The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-04-12
The clearinghouse report Is as follows:
EXCHANGE,

EXCHANGE.
New York and cities north and east on
demand \ discount buying. New York
and principal cities north and east, sight
y discount buying. New Orleans, s. dis
count buying.
Selling Rates-On New YORK., 4 per cent.
premium on sums below 81 900; $3.50 per
1900 premium on sums Of 81 600 or more;
on Cincinnati, st. Louis or Louisville, $i.50
per 81 900 premium on all sums; on New
Orleans, $50 per 81 900 on all sums. Prime
commercial sterling sis2@is2K.
There was nosession Of the Stock call board
today. Quotations OF local securities remain
unchanged. Clcws 4 Co., In their weekly
financial circular close lengthy article ON
the stock market as follows 'Thc future Of
the market i encouraging from almost every
standpoint Values have been unnaturally
depressed. and the first reaction was vigorous
and general As for the bears, there are no
further chances for profit on that side, and
many Of that contingent took advantage OF
The late low prices and joined forces with the
bulls. From now ON We look for gradual
Improvement IN values; reactions may occur
but stocks bought on these will, in all prob
ability, show profit 10 purchasers. Europe
still shows great confidence in our securities,
and the plothoric condition OF the foreign
money market indicates that large sums Of
capital are only awaiting good opportunities
for Investment Our leading bankers are
awake 10 this aud IN the course OF the next
few months II is probable that very im-
portant amounts Of bonds aud stocks will be
placed abroad"
The local cotton market closed steady, the
sales being 3 400 bales. New Orleans spots
are steady, and futures quiet and steady at
an advance OF I TO = points. New York
closed quiet aud futures quiet aud steady.
the near months being unchanged and the
late months up ipolnt. At Liverpool the
market Is iirm, improved demand, with fut-
urcs up point closing quiet and steady
Port receipts today were |, 100 bales greater
than the receipts ON the same day last year.
The Manchester Guardian, In rs CONNER
clal article says There Is inactivity In
every leading department Buyers have
conicnicd themselves with small purchases
Although occasionally sellers have been
easier iD their terms than ON FRIDAY. they
have more frequently shown much slcadi.
noas There is doubtless stronger and In.
croasing desire Tor fresh business In several
scciious but Il Is not sufficient 10 induce
producers "a Yield. A few orders for China
staples have been met with, but the Of.
fer ar rarely accepted. Important
pratlicahlc orders for India are scanty.
Where an average business has been
-Qone sgllcu have only accomplished
" by yielIins' ~ p,iycs. The demand ior
South America Is poor There l. rather
mor demand for the Levant though there
u no notable increase In business. Home
trade houses ar buying little more freely
The export warn departments ar very dull.
The inquiry "a light. Sellers for homo con.
sumption are making but little progress.
Cloth is very quiet. There IL much differ
encc la thc inquiry in the various departs
mcnts. Chill shiriins- and shcctings and
McXicans ac occasionally inquired for IN
fair quantity Tho salcs have been light.
The oncn aw often below quotations, which
arr adhered TO- India staples are In poor
demand ai current rates. but little business
~ doing. Printing cloth Is dull stocks, cs.
pecially 81 the commoncr kind, arr incrcas.
ing; there is some increase In the inquiry
for the home trade The sales Of finishing
goods have hccn small"