The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-19
clnnrlnr.hnnso rennrl rs ns follnwM
DOMESTIC rNcnANGE.

NOIINsponullS UNIV io9Nss "''i''''Ai 'NNi'~''''
DOMESTIC EXCHANGE.
New York and eastern demand par buy
ing, $50 per 81, 600 premium selling New
Orleans, 50 discount buying, par selling.
Cincinnati. ST. Louis and Louisville demand,
par buying. 81 per 81, 600 premium selling.
The local cotton market remains quiet
Sales today, $40 bales Of which the exporters
took l75 and spinncrs the remainder
New Orleans spots closed steady at a de-
cline OF i-l6 10 &c. Futures closed steady,
September declining points; October 7, aud
the remaining months points. Liverpool
was quoted business moderate, unchanged
prices. Manchester yarns and cloths are
quiet with moderate inquiry. The New
York spot market closed steady nj an al
vance OF l.lGc on all grades. Futures are
dull but steady; September declined points
and the remaining months o 10 points,
Hubbard, Price a Co. says CONTRARY 10
the hope entertained yesterday that Liver.
pool would come TO the support Of prices
here, tina, market was reported partially
point lower, aud n considerable falling of
was noticeable in our opening figures
Transactions during the day have been light
but the tendency toward lower prices was
partially checked by an order to buy 1880
January at 20 and the closing figures
showed no very apprcciable change from the
opening"
The Commercial BuHsiin d scusscs the cot
ton situation ns follows with n crop Of
over 1000 600 bales behind them, and show
ing an excess Of nearly thrcc-qunricrs Of n
million over some of the lowest estimates Of
last year operators are a little careful how
they commit themselves regarding the cur
rent growth. During the summer months
there whs an inclination, among a goodly
number Of the trndo To accept the splendid
conditions Of the plant then prevailing ns
indicative Of the largest yield ever known
but the excessive wet weather since reported
In some sections has modified views o. 10 the
extent ~ the coming crop aud introduced "a
feeling Of prfplcNity, as no one who has had
any experience IN such matters would ven
turc upon prediction Of the growth Of this
year al the present juncturc. Some few of
the trade do think that reports of damage
were over estimated, aud this furnishes
portion Of the Offering for the late
months There iS however no reason
TO DOUBT that the new crop VIII De
late, indeed is already much behind
time, with adyiccs from the south confirming
the suggestion made In our Last regarding
the heavy condition Of arrivals through
dampncss and the shrinkago that must follow
drying out with the consequent favorable
reflections upon old cotton. Indeed, the lat
ter has become good property even In the
eyes Of those who feared u q short timc ago
anl Il must have support, II i believed, for
some weeks 10 come. The taking Of cotton
a. IL came within reach ON notices il an indi.
cation II how matters are working, aud In
this connection We learn that some 1900
bales have already taken the somewhat ~.
markabc route Of New York to Norfolk aud
thence To Liverpool This peculiar method
OF shipment however, " explained ON the
dual fact that the compress business has
been frozen cut ut this port, and shippers
found that by sending To Norfolk they could
obtain thc necessary accommodation In that
line aud also secure the desired freight nc.
eommodHiion In ocean tonnage