Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-26
FINANCE AND TRADE.

THE FISASCIAL DEPARTMENT OF
busiuess during The psst week has been
active-0viug TO the movement OF cot
tou-but the samenes, 81 operations
fym day 10 day affords nothing for re
port; esVc isily northern, j. in great
excess, while Inc demand for i Is COM
pauiveiy smsi, the consequence il
there is 8 heavy importation Of currency
going Oh. Rates are very firm, and
-..Itling a. discount on New York,
u1 New Or.ag discount; cling at
par 90 both. Owing ID the amount OF
wheat, cat, corn and other Article Ct
home con-umi, ton tnRt mas bgcl raised
rli- ear in ;ne country around, planters
fad some money la't ia their pockets
q. n-u theig cotton n sold. 80 far a dis
pos ion hes been shown 10 pay old debts.
aud stand clear in The W rid te'ore
10 King pUr,tl1ses This fact is hailed
- a good E.gI 81 coming prosperity and
Of better uUc5 l. the south. DebS
paid, @ man can work with courage, and
ulO her season will show happy results
iu proportion 81 iaey are cleared off
@ D. has been fsl.igg; on Friday week
New York quoted It At IL; today il
las been a. low ssl lit. Brokers hardly
knew Whist 10 offer Ia the uncertainty Of
tie mark, aud ll3 and 1874 were as
much a. "- heard them name In Iocal
saoUri is here r. sbuUda1ce Offering
barr in-ur.nce gas and railway stocks;
bu- l4es5 .s $50 I.g.i Y, and We have DO
transactions 10 Ieggr.. Fire and police
scrip s heavy; all other tsx-paying
s0Eigs are yeiy trH. We repeat quota
liOls:
y .ll plls police and IRE, buying. sSj
Memphis TAX -er D., buying }se5l
tHau.y warrant, buying -
STATE warrants, buying .............. ggi
S-w Issue, tennessee, buying. .2j.g0
OUR E-yIew Il the cotton market 4
W. IL az r.a red niddling cotton in
NJ E.EE -' l4.g, next day ii declined
ia-i#n, ug on Monday advanced to
IA Toe, uL tuesday it was l4Ic again,
aa W.daezisy ~ r, and on Friday was
J3sa 0 q 3 l6c. rhe quotation at New
Df,sIs VS. l3sc, which on Tuesday
ruak 10 j.. =: on Wednesday to l3c, and
o. IhuT-isy h - Ia Liverpool the
quotation vs. "a. which advanced next
cay % = (. hUt on "Wednesday fell ID
i-I3a iG5 quotation 81 Mems his was
I5.c SLicl q c'iBed on Saturday, TO
l3 5-lbr, uI tuesday TO l34c, on
We'd G. day - y 1916, and on Thurs
day TO I25c but on Friday again stood
=. y I5-lo'. This st4tement ofthe cOurse
Of price shows thst the week under Ie-
view aaz been one o! fluctuations. New
Turk declined 5.l5c, New Orleans dc.
cIiGtd &c, Liverpool declined 1876, and
Memphis &c Ia connection with this
]. D. Gu- f.tr 10 add, also. that gold dur
liz the We X fs'l g. and Was evident
ly Oh tus Tsy 30 Sc over figu cs This
z af IN a fliF
Che next figeIca was advancing re-
ept.-l+5 5UJ bales st the ports, against
1870 tb- me week last seas0l Tie e
Il afss, lt viii be seen, are decidedly IN
T.vsTs be 80 Advancing puces, aid ia
Eet- connection u may b. worth while
e. remind Ia reese. that re ;sip5s hSd
hitherto been backward, from lateness
Of crops .ut Sickness prevalent
among lue TuTkmeu. Some frost at the
early psr- OF th- seek b IS &. creased tue
iua..gls, and he days have been bright
sud pleasant, favorable IN the highest
degree 10 picking. ibis improvement
!gill Gauss an increased tlDw IF C ton to
market, AID that 1Ow-uGless counter
Ecl.ag CircUms a8tes Oceur-will be IN
favJl- BIZ - prices, as it viii increase
strer- sad elevate the estimate f the
t.ta. crop. Tho down wsTd Coulss the
.-qUesz Z" in New Yurk--tbe battle be-
tween he "sHYTtsn aud lhciroppOnents,
tie cotton gamD.iUg, in pisiD English.
