Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-23
FINANCE AND TRADE.

TIE BANKS have large amount OF
exchange TO provide for daily, and vast
sums Of currency ale imported 70 keep
pace with the demand for money. When
sales become So high ~ 1900 bales in g
day, and IS, 90 hsve been received here
since September Isl, there is DO small
amount Of money wanting 70 keep up
the movement. Yesterday one bank
received by noon, notice OF 1000 ex-
change 20 provide for. AS fast 81 the
money comes N Tor cotton sold IL passes
among the pisnt r . bring more Of the
staple into the market. The rates Of
exchange are very firm, with q strong
e. ldency in the taEer favor; northern
All eastern quote discount OF buying,
New Orleans /, both sell st par. Gold
made oEe II It's sJmer-et-, IA ling TO
ll5!, last Friday il was liz. Well In.
formed New York papers FAY that the
high price was aItiiclally created and
kept Up by what l. cslled "the gold
clique" This Il q great country, we are
a great people, yet dozen fellows in 8
clique make = football Of our currency,
ana the vast values held by our mer-
camille community are kicked in the di-
rect on the clique choose, This Is q
tyranny that Cukht TO be resist ed Bro
kcTs here we're Offering only ia for gold /;
they cJul not tell 70 where it might 20
down. Local cuTities remained IN
changed, exc pit that fire aud police
scrip was less Arm. Afurther lot Of $500
gas stock was on the market; 5000 Is
now ofieringi the asking price is 50.
Mem phis police and IRE, buying. .......-.-lsS5
Memphis tax scrip, buying. sI6s
county warrants, buy
slai- warrants, buying. IS as
New issue, tennessee, Duylng .-........ 80
TIE COTTON MARKET yesterday
showed more confidence, the askiugs
were stronger, and there was some stiff
ening; buyers offered I2gs for mid0llng,
but hOl1ers were generally strenuous IN
demanding l3c, and they got it often
enough to improve the official quota
lions, ~ ia SHOWN by the table below.
The offerings were in many instances of
Undesirable cotton, or more business
wOult have been done; for nice river
middliugs l3c vas Obtsinec. The mar.
ket closed steady. New York closed
higher; Liverpool was ii rm. Tue official
closing quotations Cf Memphis cot
ton exchange were ~ follows:
Yes srday. Th,TsdGy.
Good ordinary ........-..-. l2i49l2h l25z@I2H
Low rnlccliug ...-.-...--..l2.z 1l3- lE4g
alaIili lG ......----------..,. q zee
GOOD middling......-.. - gl8A 5is9l3L
The market closed firm; sales wer-
1920 bales, of which exporters took 1850
spinners 1000, spectators $50 bsles.
COTTON ETATEMENT.
ls75-G lS74-5.
stock Septem Der lst..... .......... 572 S3l
Received since last stZJemeuI...... 5l9 l,732
kecei ed previously .-............-4l,34 l .....-
Received total since sept. Ist---..-43s5O 5000
Shipped since LAST statement --. l,0I3 1876
Shipped previOusl p sos .......
Shipped total since ept. Ist.........y3Os49 SzII8
Stock "a hand at date. III js} 23.745
Received same day last week ...... ass 1853
Received since last friday ~ 9I
Shipments to-day were 10 the north
by rail, 1898 bales; 10y river, SO bales; to
the south by rail, 100 bales.
TIE following are the cotton exchange
kilograms 0f the domestic markes:
Latest state n Re. Pyice