Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-11-04
FINANUE AND TRADE.

FlSANCIAL lNATTERs, owing to tn,
esslnoss OF money, are cheerful. Ex
change is very plentiful, one bank bad
$500 10 provide for yesterday, conse-
qI-ntly there Is a lively importation OF
currency. Exchange rates are very
num At discount buying on New
York, / discount on New Oheaus; cell.
ing on both at par. Gold was on the
decline, opening At 1859; at two O'Clock
81 quoted ll6i; the brokers here were
of5rlng MONA. The New York
Grocer, Of Saturday, reported; There
prevails al increasing demsud on the
banEs for currency, from cOrresPondeL ts
al over toe country, aud this has made
a aTgrr demand on them for money.
There is now a different feeling ab1u;
bIyluE paper; The recent failures have
produced a sentiment all through tue
thanking community Gverse u taking
the large loans Inst have been accepted
Of many houses known 10 be
specuIsjing While reducing their
lOsu7, t8e banks have advanced
their rates from and >! up u and
per cent, while coffee gold / aper sells 1T
II 20 10 per cent. Every indication
points % an active money marke. in
November and December, and this will
make 10 more difficult and expensive for
spectators TO carry on their policy.n
this remark il IN sde with special refer
euCc d coffee, but other speculative
trausa- tons come under the came diff
CI.tg. The vacillstiOHs Of gold, which
vi0r4tss between ll4l and liz, are exeit-
TH.1 D.
observes: "With such 8 slender stock
o. gold here, even comparatively unim-
pCrlsnt movements are felC. The ques-
ton Of supply, so far rs we can see, is u
determine the price until near the close
IL the ycsr; il has, since the treasury
bond aud silver policy has been in oper-
= ION, OVeTu!ed all other consideTa ions,
aud bids fair 20 do so until the stock In
this market II increased two or three
times its present amount Local stocks
and scrips wholly inactive. County scrips
quote lower, not OF account OF any de-
cIesse In value, but tecsuse tax payers
tske 20 little that the amount laying in
tlEiT hands is becoming burdeDsome. a
large lot wss tferiug yesterday morning,
bat q was he best offer made for il, The
st. Louis Tunes Of Sunday Says there
hsSc been TumoTs alb ut the German
la K there being affected by the en-
hGr.assments OF the iirm Of ADgleTodt d
Barb, TIE former gentleman, now de-
ceased, having been its president some
years ago The Times says the whole is
s rumCr, the successor to the old firm
having no business relations with the
bank
Memphis police and fire, b1ying ............S39S4
Memphis Ga scrip, buying. ......... 6Sa64 |
State warrant buying aSGt4
New Issue Tennessee, buying.
THE COTTON MARKET yesterday was
in all auamOlOus condition. Arrivals Of |
cotton were l5rge; at New Orleans, 49, |
O)0 bales, Et Galveston 6l00, at Mem |
phis 4lO5-sgainst 100 the correspond |
log day last year; al Liverpool 81 900. |
New York was 90 the decline al day, |
ending BE- below yesterday. Under such |
ctreUm JanCe5 Il was bat natural that
.ldeI5 should, in some instances, lose
cJara-e, making "sOft spOtsn in the
market, thus creating irregularity.
Some holders regarded the occurrences
oi Tie day IS merely temporary, and re.
fused 90 give way from their demands,
g ecil.iy in the case Of desirable fists.
As this is most suspicious period fJr
those who wish to buy good cOttons, the
o+iL q us "GAN NAiAEShNiy bpuSII Cut
and cleared OF, aud the consequence
was that the be days sale Of the sea-
son was made, 4iO0 bales. Toe nearest
ap roach ID II Wss October 2lst, when
! 500 bales changed hands; the next best
sales were 1909 bsles November LIST, 800
October IS b, and $500 October 29th.
The official closing qu0tst ions of the
Memphis cotton exchange were as fol-
lows: