The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-27
DOMESTIC ExCnANGR.

lOhINIlN hANhANbN.
New York and eastern demand, &c dis
count buying, 20 premium selling New
Orleans &c discount buying par selling.
Cincinnati, St. Louis and Louisville de-
mand par buying, 81 per $1,000 premium
selling
In the local market cotton is quoted
steady. Sales today, $50 bales, of which $50
10 exporters and 200 TO spinners New Or
leans is firm at an advance Of l-lGc, with
futures easy az a decline Of points for Sep
TENDER and an advance for remaining
months Of 10 points. At Liverpool bust.
ness was moderate at full prices, with
futures steady. September advanced .
points and remaining months to points.
The New York market is steady declined
Lice today, with futures of to points.
Hubbard, Price & Co., say "An advance
on Liverpool, as shown by this mornings
cables, Of from 2 to points, was not fully
responded to here, and n decline In the vol.
ume Of receipts appeared insufficient 10
maintain the advance in prices, the closing
figures being slightly lower than the open.
ing. Southern adyicos state that the quality
OF cotton now coming forward shows some
improvement. Accounting for the lack Of
firmnoss which the market has displayed. IL
is well to note that the short interest exist.
ing in September and October is being care.
fully guarded, and any movement prcju-
dicial to II is being checked rs promptly as
possible"
NELL Brothers, ~ London, In their crop
resume Of lss7-ss make the total yield
7OisOOo bales As TO the present crop Of
iSss.sl, they say: "rhe chances are still
largely In favor Of a large crop aud as prices
are just now controlled by deficiency in
the visible supply and the scarcity Of ready
cotton In all American markets II appears %
us advisable for spinners 10 fall back on their
stocks d'fcrring new crop purchases a. far
their necessities will allow, ill all the weight
OF receipts il felt ON the American markets
and holders become eager sellers. That time
always comes round sooner or latcr In the
autumn months, and IL would certainly be
impolitc for spinncrs To help planters to
establish the present high prices rs a basis
for the new season, where by patience for |
few weeks a materially lower level may be
established"
The Manchester Guardian Of the 10th, In
Its commercial article, says. Lancashire
seems likely W have much moro play time
In the next two months than will be every.
whore acceptable. The short time agree.
mcnt made among the spinncrs Of American
cotton has been steadily effected. Looms
are stopping, and the time IL being short. |
cncd daily. This curtailmcnt Of the produc. |
ton, enforced by the scarcity Of cotton, will |
doubtless have a wholesome and nccdful In. |
1ucnce on distributing markets, which have |
seen freely supplied for the past year. Buy.
"a appear 20 be temporarily unmoyed by |
,he conscientious affecting tho future. and
sellers are unable 20 raise prices though the
lcs~ening 81 the supply will eventually &c.
complish that. Some persons think that n
concerted movement among manufacturers,
similar 10 that adopted Wy the spinncrs,
would hasten a bct,crmcnt Of prices. The
talcs yesterday were exceedingly light Sell.
e- Of export yarns report a scanty inquiry.
They frequently advance quotations point,
and are everywhere firm. Cloth was inac.
tive. Indih merchants have few practicable
orders. The China inquiry was poor For
the smaller foreign market few orders were
given at Fridays prices and occasionally at
slight advance. Home houses are buying
IN small quantities, and arr unwilling 10 pay
The slightest advance"