The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-25
DOMESTIC EXCHANGE.

DOMESTIC EXCHANGE.
New York and eastern demand, 81 dis
count buying, sight 50 discount buying,
par selling. New orleans, &c discount
buying, par selling. Cincinnati, st. Louis
and, Louisville, demand 81 buying, par
selling.
There was a fair local cotton movement
to-day, the receipts being $50 bales; sales
I.45O bales OF which 200 10 exporters and
$50 10 spinncrs. At New orleans spots
closed steady and futures steady, October
declining points and later months 3 10
points Liverpool closed steady, demand
fair; middling Uplands and Orleans declined
l-iOd; futures easy and Off to 3 points. The
New York spot market is firm at i-l6c ad-
vance with futures steady at decline Of 2
points.
Hubbard, Price & Co. say "Thc market
opened at slight decline, but upon the
news Of killing frost ia III paso, Texas, ap.
pearing on the government map prices soon
rallied, and ~ this official report was con
firmed by dispatches from various parts OF
Texas, noting white frost In some instances
and killing frost in Others, the market adj
vanccd TO last nights prices but the tone
nj the close was quictcr and the market had
lost during the day from TO points The
receipts south are running light TO the sea
board, as cotton continues TO come overland
10 New York seeking freight room.
The Manchester Guardian Of the 2ith, IN
iiscommcUial article, says "The inactivity
does not seem 10 be nearing an end. The
market Is slow and lilclcss. The ordinary
business only reached the average Of Tues
day. For most directions, especially for the
east the business was quite immaterial
Buyers pay current rates readily for mcl
small quantities as are actually required
but they generally hold OF for concessions
where they have orders of fair magnitude
In the cloth department the concessions de
man dcd are not practicable In view of the
improbable margin between the prices Of
goods and yarns spinncr are mostly In a
somewhat better position In this respect, aud
would be- glad 10 accept contracts extending
some time forward at Tuesdays prices for
yarns Such contracts, however, they find
II impossible to obtain. The export demand
Is extremely poor Home manufacturers
are not willing TO buy ahead. Yarn buyers
are disposed 10 rcglrl the present quota.
tions as insecure. Pun time has been
resumed la the sp ming department
but there has been no increase In the
number Of looms working. one cause Of
the recent scarcity Of crop yarns was the cx.
ira demand for bundles for export, which
began last year The demand ceased several
weeks ago, and u no, likely 10 revive. Thcrc
u therefore disposition ~ anticipate fuller
supplies 81 yarn Tor home consumption, an,
somewhat lower prices On the other hand
the lcsscncd production u cloth. which has
not yet had time 10 Influence the disiribut.
ing markets, Is regarded %, likely 10 lead to
n frccr inquiry Tor goods later Yarns are
extremely quiet. Few sales u Importance
have been made In any department tx
porics have made few inquiries but have
done little. There Is little inquiry for India
and China staples. The calcutta rcopcncd
Monday after thr holidays There D. no im
pru,cmcut in thr demand inr other dirc
lions Cloth u only moderately active. Ih'
sales of printing aud other finishing COOL.
nrc small Heavy ruudH nrc slow. Them d
. iun demand iuf miscellaneous goods"