Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-12-06
FRANCE AND TRADE.


MONETARY MATTERS remained agar
quiescent yesterday; nothing short o
gunpowder or a California earthquake
will throw life into them. Trying th'
remedies for the drowned recommended
bv the Humane society, on all the bank
ers on Madison street, would not i'm
prove things a particle; gunpowder Of
earthquakes are the only things tina
will touch them. The stringency &har
prevailed last week was felt again. On,
heaven-guided establishment, like tn,
prodigsl sons father, has enough and t.
spare; the Others would like little les
cotton and a little more currency
Exchange was offering in fair amount
at former rates; buying on New York
and the east at discount; sight bills re.
qulriDg three days grace, }; on New
Orleans, !; selling on all points at par.
Gold is fiuctusting greatly at New York
our brokers give 100; sums Of import
ance-say $1,000 or over-wOuld CON-
Iy thing doing was a sale by auction, by
Mr.. Trezsvant, of So, coo Pontiac, Mis-
tissippi, county bonds, issued In behalf
OF the Selma railroad; they sold at
l0c on the dollar. A lot Of Mis-
sissippi first district levee bonds sold
az a price not made public; there is
some inquiry for this description Of
bonds, aud they are offered by brokers
at 43G45 The New York Bulletin, De-
Gem Der %, says leading banks there are
sending large amounts Of currency west
and south; IL is principally 10 legal-ten-
der notes; the Bulletin adds: " In addi-
ton to this weakness OF the reserve of
the banks, the loss Of considerable spe-
Gle is threatened. There was no specie
exports to-day, the steamer advertised
TO sail to-day, and by which the gold
packed would have gone, having de-
ferred its departure until tomorrow,
when, according TO present calculations,
Il will take out $500, 600 gold COIN"
some idea of the immense amounts of
money now flowing out of New York
may be gathered rom the following,
from the ChicsgO Tribune, December 50,
" More than half million dollars in
currency-prOcably not less than $780,
0J0-was sent 10 the country yesterday,
and the amount to-day was about
ss large. This, OF course, goes
70 the hog districts, and the
results are seen i8 the heavy
receipts At the stOek-yards, where there
were %, 900 hogs this morning. This
Uumber is larger than the packing
houses can handle. There is likely, in
consequence Of the Over-supply, to be
MON SnUary decrease in the orders for
currency, aud ia the shipment Of hogs
10 this p1iut.n The New York Bulletin,
December ID has the following: "The
advance in the Bank Of England rate Of
q sc0uut from 3 to per cent. was not
unexpected on this side the Atlantic;
for the daily withdrawal Of specie from
the bauk was regarded as sure to drive
she managers TO this means Of holding
\, bullion. The gold taken from the
h IUE goes mainly TO France; but why
the tain in that direction is main aimed
so uer,jstently is not very obvious; and
tb. prob ten eXcites a good deal Of curl
gsigv. Indeed, the ms biliiy 70 sstisfac-
toriiv expIaiu the movement seems to
create il London 8 certain degree of I'M
sssIness." Since this was written the
rate has been sdvspeed to 6 per cent.
TIE COTTON MARKET yesterday was
Leavy and spiritless; there was some H.
guiry, and a large stock and want OF
money created a disposition 10 sell, but
holders were not readily brought TO
make concessions, nor buyers to puT-
chase without; sales were therefore
moderate and prices were hardly up to
quotations. New York telegraphed q
weak market 81 the opening and lower
10 sell, closed quiet &C l4sci New Or
leans quiet at l4!c; Liverpool dull at
.5i, with sales Of 10 900 bales. The re-
reIpts at the porte for the day were for
milable, 81 $50 bales sgsinst 22,5l4 the
same cay last week, and ., 77s the same |
& sy last season. These free receipts dis |
uea rteE operators an 1 take all fiImness |
.u- u prices. The sales in our market |
we've SO the following prices: Stained /
cort0ns, 13GI3e; ordinary, ll3e; low
luIGdIing. I3lGi3lc; middling, s@1l4ci |
ilidduug far st i53C. The following 4
are the quotations Of the cotton eX-
change:
rsIIfnaT a gl2-
ia-1e- cr3ent-r y...-- eiSt4 i
l-lg tnitIllI g. - SOS /
81 4dilil q = |
Ai1ullug {. lo'4 |
The msTket was quiet and ezsy; prices |
uonJinaily unchanged; sales 100 bales, |
-l-ich exporters took go, spinneTs |
a..,5, aad speCulatJTs 100 bales.
sreIuig yesterday p. = 05s S8S 29s0
--.,--IpUs same day last week. 2, q 1924 20S5
feeei pts since last Friday 2-sl5 3 SIS 2ei0 |
Receipts same time last week 2,J45 5,l2i zOo5
iere. pts same time week be-
receipts since sept. I,,..i5i.5g7 Iss'52s 1926 {
@i1c- on haud-............. 53,2ls s2092 - SO
RI ds-no'h l6}; south, Is; i.075 i,255 1850
l58.s3J 1854 IIO,637 |
In another column We publish list Of
4 2 standing committees Of the cotton |
exchange. The reader will st once be
struck with the pTopriety Of Mr.. Gates |
being placed at the head OF the commit |
tee on statistics; his elaborate and eX-
eeilently classified crop report Of the last |
gear shows his industry and capacity for
fbe task committed into his hands |
Captain WOrmley,, as chairman Of the 1
classification and quotation committee, /
l. az acquisition; honest and expert |
anced. be is Htbe right man in 1
the right place. The reader viii
md other names that awaken
c0mmendatiOB, but % which our space
does not allow US TO do justice. An ad-
vertizement 10 another column informs
as that the regular meeting OF the
chamber OF commerce takes place at
four o'clock tomorrow; important ques-
tons will come up for consideration.
For the following interesting figures
we are indebted 20 the superintendent of
tine cotton exchange, John :. Tool,
ESD:
RECEIPTS AT MEMPHIS.
We Fading Since
,zHESCE Dec. 4. September 4.
EECEIF D. - -
ISIS. 1873. 1874. lS73
.fen. a. Char. I. z. s,sio 300 $3.50 2576s
Miss. q Tenn. Z. r. 2,a0 500 23,46i 1892
IN. & q. =. 4. r. .2-26y 4,l2 1851. le6is
AZ. q J.. r r. R.. 2,bii 2is5 1857 lo6sy
D. @ u. X. R. ~ l34l ass $500
~ iss rlFer-.-.---..-s.-- aUe4l otlJ opiyoi o9el
White rver.-...--.-.-f 40 w. avs 5-y4
20 Francis riVeI--- - - ~ 20 |
ATEallsas river ~ -. z.oot @i!eg
Eltuer s0Urces-----.-... l,o11 lrzv lsIa8u Lib
|