Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-20
FINANCE AND TRADE.


ever the situation is reversed, sn'
money is OIL the verge OF stIingency
The change comes through the eager
ness that has existed % late to get pos
session Of cotton, aud to hold il for tn
better prices which speculative vision
ssw ia the distance. The Speculation
hold the cotton, tue banks furnish thl
money; now, The banks find themselve
sufficiently Enlightened to ardently wisi
The cotton holders would sell and sQuar,
accounts. The cotton news, yesterday
was "a damper" upon speculative hold
eIs, and perhaps there may be som,
" unloading in consequence. Eek
change was ia small Offering, and rate,
1ansIned Unchanged al discount OF
New York and al eastern cities except
where there is three days grace exacted
when tie rate becomes 2; OH New Or
lgals the discount is !; selling on al
points 81 par. Gold quoted 1880 III
nUgiug; or the latter quotation 6
brokels took a lot 81 $500 Scrips and
bonus We're as far from activity IS ever
The NASHVILLE papers of Novem Der l7Ih
rrp4rt: Tennessee hOHdz are firm and
20 sume demand, being quoted il New
YORK. at 55c '0f the Old aud new regu-
Jar, with $3.50 acoursd interest attached F;
the registered ex July, 1874, coupons
closed ia New York to-day at SIZE
Dealers here buy al about the same rate
lOr the regular banks, and &c under quo
tztiOns for the registered snd new fund
ed bOurs. C8mpLr6lieg's warrants eye
. 4 =
3 Okers buy al g. and ask 95. NeT is
size Tennessee bank notes are quiet aud
unchanged, wiIk uOue changing hands;
geHeraliy held above the market The
Nlckstu 2 Herald Of November 18Th,
states: A icorn money is worth 90 TO
So, and vers little, If any, on the mar
ket." Some Of ca exchange papers APP
pear 20 BE- Of opinion that the psll Of
g10m that has shrOuded the comm 2
GA. SKY l. lifting, and thst already ''Jhe
SILVER liuiugn j. coming into view. The
Chicago Times OF Tuesday wrote: ''Phe
business Of the day was much
more satisfactory than is COM
mguly transacted on the FIST day II
fae Wrek, and on N sides the feeling
was much better than for some time
pas-n The NeE NOrk Herald has the
following; The journals published in
tue Interests II trade generally report a
dtcI4ed improvement ia confidence aud
iu Iue voluue OF transactions. This Is
"a d 90 o- demonstrated by the renewed
activity ia the various forwarding aud
@ auspOrtariou routes The distribution
af money in the south aud west ia the
UOveue { Of the crops bss had It's nat
u 81 heal ny effect, aud an advance in
tre bans rates NJ Chicago, Cincinnati,
10 ilsvilie and other points is not 70 be
Ignored SIS another encouraging CONNER
e!aI sizu, iaasmuch Is il shows thst the
capital sent out from the great financial
csuters Is performing its mission among
fle classes who produce, purchase, sell,
consume, and thus give fresh impetus
I'd Ius machinery Of trade. The New
Ellaui auufactursrs who had been
compelled TO reduce their production
one third in order to adapt Themselves
80 ne grsat contraction that had taken
place. report that the prospects Of bush
les- p int 10 the necessity Of again run
niug0n full time al an early day.n This
is encrUr ging, and il is to be hoped
that the brightness SO much lo1ged for
viii som iTaiiate our commercial sky,
aud lhat labor AID capital will rejoice
together that the good time 80 much
I0uged for has come.
lHE COTTON MARKET was easier to-
day. and s1me oI tbe holders let cotton
tlst hss been out Of sigh T week
past. under expectation OF getting better
> ices This expectation has not hsd
The support Of the kilograms the last few
days. and yesterday, agsi8, they failed
f1 support lately revived d pes. New
Ilr6 opened WeEk sld closed quiet al
lower quotations; nIi1d.inE, l44e; tu-
lures closed dull New Orleans had d
Esir demand az unchanged rat 5, l4sc;
LIVERPOOL Wa steady anu easier at z Il,
with sales Cf 1900 bales. The prices in
our market, on actual sales, were, for
stained c1ttCls, l3c; ordinary l2Ac; good
0ljIlary, 1879 lSse; low uiddADg, 1890
IS- mIdduug, l4gl4lc. The following
ar tB- diasI quotations Of the cotton
exchange:
-iODl ordinary .-.a--a-.---------.----lo- ~ -
Low "a .diiIllg. g.. ..... lis a
lu.l mliti sli54
TIE mzrke. was easier, with a fair de-
ma.d; -8 IS POO bale, of which export
ers Joak 200, spiuuefs 1000, and speeula-
tors 500 l.iss.
