The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-18

DOMESTIC EXCHANGE.
Buying--New York and Eastern points,
demand, par Eastern points, sight 10 dis
count; Cincinnati, ST. Louis, Louisville and
Chicago, lilo discount New Orleans, Is dis
count
selling-Ncw York and Eastern points,
si.JO premium; Cincinnati, St. Louis, Louis
willie and Chicago, lilo premiumi New Or
leans, par.
In the local market today spots closed
very firm nj an advance of l-l6o' middling
10 9-iGc. Sales, 9, 100 bales, OF which 600 to
exporters and 1000 TO spinners. New Or
leans spots closed firm and up Lice; mid
ding, i04c; futures steady, old crop months
advanced 10 TO IA points, new crop points.
AT Liverpool spots are steady, demand fair,
and futures strong and up 2 points. The
New York spot market Is firm and advanced
lice; middling, 10 li-l0c; April futures adj
vanccd 10 points old crop months up IL to
is points new crop to points.
The Easter holidays are as follows Liy'
erpool Cotton Exchange closes Thursday at
. 4 o'clock and remains closed until the We'd
ncsday following. New Orleans Exchange
closes Friday aud Saturday. New York and
Memphis Exchan ,cs close on Friday.
Hubbard Price & Co. say THE Liver.
pool cotton market touched six pence today
for June and July deliveries, the highest
point for the year, and the representatives
OF that market here have been the means oi
causing our advance today by buying the
inside positions and forcing the prices up
al the same time selling August against thcil
purchases Of May and their previous lonl
cotton. A strong market is not an unusua
Circumstance Just before a holiday, but TO
days advances has been mainly ON the GOV
ering Of shorts which are not disposed 10 %
home over a holiday with any interest In
the market Cotton Is drifting into weaker
hands a. the original bulls are
now selling ON every strong period TO the
Spectators, who are now buying upon their
profits. This latter element il strong as long
rs the market advances. but II Is demon
strated that the holders Of cotton are willing
10 accept thc'basis Of 1919 or lie for their
contract holdings. Some slight reactions
have occurred during the session, but the
close Of the market is at the best prices Of
the day. The present advance has carried
cotton 10 iiguers that Justify sales against
fertilizer cotton, and we see some indication
OF selling orders Of this character In the mar.
ket today. The interior movement is on
larger scale than last season, as are the 70.
ceipts at the ports, but this feature Is now
without any influence upon prices"
The Manchester Guardian, In It's CONNER.
cial article OF the 18th, says
'The advance In quotations consequent
upon the rise In cotton OF the last few days
decidedly intcricres with progress In most
departments. An advance Is rarely OBJ
tained In ratio with that In raw material
- Ai.Als. business Of importance In
1hcN'm huIc-s-- -~s-.>~
cloth, except at the rates OF wees hgo.
There have been inquircrs for India and
China staples, In some instances for large
quantities The proportion Of practicable,
however, Il below that OF last week. Tho
minor forcign una .'ls are In the same con-
dition. Thcrc - little business In export
yarns beyond tic placing Of few orders for
the continent. The prices Of best printing
cloths are hardening and small sales have
been made. Common are most we'll sold.
Colorcd woven goods are steady and well
under contract. There Is little new practical
BILE business. Heavy goods are salablc only
In small quantities"