The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-18
noMEsrIC ENCMANGE.

DOMESTIC EAClANhE'
New York and eastern demand, par buy
ing, So per $1,000, premium selling. New
Orleans, 50 discount buying, IL premium
selling Cincinnati, ST. Louis and Louis
Vile, demand par buying SLOO per l,OOO
premium selling
The local cotton market closed steady to.
day. with sales GOO bales, divided equally
between exporters and spinncrs New Or
leans closed steady at an advance OF l-l6c on
middling and good middlingi other grades
unchanged Futures closed quieti old crop
months advanced Sc; rest unchanged. Liv-
crpool was quiet little doing, futures OIL
point, and generally in myers favor The
New York market closed steady with futures
quiet and steady, the old crop months al
yancing TO points new unchanged.
The Commercial Bullcim, OF Monday, con
tains the following: Exactly what has
come out Of the weeks deal that could be
fairly accepted as a guide for new operations
Il would be difficult TO tell, OF course in
tcrcst has concentrated principally upon the
remainder of this month and the one TO fol-
low, with some increase OF attention given
September, owing 10 the wide difference cx-
listing between IL and August, and, rs scnti'
mcnt might happen 10 iluctuatc, values
underwent q change, but the entire line OF
operations was simply a rtmolding Of old
business, without evidence OF the introduce
ton Of new lcavcn. Upon the bull side
might be heard the usual claim Of strong
statistical position, the certainty Ian actual
scarcity Of cotton, with rates TO correspond
before new supplies can become available,
and n constant warning 20 beware the Au-
gust squeeze, TO which within day or two
has been added rumor Of considerable
quiet negotiation taking place that would
result in the expectation Of II large
block Of stock. In opposition comes
the assertion Of belief that 80 far ~
regular demand Is concerned II will manage
10 get along with such supplies rs are likely
10 be available, especially should cost show d
disposition a. increase, while In regard 10 the
speculative movement the assumption has
been that the short interest 80 thoroughly
advised Of what they might expect, have
done a great deal In the way Of covering and
getting out followed In turn by consider
able quiet splitting Of engagements 10y those
who zee no further use for them, and lattcrly
this section has been attributed TO one Of the
largest longs, who was said 10 be- unload.
ing August secretly into the bag uncun.
sciously held 10y another prominent operator
and following IT smaller trades The bear.
ish view Of the situation We think y on the
whole most generally entertained and II
holders manifested a desire 10 s"h out the
room would w ready Va nclp them, yet on
--bnih .il.A ui the question opinions are more
or less entanrlcd by u latent feeling Of per
ploxity. aud the most common query on the
exchange Is what DO you think Of Augusu "
NroHrs
Fifty-one pkgs butter. LOO rolls bnfging
1874 pkps bacon and hams, 500 pkgs boot.
and shoes, 3 cars corn, 81 pkgs cheese, 62
tks cotton seed, 2,i2i bdls cotton ties II
pkgs dry goods, 10 pkgs cggs, 700 brls hour
] car hay, "a pkg, hats, head horses and
mules, 40 pkgs lard, blVD feet lumber
~ pkg liquor, 1 car nails, brls potatoes
car pork sides, 49, brls sugar ljS pkg
tobacco and ? cars wheat