The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-01

Csc for the account The weekly statement
of the Bank of Frauce shows n decrease in
gold of l9,oO1ooof, and an increase of 1850,
000fsilver.
BANK CIr,RlyGs.
CHICAGO, H., Nay Sl.-Clearings, si9
6G6, 900.
Ngw ORLEANS, La, May 3l.-Clcarings Of
the banks, $S5l,6IS
BALTIMORE, Nd, May M.-Clcarings, ST.
367, SIG; balances S5sl lG5.
NEw YouK, Ma SL-Clcarings, $l20
65l, 72i; balances, g. ,2o,d2S
PurrApErrnIA, Pa, May Sl.-Clcarings,
$l2, $50, $685. balance, s2oO07OS
ST. LOUIS, Mo-, My 3.--Clcarings, s.. O7S,-
sol; balances $40tNj; ccarings for this
month, S7S 70l, 056; balances, Sll, IA SOg for
May 1887, clearing S5o,7Gs, 155; balances,
SIC, i65, $50.
BosroN, Mass, MAY 3l.--Clcarings, SIS
2l3, 40, balances. 81 i,jNS. For the month
clcarings 1886, 76i, G11. balances. SIS, 3S5, 257.
For the same month in 1857 clcarings, %0i,
ass, ia; balances, So. i5l,S96.
Grain aud Fro, isions.
CHICAGO, ILL.,. NAV 3l.--The leading feat
urc on change this morning was the un-
settled condition of tine wheat market The
action during the first hour was even more
sensational than the mysterious drop on
Tuesday The prioo for July started at Soc,
or &c better than the last price quoted
Tuesday. In three minutes il sold at S6hc,
because there appeared 10 be no wheat for
sale. Then there was sudden reaction, aud
the prices went down 10 SIC, a drop of 2lsc,
with the weakness and strength equally
strange to the crowd in he pit After this
phenomenal action July sold until noon lie
tween Si9s@SiNc. The volume of business
was not large, but the crowd was very ncTv-
Gus. A few big houses were prominent sell.
ers on the way down, and this gave the tum-
BILE something of the nature Of raid. Other
futures in the excitement opened away
up, and in less time than IL takes
20 write the statement the market
reached the top, but when the break in
July came, they declined faster than they
had climbed up lew minutes before. Later
July sold between ~ .tgs5c, neryously jump.
ing about kCdhc IN moment. There was
a very large increase in the wheat on pass
age. Aside from this there were no features
in the movement OF figures. July closed at
S5l1aS5kc- The opening prices and the
early trading indicated great strength in
corn, but after prizes advanced n few points
there was quite let down in May and other
futures weakened and went away below the
closing prices of Tuesday. May sold early nj
SIC and up to $3.50, then back to SIC by slow
degrees, and before the close went Ia ode
July touched h5lsc, and sold down 10 54c
closing AT 54skc. Receipts were go cars, OF
which ga cars were graded No. 2 Oats wcr,
quite active, May delivery attracting special
attention. Therewas still quite large shor
interest, and there was brisk trading at nd
vnnccd prices May sold nj 379,CtS1c, closing
at - &c. July sold at 3Sas@i3lsc closing n
S3Asc.
Tho provision trade was slow, fcaturcloSs
and unintcresting The little trading in
dulgcd ia had largely ia view the changing
over of some outstanding contract 90 a later
month. Prices, however, held steady Ia
spite OF large receipts. July pork sold al
Si4.12@itl7k AMI closed at Sial2b
July lard sold at = i5@Sl7k and closed Al
SIS. July short.rihs at S5.j2 isttG55)s and
closed nt SI.55.
The leading futures ranged rs follows