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

The financial situation is getting closer
as the season grows apace, business now
being confined by the banks to their Gus
toners, with just about enough to keep
their wants supplied. Considerable atten-
ton has been attracted toward the local
insurance companies on account of the
recent heavy c~onflagrations, and the best
evidence observable yesterday of their
solid condition was the increase in the
number of policies issued, which will in a
great measure compensate them for the
losses sustained.
The cotton situation was about the same
yesterday-if any difference, it was a
slight enlargement of the space between
the opinions of buyers and sellers. 1t
was rumored that concessions were
made to buyers in several transactions
reported yesterday. Exporters continued
virtually out OF the market-holding that
New York must come down fully lc or
Liverpool go up I'd before the value
of cotton, including insurance and trans
portation is equalized. Local receipts
were lighter yesterday. The market
closed with middling at 10sc, and
sales of 1856 bales, all but 30 bales to
spinners. Receipts were 1871 bales, ship
ments 50l bales, leaving stock on hand
20,945 bales. OF the receipts ID bales
were by steamer, and OF the shipments
all were by rail. In New York the tone
was quiet at the close, with middling 103c.
New York futures closed barely steady,
with October declined 3 points, and other
deliveries 3 to 6 points. New Orleans
spots closed easy, with middling quoted
at 10 I1-16c. New Orleans futures closed
steady, with current deliveries quoted at
1888, bid, and other months declined 2 to
6 points. Liverpool spots closed firmer
at 6@y65d, with sales of $4,000 bales, of
which 500 were American. Liverpool
futures closed easy, with October 6 1-64.
Total receipts at all United States ports
yesterday, 29,s32 bales.
Business on Front street was quite
active, and a generally steady tone in
huenced the markets in all lines except
feedstuffs, which remain quiet for corn and
oats, firmer for bran, and very dull for
hay, of which there is reported a heavy
overstock. In produce there is very little
change to report, the exceptions being a
better demand for apples, cabbage
steadier, and a scarcity of country but
ter. Eggs were also a little weak
er, but prices are unchanged. Corn
continues at $4,000; cornmeal, g IS
flour, So 5O97 %; chickens, 81 5O@3 %
eggs, 2Oc; mess pork, $13; lard, SIC by the
fierce; butter, 15(G20c for country and 26@
SOC for creamery, and other articles un.
changed. The following were the imports
and exports as taken from the boards o
the Merchants Exchange Yesterday:
IMPORTS.
Fifty-three brls apples, 200 rlls bagging
81 ties bacon and hams, 554 SKIS bran, 81
pkgs butter, 625 SKIS coffee, 80 nd cattle, 4:
pkgs g $40 brls flour, 90 nd hogs, ;
cars hay, 1896 pkgs lard, 3 ears lumber
IS brls liquors, I brls meal, l0l nd horses
and mules, 6 brls mOlasses, o kgs nails
40S cars oats, l55 brls onions, 62 brls pota
toes, . cars bulk pork, 10 brls sugar, 60 he
sheep and 200 pkgs tobacco.
EXPORTS.
Eighteen brls apples, $40 rlls bagging
IS ties bacon and hams, 1 SKIS bran, l br
beans, Is pkgs butter, 230 bu corn, POS pkg
cheese, 135 SKIS coffee, 3 kgs eggs, 1S2 brl:
flour, l66 bales hay, 1893 bdls iron ties, A
pkgs lard, l car lumber, 20 brls liquors,
brls meal. 8 nd horses and mules, 9 brl
molasses, 173 kgs nails, 60 SKIS oats, IL brl
onions, 33..brls potatoes, 3 cars bulk pork
l brl packed pork, 90 brls sugar, 1S2 pkg
tobacco and 46 bu wheat.
The Chicago market, according to tn
APPEALS special, shows that pork close
at SO 90 for cash, SO 80 for Novem
Der, SO II! for year, SO 974 70
January lard, 81 so for cash, 81 So 70
November, 81 So for year and 81 45 fo
January; clear rib sides were So So 70
cash, So S23 for November, So 55 fo
year and s. 81! for January; cor
closed at 465c for cash, 47c for October
465c for November and 453c for year
| wheat closed at 924c for cash, 94sc for NJ
vember and 92c for October; oats close
. at PC asked for cash and October, 27sc fc
! year and 2Sc for November.
D Our st. Louis special indicates that cor
= closed at 45sc, 43c for November and 40l
l for year; wheat closed at 81 CO., for spo
: 81 OIL for November and 81 003 for yea,
oats closed at 262c for spots, 26sc bid f,
d wear deliveries and PC bid for Mover
Der; pork closed at S1l %; lard, 81
bid clear rib sides, Sc rs; hogs closed
81 S0(G5 10.