The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-11

''Jhe decline In insurance stocks, m the
result Of several disastrous fires during the
year, has produced feeling Of great dcprcs.
sion In insurance circles, and hazardous
stocks Of this class are unsalcablc, unless at
concessions. IL j. a significant fact, that the
two strongest local insurance. companies
have gone into voluntary liquidation. This
Is the handwriting on the wall that should
admonish some Of the infant companies, Of
which We have several, that the insurance
business II not n profitable ~ Il was and
that consolidation of some Of them into
one strong company. on an increase II CAPT.
tal, would almost seem 10 bc AN act OF neces.
atty. The decline in gas light stock has been
caused by threatened competition, and that
In merchants cotton press stock by the un.
ccr,aintics attending the heavy loss occa-
stoned by the November lire. II would seem
20 " that ras stock would not be dear at
present prices, Notwithstanding the threat
encd competition. The property and condi-
ton 81 the Memphis Gas company has been
considerably improved, and it, officers are
capable, intelligent aud live business men.
Memphis sroi cotton lie lined Ice today,
Al New Orleans the decline was i.IGc, and
az New York tie decline was isc. A. 20 the
Neg lo;k future market, G. l. Grocnc6 90.
Ey; ''somc irrcgularity was shown, but the
tendency Ia l.qui,laio long engagements has
not a. yet become fully subducd. This
morning there was some buoyancy and 4 lin
of about 4 points, but at this splitting once
more commenced, aud full reaction II
value followed, some months even touching
fraction below last evening The close was
steady"
A London cotton cable states that there l.
an inclination abroad TO revise crop estimates
with sumo going up TO o,'jo,oWCg0, 5000
bales.
The New York Commercial BHli,iin says ~
the grocery market. Coffee, ~ far ne early
supplies are concerned, also seems 10 favor
The seller, but the ENHANCEMENT Of the spec.
ulaiiyc element neuiuliTcs many good feat
urcs. Other articles are about on an even
heel, without much movement at the pres
cnt time, though with many chances that
the country will soon want mpplica.n
In the local markc, sugar advanced isc yes
tsrday on all grades. Molasscs l. lover
Other articles comparatively unchanged.
The annual election Of officers Of the Cot
ton exchange will take place today-fol
president, thrcc vioc presidents seven dlrec
tors and treasurer. The judges Of election
are John Amstcad Dennis Smith and Az
q. luther. II will be- n reelection Of the Of,
officers, there being no opposition.
The annual meeting ~ the Merchants cX
change will be held at 40 o'clock tomorrow
evening. Tho annual IMPORT Of Prcsidcn
Martin and the reports IT the secretary on,
trcsaurcr will be presented Tor adoption.
INroRrs.
One hundred and twenty-five brls app,s-
i25 tks bran, 95 brl. beans and Icas, Ia
pigs butter. ~ pkgs bacon, $40 pkg. boot
and shoes go hu corn, i01 pkg cheese. y
ais coffee, 60 brl. lime. rs brls cement. 81
sis cotton seed, ~ car cotton socd. 30 4
cotton seed oil cake, 10 pkrs dry goods. e;
pkg crs 80 hrls -four, i.si2 bales hay. 4
pigs hats. o. head hogs. " head cattle. 2
head horses aud mules 80 pkg Lard 400
Il lumber. "a pkg liquors, 40 brls mca
DO brls molasscs, go kcg- nails, 200 hi
oats, ~ cars pork sides - pkes rice, 612 bal
sugar 40 pkgs tobacco, so bu wheat
ELEvAToR IroErs.
The following shows the amount Of oral
received. Withdrawn aud la storc by rcrnla
elevators, A. reported % the Morchants' q,
change today. Corn received, LIZA bu. will
drawn. 2l0 bu. la sturc, i2,0i9 bu. Oats !,
eeiycd, i,sl7 bu; withdrawn, 8,5is bu, /
store, is,isi bu.
Reads and stocks
Tho following list II corrected rcgulari