Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-02-18
FINANCE AND TRADE.

/. MONETARY AFFAIRS, Ike other busi-
u sss, a-e duh. Cashirg and dePositing
re hum-drum operations, ard leans are
|ew aud smsI, applications berg rare
sxchsrgs bec5mes scare ~ cotton sa.ts
Decoms lghtsr, bIt the light cem>nd
prevents iCcoBvenielce. New YORK ls
|5uyirrg a. Z discount and New Orleans
H. discount, selling st par on both.
bold mad. an upward leap Ia New
fYors, quoting lI3i at nooa, on the sew
srth il quotes ll2l. The present is the
thighest QuytstiOn At which gold hes
s,losed auy dsy since November lSb.
|Ear round lots Memphis brOEe-s were
offering Il2!GlI23. City bonds have
4 ODg zen siagusnt and 80 remain; hold
Frs Ere Obtaining msudamUsss and
think they can DO better than sell at the
4Tfe Log Obteinsbie, and what that
7 De is nobody can tell for want q
transactions. They are a source Of
profit to the buyers, and Of steady
oss u the city fur law expenses. scrip
b. ia s.esdy demsnd with mOdeTste
Iamounts on hand. Arkansas State
.scrip Is inquired for aud firm at quota
'tions. The New York CitrORicle says:
20 The recent failures ID this city and
i. Elsewhere have caused an uneasy feel
4iUg IN some quarters, and We learn tina:
Ithe general reports from the whole
country chow slight increase in TIE
aggregate o, the disasters over last
1 year. 5 ill there is nothing in this re-
port 10 con Tadict the evidence which 10
multiplying on ali sides. Amidst much
tnsi Is discCu!aEiBg there is abundant
'gr)und FOR confidence that the process
OF s7riuEsge Is sa'u;aTy and gives the
prom sc Of an cary reaction and partial
revival. The list Of distinguished fall
ures OF toe past yea, published by the
IIolCoa Times, exhibits catsstrophss OF
the most magnificent am 2Unt. Those
which head the list Srs l. 6. I'm Thurn,
Sandsrsous aud c ole, each OF which is
over g 01J 600 Then coDss Young,
BorthwieE q Co, e, 500 600; R5bert
Benson, Ci,0j00eO, with many more
almost So large.
THE COTTON MARKET yesterday was
q Al on iJs back - The kilograms were
again tineUred with the terror Of Jere-
miah's cplebTa'ed woeful sentences;
Liverpool once more experienced de-
cline II Lied; New York was duh and
heavy. These tidings necessarily broke
all spirit ia our msike', and only 100
bales char gsd hands, and they at lower
prices, ss is seen by the ofhcisl quota
tions The Inquiry was light and prices
only nomiDsl. Low grades were held
very easy; there was some comp 3Tative
firmness in the higher qualities, but
nothing animsted or confident. 10 an
article upon the present position the New
Orleans Times, OF Monday, remarked:
Not UDfr, q1sntly do We hear Of q
farmer accompanying his crop to
market, employing his own broker, and
with the net proceeds in his pocket re-
turning home after a brief stay. An
opulent foreign buyer is of course aware
that an accumulation OF charges, but
adds to the price of q commodity pur-
chased, ard that only by transactions
with Iifst haud5 can the staple be
procured ct price which will en-
abe his pTiGcipal 10 compete with
other msnUf ,c,UIers. 4 growing tel =
dency TO avoid middle men, and to pur-
chase entire crops on the plantations
where tney are raised is becoming more
and more spp9renf. Even in the large
sales male IL the city but small pJr-
ton oftne net Ir 5cCets Is here expended.
Cotton az one ums was almost instantly
Transformed into dry gCois, boGts aud
shoes, provisions and ar icles Of luxury I"
Quotations a. the Memphis cotton ex-
CnSngs were ss follows: