The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-02-03

Money ~ stu IN gQOu supply and rates arr
unchanged. Tho banks are still asking
per cent
The clearinghouse report Is as follows
Clearngs Balances
Thursday. Feb 2 lsss..s 42o6la q aa,el7 \
same time lat week.. iiGC,iSi 90 N5.ao i
Corresponding time. 1857. i,ss59g " siS,552 3.
Corresponding time, lsg I,aso,5Ji % 2eSSss y
EXCHANGE.
New York and cities north and east, on
demand Il discount buying. New York and
principal cities north and east, sight, -
+ discount buying
Selling Rates--0n New York, per cent.
premium on sums below 81 900, $50 per
$1,000 premium on sums Of $1,000 or more;
on Cincinnati, ST. Louis or Louisville, $50
per 81 600 premium on all sums; on New Or
cans, $3.50 per $1,000 on all sums.
But few changes were made In local securi-
ties ut the stock call board meeting today,
and the only sale registered was four shares
Of Masonic Temple stock at SIC.
The local cotton market closed quiet.
Gales, 1,0o0bales, all TO spinncrs. The present
receipts are keeping mp with those Of last
year 50 wonderfully well that Memphis cot
ton men are inclined to higher crop estimates
than those announced by the Cotton lIorid
and the agricultural bureau, and they center
around the figures 100000 bales Az New
York spots closed quiet at decline OF l-lGc
and as TO the future market &. l., Greene &
Co.'S report on cotton certificates says The
market was sagging throughout The loss
was 10 4 points, closing nc the lowest, with
feeling barely steady
New Orleans closed quiet aud OF Lice
with futures barely steady, and declined 2 to
. points. Liverpool was quoted steady,
demand fair, or Lied on all grades except
middling uplands and Orleans; futures de-
cllnod to points, closing weak.
The New York Commercial aud Financial
Chronicle gives substantially the amount Of
cotton now In sight as follows Receipts at
ports TO January "a, ASA, 1872 bales Inter
Tor stocks on January q, in excess Of Sep
TENDER /, l,37l,ls2 bales Total receipts,
s,sp,Sii bales. Southern consumption Jan
uary !, 10000. Total In sight January "a,
6,170,0aG bales. Northern spinner takings
10 January "a, l,2Jl l02 bales. The increase
In amount in sight, rs compared with last
year, Is &c., sll bales The increase rs COM
pared with 1890 Is &c. o8 bales, and the
Increase over lssi-s5 Is or, 1876 bales.
The New Orlcaps sugar markets. sluggish,
but prices remain well maintained. The de-
mand is somewhat slack, rs buyers distrust-
ing the stability Of prices are taking spar
ingly. Open kettles are In comparatively
better demand than other grades. Molasscs
u quiet and unchanged. Clean rice il quiet,
prices firm, and rough rice duh, IN sympa-
Thy with the clean article The present po-
sition OF the New York sugar market Is a
peculiar one. On the one side stands the
gigantic trust, composed Of an alliance OF
all the working rcilncrics, supposed 10 rep.
resent capital Of sGo,O0o,0oO aud operating
under cover OF the most rigidly preserved
secrecy, except such methods rs may have
become public through attempts TO control
production fix the plane of prices and die
tate the demand for raw material, both rs 10
time Of development and the quantity Of
stock To be handled Against this may be
found abou, the usual number OF importers
nos commencing TO receive the new crop.
yet all working independently aud without
concert Of action IN meeting the practically
one buyer, to whom they must submit their
cargocs, or else seek custom from the three
rdncrics In other cities that have thus far
refused to cast their LOT with the trust.
Another trust 4 In active operation. the
''gluclose combine" composed Of manu-.
facturcrs who have practically clear field
IN itself, aided aud abctted by nm import
duty On foreign goods that Is almost pro.
hibitiyc and shuts the door against any sue.
ccssful composition. This excessive tariff
protects a few manufacturers, who IN turn
pool their interests and place the consumer
IN position whore he must pay any price
that j. flowed upon him. A few weeks since,
says the New York Commercial BuilsiiH, "ihc
glucose combine held meeting and fixed
the price Of mixing grades at $40 per
pound, and marked the country of into ter.
riiorics and districts 10 which assignments
Of production were made among the mem.
bcrs." In the local markets no changes In
quotation were made today by the Mcr-
chants exchange committees.
IMPORTS.
Two hundred and ten sks bran, q pkgs
butter, ~ pkg- bacon, go pkgs boots and
shoes, 3,Og bu corn, 40 pkg cheese, $50 sks
coffee, 2, l2S sks cotton seed, cars cotton
seed, 80 brls cotton seed oil, 100 pkg dry
goods ~ pkg eFFs, 1908 bales hay, ~ pkgs
hats, ~ head hogs ~ head cattle, 1870 pkg
lard, 5000 q lumber, l25 pkgs liquors,
20 brls meal, 5000 bu oats iOobrls potatoes.
can pork sides, q pkg rice, ~ brls
sugar, 80 pkgs tobacco.
ELEVATOR RHPoRTs.
The following shows the amount Of grain
received, Withdrawn aud In store by regular
elevators, o. reported to the Merchants eY.
change today Corn Received ASA bu,
withdrawn, 80 bu; IN storc, 1857 In
oais.-Receivcd, 7leO bu; withdrawn, O,bIs
hu; In store, ~. rs bu.
nouds and steeks.
The following LET u corrected rcrulariy