The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-01-31
ON 'CHANGE.


& Co. receive 5000 hogs q day.
AMERICAN wheat at Liverpool yes
terday was dull. Corn steady, with
fair demand.
TAXING DISTRICT 6s are now held at
par, 46s, 00-a gain OF 8 per cent,
since Badden's reelection. \
CLosIEG prices for May options at
Chicago yesterday: Pork, Sill 224;
lard, 6.27lc; clear rib sides, 5.6Oc;
corn, 40sc; wheat, soc bid; oats, SIC.
The daily receipts OF hogs at Chi
cago (neaily all from Kansas City and
west { I that point) are $1,000. Allow
ing sixty.five hogs TO car, this makes
600 loaos per day.
THE Bureau Of Statistics reI orts the
exports Of merchandise for December
TO have been t74,27S,330, and the i'm
ports SOL 1894 1853, compared TO ex-
ports OF $9l, 344, 1855, and imports OF
$40, ITO, 993 FOR December, 1884.
REPORT Of the Grain Elevator yes
terday: Bulk corn received, SOL
bushels; withdrawn, 2240 bushels; in
store, SO $50 bushels; sack corn re-
ceived, COZ eacka; withdrawn, los
lacks; in store. 2573 sacks. Bulk oats
received, 9.8 bushels; Withdrawn,
1853 bushels; in tt)re. Al, 100 bushels;
sack oats received, S78 sacks; with
drawn, 1901 sacks; in store, 1928
sacks. Wheat, nothing done; in stne,
1898 bushels.
VIsIroRs on Change yesterday: @.
w. Dudley, Greenville, Mics; G. B..
Ashe, Miss Cora II. Ashe, Huntsville,
Ala; ]. T. Crossett, Moscow, Tenn.
w. L. Davis, Moscow, Tenn. M. II.
Cleft, Cha .tanooga: Miss Stella Stat.
ton, Miss L. Proudfit, city; A. Fiaok,
o. l.. Hays, Gallon, o.; A. NJ. Clegg,
New York +. II. Conner and lady, j.
l. Conner and w. X. Stokes, Augusta.
Ark; Miss Nellie Childress, VILLA
mette, Ark Miss Jennie Cole, w. T.
Cole, Miss May Gabay, Phi a1elphia;
Miss Celia Leman, Cincinnati; Miss
Eva Gabay, city; Miss Sarah Rsegs-
ma1, Cincinnati; Miss Sanders, Frank
ort, KY; Miss Kennedy, city.
A New YORK authority on grain
says: "Tke wheat market IS wholly
manipulated one, as 1t had been for
months prior to the bull turn CT ten
days $50 But 1t 10 now manipulated
by the bull, and on the bull side, in
stead OF by the bears on the bear side,
as had been tho Gaze almost without
interruption for three years. The
market l. as assuredly turned and it
is emphatically bull market nov.
Speculative sentiment, which unduly
depressed prices when it was besrish,
is now bullish and growing more 80
daily in view OF the large and rapidly
incrt aaing interior milling demand,
which is supplied In the West only az
New York prices"
THE cc ton markets may be de-
Bcribed 40 In an axpeCtant condition,
bears aud bulls alike waiting for some
thing 10 turn up. Spinners 3 buying
cautiously, fearing to he caught with
b, avy stocks on declining market.
On the other side the same conditions
seem 70 prevail, and the hand-to-
mouth policy seems 10 obtain every
where. The key 10 the situation lies
In the South and upon her ability 10
refuse 10 dispose I the staple at lower
prices Van those now ruling. The
Liverpool markt ia ia condition Of
such "sensitiveness" as to respond in
itantly to the slightest fluctuations In
American markets. This has been
sbundantly demonstl a.ed by the
course Of that market within tho last
three daye. On Friday future deliv-
cries at Liverpool advanced 2. Cad, but
New York weakened under the
weight OF February notices,
which came ont with COM
parative freedom and hoated longer
han had been thought likely. TAX
ing her cue from New York and New
0fleans, which re fleets the f)rmer mar
ket like a mirror, Liverpool quickly
receded from her advanced position
yesterday and closed fiat at Sod de-
cline. The events OF the coming week
ere looked forward to by our cotton
merchants with both anxiety aud in
tsrest. II 10 to be hoped that local
1. ctors will not allow themsel yes TO be
moved from the policy that has COY
erned them throughout the season Of
stubborn resistance to every decline.
There Is nothing in the situation
10 warrant a further decline
in prices, even il receipts continue TO
double last years figures as thoy have
been doing nearly every day during
the week ended yesterday. Admit
ting-which is by no means certain,
and altogether problsmatica'
continued liberal receipts, proportion
ate in amount to those OF last week,
point to q crop of 100000, there
would even then be nothing In the
situation to justify further depression
in prices. The oousumptive want, OF
the world are fully equal even to such
a crop, and il only needs firm tone
in Southern markets, accompanied by
stability in prices, to bring about
change from the present unsatisfactory
and anomalous position.