The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-13
FINANCE AND COMMERCE
MONEY PER CENT, NEW YORK
EXCHANGE Ia PREM. SELLING.
Cotton Quiet and Easy--M iddling Cot
ton, o 5-ec--sales Today, 1850 Bales
x The Tone OF the General Market
eteady--Meats Steady.
ArrrAL orFIcE.

rates. II is asserted that there Is an unusual
demand, for the season, and that the rapid
development OF various industries Is likely
10 keep capital fully employed, and that the
usual low rates Of interest heretofore prevail
ing here for few weeks during spring will
not occur this year. At the same time the
supply OF funds is ample for present wants.
The clearinghouse report is as follows
clearlng. balances,
Same time last wcck....,. i0Gisl % ho,2l2 ~
corresponding time lSS7,,.. a5ji0S 20 ,a,g,s Ob
corresponding time, 1850. glo,272 20 silf y
EXCHANGE.
New York and cities north and cast, on dc.
mand, = discount buying New York and
principal cities north and cast, sight 4 dis
count buying. New Orleans s. discount
buying
Selling Ratcs--0n New York \ per cent.
premium on sums below $1,000, 81 80 per
II 600 premium on sums Of 81 600 or morei
on Cincinnati, St. Louis or Louisville $50
per 81 900 premium on all sums ON New Or
leans $50 per 81 900 on all sums. Prime
commercial sterling $iS2c9i.s2H.
The only transaction had nt the stock cali
board meeting today was tho sale Of ten
shares Of pioneer cotton mill stock AT l7c
for account OF whom II may concern.
The local cotton market closed quiet aud
easy, with sales 100 bales. a notice posted
ON the blackboard stated that u, 40 would
be deducted from the total port receipts TO-
day for corrections 10 March 10, principally
ut Brunswick.
New York spots closad nominal with
futures inactive and up 8 TOT points. New
Orleans closed steady with futures very
dull, at an advance OF TO points. At
Liverpool in spots business was good at I'm.
changed prices, with futures firm and up
points. The reports received nj the Mem
phis Cotton exchange were irregular and in
complete. particularly as TO port receipts,
and comparative daily statement, the wires
being down cast, owing 10 q heavy storm
prevailing throughout that section Of coun-
try.
The Cotton World % the 10th inst says
without going into an estimate or guess
the face Of the figures seem TO teach that we
shall witness a crop OF COCO, 600 bales or over
as against our estimate, based ON October re-
turns Of q. 225, 900 bales"
Receipts at all ports are S,505 bales larger
than last week, and Gsi bales larger than this
week last year.
Receipts nc the interior towns show de.
-t.case compared with last week of 25g1
bales. as compared with last year Of is3
bales. Stocks show decrease during the
week Of q. a13 bales against decrease last
year OF D79i
The amount Of American crop IN sight Is
now q s5l, $50 bales. against COCO 80 bales
last year, and a.9ld590 bales the year before,
M INCREASE compared with the former Of |
BPS 81, and with the latter Of i0a, go.
Receipts from plantations show am In.
'~r-sse Of a.SoS balcs compared with last
week. and s,2ii bales compared with this
week last year.
Northern spinner takings from ports to
date, including overland shipments from
September I 10 February % have amounted
70 ,f0i,39i bales, against I, 20i, 40 last year
and $4,000 year before last. an increase
compared with last year Of ii2.0l5 bales
and compared with the year before 10 81, sol
These facts arc demonstrated as follows