Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-10-23
FIyANCE AND TRADE.

IL MONEY MATTERS we have nc
change, no shadow OF change even 70 report
THE impassive sphynx with ohangeles5 eye
gBze- with solemn brow upon the unchang-
ing desc-t-that would be about the pOeiioal
way OF describing Madison street Just now
Tre free buying and selling in the cotton
market causes an active flow Of exchange 10
the banks. The rates continue as before quot
,t.huyIngon New York, Boston and other
cotton cities al g. discount, on New Orleans
r.:seIuug at par on ali points,sGold was again
taken Bv brokers al lJ9, selling at y4gll0.
There was some inquiry for city gold bonds
forNnIch IS was offered Tor county bonds
bankers pay 7gaS0 and sell at Sass. The New
York Eepublic says: The desire 70 make tsm-
s11raIy use Of money has been tried for % long
-rftG0ut success that many Of me banks are
buying cove umeut bonds, and the conse-
gu6nca is an extraordinary demand Tor ihat
class Of security. There are com paraiiyely
few such bonds an luarkels except the ne" %
and s. dealers profits in these are small the
syndicate resps the benefit OF the demand
Bankers viii not touch secOnd-clRss CONNER
rfa1 paper, and the nrst-ciass paper Offering
I- fastn as rapidly a. u appears, the oile1lp y
being very much less thau Jhe demand ne
same paper observes: at is worthy of remark
that. unless The Standing aud credit o. the
hons drawing is excellent, commercial bills
ARE uaTI 10 sell unless accompanied with doc
umelts- since the failure OF kaufman q 20.
/. plain commercial bills are almost unstable
THE COTTON MARKET opened with
zIfT-er feeling yesterday, but another decline
u New YORK destroyed the rising tendency
% urmuess. New York clio ed with q iair De
rlauI at l1T C., which was freely met; New OT-
Jeans uas firm with good demand al Ia sr;
J. EerVO1I was steady at : esd, but arrives
W. DEE easier. The inquiry IN our market was
active. and holders : III being DESTROYS OF ei-
ragr.u- sales good days business was aga q
done. sales amounting 10 30J bales. The IOl-
lowing show the prices on actual sales; lie
TarEfI cotton at I3c; good rulnarE at l3ls
E. .ce low ddlng at Is ll-lbc, Il &C. ana
ls C; milding lie; good middllng l45sci the
nruriual part OF Tie cotton taken WAS low
rniddllng aud middling. The Official Quota
raous remained entirely unchanged, as fol-
.uws-
Orylru-.r-- ....... L an
low mluCllng --.-.---- p = =
p -u4 = a -
Good mlud us---.--------- 52.sl47s
Prices unchanged, market closed steady
with a go0d demand; sales 3JC9 bales, OF which
sNporiegs took l209.
COTTON STATEMENT.
stock september ], lS7i...--.......... $50
E-ecc.vcd since last statement.--- 2575
Eecelyed pueTlOusi y--...--..-...-.. s. ~ oJOos
shipped since last statement . 2lls 65,sGl
shipped preSiously '..---------'---- -'9' $40
s.osl. a. noon this day.....-............. ai,7I5
I1IPOETs.
.T1fug Jar TINS wee E......-.....-..- --iA 10y
ir-. s. 9Iembcr 90
RT.r4rht- asyd Charleston railroad -. 50
sff-e 81 1r. ard IenIessee raj lroad---.-.-- so
l. d. ~. 50. s.. u. -.
Isstur-Ju and Mem phIs rallTOa1-..--..--..-.. 81
sf4-r4risig and Little Rock railroad......... Is
-,..5-li...I-s ......-..---.. gig
i5st1 mated I,sr ,gagons ana Otger sources go
Total ..-.............--.... s57S
ENIORTs.
,--.,.. a. irst ,s,,eir -. 5l72
800, -aDfeIn ,er lst. ......-......a2.llG
.frr.ftE s and t7larles-on railroad-....... 753
n l-i5,ni ana T'enuessee rallroad-..-- 100
~ p. : q II - SIS
steamer, mort h..------..... %
IsE rat. !. uurll A9fA [
~ lAl