The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-04-03
EXCHANGE.


New York and cities north and east on
demand, x discountbuying, New York and
principal cities north and east, sight = dis
count buying. New Orleans, 81 discount
buying.
Selling Rates--on New York, y per cent
premium on sums below $1,000 $3.50 per
81 600 premium on sums Of 81 900 or more;
on Cincinnati, ST. Louis or Louisville, 81 80
per 81, 600 premium on all sums on New Or
leans, $3.50 per $1,000 on all sums. Prime
commercial sterling, S4.s2@is2h.
Some changes in quotations Of local secur'
titles were made at the stock call board today
and the lis, ranges slightly higher. Ten
shares Of Memphis National bank stock were
sold at 100
The local cotton market closed steady ut
. decline Of i-lGc, and sales, 500 bales, all to
spinncrs. New orleans spots closed easy
and futures stoady At q decline of 10 10 20
points. The Liverpool Cotton exchange was
closed today owing 10 Faster holidays but
will be open In the morning.
The New York spot market was easy and
of l-IOc, with futures quiet and of 10 to 10
points. Hubbard, Price & Co.. in their cir
Liverpool news today, this mornings cotton
market did not show the buoyancy Of last
week and prices opened $ TO 0 points during
the day We cannot give any special reason
for the decline except that there was n pro-
nounced desire 10 sell, partly by operators
who had bought during the latter part Of
last week In the hopes Of a further improve
mcnt partly on some southern orders 10 90
short Of the market, The leading houses
kept passive. Tho receipt, show n pretty
full movement, but current estimates Of the
overland movement for the month Of March
are smaller than the iguc for the saTnc last
year. The market closed quiet There Is
push here 90 buy cotton for export, but
actual transactions are curiailed by the mar
row margins between here aud Liverpool ("
Receipts at all United States ports today
were 1911 bales greater than ON the same day
last year.
The New Orleans Coiioa World Of the 3ia
ultinio gives the general cotton movement
for the week, and The northern spinncrs tax.
ingy a. follows: Today being a holiday.
we are unable TO close our tables with the
full weeks figures but fill them ont with
data up TO Thursday. The receipts mp To
Thursday showed a loss compared with the
samc time last week Of 2, $50 bales, and com
pared with last year 81 i,735 bales. The |
total receipts for the month Of March, up TO |
THURSDAY, were az, 100 bales Thi., allow.
Ing i30J0 bales ior Friday and Saturday,
would indicate n total for the month Of
about 225,000 bales loss compared with
last year Of about u O1O bales.
We have no reports upon which 10 base
al estimate of the interior movement At
Memphis, st. Louis aud Augusta however,
the receipts mp 10 Thursday were 1898 bales,
against asa, bales same time last week
The shipments from the two former places
were 2,7J0 bales larger than same time last
week
The amount Of American crop IN sight Is
now GiaS,OCJ bales against GOS5. OSs bales
last year and 6,OI7 $40 bales the year before.
IN increase compared with the former Of
S52,ooi and with the latter Of Ss7,iiL
Northern spinncn takings from ports to
date. including overland shipments from
scp,cmbori TO February ~ have amounted
20 i,iio,0i2 bales against gSi $40 last year,
and i,ii34J year before last an increase
compared with last year n lO1252 bales,
and compared with the year bcioro Of "a.
ISIS These facts are demonstrated AZ fol.
lows