Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-07-04
PADUCAH AND MEMPHIS.
FINANCE AND TRADE

THE banks had the usual routine bust
ness yesterday that accompanies the
opening & the month; the only feature
was that collections, while limited, were
made readily. Exchange was dull at
the usual figures. Gold was again quot
ing al III. in New York; the brokers
here quoted lloi. Nothing doing in To-
cal securities, hut fire and police scrip
was letter, and we now quote it at IS
and looking ny; for a round lot 50 has
been offered; sch0oI notes s79Ss; coun-
ty zcr.., 71lI75; Tennessee State notes.
80, Tennessee new issse notes, 90. The
Chicago IIttJGle OF ThursdBy save: "lhe
position Of borrowers is one f consider
able advantage, but il is one of the pecu.
4aTit!ss ~ tbs time that borrowers don't
want 10 borrow. The persons who usU-
ally keep ine funds OF the banks in act
i've operation are now doing their best 10
Keep out "a debt, and their business gives
.4en lille paper 10 discount. Il is one
% the results that there has not been 4
previous period in the history Of the city
WIel tEe condition OF trade and manu-
l3-.U-e7 was more sound aud FGbstan-
Jla. hales o. discount at the banks are
solo per cent, with concessions OF sew
erai per cent. readily made to good out
ii e. DFTrOwefs.h Toe Baltimore Gazette
Of wednesday reports: There is the
usual distribution OF merchandise going
oE, but there Is 30 life or spirit in any OF
the markets, nor - any immediate revi-
Val Cf business actively anticipated. The
crop prospects are, however, favorable,
especially igT ceTes's, and good fall bust
Des- CZTf c ed. or at lesst hoped for " rhe
New OlesBs Times. Of Thursday, saws:
Tine isvJrUJ.s weather Cor the growing
crops and the escape, thus far, from all
the incidents calculated 10 impair the
proposes Of theJ planters, now gen.
ersiiy regarded a. eX client, have tended
90 Keep the money market quiet ard
easy. In financial circles the feeling is
that fstO8g confidence In an approach
ing season Of prosperity in this State.
Already there are felt the first move
meBfs founded on these encouraging
prospects The demand for money
steadily increases, and as there are four
weeks more, will suffice to enable all TO
decide shat the crops will probably
yield. A lively business is expected 20 |
set in soon in the money market, in
which all other departments OF trade |
ana commerce will 81 aTe libt rally" |
The latter feature is also observable here; |
the demand for money is increasing |
qu-ety and gradually,
TIE COTTON MARKET yesterday was |
% the Uscsl Saturday spathetic kind, |
ye- SALES were higher than for two days |
bsiore. Z LIS WIS owing 10 q single /
Spinner buying eco bales; all the pur-
cha-Cs beyond That amounted to only |
100 bales. The New York cotton ex-
Chsnge was closed for "the Glorious
Fourth, and Olker exchanges will be
closed tomorrow, 50 that no business
kilograms Will be received. The teIs-
grams %; the day showed no important
modliicstiOn 81 prices; Liverpool was
hrmer, Uut New Orleans was lower. In
our market rates remained unchanged, /
the Inquiry wss again mostly for good
ordinary. The closing kilograms were
A. follows: New YORK quiet at I5sc;
market closed. New Orleans dull and
lover, Isle; sales, LIS bales; receipts,
DO bales. Liverpool quiet at "a: Or. |
leans, Z J; sales, Zoo bales, q which
300 halss were American. Savannah,
late; Mobile. l4lc; Charleston, I4ic; |,
Galveston, l4!c; Wilmington, Il l6c; 4
Baltimore, l5c; Norfolk. l4lc; Boston, |,
l5ac; Augusta, late. Gold at New York, Il
three O'Clock, ll7s. The following are
tie official quotations OF the cotton ex-
change: