Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-02-26
FINANCIAL AND COMMERCIAL.
OFFICE OF TnE pAILY APFEEAI.l

OEElCE OF IHE DAILY
AEHPH1s. February 3, 1858
The local money market for the week
has been without noticeable change.
Early in the week Eastern Exchange
wss offered in large quantities, but during
the last few days the offerings have
fallen of. Rates are the same on all
Eastern points. Buying at to dis
count, and selling at par. New Orleans
sight is taken at to discount and sold
at Is premium.
The Gold market is less lourishing
than might be expected under the ex-
cited state Of affairs in Washington. The
premium is somewhat advanced since
u last. It opened to-day in New York
at 1929, and closed atsame. Our 6roke
in some cases have sold short, and are
buying at rates very close upon New
York quotations. Small lots, early in
the dsv. were takea by brokers at l4l.
We quote selling at New York rates,
though some dealers are asking even
higher figures.
Police Scrip is in good demand.
Brokers buy at so to sSci selling at % to
SOC, as to amount.
CITY Scrip is dull. There is q large
amount upon the market, but 1t is IN
large pieces, and mostly unavailable.
RuvinT rates sre, in consequence, very
irregular. Small warrants VIII Dflhg
readily Sc on the dollar more than large
ones. We quote, SO to 4Oc buying sell
inc at As to soc, though a round lot could
be bought st 4Oc from dealers.
County Warrants are dull. Buying at
soc, and selling at IS to soc.
Our last weeks review of the Cotton
market closed with Middlings active u
excited at - to 22lc. On "Wednesday
the market was &c better. On Thursday
the Liverpool market was excited ana
irregular. while the New York dispatches
ouoted that market active at 245c for
Tolands. Another advance occurred
here on that day OF &c. On Friday all
the markets were active, and quotations
on that day in Liverpool reached the
highest point attained during the week,
1. G., Upiands, 105d; Orleans lO5d. Inc
closing New York quotations were as fol-
lows: Uplands, 24c; Orleans, 24le-23 to
2slc were the prevailing rates here.
There was a decline OF d in Liverpool
on Saturday, and in New York there
was 10 business done-it being Washing
TOMS birthday. Here the market was
dull snd prices nOminsliy lc lower than
on Friday. Yesterday the Liverpool
market was heavy and declined. New
York epened dull and nominal, and
closed with g fair demand, Middlings,
229c; Orleans, 23lc. Our market was
very quiet, and prices nominally Il TO
2ILo. The Liverpool market today at
the opening was eclining, Uplands, sgd
Orleans. ed. At noon it was quiet and
unchanged, but at 3 pm. it was hrmer'
with Uplands to arrive, 93d. The New
York market was dull ST the opening,
and prices lower, Middlings, 24ci Or
leans, 23e. At noon, transactions were
small and prices declining. AT ! pm.
the tendency was still down, Low
Niddlings. 2Ilc; Middiings, 22ci
cod NiddIings, 23Ic; Orleans, 22sc.
Atap.m. there was a change. Holders
were asking higher prices, VIII maLAe'
firm, Middlings, 22Ic; Orleans, z32i Low
NiddIiugs. 2I8c. At the close the export
demand wasgoOd, and prices hrm' sales
bsles. Our market early in the day
was dull and depressed. Holders were
anxious. but not disposed to crowd the
market. except where parties were urg-
ing 10 g sale. Several small lots changed
hands on 8 basis Of zoe for Middlings,
INT after the news came in prices
up at least lie, and closed
l TO I3e better in the estina-
Of dealers, while many factors would
not take less than 22c for the same cot
which would not have brought ove
Doc only q few hours before. We could
learn of but few sales late in the day,
though several large lists were bought
as the news was received. The mar
ket closed with a strong upward ten
faucv.