The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-19
mort IL ms follows.
nuMrsTIC EXCmANUr.

New York and eastern demand, par buy
ing. 50 per $1,000, premium selling. New
Orleans, g discount buying 81 premium
selling. Cincinnati, st. Louis and Louis
willie, demand par buying, $3.50 per $1,000
premium selling.
There is no change in the money market;
rates are firm at per cent.
Gov Taylor and State Comptroller Picard
were in the city today cndcayoring TO induce
the Memphis banks to loan the state 100000
70 pay the July interest on the state debt
II was understood this evening that the
amount would be forthcoming the banks adj
vancing Il pro rata.
There was no meeting u the Stock call
board held today and no changes IN local SCI
curiiios were recorded
The local cotton market closed firm al an
advance of lice on a,l grades.
Cotton blooms were received at the ox.
change today from the farm Of W. NJ Cole
man, on Big creek, shelby county, and also
from the farm OF O.. W. Smith, near Hickory
Wythc, Fayctto couut4, in this State.
Spot cotton at New Orleans advanced l-lGo
on all grades Futures advanced few
points Atliycrpool thcsp1t marlc! closed
steady, demand fair with futures quiet and
steady and unchanged. New York spots
closed firm with futures firm at AN advance
Of Q points on tho old crop markets aud
20 points on the new.
The additional sales last week not previous
ly reported were $50 bales to spinners aad
2O7 bales TO exporters.
Ifsl. v, g sf.st,
ndyiccs on the whole are Disappointing de-
yeloping nothing calculated 10 afford
further stimulus. Our market Tor options
opened slightly better. with an effort 10 slim
ulate August, but finding no response, sup.
port was Withdrawn and Ito market sargcd
of few points. The easier tone gave room
90 more stcaGincss during the afternoon
hours Of the session, some liberal buying or
dos came In, aud assisted bya liberal record
Of spot sales, partly for export and partly
for home consumption, infused O smart al.
vance and placed the final rates to I points
above Saturdays prices The principal cause
OF to-day's improvement rests, however
with the covering Of two prominent German
shorts. This continued buying keeps ur mar
kct FIRM aud advancing slowly, os hodcn un.
dcrsuch circumstance. are not willing toscll.
and such a crawling tendency Of the market
and upward direction has done more 20
brighten the short interest Than a more rapid
advance would have done
The Eraiauci Agency reports 90 failures
IN The United States during the week ending
lame II. lssS. a. follows Middle States, 90
New England States, %, southern States, 3s.
western States, a, Pacific States and Ter.
ritoricf, co. Canada, .. Total In the United
States aud Canada, 2io. There were lls fall
urcs la the United States in tho preceding
week, and liG, i7o, ig1 and isi In the CORE.
spending weeks OF 1851, 1850, iss5 aud 1884,
respectively.
EFFORTS.
Three hundred aud fifty sn bran,
100 brls beans AnT peas, 2i06 rolls
bugging ln2 pkgs bacon 800 pkgs boots
and shoes, 80 bu corn, 20 pkgi cheese, 20
tks coffee 80 brls lime 800 brls cement, $50
sks cotton seed, car cotton seed, 400 sks
cotton seed Oh meal iOO bdls cotton ties. %
pks dry goods, Il pkrs cprs, so brls -four,
2,gi2 bales Of hay, A. pkgs hats ~ hd hogs
S25 heal sheep, % hd cattle, ~ Id horses
and mules 20 pkgs lard, OO.OOl feet lumber