The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-05-10

thus lar tlis week ........ .2si,a856s ~ 1910
Same time last week ..:.. l'lgSllt9l 23tvlss ~
Corresponding time 1857. Ss,HSs 2lbOtl3 !
Corresponding time issc. 75l,@2l9 2Oilfl'.9
EXCHANGE.
New York and cities north and east on
demand, y discount buying. New York
and principal cities north and east demand
par buying. New Orleans, 81 discount buy
ing
Selling Rates-on New York, 80 per $1,000
premium selling on Cincinnati, St. Louis or
Louisville. $3.50 per 81, 600 premium ON all
sums; ON New Orleans, 81 per $1,000 pre-
MUM. Prime commercial sterling, Si.Sih
@l.S5.
The stock call board meeting developed no
changes In quotations Of local or other sccuri-
ties, except rs to Flippin compromise bonds
and Taxing District Is and Is, which are a
shade higher
Henry Clows & Co., In their weekly linnn'
cial circular OF the 9TH instant, write ~ fol-
lows "Thc general condition Of the market
Is healthy and the tone is predominantly
sanruinc. the Impression being that the sum.
mer Is likely to bring an active boom In
stocks. There is one factor, however, that
justihcs some resorve-'-the condition OF the
crops; which, at present, Is certainly not
promising. Any important movement IN
winter wheat and good outlook for the
spring sowing. which is two weeks late, would
be regarded as .wnrranting u higher value for
the granger stocks which are now kept down
by the discoumglng aspect OF this crop.
Apart from this faci, the general outlook Is
hopeful. The offers OF United States
bonds 10 the government exceed en-.
pectations, and the purchase Of about e.
100000 per day not only keeps the market
abundantly supplied with money, but very
materially nugmcnts the investment demand
for securities, the effect OF which Is strik.
ingly apparent In the bond market and In
the current subscriptions for new railroad
loans IL is not easy TO put limit on the
effect Of such large and sudden demand
from those who take their securities clear
out Of the market But Notwithstanding
these PROFESSIONALLY favorable factors, IL
may be prudent, In the present condition Of
the market, to act with dclibcmtion, though
VIC deem II safe TO buy upon moderate re-
actions"
The local cotton market closed FIRM, with
sales Of eO0 bales. Liverpool was quoted
free supply Of offerings, with futures barely
steady and unchanged. Tho New Orleans
spot market is unchanged, with futures Oft
point or two. New York spots closed steady
at decline Of i.iGc on all grades Futures
closed quiet with decline Of 2 10 3points on
the present crop aud an advance Of point
on the next crop.
Hubbard, Price & Co. say "rho market
opened at an advance OF points. lminedi.
atoly after the lirst call liberal selling orders
were received, and meeting with very little
demand, prices quickly declined 10 points
for the near positions. The depression could,
however. not possibly be called Of decided
character. Values, after touching 1905 for
August, remained steady, aud, assisted by
,ome covering Of short engagements, rocov-
cred points from the lowest. and closed
steady at partial decline Of TO . points for
the old crop, while the new crop remains
unchanged. Receipts show again decided
increase against last week and last year"
The Manchester guardian Of the 9th, In rs
commercial article nys "ln most depart
mcnts tho sales yesterday were unusually
light for Tuesday, and In only few was nm
average business reached. Buyers are still
unprcparcd 10 pay the present prices, except
for such small quantities rs they arr obliged
10 purchase. although the increased cost Of
production consirnins producers TO remain
firm In spite Of the lack Of encouragement
The state Of the market presents a struggle
over prices conducted with the distributing
markets which merchants are trying 10 raise
In response 10 the advance here. The con-
fict n intensified for Asiaiic outlets by the
added difficulty Of dropping rates Of oT'
change. There Ia but little inquiry for In.
dia. There have been some orders for China,
but most Of them have been inipractioahlc
The demand for other foreign countries e Ia
no case large. Buyers Gnd difficulty IN exc
cutting orders, owirg 90 insufficient limits
Home distribution Il somwhat free but n
Wow OF the ARREARS In the spring trade tho
business done Is immRtcrial. Few wcighty
inquiries were received for export yarn yes
tcrday. and Tie days business was com
posed chiefly OF small sales az friday'i
rates, most Of the pure bases being for India
the continent and the Mediterranean. Th'
demand for Glasgow bundled IA exceedingly
poor. Lancashire Manufacturers are yer,
cautious. and are not willing 10 pay th
current prices. Few cloth department
show any animation. Some have done
steady busincs, In moderate quantliic,
Producers 81 India aud China staples max
hut poor progress Higher reeds of priniin
cloth are dull. Orders are expiring MOI
rapidly than ihey nrc renewed. A 4,
business has been done In some makes ,
ipodium printers aud other finishing cloth
but low reed aud narrow printers arc ha
Heavy goods are inquired Tor rather inol
actively for the lcyant Buyers are placiT
orders very lelsurely."
paroRrs
One hundred and twenty-five sks bran
brls beans and peas, - pkgs Lutior. 1 .2il ri
bagging, i43 pkgs bacon, 80 pkgs boots an
shoes, 1900 bu corn, 100 Ais coffee, 30 br
lime, i2o brls cement, iO2 sis cotton seed,
car cotton seed AZ pkgr dry goods, - PHI
erEs, 30 brls Hour, T62 bales hay, a. Nj
hats, 10 nd cattle, IA I'D horses and mule
lbs pkgs lard, 1900 II lumber, Al pk
LIQUORS. 100 brls meal. 100 bTls melasses, 2
tgs nails, 5000 bu oats, brls onions, OO bi
potatoes, cars pork sides, "a pigs rice, 4
bfls sugar, 2i0 pkgs tobacco.
Bond. aud stocks.
Tho following list IL corrected REGULAR
and may Ia t.g.f.lcd M Al. t.tc.t go, l.,