Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-12-03
FINANCE AND TRADE.

is no excess OF funds, however; there is
fun employment for all money coming
To hand. As was to be expected, the in
curry for money that has been so eager
at the banks has reached the street.
The curbstone performers have been
making vigorous efforts to satisfy the
wishes Of customers, whose applications
would have been so acceptable s. month
or two ago; in vain, everywhere money
was tied up in cotton. Cotton is still
king cotton in his power to lay hands
on the purse. Exchange has been in
tolerably free supply the last two days;
the rates remain at the established quo
tauOns, buying on New York at dis
count, or Z when three days grace are
required on sight bills; on New Orleans,
4;selling on all points st par. Gold has
been undergoing some strange perturba-
lions in New York; il sprung down
nom ll2t TOLL sat one fell swoop;" one
telegram this morning quoted il down
90 lllh, at other parts of the day II2
and s. fraction. A ring "busted' on
Tuesday, the consequences appear 10
have drought back fell chsos once
agSin." Our brokers paid IlOs, as on
the day before, snd took sll the baz-
ards. For q wonder there was q trans
action in the stock and bond depart
ment; SO rare are such events they ought
10 be chronicled with due perspicuity;
5000 second mortgage bonds Of the
Memphis and Charleston railroad
changed hands at 60 some Mississippi
ievee bonds, fist district, were inquired /
for. We learned that q letter hal ar
rived st our pOstOffice directed to /
Cashier Of the principal bank IN Mem |
phis.r We are curious 10 know whether /
thar letter was delivered AMI il so TO /
what bank. The object OF interest 4
among the banks yesterday was the cot |
ION exchange election; the reason why 1
30 much interest wss felt on Madison I
street on the subjset was that three emf |
uent officers Of three different banks /
were voted for for president. When the |
announcement Of the result came out in /
the evening ''they knew which way the
wind blew"
city. currency bonds, undisputed -........fl5 s5i2
CITY tainted bonds, circular bssis--....izes =
city scrip selling q
shelby county n---...... .-......7Js selling 20
THE COTTON MARKET yesterday was
much interrupted by the interest felt in
the election Tor officers at the cotton ex-
change. There was q good deal Of snx-
iejy 10 sell among a large portion Of the
holders, and the market was easy, with
more literal offerings. In New York
the market was quiet at unchanged
prices. I48c: futures closed steady. New
Orleans wss steady at the former quo
lstious, AT Liverpool was unchanged
at d, with sales OF 1900 bales. Sales
Do our market were at the following
prices, as reported by those operating:
Stained, I2s elsie; barely low middling,
13.c; low middlIng, 13l@l34c; mid
ding, l3s8l4c; good middling, 14sc.
Ordinary fdl2
GOD Of llia-fy ---s e s1,S4
Low nidoll ng------------ - aal5;s
sla4.-ng So
Good Inldcllng l4slfe4
Market steady, with a fair demand;
sales, 1903 bales, Of which exporters took
500, spinners 400, and spectators 400
bales.
Watts d Co.'S Liverpool Cotton Rep9rt
Of November 13lE has reached Us; il ex-
presses surprise st the continuance OF
large receipts, and also at the way prices
have been sustained under such heavy
2-rivals. 1t believes the crop viii not
reach four million bales, and is Of opin-
ioB that when this becomes evident
prices will improve. Indian reports OF
the crop there were not favorable, and :
Egypt viii be considerably below the .
|sia~a NraHlls vi tx WAAtAEF LllE AEHD
looks iav0rably on American cotton, .
provided the swelling Of the receipts is !
nos kept up.
=5.s-..-s same liav laSf week 2s57 26I3 4s4- !
