Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-10-21
FINANCE AND TRADE.

FINANCIAL MATTERS showed not q
single change yesterday. Money Is 20 be mad
al 10 per cent. per snnUm At The hanks for
Dgif-elze- paper; on the curbstones it IS Of
ferfae no per cent. a month, but paper -
-rod as is taken ar the bank is insist
I'd upou so but little is done. Exchange, as
t-rataral with cotton ieiliDg freely, IS oneT-
ing In large amount; rates remain unchang-
ed buying AZ = discount on New York. Bos-
ron. and other eastern cities; sight, y; New
orleans. q; selling on all points at par. Gold
is stlu stagnant at los, selling at no STOCKS
bonds and scrIps are stu without movement
on the market for sale was $500 city gold
bonds. with the November coupon; ~ asked.
THE COTTON MARKET yesterday again
showed a good deal OF activity, but the full
sales OF saturday and Monday kept some buy
sTs out Of market. they had to attend 10 their
shipments. TeiegramS, while less lugubrious
than The previous day, were sufficiently
Gloomy Liverpool, which has hitherto stood, /
uuchanging. "tne pittiless peluings Of the pas
sionate storm, 50 Iar gave way a. 70 telegraph
an "easier though not Quotsbly lower mar
ket" New YORK closed weak, while New Or
leans nsd a good demand Win moderate Offer
sngS. There was one mOveless rock in The
tempest. norfolk telegraphed "nTm." Our
market, though less demoralizec than on the |
preceding day, was not iree nom irregularityi
sions from holders. Prices, as reported in re- /
ply 90 Inquiries, were follows: Ordinary, /
lie: good ordinary, l55-c; low middling, 1917 /
1879. 4. ana l15sc mlddling, IS . Il and litsci
20 q m ddllBg and fancy, Ia, l3s and l4jso-
The official quotations show some changei As 1
follows;
Good ordinary !, z = lo7a
Low fuluullns = z q =
Midi g s.
Sood ----ia se5iAss
There was a fair demand AZ these quota
me New York BuUefia, october Il, reports
"a few transactions are reported in spots on
domestic and foreign account but the market
was withOut any general animation. and The
Isl a= q matter Of positive orders or necessity
fdr filing frelght-rOOm- etc The supply Is
Cd. offered with caution. and holders are care
fuI not 70 allow a suTplus % appear; but there
is more cotton available than can be used at
rbfS nofnt. and with liberal offerings al the 4
naturally eaken. To-day there Is q decline
OF &c per pound, especially on the upper l.
macs and al the clos the feeling was some
what nominal. though apparently not much
CO. lIe4cs felt IN anT lmmectate reaction,
b. fuL receipt. AZ the ports, ana q I
". esIz 4 oil. rT0ue al Liverpool having a quiet
ing tender cy. II nothing worse FOR future
d--. e-r J.rlre has been considerable activity
and excitement, with some nuctuaUnns "a
value ng TIE Gay. The tendency how
ever. wa downward, and there is an estab
Is-lrI decline along the entire line OF con-
tracts, with the feeling Al the close no better
-Hn1 barely SIea IS, aud some operators think
b. sIou q be called heavy As before, we have
The result % chronicle without being able 10 !
trace out any positive cause, though the Old
al Liverpool, and the fuu receipts are also
rsa' r1uE o. push down n market on which the
-bIi.I=r for the lime being seem TO be entirely
We. lout stimulating influence. &