The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-06-29
June 2s, Issa
GENERAL MARKETS.

business continues quiet rnd local quotations
are unchanged. New potatoes arc drug on the
market aud are selling cheap, loose from wagon
Apples are scarce. and In consequence somewhat
higher for good stock. walcrmelons arc selling
at from go TO SIS hundred aud cnnialoupes FROM
o. TO si.tO per dozen. There has been a compare.
tive failure reported In tho southern watermelon
crop, owing 10 too much drouth during tho season.
and dealers look for higher prices owing TO scarcity
OF the luscious iruit Grain In store nj tho elevator,
Corn, 20. 2ps bushels oats. T., 2Si buthclA
At New Orleans sugan arc In good demand with
the market ban Of open kettles ccntrimgals active
nnd strong. MolassCs Ia fair demand. Rice active
and strong. Cote dull and CASTER
Chandler, Brown & Co, o! Chicago. wired their
Memphis correspondent as follows "Thc decline
In wheat Yesterday got the crowd bcarlsh again
and created a now short Interest The greater por
tlon was covered today ON the advance. Hutchln-
son, Linn 4 BAKER. brokers, being good buyers.
The won't crop news from the Northwest crmc to.
day. the crop reported badly damaged from drouth
and hot winds While caution l. advised on buy.
Ing on the advance. We believe the situation strong
enough 10 warrant purchases on q break. Hutch.
inson's brokers sold freely during the last hour
curb. - bid July"
v q. Dun a Co.'S weekly review Of trade says
III has been n week OF considerable animation Ia
speculative orclcs ana Of heavy general trade
depends IN largo moasurc At this tclkon nion
erO,. protpccts. ftfv-nnr enc5tiiaelns 20 and the
reports IN this particular arc unusually iavorable
the only noteworthy exception being some damage
10 cotton aud gran from ircqucnt rains Il reported
al Galveston In the Northwest the grain outlook
Il particularly lne. rtcat Improvement being 10.
ported In quartcu where thcrc had been some ap-
prchcuslou. with crops Of unusual maenltudc
highly probable aud with the general volume OF
business 20 maintained that an Increase OF 20 per
cent over last appears In clearing. house returns,
the prospect Il not gloomy.
"Dctrolt noica quiet business aud Kansasciiy and
Omaha report tair activity, Al Milwaukee Improve.
mcni il seen with grcaicr activity aud At Glove
land aud i'ltsburs the irun aud other trades con.
tinuc 10 mend. The glass factories have about all
| closed Tot the sumner Coal miuing on the No
nonvahcia Il dull. Collections are stlll slow AZ
Milwaukee, but At Detroit there IL similar i'm.
pro,cmcnt The money mafkc. continues amply
supplied.
"whoai advanced cents. with sale. Of ?Looo.o,o
bushels on "wednesday and o.. OCO, 600 for the week
but all accounts Of harvesting thus ar are sat,iac.
tory. Corn aud oats have declined each fraction
and coffee isstli sold heavily. transactions ior the
week rashing $1,000 bass, aud has declined hall
n cent Fork aud ~ products are all a little
stronger The general average 81 prices has fallen
'Ihe speculation In trust stocks has been rmArk
ably active. The stock market has not been a,
strong ~ some expected. The state Of the anihra
elite coal trade causs some hesitation, for the trade
l. dun and weak. BALES much below the nominal
prices aw reported In the iron business thcrc Il 4
stronger FEELING nj all points. with qhotablc I'm
proycmcnt In mill iron Dat bar iron does mol
improve Rails are not changed In price. nor on,
lsrrc transactions reported Al risburg aud
Cleveland the stronger feeling siiil pTcyaiiA
"Thc money market has siiaencd 70 some extern
here a. a natural after the heavy exports OF gold
but tho Treasury las paid out during The wsel
about tloooOO mon than u has taken In. AMI
there arc accounts 81 continuing receipts from N,
Interior Thrv Il where Observable any aelua
tirlngcncy. nor Il apprehension noilccably innucn
tial Indeed, u Il one Of the phenomena vhiol
most dcscNc attention that thffc II generally prev
alcni feeling Of ccnadcnt indifference 10 ehangci
Of the money market, apparently based upon ialtl
that In any event the Treasury will control th'
situation. Tho exports Of merchandise iur ion
weeks have been about u pcf cent above last year
The businc- iaiiurca number rs, ~ compare.
| with pa last year and 30 the wcsk prcyiouk No
the corresponding week Of last year Tho ngurc
were ul"