The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-01

LONDON, July OIL. y. m.-IOHsOls cIoseu
ut V0l1d for money and 99sk for the account.
Bar silver, 42Hd per ounce
PARIS, July 3l.-Three per cent rentes,
s3f GOc for the account.
BANK cLEARNGs.
CncAGo H., July 3l.-Clearings, $o06i,-
600
NEw ORLEANS, La, July 3i.-Bank clear
ings, 81, O70,573.
Nrw YoRK, July 3i.--Clearings, 800 $751;
1888, balances, A,5sl, 100.
BALTIMORE, Md. July 3i.-Clcarings, ST.
Gjj, 4j2 balances, $3.50, 483.
PHILADELPHIA, Pa, July 3i.-Clearings,
$40, 1875, ll5; balances, S,7l53O7
ST.. LouIs, Mo-, July 3l.--Ccarings, 81, 49,
57l; balances, S25i,4i5. For the month:
Clcarings, sG7, ,9O9 balances, $40, ia 05.
For the corresponding period last year
Clearings, Si, 237 ,069 balances, 81, 81, 800
BosroN, Mass, July 3l.-Clearings, $l2,-
I73,0l0; balances, 81 ,5i635l. For the month;
Clearings, 1856, COZ, 400; balances, Sii, 500. 404
For the corresponding month last year
Clearings, S3iSOlO,S73; balances, S3o57s,615
Grain aud Provisions.
CmcAGo. H.. July 3l.-Thc tables were
turned in wheat and corn on change today.
Wheat was weak and closed 24c lower than
yesterday. Corn sold ic higher early with
out apparent reason and closed &c higher.
The wheat market was tickle one. IL was
not until the price by successive dips and
rallies worked its way down 20 under the
closing price Of yesterday that many of the
enthusiastic bulls could see that the bulge
was n thing of the past and that the market
was not only weak but heavy. The curb in
ilucnccs were given undue force and there
was great disappointment both here and at
New York when prices opened lc lower for
| leading futures, with Others dragging. The
export clenrnnces Of wheat and Hour from
Atlantic ports were ~, 900 bushels and the
bulls began TO fear that the export buying
reported did not mean much. There was
talk of quiet selling by the leaders while they
bought openly. Sales ranged ~ follows UNI
| III near the close: August, s3Nc 10 S3l+c to
Si'sc down 20 s2ssc, September, SiAc down
TO 9'kc. up 10 4Nc, down 10 $3.50,
mp Ia SIZE and back 10 sac, or lAc under
last night The market OF the finish was
/ weaker than nj any time during the session.
| September, the leader. closed 2J.c lower
than at the same hour yesterday. Closing
prices were: August, Sc; september, s2s4c.
The peculiar strength IL corn early and
the way the prices wero kept up TO the close
| puzzled the best men inths pit There was
some bull news from Kansas early, aud no
doubt some covering by reports on that &C.
count, but that was not sufficient 10 explain
the Jump of L. or moro IN all futures the
| first hour. The receipts were less
than the estimate, ,bni still reached
5sO cars. with 33s cars Of No. 2 grade.
| The out-inspection was alrupst the bulls, be-
ing only lG2, 90 bushclsl Prices ranged Au-
gust, ASt.c up 20 iG1.c aud back o. i5l1c;
September, 45..c up o't6Isc back to I5Nc,
closing at i5Ifc
Oais---Tbc speculative trade was rather
| animated early, July being la good request
from shorts and advancing fully Ic over
yesterdays closing aud other deliveries fol.
lowed with iirmncss aud &c advance, being
influenced by the improvement In corn; q
heavy fall OF rain early in the day also
caused some covering. The last hour of the
session witnessed q quiet market with all
the advance for July NJ one time lost, though
the final closing was lic higher and the
other deliveries became heavy Va NJ to be n.
nally the same TO only &c above the last
quotation Of yesterday.
An active business was transacted In pro.
visions, hut an unsettled feeling prevailed.
Shorts bought freely and longs realized. A
| large part 81 the trading however, was IN
changing contracts from August 10 Scptem.
her Several large holders ~ pork threaten
ell to deliver II tomorrow unless the differ.
cnccs wcrc widcncd. Their threats had the
desired effect and pork was changed at 2iic
10 5c better than yesterday, l2ltc 60 i5c
being paid. In short ribs changes were nj .
M7Sc. September pork opened nj tlI65,
sold at sil67if, down 10 tii52If, closing at
tilG5 Lard was active but the market wa.
narrow. September sold at ts.g7 feta O2I y
/ short ribs for September were bulled up iOc
early by shorts, but alter they had covered
prices declined Sc, last sales for September
being az ts62k
The leading future. ranrcd As follows