The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-16

The local market remains steady an an.
changed ns to quotations
Amount ~ grain Ia store nj the elevators.
Corn, 5ii,s bushels, oats, 51,AlG bushels.
wheat, lJ3 bushels
H. q. nun 4 Co s,y, Actual improve.
mcnt In bushes, continues. The upward
movement in prices. which wa noticed Last
week. has not been sustained. the general
a,cmrc iur cummuiItIr, being about half OF
per cent lower thnn week ngo.
Tho output ~ pig iron hhs diminished
The furnaces IN blast February were prn.
duciug li7.iii tons weekly. against 10, go
Jauu r. I. @ decline OF % percent
Tho nil cuisines, Is stngnaung only
three mills out Of fourteen now running
TIE plate and tank iron trade il dun, and In
structural iron the business is slow. There
Is cutting in sale, of pig iron by some Nor.
thcn us well as Southern furnaces aud pur.
chnscs are generally confined 90 immediate
needs. Tho ,otl taidc ia depressed by over.
production and cutting of rates The copper
market has been weaker abroad and conflict
ing Wmon about the refusal NJ American
mines 10 contract with the syndicate arc cur.
rent Sales q lead have reached i.iOO tons
with prices declining 10 $50. The tin mar.
kcl Is dcmomlilcd with sales nj 81 %.
wheat has advanced L. Tor the week
Atlantic exports vcr, in i've weeks ending
February only 2i2 $50 bushels against
i,,6LgJ last year. aud. Of nour, I.5OO
barrels, against i,O325l2 last year This.
compared with exports of io.ii5. 3l5 bushels
u corn during the sumc weeks, against
l,52s, go last year, shows how the foreign
trade has been affected by the speculation
which holds prices Of wheat NJ Chicago Ear
above prices nt the scnhoari. Corn has nd.
yanccd but 49, with sales Of pOUO. on bush.
els. aud oats n-c unchanged. OH speculation
lin, lifted the price 40. with sales of 700.
ono barrels herr
Cotton with sales of $4,000 hnl ~. and
coffee. With aIcs II 1u'oID b1s. have each
declined 'sc, aud pork IN Hiy lower with land
20 'sc lower por iuO pounds. The dry euo "
| operations. a. in other branches of business
are 10 some extent rIaplyl by the close
scrutiny Of creditors which the slownc,s Ut
collections in many quarters naturally
| prompts, but the reports from the interior
| in that respect ur this week rather more 10.
/ yumhlo than before. Clearing, through
banks last week wcw isl per cent lau,cr
Than o year ago outside of New York, only
seven cities reporting amy decrease Of which
san Francisco Minneapolis and s. Paul
were the most important Tho stock market
| has been stronger on account II the covering
| oi short sales, but more discriminating iu
is temper than usual. Moot ~ the grunecr
roads are weaker aud the failure to
st tho presidents agreement signed
/ by oil the companies has press.
/ Ing influence Evidences that agreement
| BE- actually cyalcd Arc accommodating. and the
baltimore receipts II corn are especially
noticed The exports II merchandise have
been larger and imports also show a large
increase The money market has been easy,
rates on call declining from 2it to ~ per
cent, and the Treasury hbs disburcd durng
the week ~, $4,000 more than II hos taken
in, but the dccwasc In the circulation Of ~.
Yer continues.
"lhe business failures number 2sa n
compared With aW llst week. and 332 the
week previous For ihc corresponding week
VI last year the failure figured up rs"