Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1862-04-05
ON ,Change-Busine.s News.

The business done on Change yesterday was
very small
The aggregate receipts of leading articles yesterday
10 sacks beans u Kegs butter IS casks bacon,
l65 sacks corn III head cattle % boxes eggs 240 sacks
and so barrels -four 33 hides IL horses 56 sacks oats
barrels lnseed OIL barrels and casks pork % sacks
potatoes 30 sacks salt 10 boxes soap 70 boxes tobacco
50bsels turpentne 92O sacks wheat IA barrels whisky
We extract the following from the circular of samI
Hallett Co., prepared for the steamer leaving New
York last month:
The events Of the past week have been Of unusual
interest and Importance and have excited correspond
ing influence upon financial and commercial affairs The
banks have again extended important aid 20 the govern
ment by making large loan Of treasury notes, which
henceforh 70 be used specie in the settlement OF
balances at the clearing The treasury certificates
of deposit are be used for the same purpose Such
arrangement has the effect to put Immediately into
circulation large amount Of notes which have been
aecumulating IN the banks which are now in CONNER
mercial transactions, the equivalents of money, and
which greatly facilitate the settlements between the
banks We thus at last fairly launched for better
or worse, upon the broad sea Of paper money. The
result so far certainly agreeable as everybody appears
to be benefited thereby Money is plenty Business
reyves and the expenditures of the only to
tend to increase the national prosperity.
The leading transactions in the market have been in
these. They still firmly held, though the large
amount that must speedily be offered will prevent for
the present we believe, continued advance Govern
ment wants money by the hundreds Of millions and
though the country apparently never richer yet
vast cannot be supplied without making money
active which will have effect upon governments if
not upon all kinds Of securities We entertain doubt
Of the ability Of the treasury borrow all that may be
needed, but party with vast whether il be
individual or nation, must pay pretty ueh in proper
ton 10 its necessities Such viii be the result however
unelouded the present prospects.
The new batch Of treasury notes must make
their appearance. Their influence upon business and
prices Of all kinds will be most Interesting subject As
they TO perform all the functions Of money do
how great imitation of prices can be helped to
he aoffh
standard or measure Of value, We anticipate a large
increase in our foreign trade notwithstanding the proba-
consumer viii pay with his treasury notes while the i'm
porter must pay in coin We anticipate from Il s cause
an increase IN the market value Of this OF all other
articles
The New Orleans Price Current says:
Financial affairs in such peculiar position at this
time that there is properly speaking money market
in the usual aeeeptaon Of the term The rates Of in
erest for money are no longer regulated by the wants
Of trade and chiefly, heretofore for the
amount Of business going forward very contracted
as require not 1.-THE, perhaps, of tbs unemployed
capital which has accumulated in the city Many par
ties have invested to considerable extent In bonds and
stocks but prices for the best paying descriptions of
these have deprecated much render further
vestments in that way not very desirable.
Under this state Of things money has become much
cheaper than have ever known il to be before IN this
market aud borrowers can almost dictate their own
terms when they have anything in the shape Of salts
factory securities to offer. Mortgage notes, secured BY
desirsbly located property, taken low at 10
per cent and first class factors aceeptanees AZ to per
cent per There is very little paper Of the kind
we have referred TO ahoat Ia there much OF
any grade offering AT the banks but little business is
done beyond renewing matured. obligations.
The same paper remarks concerning the provost mar
shaI's tariff Of prices
The parties chiefly interested the producers in the
Interior Throughout the entire season. although few
spectators dealers who held large stocks have prof
tied by the In prices yet farmers snd graZiers have
derived the principal benefit Every advance Of hOur
in this market has caused corresponding Of wheat
in the country and neither the miller the shipper or
the merchant has profted by the improvement 20 the
| same extent as the producer