Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-26
FINANCE AND TRADE.


keep in the shells 50 many thousand
bales Of so costly an article as cotton re-
QUires q heavy outlay. The mere capt.
Ia we have al command, the more cot
ton We Ce; the call for money is, there
fore. the eject OF increasing com uerce.
Exchange Was in plentiful offering YES
terday st current rates; buying on New
York aud other eastern points at dis
cunt, on New Orleans at 3; selling on
ali points at par Sold was in light Of
feFiug; brokers we're paying iI0A for it.
Stocks and bonds were IN their usual
graveyard repOse. There was some in
quiry for First district Mississippi levee
bonds; brokers supply them at As. To-
day is a legal holiday; banks and
public offices viii be everywhere
closed. The following from the New
York Chronicle gives the "key to the sit
uauon:" The quietude OF business Is
neRlthful symptom. Il foretOkens re-
turning vigUr and renewed enterprise.
u shows that our people all over the
c-untry are ecOnomiziugi and every one
knows that to ecoDOmlze, TO save, to
give free course TO the forces OF frugali-
", are among the most powerful meth
Cd by which the national wealth sccu-
muia e. Il is maxim of political sci
ence tnst no nation can long sccumu-
Ia. e tie wealth by eco gOmiss, such AS we
are practisins, without setting the wheels
az Industry ia swifJer motion. One OF
the numerous cOmpt nsa. ions which the
panic seems 10 confer on this country, is
that il has inspired our people with the
desire aud the determination TO he say
ing Of their dtb, rs well as energetic
il its production and distribution. For
the and other reasons, We have uBi-
o. Il h.. Nv nannanr -
Of our commerce aud finance since the
pauio The following respecting
new counterfeit, from the Boston Globe,
should De k-pt in mud: "At the Chem
i.sl usl. < to-day was received a cuun-
te felt $ biIl OF new issue. The paper
seems quite ss good IS the genuine bills.
ana the Only detects are little burning
az the falisge about the hZure 5 on the
upper ri.hl-hAud corner, aHd tue sub
sri lOn Of tie W ri First for
trrzGers' national bank. The sigma
lures are the same as on the genuine
Tsdsrs hank bi Is u this denOmiDa-
tiGu rh- csuuteIfril is one of the most
dangerous Issued for some time. Al the
fr,t glance il would pass readily a.
genuine, even though in the hands OF
persons constantly handling money"
CITY currency bonds. ga
ely tainted" bonds, clfcu AZ basis--4z,g-
SHELBY county scriD--.---....... selling, 50
IL TIE COTTON MARKET yesterday
there Vas a good uemzHd for river-bot-
tom cotton. other qualities being little
wanted. Buyers had free orders for the
srapied cottOns, but mplsiBed that
they cnuld u get all they wanted. A.
holders blink cotton will be higher, il il
natural they should be reluctant TO sell
their very best cJttnus at the very low
esl prices New York was dull and
easier Z 14I Q; no report will be rseeiv, d
FROM Nes YORK tG-d y on account %
the hJudas. New Orleans was quiet
sud .,ch aBged al lac. Liverpool wa
quiet and unchanged al 74d with satts
uT 1919 Dal-s. Sales to-day IN our mar
k-t a-re at the following fgur s:
Srsiued. I2lGl3Ac; good or iuary, 1910
1Ss Iow midalIug 13a6l4 ; mId1hne,
1A6I4sc; good miidling, l44c. The fol-
lONIug ale the ficial quotations OF the
cotton exchange:
tsoou mary .....-..-...--....-..l35sg -
Low N lCdliL 1910
Go q mail NJ - ~ q -
Dull aud easier, nominslly unchanged;
sales, 100 bales, Of which exporters to K
400, spinuers 1000, ana spectators 800
bales.
