Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-21
FINANgE AND TRADE.

FlNAN y AND 1hADE'
FINANCIAL MATTERS are eveDtlesS.
Esstarl financiAlist- AZ puzEling them.
selves over The exiTAvagsnt price Of
gold. Some Of them 10y the whole
blame Of the heavy present quotation
on the government The New York
Bulletin, for instance, says: " Both the
Tlse IN gold and he fell and denoraiizs-
tom II foreign exchange were due 10
the a-cty ofcssh gold, which cost boz
T0we.- a. b gl a. j-32 II per cent pr
day. The fast IL the only relief is to i'm
p. gold, II being actually scarce be-
cause OF the course which the secretary
q the treasury h a. e. Z bound 10 pursue
under the legi-.at on Of the last congress.
There il less gold ere than ever before
at this SET slB; the -gCcie exports early
in the year were eXtTsCr IinRriiy large 10
Usv flT 20 bonds held Ia EIrOpe mott
ii 81 for redemption on account OF the
sinking fUud, aud because At that time
a large pat II the rev lives sold were
taken IN this country instead Of Europe"
Tai- theory, IL II seen, gO,s b-.ck to
esriy IN the year 20 account for tie
events u The day Offers give more
mod rn date, aud say tha. present gam
bling is toe thing ct fault. This Is the
opinion Of tuat eminent authority, the
Neg York journal Of Commerce
Toe y " YORK Graphic il emphatic on
the suijeei. IL Esys: " The Wall street
gambler. az. a. determined 10 SPOIL
ste IA 'ga 81. "a e the tlrf gamblers TO
spoil poo ---.l4a Z. They have stocked
the cards 30 that in any event the out
sid ~ who venture mOrey in the street
are bound 20 b. stuck The street con-
tTols al the TeaGy gold IN the market,
and simgly 'cbi-seied' those who, rely
ing on their sagscity, sold gold expect
ing that il would f3ll In Price The
stock gamblers and the turf gamblers
are running the business. People will
not put tuei- m 1ney into a game where
Z e dice are always loaded This is wi az
is the Il alter v tn w All street" 1t ls
20 be hou-a lie Graphic is correct, and
that the Wal $ rect gamblers ere on the
v,Tae Il ruin. Exchange is in plentiful
supply and in only moderate demand;
buying on the east and IoT.h at / dis
count, selling at par; on New Orleans at
1 discount, selling at par. Gold, at
nOO1, quoted ll64 in New York; here
brokers were offering ll54, and little DO
ing. IL "A 'dilOn 10 5000 Memphis gas
EtBcS under leg0iialoy, lot Of $500
was offering, for which 50 vas a.set.
There IVES also on the market 5000
State national bank s'Og., Which Eaa
held 20; $500 Pan ers insurance
stock vas offered III So; 5000 Wasol- z
ton Union Insursr c. offered al 35; also
5000 NJ .-s .--ippi Valley insurance, half
paid up offered ~ 2S For lOJ OF
Charles 0A railroad sock, $500, that
was -eek,EE ala iDve tyT, 5 vas bid aud
refused. Nothing doing in local or State
scTips OF stock, and we repest quota
Db~:
Men pal- police and FIRE, buy ing. ..--S59S6
Memphis tax ser p, ou' ing $500
Count warrants, buying San
state warrants, bug g.. -...-......-...-.-S3gs
New issue, tennessee, ng---..-.-.....25l@J
THE COTTON Market yesterday ex-
peIieuCed q action from the late adj
Va .,e; Liverpool was dull and lower;
NV York was lover; New Or cans
wa unsettled and lower. In cur mar
ket svaTal hO.Le, 70 showed alsrm, fear
ing rti.l IA taeT decline, and manifested
cpneidsrsUIz aXiety 10 sell, in cOnse-
qusUce 81 which mIddling declined, and
cCul De- got ev Il at 1870. Some hold
els, nov, Y r regar; e the change as
me-e consequence of ne squeeze" of
the Orts in New York the other day,
:, Oh .efu ed 10 cell a the decline. The
aqs ness Of the market induced buyers
to tate freely, and towarI the close
fbeya VS. an E-t.ve Inquiry, which
caused the feeling to become more
stat. The following was the closing
Memphis offigia' quptallons:
z'gesdaay. Yes erdq7g
Good ordinary. -. L gll15 II2549l2h
Low E'41G-'L - IJ74gI2
MddlnE. ..-.......-......-.l5A - iSlIssSsi3t.
