Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-08-08
FINANCIAL AND COMMERCIAL.
MHsrpurs Ar0fisf 7 fegg Z

| Inc D10kS report money easy bO-uay
with no diminution in the business call
for loans, both on colIstersls and good
mercantile paper. Nearly all our
moneyed institutions are doing a little
in the way of loans, and it is hoped that
the worst OF the season has gone by.
From the country the reports which
reach us are generally favorable. A let
ter from Pine Bluff to the mercantile
agency of r. G.. Dunn & Co., of this
city, Is but the counterpart of several
others received by US and others from
various sections. The letter says: For
ten years there has not been more aus
picious prospects for very large crop in
Arkansas than this fall promises. The
consequences of this is, that there viii
be more money here than there has been
at any time since the war. The farmers
will be enabled to pay up their indebted
ness to the merchants, and they will be
rather flush early In the season."
Balances show some improvement over
last month, and collections were better
than anticipated The demand for ex-
change is improving, while the offerings
remain light. The buying rate on New
York is steady at par to &c premium,
while there is some variation in the
checking rates, which are l09sc pre-
MUM. Selling on New Orleans, ST..
Louis, Nashville, Louisville and Cincin-
natl at 4c premium.
Bonds and stocks are nominal. The
demand for money for business purposes
has caused some diminution in the de-
mand for securities Of all kinds, and we
could learn Of no sales to report. City
bonds were offered at SIC without buy
ers.
Gold opened in New York at 1880
and closed at 1475c. We quote at I45@
I46c buying. Selling at 147c.
The New York stock exchange
quotations at noon to-day were as
follows: Coupons Of 'Sl, 153 ;
do '62, 144 do '64, 1O4; do '65, none
do new issue, ST; do '67, ST; 1O-4Os, 81
1905, both series, none; Government
bonds, steady; old Tennessees, -; new,
not quoted gold loans, 81; sterling ex-
change has declined I0@l0&.
City scrip is dull, there being no de-
mand. Brokers are generally indiffeF
eat, having, we presume, enough Of scrip
and ledger balances on hand to supply
the wants of applicants. We quote at
70@72c buying. Selling at 76@8Oc.
There is q better demand for Police
scrip. The taxes on privileges are fall
ing due in many cases. Holders ask re
70 In k,Tl F.,, Of
T5c.
County warrants are in moderate de-
mand at 50@54c. Selling at 55@58c.
The Liverpool cotton market to-day
was steady at the opening; Uplands,
9s@94d; Orleans, 9s@l0I, and closed
steady at unchanged quotations. Sales,
10000 bales; weeks sales, IS, 600 bales
for export, l1,000, and to spectators
5000 stock, 5Sl 600 bales, of which 269,-
900 is American; sfioat, 703, GOO bsles, Of
which 5000 Is American.
The New York market opened dull
and nominal; AIiddlings, 29e other
grades unchanged and closed dull at same
quotations.
A sale OF bales occurred in this mar
ket. The list ran about strict Low Mid
dliDgs and was taken at &c. Two bales
Of batting cotton was also sold at zoe
The stock yet unsold will not reach ten
bales.
COTTON STATEMENT
CHAMBER OF CoANERCE. !
MEMPHIS, August Z, 1883.
stock on hand Sept. l, lS57.......-...... l,Os0 |
sscsi, @ o3 os m
24I6l |
Exported to-day 10
Exported 10 254,lS0
stock on "a
APPLES-Good demand. Choice are
selling at SE(9R 70 per barrel ia bulk. IN |
eriOr dull al 75c69S1 80 per barrel.
BRAN-Stesdy, S22@24 per ton.
BUTTER-Demand active for choice |
vt 33G35c; common, 25@30c.
BACON-Prices are firm with good |
demand. Clear sides, 174918c; Shout |
iers lS4@l44e.
BAGGING-Demand very light as
yet. Kentucky hand, l73@l6c; ma
thine, 24@263; India, 28c.
CATTLE = Small supply. Choice /
,eeves, 64(974c; inferior, S@5c.
CHEESE-Prices nOminalIy I4@17c /
or w. r.; factory and E D., =.
COFFEE-Firm at 23927c for Rio
lava, 4l@43c.
CoRN-puIl. Offerings were liberal
Z SOC on Ievee without buyers. The
liberty brought 12Q sacks from White
liver.
CORNMEAL-FaIr demand. Fresh,
a 40(A4 so Kindred, 81 %. These are
evee prices in lots. From store, 81 rs.
CHICKENS = Good demand, with
mall stock. Young, 1904; old,
a 5O95.
FLOUR-ChOiceg grades steady. Super
inc. S797 so; Y, S9(99 so; Xxx, Sl0J911;
XXX, ana fancy family, $12914.
HAY-S.ock very light. Held at
,20@22.
RAMS-Plaln country I7@I8c; plain
17@1S4c; sugar-cured can
1assed 19@2Ie.
HOGS-Few in market and demand (
light at 5954c gross.
EGGS-Stock light. Fresh are sold
'eadily at 16@l8c.
HIDES-Receipts light. Dry flint 20
92lc; dry salt l7@lSc; green salt, 100
lie; green, 8(9Gc.
LARD-Prices are firm. Kegs, 20@
,04o; tierces, 19@l92c.
LIME-Eureks, 81 25; Alabama, Cape
md st. Louis, 81.
MOLA6SES-L Light stock. Sugar
house, 65c@$l Porto Rico, 65@85c; Syr-
Fps, 75c@$1 25.
MESS PoRK-Light stock and firm at
:31@3l so.
OATS-No. we quote at SHE in lots.
Held at 60965c in store in small way.
OIIS-COai oil 3S(042c: lard oil 81 40 |
al zoe; linseed, 81 20@l 90.
POTATOES-GoOd demand for sound
It 81 50@2 % per barrel.
SALT-We quote at SO 2563 50 for
bushel barrels; 7-bushel barrels, So 70
"A
SHEEP-firm at $2@3 so for Tennes-
zee S494 so for Kentucky.
SUGAR-frn; prime tochoice Louis
ans, l6@18c fair, l4(@l5c; Island, 1870 |
I6o.
TAR-in kegs per dozen, SIS 1906.
TOBACCO-GOod stock and prices /
firm with only small trade doing.
WHEAT-Active local demand No. |
|, s2@2 10; No. 2, 81 85@l IS; inferior,
81 65(9I 20.
WHISKY-Market Irregular. High |
wines, 100000 in bond.
TELEGRAPHIC Markets.
New York Market.
NEW YORK. August Cotton dull and de- |
Ginning sales $50 bales; uplands 299291zc. Rice
4 (Nr,f1n Sugar MnlaSseg I.