EFeaaI rf- since last Friday ,3lg Is III lO-1lf
Iga-sf-+s sarIe time last weskI2-0Z. lOsl2 IIJd2
I.--eipts same time week be- RI
B-caipls since sept I-.Ifl. Al l27,55g Ifssg g
stock 90 hs.rd------------- ~ - So $50 j
EalIrd-north, isI south.5ll; g81 "a 20 7
H.Eer-uo'h, IS; s'il- -- 80 - l.a5 q
H84 1907 I03,770
TIE GENERAL MARKET was very a
quiet. the approach Of Christmas does :
aaL make itself felt vet. Corn sold st
s5r oats were not offering. Bran sold I
al -lGz-c. C0rnHsdi retained its fig- 3
ures, 3 80. -Four remains strong in =
tls lower grades, with Is much doing .
as the stock of the required qualities
viii allow. Potatoes were weaker, and o
were plentiful, selling al 3 40 delivered, /,
where they we're 3 40 on the landing a
the day before; prices Of western ran 4
from - > 70 8 10. Street potatoes were /,
in snail supply in the stores, with no :
activity. Cabbage was again inquired a
E1r. 1ut the expected boat load failed to r
arTlve. ADpleS showed some activity is- a
good qualities, and fine fresh-arTived &
hand. there were Genitons offering at .
81 Eqgs were scarce and stronger, few
selling below 27c, while some packages
brought 2Sc. Chickens were low for 7
common qualities; good hens brought :
s. HJQ produce shows some lTregu-
larity Tor bulk; bacon Is only nominal, =
80 little doing in it. A new smoke
house. in addition to the one we have 2
here, Is to be opened very soon; the large
trade done here in provisions affords !
amule room for tie new conner. Pail :
lard Is lower The Chicago Tribune, OF =
EaturIsv SAYS: A" The receipts OF hogs y
were again large, but prices were higher !
lhaa on Wednesday, under s very stiff -
demand on Canadian account, Joined to !,
that from the east and our own packers. u
The first real demand Of the season for
meats 10 60 TO Europe was exhibited TO- y
day. ~
Quotations are for round lots, unless 9TH =,
srViSs oppressed; and for feed and y
produce, }eCCe rates. For small OUr- U'
eiGses, rates are PropoTtiOnGtety n.
HighCr. =
APPLES AND PEARs-Apples are in g
fE5r demand; good, S29S; choice, III
3 j5Gf; fancy S.; genitOns Offering ~
~ -, and New York pippins st s. so; =
sale Of 20 6bls. superior Rome beauties =.
al s.. =,
BRAN-sales Of 100 sacks at s2l, and I'll
100 ST 50
Medium, 3 2O92 40; picked
navy, - rs
BGrrER-Per D., for choice, SSS85c;
medium, 25G2S inferior scarce.
BUILDERS MATERIAL-Lime, per q
biol. 81 40. Cement, ROsedale. 81 IS; n,
Louisville, common, s. IS. Plaster, Al
s. 30. Friedrich, per 100, sos 50. Hair,
plasterers', per 10, sc. o.
BUCKwHEAT FLOUR-Per bbl., 50 so. +
BALISG STUFFs-Bsgging weak at y
F3s for 10. and Isle for q h. Irvine, o.
Der Ib., l4G15c. Ties, per H., 666Ae for q
splioed old, to 797l for regular patterns p p
Of new. .
CHEESE Fair demand at l59l6ci
for chedder, factory and western choice. 81
COTTON NARNs-Quiet; No 400, Ice; cs
No. 500 lie; No. 500, he; No. 700, l0c. d
CIDER-Missoun cider, per bDi. SO % r
Ff2; half bbl., S. 25G6 80. A
yABEAGE-MzTket bare with good iu- III
1uf-r. "a fatb0st load near at hand. lie,
gELERN-Per dozen, 50075c. ;.
CEANHERRIEs- bbl., Sl2l8l2 80. Al
gHEsTNUTs-B the biol, 3 50G3. p;
CORN-Sales Of IS sacks at S5c. "a
gORNMEAL-Small demand al s. 50. Il
COCOAEI'Ts-Per leo. 81. t.
EGGs-Sales at 25(gZ7c per dozen, the II
lFtleTt The prevalent price. III
FLOyg-hledium 70 choice, S5(a97 80 CO
per biol; inferior grades held higher. IN
DRIED FRUTB Apples, 5lS6c; peach $
ns. 5lGGlc; few offerings. g
BRfFD BEEF-l4Gl5c. dl
10