E=tel Prs ye-tef1s ------.-.----..- $50 -3I 202
Fa-.. Hl- same Iay last week. 2--7s l,35S ? i57
Rerelpt -Iree last Fridays ~ ll.ol5 l4,7jl
Iac pls same time last we kl3 SIS Isis 1915
Tlecei ll- slrne time week re-
rU TO 80 1lslaA A1s5el
F-geipi, nee sept- l-.--.---ls,. !. 80 5lS ll5sso
81 ca uu hauo.--....--.--- 81 Us Aalos = s',
as9flI'i--uorth. 81 south 20 l0si l,453 l,ig7
-''' CT -'' '-' 77.ss5 @O 90 7s.5is
The New York Bulletin, November
7-ta. reported: The general tone of the
market continued very firm, and the
range OF pricas has again been increased,
win holders somewhat indifferent Upe-
rsf8rs even II The advance, and the
.H-rings email Spinners, though not
baurli1g very large amounts begin to
show some little q Xiety. and exporters
afe fee operators IN short notices, aua
make q fair cali for parcels from
Lahle ali tending 10 reduce the supply,
though the sales Of short notices are
srH giIhuu record. Liverpool accounts
were encouraging, and the southern
markets generally showed bl0yaucy,
.lrougl q e receipts Tor the day were
far. FIR utGrs delivery the Opeullg
wa @ m, ami the demand active; bur
Ffe- ufeiags, FIR the late mouths 10
Usr.ieu ar, suisse usltiy had weaken
ir sIie-t There as ailerwsTd az
other show uf druues-, followed, how
ever, dy the tlra once more lost, aud d
.ltci Sc It feelu 9 proved hard y -teady
OLA aI mon IA. There Was cHnslGeI@O.e
Govern z. Ia also lair mum 1eT OF fresh
purcl4-a-, the apparent upward turn
drawing in outside speculation"
The GENERAL MARKET yesterday
had Iiula l0 engage attention, except
thar rteTs was a Ts1liue ia ezra and
c-umeal No boat came Ia, and there
was v-ry Ittle new material on the mar
ket. Con sold az S5c 10 the morning
nuu later iu the dsJ 63c was the best %
would hr.us; SO ssckz were sold, aEd e"
resk b t1i- market AMI 60 limited h.
d-uaa that % mud sale t1r Sd moderate
sized d lgt j. was uece. sary to make con
rs--infz. oats were held stiffiy at IS
s,r mixed. 645c was offered. Bran Was
lower. bii lgiIg only so so CJrHBtCdt
was lower, selling st 50 90(G3 50, with a
very moderate demand. POtatO6S ana
El0lCs were firm5r, the stock Ui the lat
ter uas decreased. Eggs re aimed the
1revious day. quotations favored by tue
odd weather, but The demand was mod
crate Turkeys are coming into better
r-01lazt a. tue e son advances; the hTst
To. ~ dressed TURKEYS We have seen this
--qs4r we've offered ami brought
r5al6c pound. Provisions were
unchanged alI around except tbAl
.gr-s Was sitter, only one house
i-yi8., if. We tear Of lot Oh the way
down however Fretghts by river are
1uot.din he 81 Louis Democrat. OF
"Wednesday, so 400 UaTei; gralu aud
a.t..og. -, per 100 pounds; hay 25c per
-ll u.,u.3- The same paper quotes corn
rB-si rf Ssf5r ciiy and $ 40 for country
Add Grul Flour is unchanged, bot M
~ Louis. tLr -b1yc yaper says; Mon
tfsv sud Yesterday he t0ueoI tGe fnaihe-