The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-28
DOMESTIC EXCHANGE.

Corresponding time lSsI... hsifotlsto lliicsssoes
Corresponding time lSs6.a. b0otsLu 2O5, ieJlo
DOMESTIC EXCHANGE.
New York and eastern demand, par buy
ing So per $1,000, premium selling New
Orleans So discount buying, 81 premium
selling. Cincinnati, ST. Louis and Louis
Vile, demand par buying $50 per $1,000
premium selling.
Dullness prevails in local securities at
present and will probably continue so dur
ing the summer months. The stock call
board has not boon in session for several
days.
The local cotton market closed quiet to-
day, with sales only fifty bales, all TO spin
ners. As New Orleans spots were duh and
easy, futures dropped from II to IS points
closing sieady.a The Liverpool market was
firm. demand fair, with futures steady at n
decline Of to points,
New York closed quiet at decline OF
1-iGc on all grades, with futures steady and
of 10 10 II points.
Hubbard Price & Co. say; 'Today's cotton
market has shown considerable activity, but
values have taken n downward turn and a
large proportion Of the ecentinvestment APP
pears 10 have been sold out again. The ad-
vices from Liverpool were Disappointing and
there seemed TO be an absence Of sufficient
confidence here to hold the position. Open
ing about TO 4 points below last evening,
the market dropped rapidly under the
pressure Of long cotton and the close being
Of the lowest Of the day end about 10 10 ~
points below last evening. The failure Of
the Panama canal loan In Paris today and
the anticipated paralysis Of French finance,
was, aside from the weakness In Liverpool,
the united cause Of the decline, but this
would have been comparatively without ef.
feet here had not the inherent weakness OF
the speculative deal In August become appa-
rent as margins on long cotton were exhaust
ed. July notices were In limited circulation,
but promptly cared for and were without ef'
feet on the market"
The Manchester Guardian Of the 9th In is
commercial article says Few sellers did an
average business aud some report poor pro-
grcss and delay. The monsoon In India Is
checking the demand. A light business was
done for China and the smaller eastern
markets. but altogether the Asiatic demand
was poor. Manufactures for these outlets
will probably curtail the production. The
Burnley printing cloth makers are in sim
liar position. Lack Of water supply Is likely
10 cause some Of the north Lancashire mills
10 temporarily suspend operations Al.
together the prospect for producers Is not
encouraging They adhere, however, 10 pre-
vious quotations. Export yarns are mostly
quiet, but some spinncrs have raised their
quotations for medium and low counts
Lied per pound. Little business has been
effected for China and japan. Some No. 20
mule twist is being purchased fo- Madras
Lancashire manufacturers purchased small
quantities. There have been sales 10
fair extent Of bundled yarn for Glas'
COW. Medium counts Of twist aud wefi
caps opened strong but aftorward spinncrs
worc glad 10 accept Fridays rates. Water
and ring twist warps are firm but quiet
Two-folds are firm. The fresh business Il
small. The cloth departments are mostly
fat sellers rarely have done over .
fair days work. The progress Is not en-
couraging The inquiry for India staples
including shiriingS iaooncts aud dhooties 4
not large, and a very large proportion Z
practicable. China goods are steady, will
small sales. The printing cloth demand !
poor. Manufacturers, especially those pro
duoing common burnley cloths, complain o
the nArrowncss Of margin. Heavy goods mr.
mostly saleable only In moderate quantities
Prices are unchanged"
iNfoRrs
One hundred and iity sks bran, rs pkg
butter. 10 pkgs bacon, 800 pkgs boots an
shoes, 1850 bu torn, 80 brls lime, 40 brl
cement $50 sks cotton seed, ~ pkrs dr.
goods. ~ pkg cg,s, SO brls -four, 80 hale
hay, 10 pkgs hats, ~ head cattle, 10 pix
Lard, 20 600 iect lumber, ~ pkgs LIQUOR,
brls meal I 600 bu oats > cars pork sides,
pkg rice, i76 brls sugar 1874 pkgs Tobacco
90 bu wheat.