The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-17
EXCHANGE.

EXCHANGE.
New York and cities north and cast on
demand, kdiscount buying, = premium sell
Ing. New YORK. aud principal cities north and
EAST, three days grace Z discount buying
New orleans, - discount bGying, 81 prem
ium selling.
The local cotton market closed firm to-
day at an advance Of l-iGc, with sales of
1900 bales. New Orleans spots closed steady
ut an advance OF Lice, aud with futures firm
and advanced x too points. Liverpool was
quoted business good nj unchanged prices
with futures quiet ut an advance of I to .
points. New York spots closed firm, and, rs
20 the future market G. l.. Greene e Co.
say; There was an irregular market, but
on the whole considerable strength aud cost
.angcd higher throughout. After gaining
il@i3 points cost weakened n trihc, but
again recovered, AMI closed at the highest OF
the day, firm"
II was posted on the Cotton exchange
blackboard that $50 bales were deducted
from the port receipts 80 as1o agree with the
Co,fon Worlds figures OF latest date. The
cotton movements, according 10 the llorld
show ana Increase Ia the total overland com.
pared with the four months from September
~ December, inclusive, last year, Of III ,js9.
end in the net receipts to mills 81 49, l25
bales, while the difference In the amount
IN transit overland 20 eastern ports Il
only POI bales. The average weekly taking,
from the ports aud overland have been GJ,
eoS bales, against ~, 3S3 In lSs0and 81, 100 In
1885. Assuming that the northern spinncrs
consumed 10000 more than the iakings oi
last year, would make their weekly average
consumption ~, 500 bales. At the same rate
this season there should be- left surplus, DE
cembcr ~, Of 5s2, ia bales as against lSO
ESQ in 1880. Il would appear that the sur
plus stock held by northern mills at tho
close Of December wcrc slightly morc than
10000 bales larger than at the same time last
year, though u is morn than probable that
with the increased activity OF the present
season an exact statement ~ facts would
show smaller excess than indicated IN III,
figure, but no allowance is made for th'
proportio Of the estimate ~ ibWO ant
10000 held by southern mills. The amoun
Of crop In sight on the Slst of Dcccmbe
was 500 l1s halcs IN excess ol last ycarand sos.
go over the year before. In this Is allowet
southern mills TO have taken si7 O0O for The
four months Of the currnt year, ar say equiv
client to thirty weeks OF their average TAX
inFs nom the interior for all last scason, this
moderate estimate would leave Ia the hand
Of southern mills say $4,000 bales lees tn
probable increase ui consumption due ,o N
more active -,nson und tho output of nc'
tpindlcs sci IN motion after this period In
year and during the current season.
According Ia the New York Commeroic
Balieiii, the leading articles u the grocer
trade are steadily held and sparingly Offered
but coffee remains a. the exception when u,
speculative line il rcarhcd, ~ Brazil slil
appear. inclined Ia unload, aud the effect
more or les depressing. Sweets general
hold firm position.
The local market remains steady will
poultry and fnmc higher. owing Ia the GOV
spell and the scarcity In the market