The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-24
DOMESTIC EXCHANGE,

DOMESTIC EXCHANGE
Buying-New York and Eastern points
demand, I-l0 discount; Eastern points, sight
is discount Cincinnati st. Louis, Louis
willie and Chicago, lilo discount New Or
leans, y discount
Selling-Ncw York and Eastern points,
$50 premium Cincinnati, st. Louis, Louis
VILE and Chicago, lilo premium; New Or
leans par
The local cotton market today closed
steady, with sales Of 1000 bales; or coo to
exporters and 100 10 Spinncrs New Orleans
spots closed quiet at n decline Of lice, with
futures steady and of 10 q points Liver
erpool closed quiet; moderate inquiry spots
declining l-lGd; futures steady and of To
3 points. The New York market is steady
at decline OF l-lGc, futures steady and of
8 to points Port receipts today were -, D.
703 bales, or 1853 bales in excess Of the re-
coipts for same day lest season.
Hubbard, Price & Co. says "Priccs
promptly responded to Liverpool by drop
of from TO points, aud trading through
out the day has been on q basis Of about the
opening prices, with the tendency at the
close easy at the lowest figures Of the day.
The bearish sentiment has been intensified
by an article published yesterday by the
Charleston Nous and Courier, In which II was
stated that the crop might reach 100000.
There has been some liquidation Of long
cotton held for Southern account, but the
main selling today MS far as We are able Ia
determine, has come from the bcarish clc
ment In the market who have been cncour
aged bya fresh attack upon prices by thc
tremendous volume Of receipts"
The Manchester Guardian, In its review Of
yesterdays market says.
"Thc market was mostly steady although
occasionally sellers who were demanding the
extreme prices ON Friday were easier to deal
with. Business was light In most directions
and was altogether much short ui the aver
age of Tuesday \ large proportion NJ the
production, especially most ot the India aud
China staples, IS well under contract. PRO
duccrs of such goods Rronot concerned about
further business except nc extreme rates.
Another motive for the nrmncss In cloth.
which Is operating powerfully IN depart.
mcnt, which until lately we're neglected, D.,
the narrpwncss of the margin between yarns
and cloth This j. ~ wcIrhty that manu-
facturcrs are again letting their looms Die
idle where orders nrr expiring which cannot
be renewed without serious loss. There was
moderate inquiry for some kinds Of India
staples There was lttlcinquiry for hiua
staple, but business in both va, small
There wa moderate demand from the
smaller foreign markets ut prcyiuu, rates.
Home houses are purchasing moro freely
though sull cautiously Little pruFtcs, wa
made in export yarn, There were few
Inquire. nom India. chiefly irnm Mnin,,
but China uud Japan buyers by thrIr recent
purhnsc. have satisfied their w.ats. Fur
the Continent Uuly uuil trade was done
Homo manufacturers huught iu trlhur
quantities. The ury-out quotations could
not be- rvuth bed The cloth market WIS
steady India aud China shiriiurs, c-pcci-
ally the former we're exceed ngly hrm
DhOoii,s we're firm and fairly we'll sold yet
there WAS little fresh business. laurDnCts
arr lees under engagement than other India
staple. Manufacturers complain ut the
puurnCss oi thv prizes uht1iunulc The de
maud for printing aud other finishing cloth,
WIS moderate. buyers had to pay iul
prcps Tor some SORTS. Rates nrr hardening
Fancy culor,d woven goods were very dull
especially those iur the foreign trade llu,l
goods wrw quiet, with q small Trade q
steady prices