The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-14
AilIAh blfAlt
THURSDAY EVENING, Sept 10, 1855


Money in good supply demand firm rate
sper cent
The clearinghouse report Is ms follows;
Clcaranccs. Balances.
Thursday. September 49, si77,7OST sGOPli2i
Thus fur this week.......... SS2Anl2 80
Same time last week. l9S5d.G,aa % S5SG,SS}
Corresponding time, lss7- FL9sii2 %HuAV2
Corresponding time, 1856. O'>,lolh 10 .'Voo
DOMESTIC EXCHANGE.
New York and eastern demand, par buy
Ing $3.50 per $1,000 premium selling. New
Orleans, 81 discount buying par selling
Cincinnati, St Louis and Louisville demand,
par buying, 81 per 81 600 premium selling
Henry Clcws & Co., in their financial cir
cular, state as follows lowing TO the some
what artificial tone Of the market we would
advise continued caution and discrimination
In the purchases of long stock, Evidently
Il is In the power Of the bull oliqucs to mark
up prices still higher and, MS conditions are
daily becoming more favorable, Il Is not inn
probable that this will be attempted. still
il should not be overlooked that the market
is in the hands OF n few big operators whose
interests may best be served 10y bringing
about sharp declines, such movements being
facilitated by lack of the steadying influence
OF large outside interest at time when
public confidence is gradually rising We
do not positively look for such reactions
still they are not impossible In the present
condition of the market and they are
merely suggested a. showing the necessity
for caution at time when sentiment Is
daily becoming more buoyauL outside Of
Wall street. the situation continues 10 I'M
prove. General business is growing more
active, and the early expectations Of q
good fall trade promise 20 be In every way
realized"
The local cotton market closed quiet with
sales OF 90 bales, all 10 spnncs. AZ New
Orleans spots closed quiet with futures
quiet aud steady; September advanced 8
points, with remaining months up l 10 ?
points except the very latest months, which
ARE unchanged. Liverpool is quoted firm,
demand fair, at an advance Of 3-l6A Futures
quiet; September declined / point, other
months unchanged. The New York spot
market closed steady at a decline OF Ito 10
hc, quotations being revised, Futures closed
steady September oil l-lGc, with remaining
months unchanged
Hubbard Price & CO. say: "A favorable
iNI'AA N'iN lIN'l l'bl lilIT lNNlNlllF lAll'N lN
arouse any special enthusiasm on this side
and business was resumed nt about the clos
ing figures ~ yesterday. Fluctuations dur
ing tho day have been Of little moment and
but Tor decline Of ? points In September,
IN consequence " q free circulation Of no.
tics, thcc was little change TO record at the
close. Cotton in the south Is becoming more
freely offered, aud this fact, In connection
with IMPORT, of generally clearing weather
Is likely 10 have a soilcuiug effect upon
prices While cotton is much needed abroad
the fgur's ruling here augmented by heavy
transportation Clan7's ary looked upon with
disiay0E by MauJh, Ger spinner. who threat.
e. % shut dosu pending a change IN the sit
lhn1a hfrt-"
TIE Nsu N.-F S.a-a-1l C.rli.s today
p.er-l5 lsi no Memphis Cotton exchange
he rt5a-i % tls i..al gnp of ls,5-,, a. fui.
i9rs Fort receipts SggCA overland
m5rsms1t y-l.7s southern consumption,
$3.50 total crop sul5,'U7 foreign exports
4G. s-I. port stocks. III. 215. northern spin.
nen' takira~, l.5s5. i2i."