The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-22
DOMESTIC EXCHANGE.

Duying-New York and Eastern points,
demand, i-l0 discount; Eastern points, sight,
rs discount. Cincinnati, st. Louis, Louis
vile and Chicago, lilo discount; New Or
leans, u discount.
solling-New York and Eastern points
$3.50 premium; Cincinnati, ST. Louis Louis
Vile and Chicago, 40 prcmiumi New Or
leans, par.
The Secretary Of the Treasury this after
noon accepted the following bonds; 4}ss
registered, $50, coo, at 10S.
The local cotton market closed firm today,
with sales OF 5000 bales, equally divided be-
tween exporters and spinncrs. Cotton was
in demand at quotations.
The New Orleans spot market closed firm
an advance Of Lice, with futures steady,
March going up 4 months; remaining months
up 2 ~ 8 points. Liverpool closed firm, de-
wand Interpretations revised and unchanged,
with futures quiet and unchanged. AT New
York spots closed dull, aud futures quiet at
an advance Of l TO 2 points.
Hubbard, Price a Co, say; Foreign
cables this morning showed the presence of
English s%pinners again with Liverpool cot
ION ulNl hilt Nv IAAAAihH'o A'Ae9 'NNAr 49,
bales, a larger amount than they have taken
for ten days past Adviccs from Bombay
show receipts to be 70,O0O against u 900 last
year, a total increase In receipts 10 far this
year Of 2gI, 900 bales over last season. Ship
ments at the same time 10 Europe are -, iOt
bales ahead. Our market opened quiet with
somo improvement aud closed steady at nr
advance Of ? pointson the day transactions
The sudden death OF VIM. Woodland last
week greatly shocked our operators today,
and business In consequence has been Of
a very limited volume aud no fresh engage
mcnts have been entered into. Stocks at
the ports aud interior towns show q "crious
depletion asa result OF the increased ex-
ports aud takings by American spinncrs."
Port receipts today, 1887 bales or 1888 In
excess of receipts for same day last year.
A correspondent at Manchester reports
'thc English cotton spinning tmdc ~ be en-
joying u ycritnhlc boom. All the yarn mills
are running io full capacity. The large out.
put Il taken rs fast NJ produced, ard stocks
show no signs Of accommodating. The pro-
duciion of yarn tends to Increase, owing 10
enlargement Of old mills mud building Of
new Nitrs MINIS llilt nave Nttll HllNl NNMl
for several years are starting up again. Il il
estimated that the capacity Of the mills in
the vicinity VI Manchester aud Old iam will
be enlarged by these changes n the extent
of VO0.up spindlcs Tho same tendency n
reported, though In a lessor d,g,cc, At nol.
ton, vhcru fgyptian cotton is largely used.
Quite a contrast 20 thc profitable trade Ia
yarn Ia furnished by the weaving trade
Here a. in the yarn tudc, the output .
heavy, aud an cnlrmuu trade i being done
but the margin between cotton and clotl
aud yarn aud cloth IL not 20 satisfactory
The print cloth trade - not very well stu
ntcd Stocks aud pro uction are large our
correspondent reports n movement OF fool
having Tor its object the discstahlishmcnt u
the factory surgeons now required 10 b
maintained in factories. 4 recent amend
mcnt o. the Liverpool Cotton Association
bylaws prlyii les in case arbitrator dccidI
that an allowance Tor damp in cotton ol %
least ~ pounds per bale be- due To the buyc
thereon, the laitt shalt have the option q
invoicing he cotton back at the market prize
of the luN."