The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-04


at 81 3-l6d for money, and 071zd for the ac-
count The nmouptG bullion gone into the
Bank Of England on balance today is ff3,-
900. Bar silver, 43kdpgr ounce.
PARIS, Oct. 3.--gl,ree per cent, rentes,
S2f ~ I9c for the accom-
BANK oLEARINGs.
CHICAGO, H., Oct. Blank clearings, Sl3,-
0Ol 900.
NEW ORLEANS, La, Oct. Bank clear
ings, 1924, 736.
ST. LOUIS Mo, Oct 3,-Clearings, s8,348,-
$685. balances, So030if.
New YoRK, Oct 3--Clcarings, Sl0,6oO,-
0j9 balances S0,150,17O
BosroN, Mass. Oct. 3.-Clcarings So, 5Os,-
go; balances, S2,002,bjs
BALTIMORE, Md, Oct 3.-Cleanngs, 81
| 1ll,Oll; balances SiUT7Ul. 80
PHILADELPHIA, Pa, Oct 3.-Clearingsl sl3,-
77T6lO; balances, &62jol0
Grain ana Provisions.
CHICAGO, H., Oct. 3--.lhe feeling deyel-
| opcd in wheat in this market was greatly
excited again, moro so than ON any previous
| day, being the outcome ul wlld speculatlOh
| some of the oldest operator, described TO-
| days opening, with the exception OF war
| times, without a parallel, possibly never, IN
the history of the trade, did prices huctuale
| 80 NilhlN " lOuul. AllllhNl Nll' Nl'iN ihiiA'
Of todays market, which was &c, was cover
ed within six minutes from the opening.
| This will illustrate the condition OF the mar
! kct Prices ran up and down lc at Jump
with no trades at Intervening figures when
| operators began 10 buy there was but little
wheat obe had and when they wanted TO
sell there was but little demand TO take the
wheat Today's business shows marked
falling of rs compared with the preceding
I.t. us.l t1... l. IN a.
way OF evening up and settling up trades.
Operators do not care 10 sell ON such mar
kct as It is too easily controlled and at the
| same time many operators would not RISK
buying at the prices ruling Many
merchants are advising their Gus
toners 10 stop making new trades In
wheat for the present at least and there Is
| rapid settling up or evening up OF trades
Some parties who have held 10 the bull side
were reported as selling today, though Others
predict and are holding for higher prices,
As To the opening, II was not dcscribable
with first few trades ut 2]S and &c over
the closing figures of yesterday, and imme-
diatoly sold SIC more, or, in other words,
prices were 0,lc higher Tor December within
five minutes after the opening than the
closing figure Of yesterday. Prices almost
Immediately declined &c. and then iluctu-
atcd very frequently within lsc range
|
back &c, aud closed 80 Tor October 4ISc
higher for December, and Sc higher for May
than closing figures of yesterday. Foreign
markets were better and higher, and do
nestle markets decidedly higher than yes
tcrday. Dulth No. /, hard, sold LOO above
Chicago No. ?.
The corn pit was the scene Of activity and
confusion the entire session, fluctuations
being wild and the cour,r OF prices difficult
i e. I'll lac. t.IF al IN
The feeling was greatly unsettled and prob
ably at no time since May has the market
been more excited aud unsettled. The trade
was mainly In November and this future
iluctuatcd within q SIC range, nervous
feeling prevailing regarding this month, aud
some talk Of n squeeze was intimatcd by sew.
cral operators, which created an active de.
mand Tor shorts, aud IN evening up prices
advanced sharply. Tho market was gov
orncd entirely by local Influences the adj
vance In wheat having trougthcning effect
on prices. Opening sales were lCtl3s higher
than the closing price, Ul Yesterday. after
which the market ruled wild and the greatest
confusion prevailed and prices advanced In
Jumps Of Yoke until an advance 81 5c was
recorded when the market reacted almost ~
quickly, declining $40, ruled very unsettled
and closed with October &c and November
40 higher than YESTERDAY
The market for oats ha, at last fallen into
line and followed the advancing tendency Of
other cereals q very substantial advance being
shown In today's range 81 prices.
Trading In future deliveries were more
active, demand good and not ~ much for the
! purpose OF covering shorts a. In the way VI
| speculative purposes.
Mess pork was active but unsettled. The
general feeling was stronger, aud prices
ranged higher early January received the
most attention. and largc lots changed hands
frequently. Longs unloadcd freely. and the
bulk of the buying was 10 cover shorts.
Opening sales were at 2jCLino advance. Jan
uiry sold up ejc moro, declined 60 opening
figures became irregular and advanced "a
previous outside prices, but the market
closed easy at almost the lowest figures.
Lard was moderately active stronger and
| higher. Ohcrinp were not large. aud the
demand mainly 20 covering outstanding con
tracts Opened J(ai2hc higher on the act.
i've futures and advanced 24Gjc, rccodcd
| slightly aud closed easy.
Short rib sides wcrc traded In 10 n fair cx
tent at higher range Of prices opened at ur
| advance % Sc on October aud 30 on Jnnu
AIRY. rrrrdel i5c on the former and 5a7fc
on the latter, rallied slightly, but closed
easy.
The leading futures ranged rs follows