Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-10-14
FINANCE AND TRADE.

FINANCIAL BUSINESS yesterday c1tBs
very near 10 amounting 10 that "smsn end o
nothing the down easter whitfield on. While
there is no redundancy OF money on Madison
street there Is enough for the.actual wants Of
commerce. For any mere speculative or pros
pective gain there is none at all. A guarded
and prudent policy governs our bank oirec-
tors, and the future viii feel the benefit OF It.,
although the present may sometimes vince AT
the close drawing OF the lines. Exchange is
steady and firm as the new rates; on New
York sua the eastern cities 3 discount; on
sight bills discount; on New Orleans = dis
count seiiiugon a points par. Gold was
a business more in name titan in reality;
brokers were offering lgSis and for round lots
Joe. Nothing At an IS done In city securities
NV arr not even talked o. For county
Sc AZ. = a73 Is paid and s. charged. There was
n sale Of $50 county coupons al ~. Nashville
papers say that no local securities are chang
SuE hands there The NIcksburg Herald, &C
fsTer lHth, reports: There was an inquiry
10 <sv 20 purchase $1,000 OF old state
lie fouHd al that price" The New
York papers report plenty OF money
aud very { W rates The Republic says The 1
rumors OF failures are KEPT up, but their ef- /
fecf IS past There has been no failure OF /
banker or great house, and 90 ialleTe OF even
three day. Trade has been fair this week.
ana rsmittances good. IL Is generally con-
coded that there Is every indication OF better 4
Tunes in fr4de and a more hopeful feeling ex-
lists" 20 this the Herai adds; at Is undeI-
stood that. hereafter. whenever inelloeI OF
morz, OF asking lmperinent questions con-
csrnine he standing OF thus house or the 9TH
,sr. or in any way attempting 70 demOraltze L
ne sf~eer Inc governing committee viii sit i
unon aud, IL advisable, Suspend him. At
least this is what Dame kumor says" Ihst
= riehf. evidently no man has the right 10
cal into question the business standing CT
another, merely IS an assistance 10 his own
gambling and speculative operations
TIE COTTON MARKET was fairly |
active yesterday at the prices OF the previous |
day. An opinion prevail ed that the advanced 4
Fstfe O. cotton reight the Particulars Of which i
the APPEAL publ he'd last week, which 4
went into operation yesterday, tuesday, |
would depress the price OF cotton. Acting 1
prob bly, "a this theory the cotton exchange /
committee reduced the quotations Of mid /
ding and good midcling. This was an error |
answer % personal inquiries The SALES
amounted 70 l5.ul0 bales which included low /
mIdd ing al ~ -9l4'4c and lsssc; midd ing |
l4.Gl4.c nd Ia &C., good middltng, d. SlS3sc. /
TINS lows the true quotations. Of Juees grades, 1
the only ones reported, 20 Ge As follows; 4
Low middltns-.--.- -----l4 q
A. ling - zl5l - Il
GOOD .adAug --.------. ----.------'-lo--,5 i7'4
y e cotton bad al Is would probably come i
untier ne Cesl znattOn OF fanc bui Tor each L
OF tur st three days, since Thursday, gOol 1
midG ing purchases have b. en- TepOr ed 10 as
N IA Inquire. = ere II q Oppressive influence !
in I'M advance Of freiEDls but 4 Is Offset 70 I
some eul ulult ichDl Hl.t terms N tll4-
e Gaze. Of incoming OF on going cotton, and /
i,,- q h. nrvance in New York GA Monday, and /
5n New Orleans yesterday also by the strength
OF lse COTTON market every = mere New 4 OK
teIes q, pa q a steady market al l51sc. Neg /
% IAN closed firm, with good demand
Liverpool wa quiet ana unchanged AZ SC.
lue official quotations are as iol .oWs:
Ordinary satl5a
Good ord nary -Aoi q q 10
Low mi Idllng -----.----.--.--------.-.-4 esAt74
Hidd'i -
Good mIddli g b.
CJTTON STATEMENT.
stink september /, IS74.-............ 5S8l /
lyeee we'd since last statement. Dos
Recei Eed pre- nous y--------.-.-.-. Siig2 S4,Jo5
sbIpped 81, &c last statement. 1905 $500
nIpped prsviOusly ---..--.--.------ lilo z-'ioo
stock ,t nom this sy-................ I7,aS
IMPORTS
Thus Tar .lIs week 800
Thu rpr last week dlo1
since -eptem Der sst -------..-a 400
Nsuph ana Charleston railroad. -----.----- -
MI--i>>ipp and enne zee rsilroad--- 5lv
Nemuhl and Ohio railroad--.--.----..-....... -
PaIuoau and Memphis railroac--.-------.-.-. y.
Mem pins and Little Rock railroad-.--.--. ~
sc, ri 49,, IONS nd at ar sources 80
-,
EXPORTS.
lTHA Tar IA IS week .. .
Thus Jar last y ., =
since Sc IcTub-r
Memphis and CnariestOJ railroad ..------- i5s
Nf--I-si. ala q Tennessee raLroad---.-...
Memphis and ohio IlrO -u---..------------- ~
Steamers lnT 9t
By ull, north ---- ---------.----- -------'-- p.
BY rail- -nutn-