The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-18


Money is in active demand owing to the
movement Of the cotton crop, which ere long
will produce an easier feeling in unaN'loi
circles. d scount rates $ per cent
ClnuurgS lau.'s.
"Wednesday October lis 4d92E 90 sNa.l =.
Thus lar this week. ..u,..," ,inhu. ~ ,..sn IA
same time last week. l'l"', ~ og.5a., ~
Correspoudiul time. Issl- l2''ld 81 ".n
Corresponding time, lN.'- ll'N'N - ~'"''' 90
DOMESTIC ENenNGE
Now York and eastern demand, S2discount
buvipg SIGHT 50 discount buying par sell
inc New Orleans, ilc discount buying par
selling. Cincinnati, ST. Louis AMI LOUIS
vile. demand s. buying par selling
The local cotton market closed firm today.
Quotations unchanged. Sales, $500 bales OF
which 1850 bale, 20 exporters and ll'O to
SINNERS Cotton is now being shipped cast
ward over q new line for Memphis the Ten
r....r Midland route via jackson aud Hi
uufs Central 90 Cairo, etc.
New Orleans spots clorcl firm, with tut
ur,- steady. October advanced . points and
later months 3 points. Liverpool spots ON
larg, business Ut advanced prices futures
steady and up ! to points. New York
closed steady and of i-l6c ON all grades Tut
urcs closed quiet and steady, October up 1
points: November December January Feb
ruary advanced I point, with late months
unchanged.
Hubbard, Price & Co, say. Tho market
opened at am advance Of from one 20 three
points. The cxtr,mc du.lngss prevailing.
added by the later ncws from Liverpool That
the improvement there had been partially
lost. was the chief factor Iu the depression
Of prices here. and the close, though quoted
qu.ct aud steady. showed depreciation oI
one or two points from the opening iu
Llcrpoo. ", hear that the speculaiDr lr.
lons ou October while importers are short
oft Thi. it bc attribute 90 thr greater
Of that position us compared with the latter
ones Frairhts are still C lrcc, there being
but thrty.scycu vessels loading cotton
against uiucty-ouc last year, but ipj lr NOW
pointing toward our ports
The Commercial plfnI 0f latest d1lc d..
cus-os the cotton market os follows "Inl
fact b.. al hands seem To- be a little per
pIcXcd az thy moment awaiting fresh in
SEPARATION oi sDmc kind. with an idea thai
frost will prove the feature 60 break Go,
uunutpuy. Should there come freeze
hi, week % would Dec accepted ~ % sumu
latiug factor but some OF the trade com
m,ncy o. ur.uy that unless frost appears iu
very rcupulau sever" form within short
time the effect upon the bulk ut tho crop
viii hr unmpor'lnt So far ns the supply
ALREADY picked is concerned there Wa, also
slight conflict OF testimony today few
suggesting that the pressure was not
~ severe, and planters had made
about aIl the cuuO, .iou, they thought
justified foe the present hut the
majority stiiI rather inclined 10 hold tu the
idea that there was great deal IT cotton
banked up iu the interior awaiting uu oul.
let and Hurc ca come ont ~ sppn Us opP1rtu.
nifty offered Regarding the disposition VI
the supply the q, (, stunts from abroad would
ind,cpie pretty puod chance ~ p,acc a con.
siderable portion. anil Indeed, quito q mum
Der uf promising inquiries from abroad up
reported iuday bat the old difficulty ahou
obtaining transportation still remain, and
demand cannot readily be- met Altogether
q b. O. confusing condition u Affairs Wher
y . side Of the argument SEEMS To hnd d
D balance and business !. Ia consequence
cautious and limited"
Tho Manchester Guardian, In g. CONNER.
rial article Of ihr 18th says NO material
Irurrys V evident Some frw prp'urvr
male better progress than lately. but other
report GREATER diNculjy Ia selling Alto
Ecthcr. therefore. business j. quite a. du
toumsing Hs last week. M Gar as actual tmt
tactions are concerned. Little was dome T.
india or China The sales ior Luckhccia
in Calcutta j. estimated Of 1sOg1 pactar,
sgaiust Aoupo IN ISL. Tho busIut, W
chiefly In early delivery goods. and the
scr sold mostly 10 those importers WI
bad previous contracts g. hll Natl,
Indian doalcr largely avoided entering int
contracts Tor forward delivery This vi
mainly due 10 the higher prices asked on
al.o 10 ihc iull supplies on hand. The
was little inquiry COT China aud japan. ~
minor foreign markets have taken smn
quaniiiios. Home houses. though NOV Al
posed 20 opCfnic. have not begun b. purJha
more freely some orders 81 no great impoi
anrc altogether, were given Tor export var
Cor India and the continent hut general
che inDign demand was sluggish. lIor
manufacturers cunhnc their purchase,
supplying their actual immediate needs,
elnriuF that prices are beyond their rcsc
Reports from iho cloth departments gcnur
lynr un'ayumblc Manufacturers arc rfr
" disailsh,l with iho prices phtaiuahle nj
even with thrss there is little prurp.
t'mc decline a. take orders ipf forward ,
livery except nt hiFh,r price. Tho proil
uou q many kinds Il cloth has boon sen
bly, reduced but distributing markets 4,
bornly resist all efforts to establish hirI
rates. Most kiuds u ltda ani Cbinn
plcs arr very firm. some urr SLIGHTLY ha
ening, but producers effect Few irrsh q,
and have 10 content themselves with The
e-ulion q previous Orders. Printing
other finishing cloths are Gun. with ga
talcs Heavy ruu.ls arr quiet With 81
demand, chiefly iursmall quantiiics."
Rand. aud stac.s
The following list Will be- corrected be-
weekly
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