The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-23
noMEsrIc EXCmANGE.

DOMESTIC EXCHANGE.
New York and eastern demand, par buy
Ing $3.50 per II 600 premium selling New
Orleans, 81 discount buying, par selling.
Cincinnati, 81. Louisiana Louisville demand,
par buying, 81 per 81 900 premium selling.
The local cotton market closed steady,
with sales Of IS bales, all to spinners. No
reports rs 10 the spot cotton market were re-
ccivcd from New Orleans by the Cotton cx-
change today. Futures closed quiet and
steady; August off - points, and remaining
months unchanged, The Liverpool market
was quoted free supply offering, middling
uplands and Orleans advanced lied. Futures
closed firm; August unchanged with re-
naming months up point The New York
market closed steady and unchanged.
Futures, very strong; August up ? points,
September oif point, and remaining months
up TO ? points.
Hubbard, Price & Co. say; "Both New
York and Liverpool have today shown a
steader market for contracts ~ to those pc.
sitions which indicate the value of the new
crop but attention here has been conccn-
trated upon the August manipulation,
20 the great confusion Of all interested Ia
the space of about five minutes on little or
no trading the market was advanced from
sl0.3l 10 500 and then again declined TO
5000. The ultimate issue Of the squeeze II
is beyond the power Of the public To guess,
but il Is very evident that the market is
completely In control OF q few operators
and that the deal has not been abandoned
from any inability on their part 20 carry out
their designs the causes influencing new
crop deliveries have been mainly improved
the foreign demand aud rumors Of serious
damage by the rain storm which has ju,t
swept over the south. Whether the latter
will be well founded or not, the interruption
10 transportation aud communication will
tend 10 make the crop even later than was
anticipated few days ago"
The Manchester Guardian 81 the 22d
inst, In is commercial article says.
'Quictnc's has prevailed throughout the
market business has not exceeded n
moderate amount In any department
There Is a fair inquiry for India, but dill.
Guilty regarding price and the length Of
time required for delivery prevented much
business. The India cloth department,
however, is strong from the producers
point Of view, and there is little desire 10
sell, except At full rates. There is u mod
crate inquiry for China, but few orlers
have been effected, however, a. there is
decided difference between buyers aud
sellers. The demand for the continent and
the l.cvant Is variable, but has not exceeded
moderate proportions anywhere. The home
trade is quiet There is but little inquiry
for -sLgsrr Yarns. Home manufacturers
buy sparingly. The cloth trade Il
almost lifclcss. Producers In some leading
departments are woll fortified with orders.
There are few signs Of pressure TO sell, still q
more active demand would In many eases be
welcome. The lack of orders for some dircc.
tions Is causing further stoppagc Of looms.
Most kinds Of India shirtings arr fully en-.
gagged and the orders on hand for most Of
the other India staples, including some
makes Of Dhoolics, are abundant China
shirtings are weaker, but fairly engaged.
There is moderate inquiry Cor miscclla.
neous kinds Of printing and other finishing
cloths but staple makes are not easy 10 dis.
pose Of In quantity. Stocks do not diminish
Heavy goods are quiet, with small sales"