The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-29
GENERAL TRADE.

GENERAL TRADE.
Bulk meats and lard were advanced today.
Grain In store at the elevators Corn, Ig27
bushels; oats, i0,37s bushels wheat 53S
bushels.
The Commercial Bulletin Of latest date has
the following. THE following dispatch was
received NJ the New YORK Cotton Exchange
from the Liverpool Cotton Association yes.
tcrlay. Cotton shcctcd bales are good dcliy.
cry. Resolution will be moved TO make such
actual tarc.'
This was nn answer TO dispatch sent re-.
Gently by tho Exchange asking the scnti'
mcnt of Liverpool buyers on the substitu'
ton Of cotton (or other bnpging In place oi
the regulation jute wrapping While con
siderable doubt Is expressed among members
Of the Exchange as To the ACCESSIBILITY Of
changing from jute 10 cotton, yet nearly all
are Ia favor Of doing something that will
! place the market entirely independent Of
the juto combination. No official action
has as yet been taken by the Ex-
change In the matter, hut now that
the Liverpool market has expressed n
willingness to lend its support 10 the new
movement, tests Of the three materials that
have been offered by different firms to' the
exchange will be urged. Sill the substitu-
ton Is very serious matter, affecting the
entire trade, and among the moro cautious,
the sentiment is to move slowly and wisely.
Whatever substitute & made will be first
subjected To very severe test, though the
leaning is to the new cotton fabric, and II
adopted II will materially increase the do
nestle consumption especially In the line
II low grade cotton. which would be utilized
aud which now quite often goes a begging
The three substitutes offered for jutc bag.
ging are cotton, wire CLOTH aud fabric
manufactured from the needles or leaves Of
the pine tree.
TIE cuIcAoo oR,is MARKET.
Chandler Brown a Co., Of Chicago, 10
Ogden Fontainc, Memphis. The principal
feature Of the wheat market today was an
other sharp advance In September. There
were no offerings, while shorts quickly bid
up prices use per bushcl In settlement but
nj 900 Hutchinson became free seller
Cables were firm aud higher. hut little at
tcntion was paid Ia outside news, the quc,-
ton with all was what Is Hutchinson
doing1 During the advance u September
shorts In December covered enormous lines,
forcing this option 10 tiOoN. hut the
weakness was at the close, under heavy offer
ings Of long wheat The opinion was gen.
cal that Hutchinson was selling heavily
through brokers. Curb. gs'.c
A dispatch irom st. Louis states that
100 90 bushels 81 wheat left ST. Louis by
special trains last night In fact all that wa,
available. Its claimed that the grain wa,
forwarded by st. Louis shorts who wcr,
caught In the squeeze. There was very littl,
Hurry on change today, though buyers wen,
cautious"
The Chicago nriiy Nou says. 1ic bull
wcrc not satisfied with the whole barnyaut
this morning They wanted the pasture, too
There was none 10 question their right IN u
Ia fact the whole field was conceded them
December wheat, which closed last night a
+, psA@m'sc, opened officially nj 0Ac
b though. o. a matter ut TACT there we're few
sales at this price, aud hardly any between
\ w'.c and tiuo. the price 10 which II i'm
mc'l,hicly iumpc,i Five minutes aitc
4 the opening u s1ld NJ iicoiS, but Their
/. vas an evident disposition 20 draw
3 IL rather mild above this figure scptcmbc
= wheat was ti.3i uu thc curb. but In the nj
4, there were trades at tig Is. Hutchinson AL,
De- hal September wheat iUr sale aud dil no
know the price II H. lie said. II though
, would wait till about noon 10 see villa
= price the boys would put ON u, aud also ~
? how much wheat IL coming from Milwaukee
: and Chicago. ! want the boys 10 ,rcl goo,
price TOT IT, while there wa, IN cnormou
p trade In December and October wheat ~
A greater part u the Interest suli ccutcrd Il
, September Hutchinson. when approa, he,
; boy The manager of thc quotation department
u the board ior the price, said. u don
{, know anything about H. I will give o. 4
D Tor Il II you have any iur sale" lie aitcl
ward said that be- would nN price at whic
be- would scll al a. o'clock, and the poe
= shorts, not knowing where else h. q,
J. the wheat were patiently waiting e.
!, that lime 10 arrive Meanwhile, st. lou
= IL being called upon Tor wheat II Il al
= that fright trains are already loaded tlcf
10 aud are speeding this way on passenger trai
\ time. There il also said % be little stu
y coming FROM Milwaukee ard Detroit
= will take quick work on the part of the II
= spcction department., the railroad aud N
2 elevator people 10 rct tho stuff into N
warehouses and Issue receipts on Il IN
q mouth Meanwhile Mr. Hutchinson COT
ID trolls tho situation October pork, Octob'
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