% - md % Il- LaIz 5la4 '/2S''/4
Tue market closed easy; sales Were
24gO BALE, of which exporters took IZOO,
spnners 1900 Spectators 30 bales sales
iuClu led 40 bales. sold last evening.
COTTON STATEMENT.
stock Segtern ger !, ls7i-.-.,......... z,0'Z
Rscetved sface last statement. 200 1901,
Received ously....-...-..-.--..5o,oi" 0s'o'O
shipped since last statement. 2 3O5 1872
sS4pyed preyiousi y..-..............-2oo54 $3.50
stock az noon yesJerdav........... lilo
IMPORTS,
Thus far THIS week S5
since September lsi---. S az
NJ. & r. 80 az
l. &NG g. $. Il. ............ 522
=. d NJ. r. r ....-----.-.....--- ~! ,!2
NJ q l. X * w. -..'....'''''' az
steamer ~
Estimated per Nv
EXPORTS. 900
Thus far This week hys5
Thus y last week D)ol
irce September .'-'''..--' S,S
NJ a q X. &c
4 q. :, n. 4Si
STEAMERS ~
Steamers uJ liLo9
BY rails north ~
By raj! SOU ..'..' ooo
Tnzabove com usres as follows:
1875. 1874 1873.
Received yesterday ...--..-.-.. 80. Los ~
Received iaSf Wednesday,. 1910 20 800
Received -iuce Friday .-.... l2,@OJ 62ooI % ~
10 'al since September -. i'29V 5599'19 30 10
SO, IN IS e>teriay .. 2,805 los l674
Totai sil zee -et TENDER L.. ,o5s 1o,s5.l l9.Z2o
-Tnl o-o. ,ug telegrsms were as follows;
NeE YORK. q'uist, steady ana over OF
binary, ~; 200 otolnS[y1 Ioso' AZ"
middjirg Is lt%l6ci middling, I4sci
sale, 1888 bales. a., ID
teIoweT: middling, 49,; sales, 1000 bales
receipts, 1899 bs es ...-.
liverpool Eas dull, lower ana easier
uplands, 1-l6d; Orleans D 'loui ssles'
10 600. balaa # which $500 was amer
can; receipts, 1000 bales Of which ooOO
was American.
DOMESTIC Markets.
TT1T,f Stqfe n Re Price
J,sjggTg WarSef els SIZES MiddttnG.
New 1T.c cans Easier 80 2r'oe -
Cralve fon......----. u CaA. LUIS b,W t,,,.. K
VI sDise --.-.------- y c. 90 - - ~ 80
saw uuab. J. sitf. 500 - ~.
CuaTl- ton --.......| lE J. clio lryvI 20
VI min gtl.I------ NpIulla 0,5.-- -,
r,rfOlE ..... Quiet. .2lOA .O' l5tS
rgaIr NOR -. pun. 90 - 20
New York. ..-.- quiet. ~ l,zo2 re
p s-ru -. steady. l5i' 81 l452
PnifHd j gLia.-- --- al
4 nsrsf a. .....-.....| Easier, -- -
st. l.8ula -.a--.-. Dun 10 I--L--L 80
The foIi0aipg were the changes il New
York fUtEfes:
---s----TT- OFENEn. CLOSED.
------
.2 D. 6lI8-s $50
Ianua. .-- .f8 aI5a-I6 3sqdl3 l7-;;2
oi .aIS I8 ,l-Itgl = Is l. Gals 49,
t-,tl --.-..--- rGSaiB l5-lO IL 81 80
= ii.t....----..-.-. - ia 5-3ZGlAl4
LiI5>1a IL S-IEal4s i,t2tt Ibs y - IA
NalE....---. -..--- d go il oil GIG