The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-20
DOMESTIC EXCnANGr.

| DOMESTIC EXCHANGE.
Buying-Ncw York and Eastern points,
demand 40 discount Eastern points, sight
10 discount Cincinnati, st. Louis, Louis.
willie and Chicago, 40 discount Now Or
leans y discount
Sclling-Ncw York and Eastern points,
$3.50 premium; Cincinnati st. Louis, Louis
willie and Chicago ITO premium; New Or
leans, par.
The local cotton market closed quiet to-
day, with sales 1900 bales, or go bales 10 cx-
porlors and |, 600 bales 90 spinucrs During
the day cotton was held steady at l-lGc above
quotations, and buyers were anxious to Sc
cure II at that figure.
New Orleans spots closed firm with futures
dull but steady at q decline for near months
Of to points; distant months unchanged.
| Liverpool closed duh, limited inquiry, In.
lures quiet aud steady, at a decline Of point
on near months, Others unchanged. The
New York market closed quiet, with futures
quiet and steady aud Oft TO points.
Hubbard, Price 4 Co. say. ''Liycrpoors
decline was partially reflected here. The
influences at work here yesterday In adyanc-
ing the market were, however again appar-
cnt this morning, aud under lhcir operation
March contracts advanced Ia $50, from which
there was a slight reaction, the close being
shade under last evenings figures Receipts
at the ports today are again full, but at the
more important interior towns, Memphis
st. Louis, Augusta and Cincinnati, they are
not rs large as were expected.
The Chronicle says Of the report Of the
Agricultural Bureau giving the proportion
OF cotton marketed February !, ut si3 per
cent, that IL is variousIy interpreted as
pointing TO a crop a. low as 100000 bales
and as high rs 7.ioloo bales and Brdisircri
discusses the report a. follows "rhc De-
pnrtmcnt of Agriculture this week pub
lIshcd q report stating that L3 per cent. Of
the cotton crop Of lS,5-sl had been mark
otcd. Uncertainty as 10 Just what this
indicates deprived that publication Of
whatever effect it might have Otherwise had
on prices. u the crop 300 .lt On Fch,u
AIRY I lj,,52uIo hliul u0s 1913 per cent
of the total crop, thc yield would -cpm
likely Ia range In thu ucirhblrhuod of
GeloO1o bales. Buf ii o. a meant merely
that $40 per cent at the lss,.,I crop had
lcIt plantations by February 1. then the
question " stocks go amounted towns. and
the amount in transit between markets.
would remain undetermined Uncertainty
ns iu iu.i how much ul che crop wa. held
nj the small uu,puutci towns aud how /
much was In transit would mako com. |
PARSONS useless. The amount out ol /
planter, hHu.. but not Zoo b. .ht las been /
uGUatci. On February - 1855. |
i0d' r,IF found nearly 2OlOoo bales az |
Lllp towns In the South There IL no /
means %. knowing definitely Just what |
quantity boo bales was held in those l.. 100 |
towns uu February J tul. year u the /
stock ut an interior amounted towns
ou that date was $4,000 bales. or
iwVup bales moro than was held nt
llUp towns February % last year aud |
We add iuoUpl halu for cotton in transit. q /
total +. found blcl. oi ihc quantity Boo sight /
of iniuIl bales. This lIdrl to the crop Boo |
sight February / D.5,lu'o baIcsi would |
make ih' upIInut amount ou plantations /
ou February 0, Gl5',up bales Then 10 sL8 |
per cent ui thv Who'll, crop hll been mar.
Ayiyd thr total crop would appear |
30 hc little lca, than $4,000 bales OBJ |
morc Than any bat the mot sauruinc ,su. |
mates. TIL, shows che wurthl..sucss of Ala, |
report. The crop movement this week has |
hccn very liberal and encouraging Ia be-. |
lirNcr in large estimates Un February i /
ihc amount ol this years crop iu sight WIS |
lNA"' bale lees than la't years movement |
Bt fhHt JHtyW