The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-22
he clcarlng.houso report is " follows
nnMrsrIC rNCMANdr.


DOMESTIC TXCHANoE.
New York and eastern demand, par buy
ing, s. so per 81, 900, premium selling New
Orleans - discount buying, par selling.
Cincinnati, ST. Louis and Louisville, de-
mand par buying, 81 per $1,000 premium
selling.
The local cotton market closed quiet at a
decline Of lice on all grades. Sales, 200
bales equally divided between exporters
and spiuners Sales for the past week, l,i5O
bales, of which $50 10 exporters aud go TO
spnncrs.
New Orleans spots closed easy and Off l-lGc
on all grades futures steady September up
3 points, with remaining months oil point
Liverpool Is quiet without quotnblc change
In prices: futures weak, September of .
points, aud later months OIL 60 3 points.
Manchester cloths aud yarns dull; little
doing. The New York market closed quiet
with futures steady September of points,
AMI remaining months oil point
Hubbard, Price & Co. say: Liverpool
came partially point down this morning
but later in the day in consequence Of the
sloppagc ~ Manchester mills, u drop Of 4
points occurred in spot Liverpool, and the
later months showed relative depreciation.
These features we're not without depressing
influence here, and prices have lost from
last nights closing about point Added Ia
the uniavomble nows from abroad, came
rumors Of the spread Of the yellow fever In
the south and the reports that Jackson,
Miss, aud Decatur, Ala, are now under
quarantine, The feeling here Is anything but
favorable"
A dispatch from London states that "thc
executive " the Cotton Spinncrs' associa-
tion met at Manchester yesterday and unnni.
mously adopted the proposition TO run the
mills on short time IN order to defeat the
speculative ring
A dispatch from Fall River. Mass, says
"the W,aycrs at the stafford mill struck yes
tcrlay nt noon. An the looms are idle"
The Commercial Bulls'p, Of recent date,
has the following Attic Cotton exchange,
The discussion 81 ha1,ing substitution con.
tinucs IN iull force. and request ha, been
cent 10 Mr.. A. J. M,Gohoe II jackson,
Tenn who. II will be remembered, recently
recommended the use Of specially prepared
vim cloth in place OF jutc bas;us a. coy.
ohng Tor cotton bales, 10 send In q sample "
the cloth be- question for the purpose u a
test 90 boz applied hy tin New York trade
The Lane mills cotton hasring, n, described
IN full Ia recent issue Of the Buil,tit, IA
still undergoing cnrctul investigation, which
will probably result In some official action
nt the next board meeting, although nothing
positive. either IN the way Of adoption or ~.
lection. will be- determined upon by the local
trade prior a. the arrival 81 adyic,s from the
forcign markets of Liverpool aud Bremen.
In reference 10 the Lane samples now being
displayed ON Change the following letter
has Just been received by supt Powers,
from the New Orleans Item company per
their New York representative, Mir. y. II.
I,Ny
Col rowcr superintendent, Of the New Nois Col,
tuu Exchange
DEER sir=rho emergency which has been
forced upon ihc southern cotton planters hy
tltU CNartiuns ut the Tagging trust has ncCrs.
STATED the Invention of substitute iot lutte
harHnr specimens ui which have had the
honor 90 submit Now that the under
writers have decided to insure bales covered
with cotton cloth the only existing ohicc
ton % tho usU Vt the new envelope has been
removed.
y ne NfM fNilIhN NAH.lllN llNH Niihihil tNftN
tcst a. which iuic has been subjected In.
cludinr compression aud the use of hooks
and j. not found wanting Tho material.
being made ~ the very cummuucst cotton.
can he sold NJ q price lower than the orli.
nnry cost ~ juts hnuinF
Tho manufacture ~ these goods opens
new and enlarged scope Of usefulness 10 our
cotton mills north and south besides Great
Ing another factor In computing the con.
sumption OF the staple
Hoping that Il viii iulhll the expectations
Of the cotton merchants Il New York. We
remain your, very RESPECTFULLY
IHr ltEa CoNrANY.
The local trade are disposed Ia rrgnrl the
new cotton hau,ing as tuo weak In NJ dbrc
hnd construction 90 stand the necessary
rough USAGE Involved IN hook handling
lnt'tr TINS tests, however. vt the merits VI
OIL offered substitutes tot iutc harging will
~ once BE- systematically entered into lust
o. "un w hn expression NJ willingness 10
admit ui a change " cotton bale covering
shall HT received fr,tH sIr...l