnati - Louis and Louisville demand,
par buying 81 per 81, 900 premium selling.
The local cotton market closed steady
Sales. 80 bales, all to spinners. Sales for tho
week. 100 bales, all TO spinners. New Or
leans spots dull; futures quiet and steady,
August of points, and September and
other months of points. At Liverpool
spots closed duh but inactive, with futures
quiet, August of l point and remaining
months unchanged. Manchester cloths and
yarns firm and demand fair.
New York closed easier, and futures
steady, August off II points, September and
October of ! points, and the rest oHi points
The Commercial bulletin Of latest date
SAYS: august seems 10 be Just rs well In
hand ~ ever, with the longs in no way
alarmed over the threatened supply, and
while not at the moment taking any ag.
grcssiyc measures are IN steady attendance
and carefully watching and guiding the
fluctuations. II the general run Of opera.
tors desire to sell no objection seems to be
made. and when an effort Is made Ia buy the
clique seems 10 have bids ready To promptly
assist the natural strengthening influences.
Al the opening this morning rates we're
little easier, but on covering orders received,
In part from Europe, cost run up some O
points. This gain was hftorwnrd slightly
modified, but the close found valuation
fraction above last evening and the close
fairly steady. About 5000 20 1900 bales
notices were issued today but promptly
stopped, aud the pretty we'll authenticated
report that some 1000 bales are coming here
from the surplus Of eastern spinucrs was
claimed by the "buls' as q matter II
small importance. As among the cur.
rent mmors however IL may be
mentioned that II Is said, buyers
who will guarantee to take cotton actually
aud promptly oil the market, can be nc
commodntcd at something under spot quota.
tions. ON the late months tho feeling was
somewhat hrmcr and a couple ~ points re-
action gained, ~ though operators rcrcntel
a trihc over the sudden drop Of yesterday,
and were inclined 20 take back some Of their
sales There Is no doubt, however that
most adviccs while admitting that rather
more moisture would be beneficial, are In
much more favorable strain regarding crop
conditions and neither covering or buying
Of the fall and winter options Is altogether
popular at the moment Tho reported deal
In spots was light, with no Official change
made In quotations. ltwn reported today
that Liverpool had adopted new rules, 10 go
into effect October 1, by which the grade oi
good ordinary would be- good delivery ON
contract Under present rules the limit
stops at low middlins."
Hubbard, Price & Co. say local rains arc
again reported In Texas aud Indications now
point 20 breaking Of the long continued
drought In that section. Under this inilu
sncc and the failure Of Liverpool 60 respond
90 our steady market Of yesterday, the
distant positions cascd Immediately after tho
opening and closed at about tho lowest
prizes Of the sdny, October showing the
most strength aud September again display.
ing great weakness. Upon August a
raid, or rather tho selling 81 line
Of 5000 sales, said 10 have been long
cotton. broke 90 market rapidly from
u.io 20 u.3o. The bull party evidently
know Of this sale as they RETAINED from at
tempting 10 sustain prices during the de
cline. This operation has exceedingly mys
titled traders aud tonight opinions are very
unsettled ~ to the future course Of August
Many believe that some settlement has been
arrived NJ, Others that the movement was for
the purpose Of preventing further shipments
Of spot cotton here. and still Others that We
have seen our best prices Il is impossible
10 do moro than record the opinion Of
ofhara