Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-12
FINANCE AND TRADE.
Kidding Cotton Is TO is I-4c-Ex.
chsHge lI2 Discount to Par
Gold liz Ia.
Arrivals Of BrOduce-Priees In COnfu-
siOn-IndispOsitiOn TO Operate.
Fire and Finances Exchange in q
Quandary-Hall Street in Purga-
tOry-Care, Canton and
Calculation.
Cotton Under DinicUlies-The Descent
Of the Prices exporters Running
the Machine.
OFFICE OF THE DAILY APPEAL,
MONDAY, November II, lsT2.



AT the close Of our last weekly review mid,
Tlng cotton quoted 1870 In New York, i0d In
AINerpool, tesc In New Orleans. These Wert
a. declining prices; the same day The pre-.
leans l9he, and on the LIST Iivurpoolw was quoted
AT iWsd. The receipts thts day week were the
iaIset o. any previous day OF the season. as
uAles. FACTORS were eager 20 sell, but buNen
49, cauuOns on account Of the decline else
Wnere 200 bales changed hands at iSH9lSze
: THE5sqbnnS 1gelnst re The day before
no onslT1ess done in New York, Liverpool dun
a. .o1r New Orleans heavy al 5oz9l$fc. This
tatte rate brings New Orleans and Memphis
20 IN equality IN price. Our market was very
Feave; q very close money market made hold
ers pressingiy eager TO sell and ready and will
ling 10 make concessions where prompt pay
ment was offered. The inquiry was active, and
SMO bales changed hands at @ decline, mid
WfDN1ESDAY-Faning prices were aoain
the feature Of the telegrams; New York, l9lsa
1el4c; Liverpool, SD; New Orleans. lS3Sc. As
Jae telegrams containing the descending scale
OF prices our market became weaker,
especially in the lower grades u rates went
down another &c; I7D bales were sold at 49,
HlNlc for middiing.
THURSDAN-There waSalfttle more cheer
IuInesS IN ne position OF cotton on this day
rom NsW 4ork quoting q slight improve
HXSSt1t. -, LsNetPoot go, New Orleans ls3se.
y uttte more nrmness existed in our market.
but there were still Irregularities, owing 10
concessions thst were made on sccaunf Of
lhe extreme tEhtneSs of money. BUYERS were
in securing lots on advantageous terms.
and 2l5o bales were sold Al 1Sl{@IS4o for mid,
ding
FKiDAY-New York was UNCHANGED. ls,ze.
Liverpool lower, ed; New Orleans un-
changed, lSsc. There was a fair INQUIRY in
our market, but the decline in Liverpool was
unIaNorabie 70 buyers for export; the lower
grades showed some heavfness; leO0 bales were
sold al lSl59isKc Tor middling.
SATURDAN-New York declined. ouoting
- 81 Liverpool repeated the I'D OF the day
before; New orleans, lSsse, as on the three
previous days. Buyers were inactive, especial-
~ those Tor export, a change Of the rate Of
the Bank Of England fnom 6 TO : per cent.
being unfayorahle 70 their operations al
though the disadvantage was partially COM
penslted Tor by a change in the rate Of gold.
N1lcA mad Isen 70 n5<, against ls the day
sales amounted to 100 bales al unchanqed
rates lefGle5Ec for middling.
TODAY Was greatly Al
LecJeu Dy me Boston IRE; Eastern buyers were
: 4eEaLy q Of the market, and the amount
~ business would have been slim indeed but
loI me export buyers, who were able 20 oper-
wing 20 the sharp advance Of gold being
IN Jhelr favor. New York quoted lee dull;
Liverpool 4Ed duh: New Orleans Issc dun,
mere was intense anxiety to sell, close money
A realising Of the cotton an abso-
ute necessity in many cases, Where les
- re existed there was more frmness the
9ud was an l~rregular1ty. A buyer who took
aH- important part in the Transactions Of the
Jay, assured as that he found the taking"
rate vary nom = % e In dinerent Offices.
sales amounted 10 1850 bales az about the fol-
rates. a lot Of mixed sold at I6lsc.
ordinary changed hands at 16Gl61zc; l6L
al4c was given for good ordinary; low md
d-lng, u Sis9Is5sci but middhng changed
hands generally al lSzc, although parties re-
port having secured lots Of middling at lgc.
mere were 1eW sales OF superior cotton. but
founds some strict middinr AZ lsIyc- ana
az Hc. There was too much irregularitv
10 allow quotations 10 be OF much value, and
u shows that middling and above were rela-
lively M cher than the grades below middIing.