Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-02-19
FINANCIAL AND COMMERCIAL
OFFICE OFTHE DAILY APPEAL
NS1rRHE February Is. lS6S.

MFNuFHIS. February 10 Aooo- ?
The gold premium early in the WeeA
was unsettled, owing TO the deiesG
Impeachment question before the hecOH-
~struotion Committee. A rush was Ma
TO sell, and prices declined in New lOiA
on Thursday last to 140Ac. IL mas si~
ually improved, however, SINCE anu
opened today at l415c, closing 81 al
We have no sales Of consequence 70 re-
port ia this market. Dealers Ofer loS 70
IS9tc, and sell at New York quotations
when there is any call, which IS hoV ne
quenL.
Currency during the week has been IN
Light supply. and ia consequence trans
actions in cotton have been curtahedi Ous
there is more esse since Monday morn
ms, and our discount houses are deSlIng
largely in cotton bills on New York ID
other Eastern cities-buying at 70 &c
discount and selling at psr. New OF
eanss sight is taken at &c discount WIZ
fifteen day bills are occasionally 'ahsH
from regular customers at l3c discouA''
checking ct to premium.
The seven-thirty Treasury notes ou'
standing and falling due June ioIh anu
July 18th, next which are eonvertleie
into observation-disclosures, amount 10 e
two hundred million dollars, and It WIA
require the full time between this ana
July 18th 20 enable the Department 70
convert them promptly st maturity
The public are notified that unless such
notes, which the Government IS now
Offering to convert are promptly for-
wsrted to The Department for that pUT-
pose. great delay must ensue in the future
delivery Of the bonds.
City scrip is dull. There IS nodemsnd
except for small pieces, which are gene
rally held from 8 to SC higher than large
ones. Brokers offer $50 and sell at 40
10 45c.
County warrants are not in demand.
Brokers are not buying. Selling at 81
10 CSC.
Police scrip is in fair demand at so to
SEE buying selling st 81 TO S5c.
The Cotton market for the week has
been on the whole active, Prices ad
vanced steadily from the opening until
Thursday. On that day prices reached
49, 70 20c IN this market, st which figures
buyers could not operate. On Friday
there was very little done, aud quota
tons were nOminally unchanged. On
Saturday the Liverpool market was
quiet; UpIsnds, s. to SD; Orleans, So
TO SD. In New York the market was
dull, with holders anxious 70 realize,
closing with 3 downward tendency. Ga
Monday 3 reaction set IN, and all the
markets were firm and buoysnt. Liver
pool closed Is follows: Uplsuds, sgd to
sgd Orleans, s. to 81. In New York
the market was excited nearly every
dispatch announced an advance, closing
excited, with Middlings 2llc; Orleans,
22}c. Holders in this market asked ~ 10
20tc, with large sales. The Liverpool
market yesterday was active sJthe open
ing; Orleans, Gid; Uplands, ID st the
close prices were buoyant; Upiands, 8,
TO g5d; Orleans, . to 94d Uplands, to
arrive, Sd $1,000 bales were sold on this
day in that market. The New York
market was very much excited all day
and closed active at full prices Low
Middlings, 22Ee; Uplands, 225 20 De;
Good MiddIings, z4tc. Our market was
like that of New York, excited, Mid
dlings closing at p to 2I4e, with holders
asking DC. To-day at the opening the
Liverpool market was firm Uplands,
g TO gfd Orleans, 81 to 9ld. At noon it
had advanced; UpIsnds, IS TO SD Or
leans, g 10 9{d. At the close the mar
ket was s%ctivei Uplsnds. 94d Orleans,
SD sales for the day, 5000 bales. In
New York, at the opening holders were
an advance and keeping out Of
market; Uplands, . tO234c; Coed Mid
dlings, 245c; Orleans, G4 to 24c. Hold
srs were asking still higher prices at Il
At noon aud until the close the
was active at full prices Up
lands, ZEc; Orleans, 24fc; Good Mid
ilings, 25c; sales, 5000 bales. Our mar
zet was active aud excited. Holders
we're afraid to offer their lists, not know
ng what TO ask, while others were ask
ng New York prices. Tie sales Of the
were large, and made upon a basis
4 . to 223c for MiddIings. Many fac
ors were asking PC and would make no
.batement, though no sales were made
[ that figure. The market closed firm
nd tending to still higher prices. We
uote: