The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-09
report Is MS follows:
ExcHANGE:.

mand, Il discount buying. New York aud
principal cities north and east, sight = dis
count buying New Orleans s. discount
buying
Selling Ratcs---on New York = per cent.
premium on sums below $1,000, $3.50 per
$1,000 premium on sums Of 81 200 or moro;
ON Cincinnati, ST. Louis or Louisville, $3.50
per 81 900 premium ON all sums; on New Or
leans, $l.bO per &, 900 on all sums. Prime
commercial sterling SLs9@is2k.
No transactions were registered ut the
stock call board session today, and but few
changes were made in quotations Of local
securities. Clcws q Co., Of New York, In
their weekly financial review state that
"uncertainty aud depression prevailed upon
the Stock exchange during the past week.
This was due mainly 10 two causes-tho
strike Of engineers upon tho Burlington &
Quincy, and the diversion of attention to
tariff and surplus matters NJ Washington.
There Is, however, one redccming feature In
the anxiety TO secure the next election;
neither party Il likely 10 adopt a measure
that will prove injurious TO the business or
commercial interests of the country. The
worst that can be anticipated II n short
period Of uncertainty as TO what the future
basis Of operations should be; but this
source Of hesitation once removed, bust.
ness will be free 10 respond 10 the expand.
ing tendencies of the times. Nearly all
commodities are moving into consumptlye
channels rapidly, from all parts Of the coun-
try collections are reported satisfactory, aud
money continues comparatively easy every
where.
The local cotton market closed quiet with
sales, 900 bales. Al New orleans spots
closed dull and easy with futures firm and
advanced 10 q points, Liverpool was
quoted business fair at unchanged prices
futures closed steady and unchanged. The
New York market closed quiet and futures
closed at an advance Of from 10 10 10 points.
Me-srs Hubbard, Price & Co.. In their cot.
Ion circular say; THE market today has
shown more steadiness than at any time
since tho commencement II the recent de
cline. The early Liverpool adyiccs indicated
considerable strength on The part Of the for
eign markets, aud ihis led 10 am advance Of
Sumo 5Cts points hcp al the opening About
II o'clock rimos Of the death II Emperor
William came, and q temporary depression
followed owing 10 the nervousness Of some
weak holders Of long cotton. II was seen,
however, that the possible effect Of thiseycnt
had been pretty well discounted yesterday,
and pric,s speedily improved, the close being
arm at the highest point Of the day, aud
with but very little cotton Offering for sale
except at constantly advancing figures. The
general impression i that the liquidation ~
the Atlanta operator who caused the break
has been fully accomplished. No fur.
iher failures arc anticipated, and
the atmosphere seems pretty well
cleared by the storm PORT receipts are full,
but the features Of the statistical position
have been ignored Tor the past few days, and
will be without ef,ct until the market
rcis ON To u moc stable basis A notcwor-
Thy feature Of recent buying has been the
number Of certificates absorbed for spinner
account Inquiry among brokers reveals
The Tact that spinncrs, both In New England
and In the south, have taken advantage Of
hs recent slump 10 protect themselves
against possible output ~ goods and the re.
quircmens 81 their consumption By large
purchases Of contracts here This IL cscep-
tional and betrays the lact that shcy have
not been able 10 contract Tor actual cotton
IN the south, a. usual, on the basis Of exist
Ing prices In New York"
Ciews a Co, o. New York, give q cotton
crop estimate a. follows ''1n a previous
circular We estimated the new crop la thii
country At 0.7oo. 900 bales. and We sec n,
reason A. yet Why tho-e figures should b,
changed, although great many are Of N,
opinion that the above i loo liberal an osti
mate Europe, In order 10 supply her de
mands Will require fnpm n AZ least a. 900 o.
bales This amount We can spare, Should
our crop turn out a. estimated above but Il
Il does not, Il Il easy ~ iorcscc that such
result will enhance the value Of cotton, an,
higher prices viii naturally follow"
The brunswick corrections have been In
vestigaied and the result Il a. follows Act
nal figures % movement September I, iss7
10 February -, isss, AZ per certificates 81
transportation, O0,O2o balcA Total reported
BY Gold A Stock Telegraph company, tin
Guiding corrections 81 1905 bales ON "a,
2ith Of February 0p.02o bales Amount {,
b. deducted og15 bales.
The New ORLEANS sugar market continue
quiet and unchanged. light r,cclpt, an,
sluggish movement Prices arr barely stead
and In buyers favor, although not quo,abl
lower Molasscs l. still quiet and unchanec,
Tho rice market l. slill quiet: seller. ar
meeting the market freely NJ recent declines
Rough rice Il very dull, aud there IL an al
scnoc Of anything like a demand. The Gn
strawberries Of the season arrived Ut New d
leans from Hammond, Ia, ON woincsda,
and sold Al 80 cents pint
AZ New York speculation In coffee has o,
oasioned drop In prices amounting 10 fror
100 10 100 points. Compared with IN
prices which ruled last June the bca
shows decline equal 10 ~ cents, aud mo-
That the weak holders have been forced I
liquidaic, itwould certainly appear aAat n
bottom Il not FAR on. Tho visible suppl
here Il Ooo.720 bag. a decrease Of 30i ~
bag A. compared with last year. The vi,
bic supply q the whole world Is 2,0SoO
hag agsinst iito,coo bags for the same tia
In 1881.
The local market continues steady A,
Without material changes In quotations.
IMPORTS.
One hundred and eighty hrls 81 apples. 1
ais bran, 30 pkgs bacon, as pkg boots Al
shoes 1000 bu corn. i6s IS coffee. $500 :
cotton seed, carr cotton seed. 1f2 pkg a
goods, % pkg erIs, 7a3 brls flour. OOO bal
hay. " pkg hats, % head horses and mul,
1905 pkg lard, ooo00 n lumber. 10 pk
liquors, 100 Kegs nails, 1000 bu oats. 8 "a
pork sides. $40 brs sugar. 100 pkes tobace