The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-03-22

MLs&wpid? q wd'tuh Union, 7sA.
Min 81 Louis pfd. 10 ~,
LONDON, March n, 4pm9-C onsols closed at
l0l 7-l0 for money and 1918 for the ac-
count Barsilycr, 40 31Od per ounce.
PARIS March p. Three per cent rcntcs,
s2f nc for the accounts 81
BANK cIERRiyGs.
CmcAoo, ILL.,, March p. -clearings, IS, ioi,-
NEw ORLEANS, Ia, March 9i.-Clcarings
OF the banks, 81, 1872, 642 ~
Nrw YoRx, March q lzClearings, $95,579,-
ISL balances, ", s26.G78.
BAIrrMonR, Nd, March vi. --Clearingy ~,
PAT 800; balances, $317, 023.
Bosros, Mass, March VI -Clearings ST.
POI, 500; balances, 81, 74I3i2
PHILADELPHIA. Pa, March 2l.---Clearings,
s9436, SOL balances 81, 030,2S2.
ST. louIs, Mo-. March 2i.--The bank clear
ings today were 81, ss3, 1893; balances, sGJo, O2o.
Grains and Provisions.
CnIcAGo. ILL.,, March 2I-Whcn the board
opened for business there was every indica-
ton that concerted raids would be made in
nearly all of the speculative articles. In the
corn pit the raiders had good basis 10 work
from. The crowd were very nervous on nc
count OF the large receipts which are OK
pcctcd during the next fifteen or twenty
days, and the unusually good inspection. An
| additional cause Of weakness was n large
number OF limited selling orders which
came over night May corn opened at 502s
@5OJsc, against last nights close at b0lsC
bid. In the first ten minutes IL sold oil e
| SOC straight. The excitement I'm the corn pit
was tremendous throughout the session, and
an enormous quantity Of long corn came out
during the day. Selling started in as soon
as the board opened with big flood Of stol
orders which were held by receiving and
other firms and May was crowded down
20 4Dilc during tho llrt hour Then fol
lowed slight rally to aD9lc, but persistent
pounding by q prominent operator soor
! pounded IL down 60 i9ssc. Again reaction
10 isAc occurred followed by anothcrbrcak
May touching i01sc and finally closing u
l9hc There was also wild excitement II
wheat. Everybody both big and little Ia,
all lac could do, and most OF them wcr
selling. There was sale OF 100000 bushcl
OF wheat in lump by an operator early II
the session, which WAS followed by the exc
Cution of large number of stop order
which broke prices wide open. May opcnc,
ut NC, improved TO 77ssc and dropped q
57Gt71Hc during tho first hour. Wheat con
linucd going down until May touched IdJzc
| Ivy tliUt tiho ~ appcarcd " though NJ W
long wheat had been sold out, and Ma.
frned up TO 719sm7Isc AMI cloacd nt 77hc
Oats shared In the weakness Of the othe
grains. There was some realizing on futures
aud May sold of from a0,s to 3iisc.
There was good deal OF noise made In ia
provision pit, but there wcre not very hcav.
Individual transactions. Tho greater part q
the stun marketed came from the long
shippers had fair orders for small lots, an
their purchases created the impression TIA
the consuming public are beginning TO stoc
mp. Prices of hogs were 5talDc higher, bt
the decentralization IN grain oycrshadowed n
othtr influences aud induced free offering
Pork received the most attention, and va
sold with increased freedom by scalp,r
bear and tired longs. May opened a shnd
better at sli.lo. but staIiod downward, an
after Sl3.S5 was touched ssap-"rjcr holding
came out with such frycdym that drip I
Slg.12lf was recorded. Tl,trc were few sale
however below Si3.o0. Efforts came IN G.
the raid anl covered good sized lines, and
rally to Si3nj was secured. the closing u
nrcs being si3p1is. Lard remained compa
aiiycly steady ut S7.6oC7.p5 FOR May, an
closing at s7.bsis. Short ribs dropped 10
but rallied aud gained Sc. sales Tor Ma
were at s5.i2h@T2liS, and closed at $7i5.
The leading futures ranged as follows: