The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-15
rxcIIANGE.

EXCHANGE.
New York and cities north and east, on
B Romano, x discount buying New York
and principal cities north and cast sight =
discount buying. New Orleans, ~ discount
buying
Selling Rates-On New York, :. per cent
premium on sums below $1,000, $3.50 per
1000 premium on sums Of $1,000 or more;
on Cincinnati, st, Louis or Louisville, $3.50
per 81 ,0,C premium on all sums; on New Or
leans, 81. 90 per 81 900 ON all sums Prime
commercial sterling Si.S2 4S2H
Nothing Of interest happened at the
stock call board session today, and no
changes In quotations of local securities
were made.
The local cotton market closed quiet and
easy, with sales only $50 bales. New Or
hans spots closed dull aud easy and OF
Lice with futures barely steady aud ons 10
~ points Liverpool was quoted quiet,
rather easier and futures declined 2to 8
points New York spots closed nominal at
decline OF i-iOc while futures closed
steady aud on 10 10 l0poinis. II was posted
on the Memphis Cotton exchange blackboard
that business will be suspended IN New
York Cotton exchange until all Geographic
and mail advices are fully restored Hub
hard, Price 4 Co., In their report on cotton
futures say; 'The entire interruption Of
communication with all points out OF
New York, created uneasy feeling and bro.
kers commenced 60 sell the market down
upon the exhaustion Of margins In their
hands and their inability 10 communicate
with their customer advantage was taken
Of this fact 10y some bears 10 hammer prices
with the result OF forcing probably the Wild
est fluctuations ever known IN proportion To
the amount Of trading and the condition Of
things was 10 obviously artificial aud resulted
in such great injury to many interests that
at an Informal meeting Of members present
this afternoon, Il was unanimously resolved
10 suspend trading until Friday"
Az New Orleans the demand for sugar h
sluggish, buyers seeming determined to take
cautiously. The assortment offerings Is
somewhat irregular and broken. The stock
In socond hands Is not arrc, hence IN spite Of
the quiet prevailing there Is no particular
weakness. Molasscs continues quiet There
4 no change 20 note In the rice market
either Tor clean or rough The demand for
clean rice j. o. slack as ever and rough nee
q very duh. According TO the New York
Commercial BHilstih THE continued liquida-
ton 81 the long interest and decline In value
on coffee Is the feature Of the streets at the
moment Since tie hrSt OF January last
there has.bccn decline Of about &c per H.
--srthc price Of coiiee, ard the market still
appears weak and unsettled Under the
above shrinkagc Il Is estimated that some
si00oOoo 10 si2COoOoO profits have been
picked up by American and brazilian opera
tors Who were short and Europe, which
was long, pays the BILL"
The local market did not present any
material changes in quotations. Egg are a
shadc lower.
Apples. ie6 brls bran, 1876 sks. beans and
peas ~ brls, butter, ~ pkg,, bacon, ~
pkg. boots aud shoes, $40 pkgS; corn, +, 500
bu: cheese, 80 pkgs coffee, li5 SKIS; lime, 2U0
brls, cotton seed. 2,9G2 SKIS, cotton seed, 2
taS; dry goods ~ pkr; epp, ~ pkg;
hour i,4o2 brls; hay W. bales; hats, "
pkgs, hors, NJ head; cattle, % head, horses
and mules, % head; lard, 1862 pkgs;
lumber, 1900 feet, liquors, a. pkgs meal,
$50 brls; molasscs, 10 brls nails, l,ls0. kegs.
pats, 900 bu; onions. 40 brls potatoes, 81
brly pork, ~ brls, pork sides cars; rice,
Sspkrr sugar, 800 brls; tobacco, O02 pkgs,
wheat, h,sOo bu; cement i25 brls.
ELEVATOR REPORTS.
Tho following shows the amount ~ grain
received. withdrawn and IN store by regular
elevators, a. reported TO the Merchnnts' ex.
thAngc today. Corn received, 6D57 bu; with
drawn, 20ii bu; Ia store. a ,5et bu. Oau
r.cei,cd, ,wts bu; withdrawn, 3l52 bu: Il
siore, t0,1Ds bu.