The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-02-09

Rhine In rates which continue steady ~ . per
rent
The clearinghouse report isas follows;
clcarings Balances
Wednesday, Feb, s isss-.s 81 oss b %, s2 s
Fame time last week.. l,elills 81 ln1ls 20
Corresponding time, 1877. i2le?i5 % sel2oo %
Corresponding time, 1876 eSo| 20 iSVE' Cd
EXCHANGE
New York and cities north and cast, ON
demand, a discount buying, New York
and principal cities north and east sight q
discount buying New Orleans, 81 discount
buying.
Selling Rates-0n New York, y per cent
pramium on sums below $1,000 $3.50 per
1000 premium on sums Of $1,000 or more;
IN Cincinnati, st. Louis or Louisville; Sl.bO
Der q, 900 premium on all sums; on New Or
leans, 81. 80 per 81 900 on all sums, Prime
commercial sterling, Si.s209i s2S
The only sale In the way Of local securi-
ties made yesterday was six shares OF seour-
ity hank stock at 1876.
Cless & Co. Of New York IN their week
" financial circular Of the lth instant, states
that Notwithstanding the large proPonder'
Ancc oi influences favorins the buying side
of speculation. the market still drags, and
the course OF prices, for the past week, has
been downward II i true that the unset
tied feeling for the last three days has been
due 10 sharp and persistent attacks from the
professional bear traders, and IL is also true
that the effect Of their ass anlis has been In
significant compared with the force Of the
raids, which shows the same inherent
strength that has characterized the market
for some weeks; but IL Is nevertheless diSap-
pointing TO witness such n condition Of
things in place OF the buoyancy that has
been 80 generally expected and that seems
70 entirely warranted by the general facts Of
the situation. II appears incredible. how
ever, that securities should indefinitely re-
main 30 much below the public estimation
Of their intrinsic value, and Il would not be
surprising 10 sec the street any day shaken
out Of it, present apathy by some favorable
event bringing few courageous leaders 20 the
front For the moment, our advice 10 our
friends would be. 20 maintain waiting at
titule until tendencies arc more fully dfvel'
oped.H
The local cotton market closed quiet, with
sales of 80 bales At New Orleans spots
closed steady and futures advanced 10 TO II
poinis closing quiet New York closed
frmer, and a. 60 futures, G. l.. Greene 4
Co.'S report on cotton certificates says;
There has been good strong market and
quite q liberal addition made TO values.
Liverpool did not afford much encourage
mcnt was. In fact, a triAe slack, but home
influence proved stimulating and created a
buoyancy. on vsnch' man points were
gained, closing at about the highest, and
very well sustained"
Liverpool was quoted dull; prices general
~ In buyer favor. Middling uplands and
Orleans oil lied, with futures quiet and
eomparatively unchanged. The ilayrc mark
81 was quiet aud steady, and unchanged eS
oept as TO q Irrational advance In futures foi
February delivery.
At New Orleans the sugar market is slug
eish, concessions being necessary to eneci
sales. aud a quoiable decline Is recorded
Molasscs continues quite dull and sluggish
Clean rice u quiet and dull, and rough rice
very duh. In sympathy with the clean arti
Gle. Holder src asking steady prices
49, According 20 che Cincinnati Prias c'iTTes
Of February 2 the movement OF hogs ha
been somewhat enlarged the past week
especially at Chicago and the total packing
a. thcwcsi has been $4,000 hog, against Al
equal number for the corresponding tim
last year, and 5000 more than last week
total. Prom November l the aggrcgat
packing Is looiOoo, against $4,000 yea
sgo-decrcase. 59i,ooo hogs. Tho packin
last year In February averaged about aio.Oc
hogs per week for al points. The currcr
export movement Is Of only fair propo
lions. and continues 10 fall considerably b
low the corresponding time last year
meats, while lard exports were fully equ
b. the same week last year.
In the local markets values ac "a
changed. Esgs declined slightly
IMPORTS.
Boots and shoes, i.0si pkg corn, 1000 b
cofIcc 2i2 sks; cotton seed. 2 i2s sks; colt
Bed, 10 car,; cotton seed meal, 40 Ks. Il
goods, 10 pkpg cevs - pkg, Hour O2o BIB
hay, 10 car; hats ~ pkg; hogs, rs hea
sheer, az head, cattle, 80 head; horses ~
mules, iJ2 head. lumber, bs0oo n; liguo
- pig. meal ijO brlS molasscs, br
oats 100 bu; potatoes, 40 brls, pork sidl
Gear, rice, u pkgs tobacco, SSl pkgs.
uWAroE REroErs.
The following shows the amount Of era
rvcciVcd. Withdrawn and IN store by rcgul
elevator nv rvporicd 10 the Merchants e
change today Received, i2i9 !
Withdrawn, 1ps hu, Ia store, iNis1
Oats--nscCivcd, ! ,iVo hu; Withdrawn, 2.
bu; IN s,,'rc, 2a552 hu.
nsnds aud stocks.