The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-05-13

Ind, bloom ~ vest iiI2 ~ d Olnhin, ~
Kansas & Tex. "a stP Omaha pfd lo1
Lake Erie * West, AZ TeniCoal q Iron, 215s
Lake Erie & wpfd. AZ Texas Pacihc 23
Lake Shore glls Tol 4 Ohio Cen pid, 40
E LOUSY Albany, q Tnitld aies Express; 70
Memphis Charlcst b Wabash st j, I1s
Michigan Central, 7Sz w, - ~ + pid, ~
Mi, LIS 4 w, IS Wells Fargo Exp, lJ5
NJ lisa w pfd, s9h Western Union, loI
Min & 81 Lons, American Cot OIL, 3lz
Min & 81 Louis pfd, ID 49,
ToypoN. NAV 12.--Consols closed at 30 sic
for money and 90 7-16 for account The
Bank of England gained $500 bullion ON
balance today.
PARIS, May 12.-Three per cent rcntes S2f,
Coo for the account.
BANK cLRARIYGs.
Ngw York, May 12.--The weekly bank
statement shows tie following changes: Re
serve increase, $i020, 600; loans, decrease,
81, 1i3, 600; specie, increase, S. iSi, 800 legal
tenders increase, $l,7i0,500; deposits, in
crease, 81, 03s, 800; circulation, decrease, So
800 Tho banks now hold so, 276,0 in ex-
cess OF the % per cent. rule. Clearings,
today were $40, 16s, Ala; balances 50, 222,Of5
BosroS, Mass, May 12.---Clearings today,
| sI4, sos, S7l balances $i,635g30. Money
| 2 per cent exchange on New York, 6lgl2iEc
discount per 81, 900. For the week: Clear
ings $ss,7io, ISL; balances 0,22l, O37. For
the corresponding week last year: Clear
ings, s02, 900, 263; balances, SlO,Sll,S 57.
ST. LOUIS, Mo-. May 1l.--Cearngs today
| 50, 7GG, S02; balances, $556,147 Clcarngs for
| this week, Si7590, 700: balances S2,0i5, 4l6.
Clcarings for last week. $I8 33l, SAG; balances,
81, $780, $50. Clcarings for corresponding week
in 1897, sl70i2, 23s; balances, $3,37s, 1872.
Chicago, H., May l2.---Bank clearings
for the week were $62, 5000, an increase OF
0S per cent over last year balances for the
week were G,55s, 10l, against s7,St5, 405 for
the same week year ago.
| PmLADELPirIA, Pa. May 2.--.Clearings, 49,
50i, 900 balances, Sl,5lG,72i. Clearings for
the week ending today, 1924, SOi bal
ances, Ss,G02,5Si.
BALTIMORE, Nd, May -. -.Clcarings, 81
1852 60s; balances, $780, 40.
Grain and Provisions.
CHICAGO, H., May 12.---The interest In
wheat this morning exceeded that OF any
previous day. Sensational reports were ex-
changed between the great trading centers,
and the bull fever ragged. Prices here open
cd ic over last night, and after dropping
few points bounded up nearly lc on gen
ernl buying both by the country and the
local crowd. The business was enormous
end individual influence could not be no,
tioed. The advance after the first soft spot
|
July 10 SOC and December 20 0lHc. Thi,
was the top for the day. A decline followed
aud the bears made a big effort 10 break the
market, for June went back to SIC July Il
$50 and December TO 0O%c. Strength re
turned before the close and the closing
prices were; May Sic; June, SIC; July
Ss1Ec; December, Ole. The opening prices
were: May, s6ssc; June, s7I4c; July, sSyEc
December, DHc
The corn market puzzled even the profcs
SIGNALS today. Prices opened 5sGAc owe
last night and at once went higher will
wheat. After May sold at GOkc, June u
isiSc and July ct bsssc, there was very sud
denly great quantity for sale, and In les
than fifteen minutes prices went off abou
lc Asin wheat there was q reaction and
return OF strength before the close. Ma.
closed nj 5SJSc, June 81 &c and July 57Tc, o
about 10 higher for the day.
Oats kept within a narrower range. bu
held an active crowd OF operators Ma
touched 35lsc and closed ut 35c, and Jun
sold between 3i@3lsEc, closing at JiHc.
Provisions were moderately active
stronger aud higher. The strength, however
came Chiefly from the buoyancy In whoa
and corn. A fair number OF outside order
10 buy were received. Local Shorts coverc
fair lines and holders took advantage {
the bulge produced by their buying and VI
loaded fair lines. After buyers had been lille
up the market weakened, and prices decline
80 on short ribs and Z 70 on pork, but la
sales were al iOc advance on pork, DC q
/, lard and 2ii@5c on short RIBS over yeste
days sales. Pork--July told AZ $li.40
= if62il, and closed at $i4.ss lard nc 30
S.i2i<, and closed at $40 short ribs
I S7.72iSC57S0. and closed at f1,75.
Y Tho leading futures ranged as follows: