The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-05-25
.lyerpool weekly statement for Tho wcok ending
GENERAL MARKETS.

Inc quotation llNls sun remain unchanged,
business quiet At the grain Call Board to-
day a sale was made Of car June bran At
! Si20o Grain In siorc nj the elevators: Corn,
! -, $50 bushels; oats, lI,O3O bushels. At New
Orleans sugar market better feeling pro-
vailed and holders were unwilling to crowd
sale. refined sugar Is IN fair demand at
steady prices. Molnsscs quiet aud firm, rice
In good demand at quotations.
Il. q. Dun & Ca = weekly review OF trade
says The reports this week arc morc en-.
coumsiug. There prc decidedly better crop
prospects aud o better feeling In the
| bmuoh,, ~ industry and trade which have
been most depressed. Iron. coal aud wool
look better, and better trade In cotton Is
expected TO follow the large auction herr on
Thursday. Greater activity and better prices
in the stock market reflect feeling OF In.
creased confidence In the business outlook.
Wool Is shade stronger. because prices
asked by growers are much above the mnr.
kcis but there il little " any change a. yet
II the attitude Of manufacturers. The aver
age pr.co oi l0i grades Of wool on the 10th
wins i.i0c higher than May /. Tho auction
Of about a, $4,000 worth of cotions brought
prices y per cent. below those Of agents.
aud u il expected 10 form basis Tor more
confident trading hereafter. Cotton u Lice
stronger, and exports as we'll NJ receipts now
fall Ear behind last years but tho crop re.
ports from the souih are generally fayom-
bic, especially from Texas
There Is better feeling. but A. yet
without improvement Of prices, In the iron
aud steel trade. while southern No. 1
foundry isstill freely offered hero ut siG. the
higher grades Of No / Western are taken
morc freely at sis at Philadelphia, and Il Is
hoped that the decline has been arrested.
liar iron Is In better demand: plate and tank
arcwantcd 10 the full capacity OF works.
structural iron IL fairly active, aud the
Aforesaid business In wrought pipes Il at
advance; but In rails no change appears. aud
the run Of small orders u at about s.8 - at
MILL In anthracite coal an advance in
prices June il announced. Lead II weaker.
Tin has advanced abroad, and sells here at
2Oh cent. Tho agreement to hold Lake
copper at u cents 10 not expected by con,
sumcrs TO prevent further decline, and the
buying IL therefore restricted.
2 Accounts irom interior cities nrc without
important changes anywhere A. Milwau
. kcc trade u LANCER than last years but 4,
considered Disappointing, o. Il falls short ol
i expectations, aud that !, probably the fact
at many other points. Collections. however
nrc rather slow thcrc and not over good nl
Kansas City. Money s everywhere in sum
client supply Tho Western distributing
! ccnieu arr an exceptionally favorable croI
, prospects which arr also felt In spcculatiy,
markets Wheat has declined ic 90 s2i.c
, aud was oven lower during the week. oati
have declined nc, and corn 'sc. with mod
I crate sales. Fork products are shad,
o weaker, aud -four 10 10 20 cents per barre
lower
"a little Improvement appears In exports
about Per cent over last Gear for thrc,
. weeks II May, but the Increase In Imports Z
Z about II per cent II Is an evidence OF 10
y viyinF foreign purchases Tor securities thai
, gold does not 80 out more largely. III,
Treasury does not interfere aud offerings 81
4 bonds are light H. about a month onl,
. S5Oo0oo have been purchased at i0s
whereas over s0OOo,0oQ were bought LAS
year In the same time at lower prices Th'
. Treasury has taken IN during the week onl,
y 10000 moW cash than II has paid out
. The local money market Is amply supplied
and steady at per cent on call. aud forcigr
70 exchange fluctuaics scarcely at all In short
no signs Of monetary disturbance appear
The failures number pa ne compared will
4 2i2 last week aud 227 the week preceding
" For the corresponding week Of last year, th'
4. figures wcrc 225"
Chandler. brown a Co, OF Chicago, wires
= their Memphis correspondent as follows
\. Wheat closed firm nj an advance notwith
4. standing heavy telling Of long property
o. Gables were strong aud higher. which
Il. encouraged good buying for Investment
The advance. however was mainly aiiribu
table 10 the big demand from the shorts
o. who bought heavily from the opening q