Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-03-23
FINANCIAL.

Money matters remain very much the same
as heretofore. Notwithstanding the persistent
efforts Of some 10 create a panic. On last Fri
day "A rumor was industriously circulated thai
some thirty Of our largest AGusss had gone tc
protest. We inquired al "a numb-r 0fth prom
.nent banks and could learn of mono there, and
pronounced u a sensation cauard. Yesterday
the same report was revived, and after diligeni
Inquiry. we learn that il was likewise false.
There Is but little doubt but that some Of the
houses who We're operating ON a small capital
viii find 30 very difficult 10 weather the storm,
but we can see nothing in the stringoncy OF the
market to create "a panic.
Exchange remains firm and unchanged.
Gold is quiet ana hat n p.
There is no change 20 note in Currency.
There is better feeling in regard % seven-
thir,iss, which have advanced from % 10 par.
Uncurrent Notes are quiet and hrm at pre-
yious rates
Other Markets.
The Cincinnati C0n,alereiaL Of the pth, says
4 t3orciock cold was loweriu New York than
IL has before been since September ., 1853, when
IL was quoted ~ Pr. only p below the figure
Of to-day. IL WOuld he much 10 lose II this 2
could not be thrown oil entirely, and The sOlu
reality OF specie be again had for the basis OF
the business OF the country. But little greater
stsgnati0n in business would he uadlized than
in The present period OF uncertainty aad doubt
and rapid recupcrauon from the jar that could
be had were not the perUieNIng question Of the
Government crpdIi in the way. That point is
the embarrassing one in coming 10 the conclu-
sion that Congress and the Executive should
take measures TO remove this Us Of difference
between doubtful apprehension and substantial
with this quotation in New York, dealers
here are quoting tleir buying rate al = pre-
MUM, and their selling az > % 2ata premium,
though during the morning they bought at D
premium. ~ Is their policy 10 keep wide mar
There was a little heaviness in Exchange he
cause of a closer rub Ia Jh- movements Of eur
reucT. not because OF luE increased supply OF
Is cor any material falling OF In the demand.
Fifty cent. premium became "a rather eNcep-
.iOHal buying rave.
QUOTATIONS..
Buying. Selling.
New York Exch- par6gj0e psr ". i00c per ~.
Phliauelphla----paf9J5c per VI. luOc per NJ
Boston -....-.-..-par9 per NJ. lU1c per NJ.
BaltimOre-----par sc. per NJ.
Silyer---------.lSg-ie Pr O9Z3c pr
pr S92a pr.
tuCutes--...... &c us. lCuls.
The Money market IS a uttle harder, under
increased offerings OF p~aIer-oHeriugs that rep
resent no new enterprises nor any vitality IN
business. but mainly a further Certifying against
the period OF Stagnatiou that nearly al branches
OF TRADE have struck, ard in which hey Will
probably dwell either until sold ascends, to
start a new era OF speculation, or until COM
mOdlties Of foreign ind a shipping
level and become generally adjusted 10 IL.
government securities were TESS AttINetN
handled to-day though quotations for all classes
remain as they were.
The Louisville Courier, OF Pie 18th. says
Money rules moderately easy nj the same
rates. Gold opened in New York Al l4s, touched
as low as l274, and closed al ~ Brokers were
buyiug Gold to-day at l2o, and selling at III.
The offerings were very light.
Government Securities are in demand and
quotations are unchanged.
Exchange more plentIful-bgylng a. 10 and
selling AZ i-l0 premium.
Gold :! = 81 ~
silver dollars ...-.-----.---.---- .--
Silver is ana As...-.......-...- I "A
silver dimes and half dlniEs-- ~ .-.
iFlittl - as
FIye-tweuty cuupons-....... y -.
Teu-iOFty coupOns----....-..-. . -.
The New Orleans Picayuuf, Of the 18th, says {:
The general market has been unusually quiet
to-day, ami with regard 70 osr .lahinE staple,
in particular, the movement in n has been OF
moderate extent and at prices barely up TO pre-
yiOus quotations.
l27hal2s4, and after g limited business, closed
al lZsul2Ss, against l3ot2 iast evening. The
sales included $500 at l2l4; 5000, sac ans
5000 at IDS; 5000 i'm two sums at 425l4 and S2J1,
SOW and $4,000 at l2S%. A Gold check on New
York for $4,000 was passed at per cent pre-
MUM.