Tlis auil aud b.. "iJfiue nee is liable To
ateu ia q az line OF en- where least
tEgeg-ld--Ld give pices an upward
cr dJEuaart direction, frequent Y just
Wen TN ua u-a! course of the market
indicate quite The opposite tendency
'.aui. ! .e c. lua. cannot be included
.g ordinary lRaccs, bot should always
u.r-Llr.a ssrcd o. Z factor tina, puts all
common sense fTetnuuRht n fault
ELl .lH..i.g prem un on gold Is also
cru....u a.iy interfere & With the course
OF price. ana j 5 pos Utilities must not
D.. f.rEsfi. 81 when Dc IL Ia elaboration
with gle auie- u sell or hold cotton
sGii % .a-Ler point las to be
tsEau iasg cons. eTation-the official
rau-.t ~ :,a ysr.yUs % ton exchanges
.H OF .rtl au8Ds that have attained
certain a.. HaTity. The Chronicle and
NaIlgrz 1lIsgu reports are receiN ed o.
ra.uf.4-.a s. having sG authority or
none, 4 l1 IL nov appears likely tost the
T=a3Fts ~ IL National cotton exchange
will bs Esea a a weapon lCr, or sg3iEst
btu. ia cur market there has been
duIag some p,It % Of the past week,
much aUEi-Ty 10 sal, LO.dtrs fearing
Vet fIrlh-r declines. she receipts have
been literal and are iucie ising; the
stock at tae end 81 the week was 30 800
balsa spaiast p 100 bales The week be-
FIRE. III anxious fgeiEg We mention
IS r- 10 uetrs universal, while rates
were IoweT5s in many instances TO effect
sel-s. Ems Of our most experienced
holders covered their tables and re-
Ia ed d al bale 81 the reduced fig
70 .vsaeal1n hof aT .Do1h -
cline h9tf expOTtgrssnd spinueIs bought
esgaJIr. sp.oisl.y the former, who took
$500 - e. curing the week 10 $500 taken
b. .uiuuaIs. The total sales we're - coo
l.Iel szEi. =. $500 th3 week bsfOre. Ga
Tuesday tGa lBrsest days rae OF the
season, 20 far, WzE made, 400 bales.
SCARCELY any cotton comes to
haud LUt low middlirg and mid
1Iisg, and SO much ale lower cottous
rala ve.y mora valUaole than higher,
ig-, IL this moment That low middling
lE- not SELDOM obtained within Lice of
tie grics f middHBg What is still
more startling is That orders for strict
ordinary cotton have, in some cases,
been flied g." IN low mi idiirg, and even
nlidd ing rntsDn. Our report Of Mon
davis market below, contains the latest
telsgrsms and ofiicia; re,uTr~. Watts
tob-- ST., aays the week preceding s,w
.ae lsrEa-. business done since Al ri Stb,
tv ntv-Eye weeks ego. "Itis said tina
both American planters and fact Drs ave
so very poor that, however low prices
ro.v be, they cannot hold-thst they
mist .all-tEat trade in America Is very
UsI. Tse sctivity hat has characterized
our market this week has been due
mainly to talegysms from America re-
g..t, Z very anisv liable wea her for &C.
cu-iua slscrJp; 10 tie very low prices
c4lreut last week; and TO sh3 extremely
low point 20 which the stocks Of co.ton
MD ny tie trs0e had been reduced. The
U14E rate was yestsTJsy advanced from
g4ar cent, II which It Vas fixed on the
D. 81 o. AUgH-t, 10 y per cent owing to
large gituaraWals Of Z; Id for export, but
flis has had no Influence on our
market
Receipts II Memphis during the week
arrLg Friday aERrs gatc1 1850 bales,
-~ar,,at 12Gll hair- tAa previous week,
md IJ..9l U4ias the corresponding week
Ia-t sqse0.. The torsi receipts since
= utsnls.f ,, 1873 are 1850 bales,
a~,!nst 81 .7Gz Al Ire corresponding time
lit season.. showing 5 decrease OF 1902