The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-02-24


good supply at the banks. Rates continue
firm at per cent, and all bank customers
receive liberal accommodation.
The clearinghouse report is as follows;
THURSDAY. Feb o. lsSs....s siG,5Sl q 1850 81
Thus for this weck.,...- ,0yn, 20, ~ .y2Nli ~
Fame time last wcck...... ,A2aM 92 son'io ~ ~
Corresponding time ISL. l,6t,2B ~ Sn.NiO ~
Corresponding time, 1885,. l,OD,45l II 2ll,O4v ~
EXCHANGE.
New York and cities north and cast, on
demand, :. discount buying. New York
and principal cities north and cast sight -
discount buying. New Orleans, 81 discount
buying.
Selling Rates--on New York, Y per cent.
premium on sums below $1,000, $50 per
$1,000 premium ON sums OF 1000 or more;
on Cincinnati, ST. Louis or Louisville, $50
per 81 900 premium on all sums; ON New Or
leans, $50 per 81, 600 on all sums. Prime
commercial sterling Si.s2@ts2H
No material changes were made In quota
tons OF local securities at the stock call
board meeting today, but the following were
sold 10 the highest bidders at the close OF the
session: One Pioneer Coiton-mill bond, Sec
ond, az 74glc; forty shares Pioneer Cotton
mill stock at i5i1c; five shares Cotton Ex-
change Building company stock az 500.
Henry Cews & Co., OF New YORK, In their
weekly financial circular Of the 18th. state
'General trade has been In quiet but very
healthy condition, and, with the advent OF
mildcr weather, and later on the opening Of
navigation, Il would not be surprising TO wit
ness q decided improvement in business
throughout the country. In the iron trade,
which has been interrupted by the great
coal strikes, a moro hopeful feeling prevails
owing TO an carly probable resumption 81
work, and the failure Of the Reading strike
has also dissipated all fears OF trouble In the
Wyoming region; no that ere long it's likely
that both furnaces and mills will be running
as usual In those districts. The condition Of
the Wholesale dry goods and groceries trades
IL exceptionally sound, and the sieadi-
ness with which large quantities
Of these goods are going into consumption Is
the best evidence OF the progress and pros
pcrity OF the masses. The producer aud
distributor may not yet be making largo
profits, hence many Of the consultations
and combinations now In view; but con.
sumption IL active, and the consumer has
been receiving the benefits Of low prices 10
an extent that lac has perhaps not entirely
realized The outlook for trade may thus
be considered as exceptionally encouraging,
and should these expectations be realized,
the effect upon Wall street cannot be other
wise than beneficial For these reasons We
have confidence In the stock market aud
look for ultimately higher prices"
The local cotton market closed quiet; sales, |
1900 bales for two days. New York spots |
closed easy and as 10 the future market c. |
L. Greene & Co. say; Crumbs Of comfort |
for either bulls or bears were few aud far
between today. Liverpool adyiccs, both
public and private, indicate lessenlng faith
IN higher range Of values, while confidence
In larger crop views seems 10 be on the In
crease. Even the room scalpers were
Indifferent traders, as evidenced by nuctua-
tons Of but 10 . points on the days bust.
mess Of some ei 900 bales.
The market for spot cotton at New Orleans |
Is restricted by bad weather, futures closed |
quiet and steady and of 10 points The |
port receipts for February % were i0.9is |
bales; same time In 1887, 1859 bales The
Liverpool market was quoted, free supply
offering with futures barely steady and UNI
changed.
telegram from London says ''The com.
miitee Of Underwriters appointed 10 inquire
Into the causes Of fires In American cotton
have Issued memorandum In which they say
that the danger from sparks. smoking, In.
ccndiarism and contact with oil Il enormous
~ iucrcascd by defective packing. Insult
cheney OF ties and the method OF sampling
They urge that no country damage should
be paid Tor ny underwriters, and they recon.
mend that all policies aud certificates con-
tlin the following clause: Warranted free
from claims for country damage or damage
ffOm exposure dnring inland transportation
or ~cvious 10 loading''
A better feeling prevails IN the local mar.
bets household supplies have advanced
owing TO shorincss ofrccelpis.
IMPORTS.
-Four bfls apples, 90 pigs butter, 25 pkgs
bacon. 3i5 pigs boots aud shoes. $500 bu
corn. 100 pkgs cheese, ,5aj sks cotton seed.
can cotton seed, IFS pk- dry goods, 30
pig eggs, 223 brls -four, 4 i6l bales hay, -
pkg hats, ~ head bog, 20 head cattle, 100
head horses aud mules tO2 pkgs lard, "A, 600
Il lumber 70 pkgs liquors. 100 brls limo, $50
hrls meal, IS hrls molasscs, ~ kegs nails,
400 b. oats, ~ brls onions. % bfls pork,
sohrls sagar, 200 pkgs tobacco and COO bu
wheat
ELEVATOR REPORTS.
The following shows the amount 81 grain
rceivcd, Withdrawn and In store by rcgninr
elcvalon, a. reported 20 the Morchnnts ox-
change today Corn received g6sa hu.
~ithdmwn, 5050bu, Ia store, q ,5ss bn. Oats
rcceived, 700 bu, Withdrawn, ., bsi bu, la
store 81 ,2J2 bu.
sHHaaHaaa=.
Bonds aud stoeiss