The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-25
learing-houso report Is rs follows:


DOMESTIC EXCHANGE.
New York and eastern demand, par buy
ing, g. per $1,000, premium selling. New
Orleans, g. discount buying, 81 premium
selling Cincinnati, St. Louis and Louis.
vile, demand par buying, Si.5O per 900
premium selling
The local cotton market closed steady and
without sales today. There is quite de
mand for the higher grades Of cotton, but
such are not in the market. The stock of
some 6,OOO bales is almost entirely composed
of low grade cotton.
Al New Orleans spots are steady with or.
binary, good ordinary and low mddlung ad
yanccd &c, other grades unchanged. Futures
closed quiet, July of points, August 3
points and the remaining months from 3 to
spoints.
Liverpool is quiet without quo,ablc change
In prices. Futures declined l TO 2points,
closing quiet and steady.
Dull aud easy was the tone of the New
York spot market, with futures closing cngy
AT decline OF points Tor July, 3 for Au.
gust aud to for the remaining months.
Hubbard, Price & co. say Tho market
has failed 10 realize any sanguine anticipa-
tions tina may have been entertained hy the
bulls, and the situation today proved weak
and stupid, with only temporary check ON
the filling Of a few buying orders, the tend.
ency has been weak throughout, closing at
about the lowest point aud seven
points below yesterday, support ON the
part Of the August clique seemed To he
withdrawn for the time being, while the new
crop adyiccs being Of the most cheerful
character from all leading localities led 10
considerable selling AT fall and winter
months"
Mondays Commercial Batciia discusses the
cotton market ~ follows "Whilc a great
MY operators have relieved themselves Of
further anxiety 10y winding up engagements
and pulling out during the past week. the
pcrplcNitics ~ the situation remain nearly
~ great as ever The manner IN which the
covering was forced aud thc extensive elimi- |
nation Of short cotton, Is accepted by some |
Of the trade A. conclusive evidence that the |
August deal IL being worked for it, full |
value before notice day, and may DO consid. |
cred ~ practically over yet others contend
That Il j. the unexpected most likely 10 hap.
pen, and believe there is yet a chance for a
twist. II IL fact, that a number Of shorts
IRE holding On with the hope that they are
Just the ones who are to obtain the benefit
Of the drop when the longs con.
eludc there Is nothing moro worth fight. |
ing Tor and let 81 their grip, aud there Is |
a possibility that such may be- winning |
game, but Others seem 10 think that not only |
may there be too many already waiting Tor
such an event, but the policy Of the bulls
will now be- 10 tompofizc until they can in
ducc M additional short line, and then with
the available supply 81 cotton under control, |
put on the screws for another big twist
This will compel taking tenders On notice.
and retaining ownership ON n great deal Of |
undesirable cotton, yet those who arr en-.
rinccrng affairs are not without experience |
and may nnd the supply useful In working
September, which II not considered an alto.
gcthcr safe month Tor shorts" There !,
also report that from the cliquc's hands
shipments a. Europe have already com.
mcnccd, aud this Is used Ia balance the to.
port Of stock coming here irom the south Tor
delivery on contract