The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-24
DOMESTIC EXCHANGE.

DOMESTIC EXCHANGE.
New York and eastern demand, ~ dis
count buying; sight, 81 discount buying,
par selling. New Orleans Lsc discount
buying, par selling, Cincinnati, ST. Louis
and Louisville, demand ~ buying par
selling
The local cotton market closed steady 10.
day at an advance OF &c; middling 7-l6c.
Sales, 5,iOO bales, II which 1900 were taken
by exporters and $500 by spinners. New
Orleans spots closed firm good mlddling adj
vanced Lice; other grades unchanged. Fut'
ures closed steady October advanced 10
points and remaining months TO points.
Liverpool was quiet, with moderate inquiry
futures firm aud up TO points. Man
chester cloths prices generally In buyers
favor. Yarns dull, holders press sales.
The New York spot market closed firm,
with futures firm October advanced
points. November aud late months 8 to o
points advance.
The Commercial Bulletin discusses the cot
ton crop situation as follows THE recent
upward turn on value of certificates Is very
closely la accord with limitations previously
given In This column. but has pretty nearly
attained the limit calculated upon, aud OPP
orators are now little pcrplcXod as Ia what
may come next So Gar ~ supply prospects
arr concerned, we nio impressed with the
idea that not one In ten Of the trade enter
iains belief that other than most unusual
and heavy frost can now do any serious dam
ngc, aud nothing but wet weather injury
has now to be considered Correspondence
Is gradually Strengthening out that matter,
and docs not seem Ia show ~ bad ~ wa, al
fSt reported by wire. but thus Tar the inior-
nation + too moagcr for any reliable author
ity 10 venture upon an estimate beyond
vague intimation that there will be Ut least
~ much ~ last year. Regarding place for
the hrst of tho crop however. every
thing retains a promising look. except the
facilities for getting cotton Ia the point
nj which II Il wanted. English spinncrs arr
Tcsuming full time and said a. be- short of
both yarns and cotton, with good DISPOSE
ton % get the latter ns promptly ~ possible
la order 10 provide the former. but are con-
froniod By the old trouble in the matter Of |
SANITY freight room. With n great deal Of un.
certainty ~ 10 when relief may be expected. |
This brings out another matter for consider.
Ition. rs 10 what effect the piling up OF cot.
on awaiting transportation Is likely 10 have
ipon our home markets, aud with many Of
he trade Is thought to be feature rcquir.
ing careful watching. From the south no |
irish news Of much Importance came 10
hand, except In reference 10 ircighis. At
New Orleans all the known available ocean
accommodation Il taken M, aud exporters
are alsp said 20 have secured every foot Of
fnIght room they could get hold
n Tor this port until December !, with the
mention of bringing cotton here for ship
ncnt o. the only point at which they en- |
obtain transportation across the water
Hubbard. Price a Co. say. 'our market |
responded Co tho list and advanced Con
hrmness was displayed through
ont the day, the closing figures being 2 Ia ,
points batter. During the early hours the
market Na- stimulated 10y n prominent op'r
aior In his efforts 10 transfer large line Of
November contracts ~ more distant pod.
tions. but this accomplished. prices again
became cnsy For European account there
Was some heavy buying