Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-10-10

vember delivery, being the lowest point
it has touched for November with the
exception of 1882; when it went to 903c;
1878, soc; 1874, SSlc; 1873, GEE in six
teen years. The lowest price it has ever
been in the sixteen years, dating from
1867, was April, 1870, when it registered
73!c, and the highest was g IS, in May,
1867. This noon, opening at 93@c, it
quickly receded to 923c, but suddenly,
under the pressure of heavy buying, Incl
dental to numerous country orders, and
the impression that it was low enough, it
rebounded with great strength and closed
at GAGE, a full cent over yesterdays close.
Although corn exhibited an unusu
weakness at the opening, through sym
pathy with wheat, she also quickly re-
gained her usual strength under good
pressure, and while the receipts were not
as large as were to be expected at this
season, they were fairly mod
crate, but shipments scored a
full 100000 bushels in excess
of receipts. 1t is looked upon as the
strongest option on the board, and with
every reason OF faith. True, there are
many who will say that proportionately it
is much too high for wheat; and while
the bulls grant this argument in all good
faith, they continue to buy on every slight
decline, and manage to rule the market as
they desire. AT the same time, it is the
reverse OF wheat, and is now higher in the
proportion of seven to nine over wheat for
the past sixteen years for November; but,
again, the frost scare has not yet been
abandoned, and the bulls seem confident
hat the frost of September oath damaged
the growing crop more than was credited
hence its firmness. The demand for ship
ment still continues good, but the greater
part of which never reaches the seaboard
but goes to intermediate points
Europe has as much as she o
wants, but the hog-and-hominy eat
ers of this country will take al
of this supplied for their own consump
ton, as SOC worth of corn goes further
with them than wheat at 95c per bushel
Hogs are still plentiful there seems to bC
no end to them. The receipts were mos
heavy to-day, being $4,000, and heavie
receipts are promised tomorrow. Will,
there is a good demand there is a surplu
each day that cannot be placed. Thu
price of live hogs went off sc per 100 to
day below yesterdays figures, and porl
seemed awfully weak, January at on
time going down to SO So, the loves
point ever reached, with the exception @
January, 1879, 81 274, and 1878, $40 so
since 1867, for January delivery. Thes
were yellow-fever years in the South, an
no demand for hog products-and tn
hogs coming in so plentifully they wer
packed, and by the cessation of fever tn
new stuff was ready to be delivered o
January options, while the market actr
ally suffered through enormous stocks, an
packers were ready to dispose of it at an
price. We still look for lower prices a
along the line, but a reaction most shar
is soon to be expected in cereals, Will
hog products will still continue to declin
until a demand springs up which wi
allow some of the stuff to move.
Receipts-Wheat, 127 ,7l3 bu; corn, S5s
1913 bu; hogs, $4,000 nd. Shipments
Wheat, 57,7S5 bu; corn, $40, 734 bu; hos
%(official yesterday, 6500hd. Price OF hog
= 81 1905 30.
; Stock of corr and wheat in Chicag
: October 9th-Corn, 2,54s,664 bu; whea
! 1922 S3 bu.