The New York Republic OF Saturday
reports; "The amount Of stock chang
ing hands since the close Of the report
yesterday shows quite an increase, and
prices have gained sufficient strength TO
warrant the restoration OF the &c taken
of quotations. To q great may OF the
trade the recovery is somewhat surpris-
ing, aud frOnJ general appearances seems
10 have no good basis, as our manufact-
urers fad DO additional encouragement,
sud exporters, IN view OF the continued
uufavOrsble cOudtion of the freight
mar ket, and the tone Of the Liverpool
advices, are without new points OF q
stimulating character. A large portion
Of the business, however, is reported for
speculation, and the shorts evidently
feeling q little anxious, il Is s9rmised
that purchases have been largely made
10 cover maturing contracts, and also
that g portion Of the s lies are a dsy or
two old, and only BOW for the first time
made public. Ii is known, also, that
great many short notices have been
given without the co ton in hand, which,
Of course, must be secured, aud some ex-
porters, too, hsve failed to receive stock
calculaled As likely TO come in on con
tract, aud having engaged freight-roOm
on hand, must buy to NIL" The New
York Bulletin ssys: ave understand
that oluers are still being Fl! ed TO fair
extent free on boari at the south, as sf-
fording S better limit than on this mar
kst.n
Receipts yesterday -....----..--- ~ 26,S 49,
Receipts since last FRIDAY -lk,0T lusl2 ll,6l2
Rec ipLs same time last We klO,553 1904 lz,6g9
Receipt, same time week &c -.
Receipts since sep. liz "a l9S.Ss3 l2J7ls
St ck on haud--.--...--. ..-- 4S,i-6 ~ S4,lsl
Ra,Rl %sn1s 81; south. i65 ~ i35 fsI
$3.50 s9ZT e2,2i0
TIE GENERAL MARKET was too quiet
Yesterday, aud here y a. TOO litlle ma
terisI ofi-riug on the larding, for us g.
have much 70 tell. Corn sold at SIC for
q lot Of new white; q lot OF mixed, IN
good seoor baud sacks was offered al
SO. outs were without movement,
with Iunin,s OF stil IN her advance al
Csirl. Bran -Oid a 81 aud som ship
stuff al So Comment was again 50 80
wHn s0ule ssle- al IS IS. Que dealer
was hold,ns of for 81; demand very
quiet Potatoes we're easier, on account
Of the arrival uf a d stbOat load; several
lots Of Ohio peeehbl 'ws sold st s. 400,
, IS: some pinkeyes went st 81 Dried
fruit Was SITTER, with goo1 inquiry Tor
bnght App,es Were quiet aud essyi q
LOT uf supvIlur r Ime teauties brought
IS IS; IN - sound ones were to be had
A. 81 Eggs were Il rmer, mostly selling
at PC. turkeys were p!euty, IS they
should he al thanksgiving; ore dealer
received a car luad-7O0 heed; some tine,
4 -.f1 f.-h 90
uolud Provisions remain without
change, except that breakfast bacon il
very dun aud lOWer-demOraiized 10
fact; the stock is beyond wants,
and there Is much desire
TO eel. The following we take from the
New YORK Grocer. CBee-"rhere has
been a decluedly better {, cling in the
market for Brazils, aud win quite an
active demand the stock ID first han Is
has again been reduced 10 q very low
figure The receipts have been light
aud a large part OF those expected during
therext zen days are said 10 have al
ready been sold TO arrive, nom which II
j. argued Jhst prices will be sustained
for some time, and possibly be higher.
The ilbbiug trade continues only mode
raJe' and largely for low aud medium
GRADES % iSpJar-sThe market for raw
sugars still continues very dull Thls
week the sales have been below the av-
erage Of the duliest seasons for long
time. Reintrs buy only for immediate
and pressing necessities, while sellers,
though meetiug the demand even at
decline from last weeks prices, are not
pre-siug stocks for sale, believing thai
refiners will soon be forced into the mar
ket again, when better prices VIII be
obtained. The stock IN hogsheads and