The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-13
DOMESTIC EXCHANGE.


New York and eastern demand, par buy.
inc 81 per $1,000, premium selling New
Orleans, 50 discount buying 81 premium
selling. Cincinnati, st. Louis and LOUIS
willie, demand par buying 800 per Slooo
premium selling.
The bank clcarings thus far this week
show falling off rs compared with the
clearincs for the same time last week. In
local securities nothing is doing.
The local cotton market closed steady and
unchanged. Sales 20 bales all TO spinncrs,
New Orleans closed quiet and firm, with
futures duir; aud steady at a decline OF to
2 points. Liverpool closed quiet without
quoiablc change In prices. Futures un-
changed The New York spot markc closed
dull with futures oil 2 points In the old
crop months aud of in the new, closing
steady.
According 10 the Commercial Bulletin OF
latest date received, mo one Is surprised
over q frmcr tone to the certificate market
but the strengthening is greater and the
business fuller than hoped for all along the
line. To commence with, Europe sent
over assisting cable adyiccs, and this being
followed up by a report from the agricultural
bureau making the conditions for the month
Of June much worse than even the bulls had
calculated upon. created a universal desire
60 cover, the alarm extending Ia some OF the
LANCER houses representing the short side and
who were evidently working on European
orders For awhile the offering continued
moderate and this naturally increased the
nervousness, with final result shown In
getting an advance on the old crop Of l0gl2
points, with August touching 1870. At
that price. however, they suddenly com
nicnccd To grow pretty large, including an
, Offering from some Of the larger longs who
seemed 90 have rcnohcda realizing level, aud
this caused something II set back with the
close rather ragged and looking a little
tired. On the new crop the gain
was some sac points, and from this also
there was a moderate reaction, with an i'm
preston prevailing that on the late options
matters had possibly spent their force,
though many insist that Il there is any justi-
fca,ion In the ruling rate on August, Sep
TENDER j. certainly too low. On the whole
there Is no doubt thc bulls have drawn the
greatest comforts from the results OF the day
and some Of them are doing a great deal Of
missionary work n the effort 90 obtain
FORMULATION - buoyant suggestions, based
IN past upon what they call the compla-
tive chchpnsss ~ cotton. and, Of course,
making 40 the use possible Of the low aver
aee conditions reported by the bureau, cs-
pccially from The State ot Texas. There was,
however. no evidence oi enthusiasm 10 pur-
ehaze on he theory Of sti further al
vance. and 10 remains to be seen whether the
huvinr will cease on tho exhaustion u the
covering demand. especially as large por-
ton of ihe trade arr unwilling 90 rin their
faith ~ the Official report In the face d
the excellent private adyIces % the past two
weeks Spots have remained In simply
fairly active condition with the strength ot
the market Increased and quotations marked
NJ an additional i-ioc pcr pound, and some
Of the best lots held still higher"
A meeting oi the Memphis Cotton en-.
change will be- held AZ noon today 10 con.
slider the resolutions 81 the New York joint
committee Of railroads with reference 90 O
proposed clause TO be inserted In bills oil
ine. but which IL regarded ~ most objection
able by cotton shippers, both foreign an'
domestic.
tNrours.
Ten pkes butter, S3s rolls barfinr Is pkg
bacon. ~ pkgs boots aud shoes carv com
~ pkgs cheese. car lime, 1850 bdl' cottoI
ties. ~ pkg dry goods ~ pkrs cggs, ~
tfls -four "a bal,s hay. - head sheep =
head cattle. ~ bead horses and mules. .
pkgs larl =. Cpt. 90 feet aud lear lumber
! pkrs liquor can pork sides 20 hid
sugar, 25 pkg tobacco.
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