The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-07
rcnori Is as follows
DOMESTIC EXCHANGE.

New York and eastern demand par buy
ing $3.50 per 81, 600 premium selling. New
Orleans, s. discount buying, par selling.
Cincinnati, ST. Louis and Louisville demand,
par buying 81 per 81, 900 premium selling
The local cotton market remains quiet.
Sales made today fifty bales. The New Or
leans market closed firm, with futures
steady at an advance OF point for Scptcm-
Der, 10 for October and 10 to II for remain
ing months Liverpool was active, prices
hardening Spots advanced = 10 3-lGd. Fut-
urcs closed firm and up 10 . points. New
York closed steady and unchanged. Futures
steady. September up 7 points, october 10,
and later months II TO II points.
Hubbard, Price 4 Co.. IN their cotton cir
cuar, say; "Rathcr to the surprise Of opera
tors here, the market showed an advance this
morning on yesterdays prices with the re
suit favopbly influencing quotations here.
Futures at the opening were about 20 .
points over those OF last nights prices, aud
the gain during the day hrs been gradual but
constant with the close about II 10 ~ points
over the opening. The foremost feature Of
the situation in cllccting the advance has Of
course, been the light receipts at southern
ports, and Il Is becoming very pertinent
question o. 20 where Liverpool will get her
necessary supply from now until November
], however large the American crop may III
timatcly prove The report Of the Georgia
agricultural commission showing Il decline Of
4 per cent. In the condition Of the crop was
also a factor not without effect In bringing
about the advance. The demand Tor spot
cotton seems active and the remnant Of the
old stock here is hsl passing into consump.
ton at full prices"
According 70 the Commcr-iui. Builci'n Of
latest date. While the ending of the Au
gust performance has materially cleared uI
the speculative atmosphere Of the exchange.
there b. % legacy left that h already causing
some little pcrplcNity over the chances fpr
September The disturbing element Is the
actual cotton delivered 10 the bulls and the
natural uncertainty ay 90 what disposition
will be made Of H., Many Of the longs say
they would like Ia have 10 rendered them ON
contract, but hardly expect 10 as yet find
holders willing Ia deliver stun that cost ma.
tcr.aily above the rates ut which they are
short and the mow likely disposition will
be 10 get as much Of the supply out Of the
country rs freight room can be en-.
gagged for, and watch chances 10 use
the remainder In manipulatyo way.
There Is also the matter 81 expiring
certificates 10 Voc settled next week, aud alto
ge.lscrit seems best TO handle the new month
<romcwhat tcndcriy. On later options the In
elnation is toward some iirnncss In agcncr-
oil way, little more 30 than expected, grow
ing IN part from the continued effort Ia show
that a portion Of the crop is injured or Is In
danger. and also 10 better average indications
for consumption, both domestic and foreign.
Indeed, the latter Is strong point with
many, aud as one II the number suggested,
their feeling seems to be that from a purely
commercial view the situation Is hullish, but
speculation has become altogether too crrauc
en- rs tendencies 90 induce many heavy deal.
era even under strong convictions