The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-30
DOMESTIC EXCHANGE.


New York and Eastern demand 81 dis.
count buying, sight SO discount buying, par
selling. New Orleans x discount buying
$lprJmium selling Cincinnati, st. Louis and
Louisville, demand - buying, par selling
The local cotton market closed quiet
Sales, 1850 bales Of which 2,iOJ t. cxportc S
and 2lOO to spinneIS At New OrlI.ns
spots closed quiet, aud futurcs c"iFt and
steady at a dccl,n, OF 10 points.
Liverpool closed steady, demand fair
futures quiet and steady at an advance Of /
TO points At New York spots are steady
a. an advance OF l-lGc, with futures steady
at a decline Of I to G points, Tomorrow
Thursday Thanksgiving holiday will be
kept by the Cotton Exchanges Of New York,
New Orleans and Memphis, and no reports
will be sent or received.
Hubbard, Price a Co. say. 'our market
NJ the opening showed q steady tone aud nn
advance of some . TO 4 points After the
opening, however, upon rumors that de-
cline had taken placc in Liverpool
the bear, ayalcd themselves OF the
opportunity afforded them by the
holiday to raid the market and
the continued pressure Oh It brought out
much of the long cotton purchased ycstcr-
day Receipts are full, larger than expected
and the successful efforts OF the bears
naturally gave them fresh courage. The
in,rkct goes home over Thanksgiving, with
tine short interest increased. Tenders 81 De.
ccmbcr notices continue today, but not 30
freely as was the case yesterday
Henry Clcws & Co., la referring TO the
cotton trade o. last week, state that opera.
lions wcrr checked however, by the unccr
tainty regarding the promised estimate Of
Mcssrs Nril brothers. Ut Liverpool, which
wa, due earl Boo the week, and the majority
of the operator. deemed 10 best tD await the
publication IT their figures, Us 10 was ul
mittcd o. would have some influence ON the
market This estimate I'D not appear until
Thursday when b. came through Liverpool
whore its effect was first made ON that
market hy q drop OF 10 J.Gil in price.
This estimate WIS for minimum Of 1900
un' bales and mlA imum OF 100000 bales
thu. leaving large magin Tor con
tinrcu,ics our market went oil 10 o
points. which was light Ia view Of ~ bcnr.sh
tendency. but there were good huyyr Tor all
cotton offered at concessions The fact Is,
our best operators take but little stock In
the Ncil estimate. and the best informed
among oUr siuustiC,aus place the production
at icss than 10000 bales. Mcssls. Nuil
Brother mv" 1i aunv seasons w the pact
lcrn quite po,pHgi boz their views regarding
The American crop hat they are not iulilli.
L.o Tor instance. last year they started out
with 900 estimate Of ,.,ViuIJ bales which
they aitoirai reduced 10 G.tDUOO and
th,u u..,l o. 5,Dll.UuJ Nhcu the s,asOn wa,
quito Ger advanced"
The Manchester Guardian. in its CONNER.
cili Mtis.coi tIc l.th, says lhccNpcricucc
oiso.lgr has varied widely some progressed
we'll but mos. rrpor, light sales on th,
whole the business .sv,,k has not clualcd
tAa, Of Monday and Tuesday Of last week
%, .lackucs .s occasionally due 10 a slight
hardening but is more frequently thc e.
suit Ola temporary sil,kcninr u She a.,
mlnl vhJr buyers have satisfied their
present requirements There arr doubtless
some important 0rler Tor plain staples boz
baud for India and China. bat few can b,
executed Eastern buyers have much busi
meas before them below current rates. bat
this j. D.. 20 than in other departments
Most kinds % goods used in ilc Continental
aud other iUrisn markets except those Of
the East hry boz slow aud moderate demand
at any price. Home houses arr doing little iu
view Oi thc nearing ,toJ k.takiuF. Price arr
fairly steady and sometimes very frs.
Manufacturer arr hopeful u better mar.
gin, believing Tint its weaker tendency ol
cotton aud yarn siil continue without cloth
weakening There be- o. moderate export yarn
bushes Recent business for China was ct
ccutcd bya Little yielding Of prices. bot
spinner au JlIu very Grm and ar. uulh',
- prusus.. by..urs loo the cloth depart
mont uuI large Producers uf India aud
china sHu.uHs che former especially. OBJ
ic1r tp Doc Boo stronger position than o.,
othyn, l'.w s hir inquiry tur ihts
goods, although much oi DO BE- mot pmruo.
bic. uhluuH au steady with o moderate
business. Jaruu,u arr llyihir Boo a.r quu
utiy. uta little below current rates Print
iuF cloths ary yyr, dull and prices ar7 pDlI
Many luums especially those producing o.
better qualities. are working uu short tm,
Heavy Fu ia arC quiet with q steady do
mauA'
nond- Rud stocks
HtNg stVgEA