Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-20
FINANCE AND TRADE.

FINANCIAL MATTERS are without
change Exchange remains IN very
full supply, with oaly moderate in'
uulry for il. Gold il in only minute Of
fering, with no inquiry for it; brokers
were Offering Il5tGIl53; at noon the
New York quotation Was ll6s. The
high rate Of gold is attracting attention,
and there l. some discussion as u the
cause OF it. The New York Journal Of
Commerce. Of Saturday, ssys: 1t is
possible that there may be some founds-
ton for the story current in the room
to-day that gold is IN large amounts and
held In strong hands for the purpose Of
making corner a. some period not far
distant. The party credited with this
spgcul alton Is uudertt JOd TO deny hav-
ing any agency in the business :, but il
rs protab.e that If he has not, Others
have, and that the bears in gold were
today not alarmed without cause when
they commenced 10 cover their short
contracts There did not appear u
be any manipulation OF the loan market
to-day which would afford Gn eXcus 2 for
the eXac,ipu Of the high bOnus, and IT IS
therefor reasgua lie 10 suppose that tue
scarcity was the natural result Of the re-
cent specul atlve ssles.' The New York
Ba Elm W be rise in gold and de-
~. r. zzliJn u foreign exchange are
Gu 90 ... aa ~ Of cash gold, scare
g.. rH.t j. a ,JtTrassing exporters, The
Bis.u - iiUItes the scarcity To the
specie exports on account Of legislation
by the last congress, especially for the
purchase OF silver for the small currency,
aad ADDS: "Ehe total amount of gold
in the New York banks lie not now one
quarter IS much IS any one Of half
dozen railway stocks We could name,
which are OFT n and easily controlled by
a Clique Of -psculstors" This sentence
confirms the view Il the Journal Of
{. Hlmcrcs No q word OF news was to
bs heard o. any kind OF securities, and
We Tepeat quotations:
Men phis police and FIRE, buying .---S5SS6
Mempli- Tax scr p, buying 6oEbl
count. warrants, buylns ~
state warrants, buy lng s5gsi
New issue, tennessee, buying .....-........@OsS 40
THE COTTON MARKET yesterday fu'-
fl.d the intimsIiOn given in our
report o. the day before, losing It's
strength. The kilograms reported New
York dull aud nominal at the OpeDtl Z,
quiet and Lice lower al the close; the
cnange mas teen foressen. Liverpool
was easier, although not quotsbly !o6er.
Notwithstanding some cancelting OF
orders IN cOnseq Isncs OF the change u
aspeCt, our maT6es had a fair inquiry,
e .pecislly from exporters. Prices were
weak, sad gave way, 81 the official
au,.tztions how, but at the close there
vas CA, 5 deratl7 desiIe to sell; the feel
iug va. weak, aud purchases could be
maze D. ~ the Official quotations; l35
yyoUli buy mIiUlI & The following
was the closing Memphis official quota
ti3rs: ,,
Ordinary gIiI
q JOd ordinary S1-1s
Low mldCling.........
co5d mtucli ng 1sSIo/4
The market closed easier; sales were
1900 balel, Of which exporters took HOO,
sp.nners So, spectators 80 bales; ISLES
in,lu led go bal,s, sold last evening.
COTTON STATEMENT.
stock Eeptem Der /, 1874. ---........ 2,572
Received 81 zee last statement. 1876
received previously ..............3i.l 51 S6,SlS
shipped since last statement...... ,s52 1885
S4Ipy ped previously .-.--....----..--i.l ~ DOH
stock at noon this dav-.....--...-... 1881
IMPORTS.
Thus far this 300
Thus far last wee ............-.. 6yJ6S
since September LIST . ,8l3
nj a X II ................. So
n T =. l. ..,........ ................. So
J6N.G.S k K................... -. SO
= a Il Y r ,-......... l6l
r. w. 2i2
CI.srnsrz .. UJD
F,srIugate6 per wagons. ..................... 500
EXPORTS.
thus far this 3,749
- rs I T last week ....... "a 0
-iT'.. Ssrterlber ,534
N. & &. - X ~,
a \ a. g. X. K,....-........... ........... 1872
~ rail NORTH ................ 9l9
~ raii south ..............,........... 435