Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1857-11-04
Mlonetarp anu finaneial.
NEaPuIs D1n.T aPPEsI oFTIoE,


MISUNDERSTANDING and gloon stu enveiop ths
money ma, kes our merrhanss. hsrever. stsnd the erisi.
brzyeiy. There are ouf slight fears % seril1s failure IL
The 5Ianters opiHe those th,y have received a~eoommods
uca from IN this city VII honorabB Sad f0rwari hsir
stocks.
In New rsrs on the .sih T,nnsssss skies. 80 we're
sold af70e.
The Persis brought ont E2u 600. or enc million dollars,
in tpeeis. Ia he Bask q England oola bad in one ~eet
decreased Esss 90 In Lisbsn. Portugal. . ananciai
crisis existed, and an oulhreak n.m The pOpulaes vas ez-
pectsd.a IL VIENNA, Aussria, The nansy psuie vas
~hriEhtfui, trs national ioaus payable IN silver fssf 10
sOse. 8
In SeE YORK the Pcrsia's news had eased the money
market. The n 7. Diy Book Of October 2sh, says:
Our banks hive virtually resumei specie psyntut.
Thee 10 long ! boy specie At 8 pr MUM, but pay n out
hey have res0rtd % % slstslh themselves and prepare
for resunpuon has b-sn prolific OF god 70 themselves,
th9agh deaih 90 zoe merchants aad traders.
Comparative sialement u TIE ezpo.ts exclusive Of
sPecir) from Nes rork 70 foieiga ports for inc we,k aud
1856 1855 1851.
Total hr the week . 65I SIS I.ssI,IIs ISsf6as
Prem 'ass Ssp...-. o9013 So 81 6S2as5 @s7z2ts
sioee January LIS q, II4es5 sls72 s0l 50. 2ss.7 ss
NV roaK, Oct. 20. n The sioekhoaers Of ne
Boeery Bsrk intent winding NJ lhst concern
iAs ne1a says thai h understands tnat the steam
ship Fefsid brought ever a large amount q bills 81 a.
change, ofIsfhel certineates o. deposit, scoepted By Ia
nahA OF Elkldaus Bans % Liverpool and clint vel
sAo"nbankng Installations, for he paTPoss - oaytns
Cotton add tresdstuns in This county Thes= acc planes
o4Aben9s cerosely otlfd ortiaeaies OF depo-t e1ng
2sysble Al git. m money having sesa aepeaAealn
uhe diuervH banks On the other si1e 10 meet them, they
nsSer ne4uy Is vel here cor ne perpo e requires as %
much 50 d there. Bills are he'd Ia tins market a lViG
los per cent, rate esnsiiFz5y above these ruling hsr
ordinary sterling excuange. The amount OF thee eeru-
ncates - about 81 600 900. and bot Tor this new dnaneizl
arrangement The Persid w0ud have brought fuii IN
million dollass in sod
me LEDGER money article has a statement rezzrding
he pfunSrlNnufa Kane. STATING its liabilities A. ah1uH D
w. million independent ~ Ihr capital ana assets, which 1
are only a million and three quarters. leaving uo5hiog
for ths stockholders. Ehs Indications NV ~ thar II
vii 60 int iguidaiaa ana pfebabiy cut q sxisteucf,
leaving ., little tr - Shareholders as dc IL srsat pro-
toiyps, the Bank Of the United states. kotehodcu and
depositors viii probably BE- paid.
Tue Phladeipais Press, says:
II svery apparent mat the L0hdon bsnkfrs have Do
idea Of the probable eXeRt o. The tnOubie IN The United
statess and the ouiers sent out for igresimsut A. the
Nv prlces 10 American securities may produces trouble 70
IN senders when the fun fUre. u the storm breaks upon
tneir OSn Shores. Private Etvics represent tbs Englfh
banking houses IN New York a. greatly embarrassed and
their correspondents abroEd NEST share m their dlm1ul-
"a knEana than on the continent, where eseiything -
ZIP for a generai cJlsp-ei aud We truss IN Z ths Bank
u England VIII weather tse storm Witout being forced
suspend, though our hopes % that end ae not IN
niagled with msuy doubts aud fears.
TIE Baltimore Sun Of the 2sth, states:
There / better disposition anon capital Is for ne
on the street, and We b ard OF best endorsed
tper being sod yesterday In some oasss al lhal = per 4
nj a mouth The general rate, however Tor most q
be negotiable paper Is stu 2Gih pr o'nt. psmetc
Kehangfis = little hea y. The rates are. however, 81
bsuged, and he q~uotsurns are stni q per cent on
lev York SOS per cent On Baton, and SEA per cent
emium On PAiladaphia.
Ths New 0rlssns Crssesnfs report Of October IS. 10
orms rs that there is an improvement In the nnanda1
st1ures ia that city:
The general m0vemeSts to day in the money market .
ere on the fimifed order. There Is 10 paper market =
be banks did not discount anything. unless renewals
IN be termed discounts. IN ex- hang there were sales 7
Etlnf m New YORK a Z HHNA maF cent IHFcuuuE The I -
anal and STATE BznS- c,niuue 10 draw checks AZ 2 per =
mt diseount. There was not much d-ne in stsEling nor
francs sierl ng may osqasted a. f1sm g, s2S95' and s
aaes OF gosd and prime mase al 6. 30a6O
Fridays report Of the Saint Louis Democrat, says .
Business transactions are limited, 5 few bills are being !,
ade with the country on short time. H5thIng doing IN :
tcnange. Currency passes freely and We heard Of no p
Iuhrr discrediting Of banks
Al Cincinnati states the Times Of October 90 "a
The supply OF currsncy v hich has been large fT some ,
past, has ben lessenIng during the last two OF =
Gays. An active demand Tor monzy mas sprung a.
ID from parties in goOd standing aud C edit very few Of
hcm have been axe OF VIII be favored By The discount
ne marke. seems rapidly ~tghtehtng up aud We
~ l"ok for hard week The coming one some Of our
oRey operators d. not think ne worst has yet passed,
ID ma II VIII MT Dc reached until we mi1ue u The
mi : N nth. Exchange on New York Is arm and
4rce 81 546 Preu. selling rate. Pa
The Cincinnati Enquirer States:
rhe question as O. The individual usbrify OF the Trus- te
g Of the Trust Company al so5n be brought before our
QUITS. A suit was oommenoed against them on Fddsy
r that purpose, By Messrs. Thompson q Nssmlth. at
rneys.
In L uisvHle On Friday last there vas . more cheerful 3.
cling, the banks were giving increased accommodations
dlsoountiug more literally
The Chiesgo Tines Of tbs sO.h. complains that the n
snsy market Is fevtrish aud unsettled, andf IN a very IN Or
~tsiacory condition. TIE banks refue - discount 70 n
y extent, 90 that it is next to impossible TO negotiate 50
en- the best of paper. Exchange is no pientier, and sells
SOLO per cent. Gold is a. scarce as ever, and COM ba
ands about the same rates.