The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-22

.|'.|' EAiiiANhts
New York and cities north and cast on
Remand. x discount buying. New York
+ and principal cities north and east, sight,
"a discount buying New Orleans, ~ dis
eonnt buying.
Selling Rates--On New York, = per cont
premium on sums below ~ 200. Si.b0 per
II 900 premium on sums OF $1,000 or more;
on Cincinnati, 81. Louis or Louisville, $i50
per 81 900 premium on all sums; on New
I Orleans, $50 per 5000 on all sums Prime
commercial sterling sLs2@Ls2N.
AZ the Stock exchange meeting today 8
pharcs OF the Vanderbilt Insurance company
: stock were sold at Toe and at l0l6c. The
bank clearings thus far this week show de-
.idcd falling OF from tho clcarings Of last
week, and also falling of from the clear
lngs for the corresponding time IN 1887 thus
Indicating decline IN tho general business
81 the city. The local cotton market closed
quict and easy with sales Of 1860 bales New
Orleans spots arc steady at decline Of i-i0c.
Fnrurcs closed steady. March, April and
May advanced / point; the later months
went or | TO 3 points. Liverpool spots
closed fiat and somewhat irregular, with ful-
urcs easy aud OF points. The New York
market closed steady with futures steady
and mp to points.
The Manchester Guardian. IN It's CONNER.
rial article says Quicincs Is the prevailing
feature IN the market although occasionally
when lower prices are accepted the amount
Of buying II rather larger than Il has been Of
late. The business Is stu far from import,
ant however The yielding Of prices has
been much moro marked IL the yarn than IN
the cloth departments. The prices In tht
Roth departments arc already relatively
worse for the producer than In the yarn de
partIncnts. Tho decline has not been gen
tril. and tho market j. weak and irregular
rather than altogether easier. business FOL
The larger eastern markets has not exceeded
The full amount, although In few case
pome previously impmcilcahlc orders hay
been put through the hulk 81 inquiries 70
these outlets are siil at too low n figure.
demand for the lesser foreign markets I
moderate. Home houses are rather busic
IN supplying retailers, hut thcy do no
purchase frcly from first hands III,
Seasons operations arc backward. Viewing
The market as q whole, Il must be observed
iha, Notwithstanding the late dullnc--, the
production T. stil mostly well under en-.
nguncni. Consequently spinnsrs and
manufacturers arc very strong and indo.
pendent Some orders, however. are cx.
pifina, and stocl.s arc increasing The cx-
port yarn department Is rather idle owing
ioubilc-s IN great part 10 the fact that
merchants have still received large quaint
iic- % stock under previous contracts, ant
have few new important orders coming for
Narl- There has been some increase In
business for home consumption. Business
IN the cloth departments Is slow and Il mol
sasy b cflcct at previous rates. Manu-
fncturrrs. however arr unwilling 10 yield In
view Of the scaniincss d the margin. soins
moderate order. for India aud China staples
have been executed, but the movement wa
u NO material Importance. Best printers
and high reed finishing cloths arc barrel,
steady, with smal sales. business In hcav,
goods isnoi large the tendency OF prices I
In favor Of buyers.