The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-07
DOMESTIC EXCHANGE.

DOMESTIC EXCHANGE.
Buying-New York and Eastern points,
demand, lilo discount Eastern points, sight,
is discount. Cincinnati ST. Louis Louis
willie and Chicago, l-l0 discount New Or
leans, - discount
Selling-New York and Eastern points,
$3.50 premium; Cincinnati st. Louis, Louis
willie and Chicago, 40 premium; New Or
leans, par.
The Secretary OF the Treasury this after.
noon accepted the following bonds AS
registered, $4,000 at sl.O9.
In the local securities market stocks and
bonds are frmer and IN better demand.
The local cotton market today closed firm,
with sales 1900 bales, or . 500 to exporters
and 1900 TO spnners. The sales were larger
than those of any other point except Liver.
pool, and middling cotton was sold at sc
above quotations. The gross receipts 10 date
are the largest on record, and are % $50
bales greater than those for the same time
last year, and the net receipts 3,l02 bales
greater than those Of last year.
At New Orleans spots closed very firm, at
an advance OF Lice with futures barely
steady. February advanced 8 points and
remaining months to points. The Liver
pool market closed firm, demand good aud
up lied, quotations revised, futures firm
aud advanced 3 points. New York spots
advanced &c, closing steady, with futures
steady and up s to II points.
Hubbard Price 4 Co. say: "Thc principal
feature TO todays cotton market has been
the unexpected strength shown by Liver
pool and the execution Of some very heavy
buying orders Tor March contracts In this
market supposed to be for Liverpool nc
count The amount thus Tar absorbed is
variously estimated at from ~. 900 to 30 OOO
bales, and all sorts of rumors are current
with regard Ia the object Of thee purchases.
The general opinion seems to be tia, they |
were 10 cover short sales, but there are
some who believe that prominent IAyer.
pool firm, very successful this season In
that market. have come into
this market with the intention Of running
bull deal"
The Manchester Guardian 81 the 9th sa.,.
''rhe market Is rather dull Few depart
mcnts did AN average Tuesday, business
yesterday. Sellers are much impressed by |
The hardening tendency Of cotton ANA are |
therefore not inclined To press Tor fresh or.
iers, except at extreme rates. aud they are
'arely obtain1bc. Buyers would rather
wait than purchase In anticipation Of the
ituation, not being affected by the strength
u cotton. There arr s,mc inquiries Tor In.
liza plain staples, chiefly shir,inrs, but as q
rule the prices oncrci rarely exceed the
lowest rates current In December. A. the,
are now quoted higher the result Is small
sales. Altogether China merchants have
few order Adviccs by telegraph are lcs,
Encouraging than thusc by mail. There
: quite steady business for
be smaller foreign markets but
merchants are cautious aud few nrc
Inclined tn act In anticipation, oven VIII r.
'riccs are tcmptmgly low. Home house.
IRE doing little, yet 'omc departments ~,
more lively than a fortnight ago. The de. |
nand for cNpor, yarns is inactive Few i'm. |
porinnt orders have been executed. Spin. /
ner- hold Tor Fridays full rates. hut these
arr rarely Practicable except Tor small |
quantities. The home demand IA LIGHT
the tone Of cloth h quiet Tho inquiry for
India jacconcts j. poor. The few orders Tor
mulls and dhooics ON the markets nrr
practicable only at the low 81 prices lately
current The Inquiry Tor printer, and lin.
ishing cloths is poor yet the order, In hand
have been mostly executed, seller. readily
accepting The recent rates. although they
will not submit 10 any decline. Heavy
goods Tor the foreign markets are steady.
with moderate sales. There II little home
inquiry"