Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1858-10-29
tl0nftarp anO finantlal
LILLE pKILT aFFE.L offloE

FRfuAN Octobef - tooo
NEW TohK The Herald, Of osober Is. b, fay
Tue mgvsment r. st7cks r. the pasi ~eet has been the
nest important that sc have had since February set, it
has teen marked by dceidd symptoms feutsi1e paftAea-
patton In tbs bushes Of he stock Ex,hanfei no5 Or
G ur. e. On q scale similar 20 the operations a = : zee
ruHrs. but quite distinct enough 70 warrant the oelief
that q NV Imitation may net BE- far distant. hedemana
for Ftsie so h has teea almost unexEmpled. Brokers
report . steacy sucessi n Of orders for ttste teeurih :
for iurestmen. from pArtes who ueFer held = state stoek
before in their lives. The utter impossiohtty Of h.alns
Itoek bsiow ninety a highly dcsirab e purchase, ard We
are not surprised Al TIE Tspidiiy or TIE sieadiness q the
But Tor the fear that the states may avail themselves Of
the rise 70 issue new stock. it would be safe 70 predict
that before the let o. January al the a st class ,iE per
which have led TO thedemand for aad risei In SlatestoeEs,
have Affected nearly ss strieiugiy the bsst class cf rail-
road bonts.
As 81 instADoe Of The "a Ct ofthis sIurse ell vsstmenh
We give The flnsvins sales At The Nov York STICK Ex-
charge Of Tens,s &c SKIES, 1890: ooi5bsr 2ist, $500 At
81 had, 1000 al 81 $500 At stsi ga 5000 81 siA
5000 stsgK.
The Neri q tbs 2Si states.
The sEces' Of the msney markes IL party running into
State stncks, but the gTat mass cAsnot mi p'soenent.
ard rates for loans are esss a. 1k43 ard D csnt- II
that In Landsn money j. cas- ST 2S92hE Ct. for dis-
counts, While tbs bullion n bank has run ~ 10 hG&
miniors q dollars. The Bank o. Engisnd hiss not low
cred it rate, which the Landon TmB accounts impo-
lite Ike putting up q dan AGAINST imagi7sry fpeeuls-
ti1n, which must b earr.db force very soon. How
ever, there Is 70 disp1sitien 70 speculate M L=nton
He1ss points ont that many home ersica . seeuriues are
~neglscttd, a. our State . ocks have besn, thouRh below
par, and inviting 70 men a capital, n they have conf
denS. DistruSt seemseTiemie At home and abroad, ard
checks the tendency 10 ~ '~cuation, which a fupertbun-
dance Of money generally follows.
The payments from Treasury have eKoeedfd the re-
e=ipts this week By ese3s0o, which The banks have
gsined, 50 that the bank rturns for the web vii show
prOba ~ an n creaf of specie TAe banks stiu md thelr
balances q deposits IN hand increase, End their loans de-
crease.
and low as tho rates are lhas sem likely TO be sin lover
CAL loars range frvm ~ , an 4 , cent. We observe
also this week q marked beginning Of speculat on n real
e tste New York City lots are going Up, While rents
and Interest Of money are going down. The discount
brCksFs are tran acting a very small business a. , and :
, cent for nrst c ass eBd5rsid Tapsr 60 u 90 days; 4 to
8 = oCnt for : 20 8 months DATES, snd : TO J for single
names.
Toe ssms psper, Of the 2oth. faFs:
The market h uedsraie,y supplied with sOuihsn bills
Of watch there is A go0d supply, hoE1v 7. held privately
10 he South. the hOH - Et pressing them- btnkers
Stirling is steady AZ loSS9itoAl VITA mderat7 sAes
Francs, S i2H9sIa.
Ths Herald, Of the 25sh. reports:
Exchange on Kunsps, thoueh loser than Il Was . fort
sterling al lOsa fOr merchanfs bins 10 10 for the est
bankers; francs at 8 i1hG5lsAG5 IS Thrrs + no
change IN the value OF money. Several OF The banks
have ben ca ring Money during the week 81 three pr
'ent. and Il is probably more paentiful e that rate than
Il hes been latiy. We hear OF no considerable transsc-
items bel5W three. though, Of course, many leans are
mad on private terms, and probably below the MARKET
rate. Mercantile paper 10 30 very scarce that TIE banks
are greatly embarrHssed 70 maize Interest for their esp
ital, and, from the duIlnsss 81 trade, no new pap=r ts
msking- The F,b-uary payments will Be very light IN
deed-llghter thsn have bsen known for years.
Terressea cwr-eprv a. onossd II fLATE dlscaunt.