The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-02-28


The clearing house report is as follows;
clearugs balances
Monday, Feb y. isSs~...!s ?s7,sIS g , s'sIs y
Total this wcek..;,,. $500 " ,i iooss W. ye
S Ss.ppcaSIns , aS 49, ssS 4 ii SSss
ExcnAyoE.
New York and cities north and east, on
demand, x discount buying. New York
aud principal cities north and cast sight y
discount buying. New Orleans So discount
buying.
Selling Rates-on Now York, y per cent,
premium on sums below $1,000, si.50 per
1000 premium on sums OF 81 900 or more;
on Cincinnati. st. Louis or Louisville, $3.50
per 81, 900 premium on all sums on New Or
leans Si.5o per 81 600 on all sums. Prime
commercial sterling, sis2@is2N.
Nothing Of interest occurred al the stock
call board meeting today aud quotations OF
local securities remain unchanged.
In local cotton tho market closed steady.
Sales, 1900 bales The Memphis cotton re-
cciptS today were larger than at any OF the
ports except New York and the net receipts
were even then larger. The receipts of net
cotton up 10 date are, JGS,2l0 bales, and
the gross receipts for the entire OF last year
were dGi, AZ bales showing an excess OF
l,7S3 bales IN favor of the present season. In
gross receipts this year 10 date, falls ,i67
bales under the receipts OF same date last
year.
New York spots closed quiet, and rs TO
futures, Price & Co.'S circular says; AT
theopening prices were 2points below those
Of Saturday, with fair offerings. As port re-
ceipis were lighter than expected, room OPP
orators began buying ON the decline with
the result Of advancing prices 0points above
those first paid. The market halted ut the
advance; and the pressure 10 sell quickly
caused decline, disappointment ut the lack
OF support when the higher prices were
reached, creating bear sentiment. Tho
heavy interior movement and the discourage
ing reports from Liverpool aided tho de.
cline
New Orleans spots closed steady, with
futures barely steady and of TO Gpoints.
At Liverpool spots were steady, demand fair,
with February and March futures up
poipt, Others unchanged. The corrections,
ois bales, TO be added 10 port receipts,
were added 10 the tables today, In accord
nncc with the action OF the Cotton World In
its issue Of the 25ih instant and as published
IN Tnr ArrTAL Of this morning. Memphis
cotton men now figure on a crop of 0650,0OO
bales. Badstroct has sent 800 inquiries as
10 stocks Of cotton at unaccounted towns
and plantations, and their report will be
ready by the 81 Of March
AtNcw Orleans open kettle sugar Is strong,
eenirifugals steady. Open kettle molasscs
and oentriiugals steady. Clean aud rough
rice quiet and steady.
In the local markets s,cadiness priyails In
brcadsiuis, fecdstuifs and provisions Escu'
Tents and fruits are In fair request and sup
ply at strict steady prices. Poultry is firm
and eggs quiet The telegraphic statement
received this forenoon that Col. Ncttlcton
had made sweeping reductions In freight
rates over the Kansas city road and conncc-
tons, cutting classes one, two and three 20
per cent and class four 90 per cent. created
considerable interest among the grain and
meat people, and was the subject Of general
discussion nj the Merchants exchange,
MroRrs.
Thlrty.threc brls apples S2s brls beans
and peas. "a pkgs butter, % pkgs bacon,
900 pkgs boots and shoes, 2675 bu corn,
- pkRs cheese, 1874 sks coffee, 2,6e6 SKIS cot
ton iced, n cars cotton seed 400 sks cotton
seed oil meal, 375 brls cement, lSi pkgs dry
goods, 81 pkls eggs, 216 bfls -four, - bales
hay 500 pkgs hats. l27 head hogs. i02 head
horses aud mules. i74 pkgs Lard, 5000 n
lumber, pkg. liquors, 100 brls lime, 1000
hrls oats, brls potatoes cars pork sides,
~ pkg rice, 02S brls sugar and 3,ooo pkgsto'
bacco.
niEyAroR REPORTS.
The following shows the amount OF Rrnir
received, Withdrawn and In store by regulal
elevators a. reported 10 the Merchants eN
change today; Corn received, l,GIG bu
Withdrawn, 2,bi2bu; IN store, g7,S0sb u. Oau
received. Goa bu. Withdrawn, 600 bu IL
store, Co,Se0 bu.
nottsls aud Stacks