The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-11
ArrElL orrlcE,

MEpNE sDAY EvFSlNG, oct. w. looN
Money in heavy demand at per cent
and supply not ample for the wants.
Clcarancos Balances
"Wednesday October los 3Nh93 IS 5000 9 no
Thus far this week llNout - irst', dS
Cerresnonding time, 1887, l,2Oi,SsO q lso3ig y
Corresponding timc, lS'd- S'''l" q" l"''' ~
DOMESTIC EXCHANGE.
New York and eastern demand, 81 discount
buying; sight 50 discount buying, par SELL
inc New Orleans. iSc discount buying par
selling. Cincinnati, st. Louis and Louis
willie, demand. 81 buying par, selling
Today the local cotton market closed
steady, with sales Of 600 bales, OF which
$500 went TO exporters and 1900 TO spin
ners.
Now Orleans spots closed easy, with futures
steady. October fell oil I points, and
the remaining months on 30 3 points. Liv-
erpool. steady; demand fair; futures quiet
and steady October, unchanged, aud later
months advanced 70 points.
Tho New York market closed quiet and
steady at a decline of lice, with futures
steady, October declining IA points and other
months points
Inc nNltNllutNl NuINNh lhl'iN W. ~
TENDER is rs follows:
Proper returns OF the department Of agri'
culture make q decline in the condition OF
cotton. The heavy rains Of the latter part
Of August have continued during the larger
Part of the last month, causing sprouung Of
seed in the bolls rotting OF the lower aud
shedding oi the top bolls and foliage. Rains
and winds have intcriorcd with picking and
discolorcd the fiber and reduced the grade.
Recently weather has been more favorable
and quality has been somewhat improved.
Some correspondents report a short staple
The crop H. everywhere late and the irust'
threaten early the destruction of the plants,
vet killing frusts are still in the future and
the length of the season therefore uncertain,
The average Of reported condition Is $50, a
decline of S3 In September. Louisiana and
South Carolina show the greatest reduction,
and Texas. Florida aud North Carolina the
least. Tho state estimates are us follows
Virginia M. North Carolina ~, South Caro-.
lima -, Georgia 10 Florida ~, Alabama ~
Mississippi 81, Louisiana 90 Texas 10,
Arkansas 81, Tennessee o. The caterpillar
and boil worm have been present In all cx.
ccpt the northern tier of States aud have
wrought some damage. Paris green aud
London purple have been used Ices effect.
lively than usual the heavy rains washing ol
The poisonous powders.
The Manchester Gp1rii1H, ~ the 10th In
H. commercial article, say. "Thc market Is
liiclcss Small lots Tor early delivery bring
previous prices Little l. doing In important
forward cUutruct, Producers ~ India fab.
rics invite merchants 30 make offers NJ the
firm prices ior Calcutta, IN the hope ct bring
ing bnsinc,s for Luokhclay but merchants
do not appear sanguinc OF doing much In
view Ut the iirmncSs here. The demand fur
Bombay is checked by the strength hero aud
fears of the M effect, here ~ the drouth In
Kaitiavnr and Guzcnt some exceptional
Haics ~ nnc Ppods Tor India were induced Wy
the inc, TINT thc yarns forming these tahucs
have not risen in proportion with thuao spun
ium American cotton. The China demand
Is poor. although there are "a icW inquiries
for 50 pound shirtlnrs. which lately have
been more ncahic in shanghai than other
kinds. Merchants regard the price, here
~ too high to encourage the be.
ginning Of buying fully for next sea.
sons suppli1s. FIR thc minor foreign
markets business is slow, sales are moderate.
Some house. act cautiously. The produc.
don 81 cloth continues Co bu les, led by the
ttoppags ot suums or che running of mills
on short time hy manufacturers Who lind u
extremely difficult iu got supplies ut yarn.
A smnN business is dome in bundled yutr
Cor export Quotations are beyond thD
reach uf buyers Tor important orlcr. llum
manufactures pay iull prices fur tdniu
lots iur early delivery, bui are rarely tempt
ed To- buy for forward delivery although
good cone osiuus uTu UtI.rUl Cloth De- dull
A small business Was dome he 60. loading dr
paHmcuis fhrU NprF some moderate ale
81 India mulis but thew VS. o. poor drmau,
for shirtinEe aud other India aud chin.
staple Some sellers eald printing cloth
freely ~ previous price, hut 10 3, difficult Cd
realize full yUrut quotations MD,Ilu
Tor China arr yor, steady anl rather d.src
who're seller managed Goo eject as .umo did
Air bu.uus la.t week. lut r.u,nll
heavy goods ruH.u quiet and steady"
Hubbard, Pnyu g. 60. .N Tho markr
We fairly steady 90 about Yesterday prIu..
Atuo'u, when lhy rIHu ui ths ar..ru.
tuul bureau was .HuyI. and tln majority Cd
Operators .U,wIr. Goo r.Hri BE- 1s indication
uwHr hHpalul prospect uw private o.
porte hI previously justified uur
movement H' .... ..f .n. .rI.H. Oboe mHr
N,' Gown a".|. T..u.. I.. |.UH. at H.
close w.. ura.Iu..r
I.t.I. ....H .......