The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-18

ClcnmncCs bNAnot>,
Monday, September l7..- Sl336oi6 ~. ",
Same time last week." l.lYi"iG ,,tEt,l
Corresponding time, lh0t. s,ANN.a ~ ~ AZ
Correspondents Time lsso.- lo''o'V'''
DOMESTIC EXCHANGE.
New York and eastern demand, par BUY
ing. $3.50 per $1,000 premium selling Ne"
Orleans 81 discount buying par selling
Cincinnati st. Louis and Louisville demand,
par buying, 81 per $1,000 premium selling
The tone Of the local cotton market con.
,inucs quiet Sales today $50 bales, oil
which 100 TO exporters and The rest TO spin
nors.
New Orleans spots closed firm and futures
steady. September oil ? points, October J.
with latsr months advanced points. Liver
pool closed duh, without quotablc change,
futures up l point and quiet Sales last
week not previously reported, II, li0 for OK
port and 2, $50 for spinning.
The Commercial Bulletin OF lntet date dis
cusses cotton as follows, Indeed faith IN
old cotton seems 20 be- growing, for even al
lowing for the probable average OF undcsir'
able quality, there seems TO DO margin
enough between September and spot values
TO warrant taking up the supply aud risang
chances Of finding enough available OF use.
ful character to bring u profitable margin,
especially TO those who eau handle very con
siderable quantity, to say nothing OF the
backwardncss OF the movement from plania'
tons aud the probability that the new stock
will be so damp as to be subject TO much
greater shrinkagc than the old supply.
Furthcrmorcit is In many cases expected
that the exchange will permit the extension
OF September expiring certificates for an
other year without rchandling, and this, "
realized, cannot help having an important
bearing upon this month aud next at least
The foreign situation also retains evidences
Of an undorcurrcnt Of strength before ~
fcrrcd to, and Europe no doubt really
wants cotton, all of which, In conjunction
with nn expectation that n reunion Of thi
situation for the week will 10 Of a bullisl
character. has made buying for early Dolly
cries much more popular than selling tn,
run OF adyiccs from the south nll Cpnccdc q
late movement, but are less general Ia the
matter 1T complaint over weather conditions,
and tai, induces little more selling Of late
engagements say from January forward
Hubbard IrItc " 20. wy Inc ilN'I.
pool market showed an advance this morn.
ing Of partially one point, Prices opened
from 10 points up The market on the
whole lacked viror today, but though prices
had rcccdcd a tribe from the opening figures
the close was quoted steady Reason for the
better showing Ia the early part Of the day
was found In the reports oi damage In the
south. As the day wore ON, however, pri.
waite di,pa,ches from the south Indicated
that the reports were exaggerated. An
easier feeling began TO gain ground, account.
ing for the slight decline noted ni thc close
our own dispatches arr u a varied chamc
ter bat apart from ACKNOWLEDGED irrctricy-
able loss in South Carolina Il seems 10 be-
conceded that favorable weather from now
on will 90 far toward fulfilling the earlier
expectations The movement reported 10.
day 2oOoO bales, Is very fair under the cir.
cumsianccs, aud the inference Is that, rail.
rad communication once fully restored
cotton will come forward In considerable,
Abundance