Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-09-10
MEMPHIS APPEAL
FINANCIAL AND COMMKRClAl.
OFFICE OF THE DAILY APPEAL,
HENPHR- SenfamhRr g 1888 [


The general markets we're moderately sctIve
today, and prices, It viii be seen, are about
the same as at oar last. The weather which for
some days has been clear and warm, Is ag 2in
cloudy, and indications of rain are strong. The
crop reports which reach US are of a mixed
character, but al agree as TO q great falling of
in the cotton crop, owing TO bad weather and
worms.
The money market is quiet, and rates OF dis
count are unchanged. Toe demand for money
is very fair but not urgent, and IN most cases
our banks are accommodating; bat we hear
SOME complaint nom No. houses about the
di1nculties which they meet in negotiating.
Exchange = Offered father in excess of the
demand, and the buying rates are tending
dovnwRrds. We quote buying at par on ali
points, with but little disposition to take ali
offered AT that rate. Selling al = TO a pre-
MUM.
The stock market is quiet, with no sctivity
In the inquiry for any particular class OF securI-
ties. A sale Of IS shares Mississippi and Ten
nessee stock occurred at loo also one LIST mort
gage bend Of the same road at 60c. This latter
was rather above the market. S3fp city bonds
were sold by . brOker At SIC.
City Scrip remains In stata quo. The 6ner-
ings are Light, while brokers do not eyincs ans
anxiety 10 buy. The most of this money!
held either by dealers or those who are able 70
retain il, and no especial demand is looked for
for some time TO come. We quote st z2a74c
buying; selling at 76S7Sc in small amounts:
sllO were sold BY a broker at our inside quota
lion.
County Warrants are steady at 5ia55e buy
ing. Though the time for the payment OF tsses
Is asst approaching, our dealers are not dis.
posed TO accumulate, but are holding their
means wen In hand for the movement OF cot
ton. To do rs with the AmiteI banking can
itai at their disposal, they are compelled te re-
stnctthelr operations ia ali kinds OF securities |
ana merely keep enough on hand for present
wants. We quote a few sales at 81 Ss7e.
pn1faa Gnwfn a 49,. --srA 80
ing stTci selling al Soc.
Gold epsnedl N New York At HES and CLOSED
at Tie same. Weq1ote sale OF 500 at l4sc.
SiO53 at l4zEc. Selling at Is5JsdIs4c.
The New York stock Board quotations were
Al noon today As follows 5 2s Of 81, IA; OF
%, lS1s; OF "a, ~; or Is. II new issue, 81; OF
dull ~
number Of well executed ten dollar notes
on the Mutuel National Bank, Troy, nave been
passed here. It's supposed thousands are in
circulation.
Before The war " We sent south yearly NJ do
nestle goods, Szs0-c9,o0o; OF imported goo.s.
SiOoYtOOf,Od. We charged her as iatsreSt ana
brokerage, s6S,2e,0u." Isn't this business worth
recovering asks the Philadelphia Age.
Asum OF z55,UG0 in gold Has sem into tha
DuLl0n ONCE o. me BANK 70 day. ms amount
mostly consisted OF american eaxIzs upTeb -
oeen refined, and a further Large supply Is sx-
Pec,e1 10 Dc TAKEN there Tomorrow.
NO seversr OF more telling parasranb M,
ever Peuned concerning Radical misgovsrn.
ment than the above, winch we tax. from r-s
LONDON IeegTGph Of August ism. 1t Is among
me glorious nrss fruits o. RsdIcai misruIe. thai
whilst We are forced 10 make use OF irredeesIs-
DIE paper money worth about ssyeuty-dva
cents on the dolEr, the bsnk OF Eaglznd is
receiving and melting up our goId
On The same day We nave the further cons1lfny
announcement mat Aezsrs, Barring Broth.rs
NereI receipt OF one million OF collars, also ]
in A mArraan Em1H 81, =
Inc nrst lnsJaI-ment OF the seven millions nav.
able by The C8lESd States Government ~
hussia Tor The late purchase Of Iae Alaska
LerrlIoFy- Nor Is this drsia uDoD
our resources likely 10 cease. k1ert :
hundred millions OF United states = !
,1I-es are now held In EUROPE. Tins de-
'rlVes us annually OF Iorty-eignt miIIeos -,
'od. Moreover, We have lmpOG ted nom fo-
ign counties, Al s gold Valuation, since 1ba
81 o. January LAst, goods to the amuupt of,,a
i1AuAeA aIG -OEty-nVe IA.lilOnS OF doIlsr.
Ing me SANE PERIOD our e1 pOrts, gold va q
81 HO1L' % 0ut A1ty-on { millions OF dol y
4he baAnee o. t.ade Egaiust "a 1or tna
.AsI sgnt months is, therefore, no lAss ~
isHtSHiHIee millions OF dollars, ali OF wbicb L
11st Dc met elmer by tuTther payments a,
O4o or py tae SAFE gilmore Governm mem bopdS
eafng interest pay able in gol0. The auaDl
-. commercial outlook under Radical
ul7ls eerislnly By 40 means encouraging. :
The Liverpool cotton market today opsnsd
esyy-Uplands, l3s1; Orleans, l0-1d 80
.Osed easier but net quoted lower. sales 10 :
U bales. Shipments from Bombay Tor tbs
80 weeks ending Sth inst, IOl,O0o bsleL
Inc New York market at the opening w,s
III aud tendlIg wnw ardS-Middings ISL,
rleSns, ~ II closed dul with prices ~. -
"a nominal Low Mddlings, 25Lc; MIddlinS- 4
c. orleans, zstzc; Good MIddIings sII9c "
'Les' IWo bales including 200 bales foT deIfv.-- 81
November and December at &c. a
CuL market was quiet and prices were tend
lddLngs was 2c, al which holders w. - -
sPosed 10 sell, though two bs3., - S,-tot n
lddAngs were soid at 28e. Or ~
but a. yet there Is no Coz -