The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-15
The elearlng.house report is as follows.
DOMESTIC EXCHANdE,


DOMESTIC EXCHANGE
New York and eastern demand, par buy
ing s. per $1,000 premium selling New
Orleans, 81 discount buying II premium
selling Cincinnati, 81. Louis aud Louis
Vile demand par buying, $3.50 per $1,000
premium selling.
The stock call board will meet this fore
noon and decide whether or not to keep up
daily sessions during the summer months or
adjourn over TO next September or October.
The volume Of business thus far this week,
Judging from the clearing house report, is
declining somewhat, the clcarinr' being over
$4,000 less than for the same time last
week.
The local cotton market closed quiet, with
sales at 200 bales.
At New Orleans spots closed quiet with
futures dull, at an advance Of 10 , points.
Liverpool spots advanced ilGl on all grades
except ordinary and good ordinary closing
firm, demand fair The New York market
closed firm, with revised quotations, good
middling being advanced llGci rest I'M
changed
According to the Commercial Bulletin OF
recent date the burcnu report on second
reading and the general dissemination 10
nut much faith In II undcrnny circumstances
really carries very little weight rs a strength
ening factor especially rs the weather has
been most excellent since the government
report was compiled, and no new trading
has resulted through fears Of danger TO the
new crop. ON the old crop months all hands
are watching the course Of August with n
continuation u the fear that the month
may yet be manipulated, but II commences
10 be suggested that the short interest,
under this feeling Of apprehension, Is gradu
ually working out, and may not bo left In
sufficient volume 10 afford an opportunity
20 make much Of twist when the time
comes II Is reported that several operators
are picking up considerable cotton at the
south 10 bring forward, and We also hear that
some stock Is coming here from the eastward
o. be delivered on contract
The Manchester Guardian In H. CONNER.
cial article, says; 'rhc market has n strong
appearance. Sellers have occasionally at
tempted fuitlcssly 10 raise prices though
where sales we're effected they were at Fri.
days full rates. The market Is decidedly
quiet rs far ns actual transactions are con.
ocrncd. Sellers aud buyers report an cI.
cccdinrly light business Tor Tuesday. There
Is fair demand In several departments, but
The prices Offered are often much below reg
ular rates Apparently strong position Of
cotton has inspired producers with a sense
Of the danger In entering Into contracts ON
the basis Of the prcscn, narrow margins
especially In the cloth departments. aud
Therefore ar not disposed 70 accept low
Offers when there IL prospect for better
terms There II a moderate inquiry for
India aud China staples, but Il Il
largely impmcticablc. business Tor
the smaller foreign markets Is small The
export yarn departments are inactive but
steady. Some sales a. fair amount for
India are reported az full prices Little has
been done for China aud the continent
Home manufacturers have bought sparingly.
business In the cloth departments has been
light. India aud China shirting- are steady
and fairly we'll engaged Producers Of fine
and fancy goods arr anxious foi fresh orders.
Printing cloths are dull. The production II
slowly lcsscninr In some directions. Other
nhfhlUf tlNlhH uFf VulNi WIN WNA'lh'
demand Heavy goods are hm. The sales
are light
Hubbard. Price a Go. say ".iycrpoors
opening proving n disappointment TO the
room, our market opened points higher on
old and points higher On new crop months,
with apparently some very good buying
After further advance II ? points made on
the near options, bidding became less vigor
Gus, and although Liverpool cent NJ a steady
close arrivals arr still led higher than y,s
tcrday. Private cables intimate that thci
market showed free SELLER, owing 10 lee
favorable reports from Germany In regard q
The health II the Emp,mr Holders her
commenced 10 ell. and brought traction
The market closed but frum l 20 3 Point
above lat evenings Irires"