The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-20

wednesday, September ~. Sl5LtNni 5000
Thus far this week., hlptlhns 80 ,5,, ~
Same time last week., lOisNN - i.,s1 49,,
corresponding time 1851. 772lhlI ?ni 800
Corresponding time, les6,- Abloll'o' i-''0'0'-
DOMESTIC EXCHANGE
New York and eastern demand, = DIS
count buying = premium selling. New
Orleans, !. discount buying, par selling.
Cincinnati ST. Louis and Louisville demand,
par buying 81 per 81 900 premium selling
bclocal cotton market closed quiet. Sales,
200 bales TO spinncrs
New Orleans spots closed steady, at
decline Of i-l6 TO &c, according TO grade
FUTURES closed quiet; September of
points, October and remaining months
declining points.
At Liverpool spots closed quiet without
quotablc change Of prices. Futures quiet
September went off points and later months
! TO 3 points
The New York market closed steady. Fut-
urcs duh but steady, at decline OF points
for September.
Hubbard Price & Co. say: Liverpool this
morning a. shown by the early cables was
fully one point down aud the opening prices
showed a corresponding reduction. On the
receipt OF favorable news later In the day
there was an improvement Of few points,
which was lost, however, IN n large measure
though the market nj the close was steady.
Tho interior movement docs not increase as
times 20 on and the decrease In the visible
supply and the great delay In the rclnquish-
mont are used by the bulls as a strong argu.
ment IN favor Of higher values, especially
for the near positions. ON the other hand
consumers abroad, In the expectation Of an
ultimate out turn Of Z, 10000 bales, are 10th
70 rcplcnish their stocks at what they regard
n ar,incinlly high prices, and In the case Of
the Manchester spinner are simply keeping
employed ON half time awaiting an influx al
cotton 60 be had ON their own terms In the
more or less distant future. Frciphts con
tinuc very high. The great scarcity Of high
gndc cotton Is evidenced 10y the fact that
midlinr il selling NJ 1870 In our market
According a. the Commercial BuiisiH 81
latest date. tho screws arr siill kept tightly
upon September abroad. aud cotton Is Ger
tainly wanted for foreign shipment against
both speculative ani cousumptiyo orders,
but cannot be- readily furnished In Wow Of
the lack If freight accommodation here and
much the same trouble ~ the south, with
the latter lahoring under the additional DIFF
Gcutcs experienced iu moving the crop from
the plantations to the scabuarl, owing 10
bad roads, submerged railways, etc. IN TACT
while thcrc docs not nppor "a be boldncss
sufficient to invest with any great amount Of
freedom. there e. decided anupathy 10
selling the market OIL, except on the chances
d. a A.
ing inclina,ions v very prompt
The Manchester Guardian, II September
m. In %. commercial article says "Pro.
ducrrs have not expected much and there.
for have not experienced any disappoini.
mont iiitlc progress has hcyu made Sell.
err realize kr,uly the difficulty u establish.
ing higher prices In order b. cover the rise
IN cotton. Experience has taught that the
lifting 81 pic,s abroad and ut home. which
Is never easy, T. rendered more difficult In
India departments by the previous plentiful
contracts for forward delivery. HUT the
forces now bearing upon our markets are
undoubtedly heavy. The momcu,ary
squeeze in cotton tends no, only 10 raise
quotations here but "a check buying through.
out the distributing channels and ~ lessen
the supply, Nothing short oi scarcity
however, can cause general rise IN the dis
tnbutlng markets The demand Tor export
yarns Il poor. Orders for China aud Japau
arc soarc. India buyers are only able q
pay current prices for small quantities
TheT ap some oplcr Tor the continent, bal
they are altogether Of slight importance
Home manufacturers appear 90 dis
trust the current prices and arc
only supplying their pressing needs.
Cloth l. quiet Sellers yesterday o..
easionally did an average Tuesdays bust.
ness The demand iof India staples is poor.
The frmncss Of prices prevents much busi.
ness although merchants hopc o. reap al.
vantage from tho recent rise In exchange.
There Il little increase in the inquiry flr
China. Printing aud other finishing cloths
are In demand cor moderate quantiis,
Prices are firm. Producers src not pressing
talcs. They are reducing production. mol
boing allie o. command rcmuncmtlvc prices
There N a quiet but steady demand tot
heavy rDuls"
New YORK telegram states that a special
aud p,rcmptury shlr ~ n,unel. took pls,.
IN The dry Fuods district today. There va
largc attendance Of buyers from ail p,r,
OF thc country. Twenty seven hundr,.
cases vcrc disposed oi. The gases coutaIns
almost every description " American f,r
nol, including large lots " ivillcd fancy b
cycle black mixed, gray nlNcd. snow nat
and San jose scarlet Among thc buyers ,
the biggest lots In this city were n. ~ Ga
lin 4 Co, Marshall Field n Co, Tcfi Well.
a Go. and swcaiscr Pembroke a Go. m
prices realized irum i2'.c a. Snr p,r var.
The terms given were four months on m
proved bills dated from today.
COTTON MARKETS.