The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-03
DOMESTIC EXCHANGE

DOMESTIC EXCHANGE.
New York and eastern demand, par buy
ing, 81 per $1,000, premium selling. New
Orleans, 81 discount buying, 81 premium
selling. Cincinnati ST. Louis and Louis
vile, demand par buying $3.50 per 81 900
premium selling,
A few changes were made in the stock list
at the call board session today, but bids and
offerings remained far apart, 50 no trans
actions took place.
The clearing house report for the week
shows an increase in clearings of Sl5i, 337. 20
over the clearings of last week, but 1928, 10 40
less than the clearings for the corresponding
time last year.
After some consideration the local bank
officials at a meeting held yesterdy, declined
TO loan State Treasurer Thomas 5000 900 for
use in paying off the July interest of the
State debt, and for the reason that the funds
are needed for local business, there being q
brisk demand for money by our merchants,
and Others engaged in developing the trade,
commerce and prosperity Of the city.
In the local cotton market spots closed
easy and unchanged. Sales $50 bales all to
spinners. At New Orleans spots closed
steady, middling and good midiling declin-
ing Lice; futures declined / to 2 points, clos
ing quiet.
Liverpool was quiet, with a very small
business Futures easy and of TO ? points.
New York spots closed quiet with futures
dull at a decline of to 2points.
Hubbard, Price 4 Co. say; at has been a
stupid and uneventful day, and entirely
without feature OF significance, except 20 re-
veal the general absence OF interest in the
situation at the moment The short inter
ests seemed to be pretty vel covered, and
the long element seeks in vain for something
tina; will give them a lift, but neither foreign
or domestic adyiccs are propitous, and mat
tiers simply drag along awaiting develop
ments. Our prices for certificates show
loss of 2 points since yesterday"
A charter was filed with the county regis
ter today styled Buyers and Factors Press
of Memphis" the object being to erect cot.
ton sheds and congresses, connecting lines
OF rail, etc. The capital stock, IL Is statad,
will be $4,000 paid up, $4,000 OF which
has already been taken. The incorporators
are Thos. II. Allen, A. d. Gwynnc, T.. II.
Carroll, J. T. Fargason, Benjamin Babb,
VIM. u. Biercc, Oh. +. Farnsworih, W. X.
James and VIM Frolich.
According to the New York Commercial
Bulletin, the current cotton crop movement
holds close enough 10 estimate 10 carry little
new effect, and as a rule new crop conditions
seem b. be much the same as for some time
past. though reports from South Carolina
suggest too much min and heavy condition
{. Of ground, uniayorablo TO the development
o. .nc plant.
The Manchester Guardian Of recent date
SAYS "Thc American crop looks larger and
larger each week, and Il seems singular that
at such time bulls" and siatists should ap-
pear 10 become each week more certain that
there will not be enough cotton To go around.
The matter resolves itself mainly into what
the actual consumption Is but the market
and the trade find II hard 10 believe that
with a crop which Mossr NcIll think will
reach 10000, and which In almost any
probable event will exceed the previous
crop by about 400, 600 bales, there can be any
scarcity Of cotton for the spindlcs. Spinner
will know how far Il Is possible for the spin
dies Of the world TO use up this great excess
ever last crop. The problem would rather
seem 90 he how they are going 10 use II mp
instead Of how much more they will want
tNroRra
Six hundred and ninety SKIS bran, ~ pkgs
butter, l0s pkgs bacon, SO pkgs boots and
shoes. 500 bu corn. % pkgs cheese. 30 SKIS
coffee, 800 brls lime, rs brls cement scas
eoiton seed, 10 pkgs dry goods, 4s pkr
eggs, 400 brls -four, 300 bales hay. lOi pkp
hats. ~ head cattle. 90 pkg lard, 1900
feet lumber. 30 pkgs liquors, 80 brls meal,
~ brls molasses, 800 kegs nails, 1900 bu oats,
i75 hrls onions Z cans pork sides % pkgs
rice, 40 brls sugar, 30 pkgs tobacco.
Hands and sfoeia