The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-02-07

Tho money market continues nrmi Win
rates at per ceut. Money is in fair supply
at the banks and is sufficient 10 meet all or
binary demands.
The clearing report is as follows;
Clearlngs. Balances
Monday. Feb G. isss-.~.s i07962 60 55'5lS %
Same tlnc last week. iilslh ~ , ,S'dsS ss
Corresponding time, 1870. so52oi i6 C4,Slo IS
EXCHANGE.
New York and cities north and cast on
demand x discountbuylng New York and
principal cities north and east, sight, y
discount buying.
Selling Ratcs-0n New York, per cent
premium on sums below $1,000 $3.50 per
81, 900 premium on sums Of $1,000 or more
on Cincinnati ST. Louis or Louisville, $3.50
per 81 900 premium on all sums on New Or
leans, $4,000 local open all sums. Prime
commercial sterling, sis9@As2ls
Nothing was done in local securities today
AT the stock call board session there were a
few bids and offerings but no sales were reg
istered. During the past month there has
been no change In the tone of the market,
quietneas and strength having been the
CHARACTERISTICS The Manhattan bank Feb
ruary circular states that "sincc last report
Tennessee 3's have advanced nc; Taxing
District 4's-O's g; Taxing District Cs, ilic;
Gas Light company rs, 2ci Cotton exchange
Gs, 20; and Tennessee Coal and Iron 6s, DC.
Speculative securities are dull aud neglected,
insurance stocks especially So Rank stocks
are quiet and firm. At an adjourned meet
ing Of the stockholders Of the Mississippi
a Tennessee Railroad company held January
25, the recommendation TO issue 81, 600
new per cents for the purpose Of retiring
the present outstanding sper cents, as also
floating debt, was unanimously adopted.
The Memphis Gas Light company paid 3per
cent and the Merchants Cot ton Press
per cent. dividend since our last, and the
Vanderbilt Insurance company collected
call of 10 per cent"
The local cotton market closed quiet
sales go bales Considerable interest has
been felt on change over the European
situation or complication, but the buoyancy
of stocks In the London market and the
tteadincss Of consoli aud other foreign sccu-
rites caused by the pacific speech of bis.
marck quie.ed all anxiety, and yet the New
York cotton futures market was lower at
the close today.
Al New York pots closed easy, and, as to
futures, q. l.. Greene a Co. say; "rhe mar
ket was slow and dropping. Values lost
about points closing OF the lowest, with
tone slow aud somewhat tame"
New Orleans spots closed easy, with
futures quiet and OLA TO o points. Liver
pool wa. quoted steady demand fair, with
futures barely steady and up point.
In regard 20 the grocery trade the New
York Commercial B,hisiin Of latest date states
tha, on the general wholesale market there is
little really new 10 be found. Operations In
actual goods are Wit lout noticeable volume,
and conducted In manner that clearly re.
yeals the cautious undertone controlling the
action Of both buyers and sellers and the
apparent impossibiliiy Of stirring up any
immediate vitality. There Is, however, a
good degree OF hope expressed regarding the
future, and Il Is calculated that oonsidera-
bic amount Of backed up business will
come IN ~ soon A. interior operators feel
they can move their investments with any
degree Of promptncss. The operations today
nave Nftfi tule ihii ~ ANi'f "AAt'hA hAhiH
ing about any iUportant changes In values,
though ooiic. shows up with hrmor appear
ance.
The local markets are steady and un.
changed
IMPORTS.
Ten pkgs butter, 81 rolls begging
Gi pkrs bacon, col pkgs boots and
shoes, is,s0i, bu corn, 10 pkgs cheese,
900 sks coffee, i2j brls cement, II ,s6i Ak
cotton seed, 3 cars cotton seed, 500 SKIS cot
ton seed meal, ihJ pkgs dry goods 81 pkg
eers, go brl- -four tO0l bales hay, i36 pkg
hats. o. head hogs 30 head sheep, q heat
cattle, ~ head horses, sos pkga lard, 5000
lumber, N pkrs liquors. 40 brls meal, 3
brls nolass'es, DO krs nails, 1900 bu oat'
$50 brls onions, 30 brls potatoes, Is cal
pork sides, pkg rice, ~ hhds sugar, q
brls sugar, CSS pkgs tobacco, 7,soo,bu whea
ELEVATOR REroRrs.
Tho following shows the amount Of gral
received, withdrawn and In store by rcguli
elevators, as.rcportcd 10 the Merchants r.
change today COm--Rcocivcd. lbs hi
Withdrawn, 2535 bu; IN store, lh3a2 h
Oats--Reccivcd, 7O50hu; Withdrawn, "a.
bu IN store, -, 49, bu.
nond- and Stocks.
III. f.II.svfuf, ftgf Il enrrrffaH rf.utttar