Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-12-01

sales OF 1000 bales. Sales IN our
market amounted 10 1850 balte, and
we're at the following prices: Stained at
l2tc; good ordinary at I2l@l3c; low
middling at l3s6l3 9-l6e; middling 81
i3s@l45c, The following are the official
quotations of the cotton exchange:
yfdlnar q " -
sOod ordinary - q %
low mtouhng g i3,
AAvoii h6 ..------,-i g
1000 hlooiing -.'.las. ga,
The market was quiet; saies, 1900
bales, OF which exporters took 500, spin
ners 500, and spectators 800 bales
1874. 1873, 1877.
Receipts yesterday ............... s. $50 0g'6 $3.50
Receipts same day last week. 4s0S 2523 4ai7
Receipts since last Friday 1852 u 292 5,5g7
Receipts same time last week G,1A 1924 zNI
Receipts same time week be-
5srs,, So; 9 ~, ~ 10, 49, e,s
stock on hand ...-.....,...', AZ ilea Zsell &lE9
shipments This day ..........-... l,365 aI77 2ls5
Railrds- north, 49, south, 5Sl $50 loss 40
kiNer-no h. ~; 5 IN, -- ~ LIS ESQ
9ifto @,79 le',6s5
The following from the New York
Bulletin, Of Saturday, shows the cOndi-
tiOn OF things in the New York market:
'There is scarcely any market for spots,
and the position for the day has been
void OF interest. A few small purchases
were made on ordinary outlets, but buy
ers generally were quite Indifferent, and
few bids could be obtained on any con-
siderable quantity of stock, the wants OF
manufacturers keeping quite low, ana
exporters having, as before noted, pur-
chased pretty freely at the south on
pressing orders, and now finding The
LIVERPOOL kilograms duh and weak.
Holders still manage to prevent any sur
plus offering, and consequent pressure
TO realize; but the supply available has
been more than sufficient for al
wants. Prices are officially quoted
easier, without changing figures, but are
full high, aud would undoubtedly have
to he reduced TO attract trade. For
future delivery there has been no very
great variation in values, but a weak,
slack tone WAS noticeable throughout, !
on the nearby maturing con-
tracts, under the continued fee issue of
notices, and very little interest Rp-
peared to be shows outside OF those en-
gagged in changing off and settling up
engagements Foreign ac-
counts tame, and receipts full ana still
exerting depressing Influence, and few /
operators can be found willing to invest. I
At the close there was q slight turn for
the better, and prices ruled fairly steady, 1
but no buoyancy noticeable on any |
month"
Tbs FINANCIAL SITUATION 10 still I
one OF quietude. More money has been 1
wanted Of the banks, because there mas
been s disposition TO hold cotton. This 1
has changed the. extreme easiness Of
money some time ago 20 an approach to /
- aaaH
want for all necessary purposes. The /
banks favor customers at 10 per cent. |
Little is done in the way of loans on the /
street, where the terms are I4G2 per /
cent per month. Exchange mas been
offering literally; the rates remain pre-
sisely at former fignres. An attempt |
has been made to put exchange on New |
\ Ork and the east a. or 1 discount, tut 4
il failed for the present, ana We still quote |
New York and other eastern cities at J
buying; where three days grace 1
are required, 3; on New Orleans, +; sell |
ing on all points at psr, Gold is still on !
the advance, quoting in New York at /
ll2t; here it was taken at ll03, with a /
TO pay more for large lots, if !
any offered. The New York Bulletin, I
Der 18th, reported: "Yesterday's /
took out s., 400, 600 IN gold, aud |
there viii probably be a cOnside able I
shipment Tomorrow The New York /
Herald OF Friday, referring 70 financial 1
matters in London, says: "The notable 1
feature Of speculation has been the move |
ment in gold, which has Of late shown /
such steadiness rs to elicit more than 4
ordinary attention. The causes that I
have promoted the advance are /
Of both q foreign and local ma /
ture. The rise Of the rate Of I
discount in the bank Of England, the /
return OF American securities, their sale (
In this market for foreign account, the
irmness Of exchange, the large ship
meuts Of gOld-all these influences have
com bmed to produce the result which is
seen, aud it will not be surprising II 4
'urther advance takes place There
are expectations that the government /
viii recommend to congress a speedy re-
urn % specie payments. Ii is also
.hOught that as preliminary step the
ecUetary Of the treasury viii, at a not
Instant day, suspend the sale of govern
nent gold, with a view to the accumu-
alton OF coin in the public vaults In
he gold movement, SO far, there is no
appearance Of ring manipulation, the
purchases have been largely made Tor
,ankers and merchants, to be held for
he purposes Of trade and in anticipa-
ion Of higher figures. The advance
hus far being natural, and not fastened
" combinations Of operators, has there
Gre not provoked that. prejudice which
las been exhibited Ia other periods of
Ictive speculation. Should congress
egislate as the President is supposed to
lesire, that action will be instrumental
4 advancing the value of gold ana CIV
ng permanently to the same. The ac-
Of gold is urquesionably
he first step toward the resumption Of
pecie payments
lity currency bonds, sputeu-...... ID d42
lily tainted b0nds circular bEsis.....-...83 .-
Jay
sheillV comfy scrir -. selling. sol