Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-10-23
Northern Finances.
OF1cs OF TIE chicago TIHEs,

Thur.day evening, october 16.
The principal fsaGn5e In the meusy market TO-
day was the unsettled state Of gold. Prices
we're irregular in New York, and consequently
dealers here were very cautious in following up
too closely New York prices. Early in the day
sales were made At 134, afferuard Al l3lDi32,
and during the latter part Of the day the quoted
suylug rates over the counter were at 1884 3I34
with SO much ~irreSularity in rates, quotations
are very little bettef than nominsl. A sale Of
2oiOUO was made yesterday o. 1873 Whattruth
there Is in toe report fram Espa York to-day,
that the banks will rsfsse - lesd moasy on gold
We are usaDlo 20 say. Ths report IL dsnisd By
= subsequent dispANh. The tslegrssh reports
that the Stock Exchange are considsnnF the
propriesy Of exPUnging gold from The list A
good many people may De foolish enough to
think that if tsis step was taken it Would aslp
the currency which is now 80 FsBi6ly dspFsciat-
ing Tha osIy thing taAs wozld kslS the Guy
rency and stay the tids Of spesulaisa which i.
now sweeping ever the cosHEy is for ths gov
srnment 20 stop is Paper messy aasAfuss, aad
take ssms sssss EsisA vii lad % "a Ssrly 70
surn 70 spseis Pay@aua.
The loaas Of the NV York city bsuks have in
creased about $40 008 O9o siRss ABHi Z, uhsn
there vera 30 lsEAlts8dsz Hstss IN STealaaoa,
and besides this snOEak thHs as Bfobasiy
about SEQ o o, coo mers Tres me decrsasa in
loans usoa strictly busiBssa srsasAsiOas, max
ing a toal Of SO, 000, 900 lsst cat OF ali a.
the prssszs tine BY ths NsH York ssaks, On the
deposit with Sh&1 Of steek eollAssTsls. TRis in
cease Of loans spsrst~s precisely Like 80 mush
expansion ef lsgaltsEdsF notes, sd infates
prices il The same Eesnsr. Ths fusugs eourse
Of pficss in tks stock and other makes de-
ponds entirely on Toe exPSBIiOR or eohtrscdOn
Of the circulaSag medium, il the shGss OF pa
Der cRFFeney or bsEk nat dsResis.' Every
body eaR thefsfefs reason win toienAble aecu-
rsey on the fsai issus of this present Gds o.
speculation s8hiehi is rolling saroUEA 81 street
taking with Is stock securities, Rad it iS destined
Of course 80 weep through svsy Descriptions Of
property, ia the rate thai the dsprscAsiOR OF Eae
paper czrrszey progresses.
The lsss New YORK bAAk stasa2sst shows
another large AN III thA LESS of lsAss had lie
p3sits, Carrying ne sbs foTmsZ b zsEly ems Ass
bred snd seventy nilisss As this has docs
not embrace shs ceTtiueat-s % ths Treasury
sesring 594 y csat 8oT ell she stocks Bslc
for the bsrss n the dsparsgsss st Al5Asy -
security for their circulation, tasTs j. probably
over two hundred miljsrs Of issersst 5ssHas
securities held on = cagifsi Of $50 l25 900. TIT
increase on the specie average l. nss:iy . mil
ion Of dollars though a telling Average a. tn
close OF the week TIE raH0 Of specie tO-circu
alton ami dspost is 22-82, sgsinst . 50 Pc
cent. last wesk.
TIE New York Post, of Tuesday evening
says:
Ths svsat Of Wal sEsss ls-3sy i tbe ruddsl
riss of three per conf in ias yalss Of geld Tia
Grst sales q tie dAy Vsrs At 13I, hes 1872, an
finally 1885. vas paid, ~hieh fgHre Is not main
ssiBsd A. me Gloss. TBs clssisg SALES are a
1924. with but lstla ofsrsF on saa a&rsei
Ihs stock exchanges disturbed by ne KiEs Il
gold, is very active ERd baOyaRs al = lArge a.
vance in t5e speculative sasss The rsilual
stocks are Il - 2 per cssh hiEasr ssd chang
hands il ls5ge quantities. Fhs tEAAsaCuOzs il
New York CsREAl se snail, the sssek beinl
strongly ksd a. full prices
Alter ths Board Esw York Central sold 70
1851, and that was bid for msTs.
There vas an advence OF q to 5 ger cent il
Fort WsyEe stock Cumberland eoAi is hrnl a
i6c. The cosl ssCcks are very snoug End II &
2 per csI. bs!ssr.
Railroad bonds are ! 10 2 per cAIi higher
Enc thirds touched 1854 tAo fSmtss 1901
Fort WsyRs thirds so Toledo and WssAsi
seconds 595.
The Government list shows . rise Of 90 ! PEI
cent. in sbs skies Of 1881, ths 1880 notes, anl
the coupon Gves Of 1874
Money is in good demand at 5 70 6 per sent.
chiefly at >
Dutjablg demand aotes are active, apd have
been sold Al lbs 30 I2S!.
Exchange 90 London Is excited a. l454 20 1T
for FIST class bills.
The Cisy Bsak hss declared a dividend Of
per Gait payable lst.