Nothing Of any moment t1a4spired in Silver.
Dealers pay l20al22 for the small amounts CT
American half-dollars offered al their Ounters,
and sell 20 23al2j. We have heard OF no sales
Of Mexican d~s.a.s,
There was a fair supply Of Foreign Exchange
on sale, but buyer d~enlaudeu concessions, to
which drawers would not submit, and lie husi-
ness Wa consequently 9p q ifouerlie scale
with rather s. downward tsnueGcy H. rates.
The sales Of Sterling included tl6Ol clear, tl5O0,
and % large amount OF bill Of laGing, al l6 q
moderate amount Al 1857; 10000 at l559l33l
Eal0 and q small sum at l3i4; ti0JO, Ela0 aud
tat- a. ~ t2fD az ia7i4 ElA0 A az l3ll;
5000 4 To Ers.-Egs at ESi.ul3si and f4JG0,
IQO0, l2tJ ana 2laJl al Ia, - frgHcs W" noticed
sales OF 10000 70 / commercial. e0,0J8, ilJ,GuJ,
10000 and 9J0Oe4l al iAj and b,Otd, t22O0 and
5U,U00,l at 4.i3E. Sterling NAV be quoted at 49,
ass for bill Of lading bills, I3534al51h FOR
good eissF. a-9 i7Hdl3S for A 4 20 hTst-ciaSS.
Tho supply qi h~GHes,tc Exchange continued
moderate. cut rates Fuiai mos .R5aser { Eu~-
ers, Tie banks checked on New foTK ebFly m
the morning al @5s discount, but later IN the
day was the ruling rate. There was q very
good ClCli-r demand even where tney checked
at Z throughout Zoe day. Late last evening
one bank check for Se940 was passed at q.
me sa!e> outdoors ipelndel lG0QJ SeW Zork
sight at = discount! sla1,la 1900 y four
amounts, 4UO00and $1,000 az y aiGieIlat p, and
a further amount az the same; E5O,GuU one days
sight at 9-l6, and s25,161 ut and a moderate
amo-gt ~ thirty days at ~.
IN tncerIe4t Bank Money we noticed sales
Of 5000 Sank - louisiana bills at 6Dc. per dol
lar, and 70 auction, 81 ReyR II louisiana at
59z, and IL small alaQua al q far u4Isp baalk.
and 81 for Louisiana etste, We quote Bank OF
Louisiana az de5t. and sa1Aa0c. DeE dollar hsT-
chants Bank al 0a79. aud s2aS3; Louisiana
St9te fank az 1NaSl, and S5a5j; Bank Of New
Dtie4tes = 34sA ahdsla95; and Crescent City
Bank and Union Rank a. about the same. The
inside range OF me above ngtires represents .he
rates paid by dealers Tor the small sums offered
az their counters, and the outside rates the
lgcrSet for round amounts. City Treasury
Notes Fup3 - hGA4 per cent. discount. They
are ne genera Hie4+fm Of exchange In our
local trade, and are received hg lqib state and
city taxes.
TheSt Louis RcpuJlcoa. Of the Dist, says;
Ths &Cpey market is active at 10 per cent.
S9la oeenlSG = Esf cent gom YESTERDAY
ciag TO - declining 70 lZsa and closing al
Bankers paid E6tZ7, per cent. prem. and
sold al 2saGS4 per cent prem.
Nay Nork Exchange Is scarce and firm nj
- per ge9t pisE' buying, and - per cent.
Union Military Bonds are IN active dea.an1
and very few Offering. Bankers paid 81, and
sold al S3G90 for 1855 ates. lS3d ates are bought
az lUl and sold al i03.
.1~ogarnIaents are steady. The quotations in
New YORK las g99rniur were as follows: a.. 5.
9 per cent. ISL bonds, rbis =. s 3 per cent.
5-N bonds, 1859 I. :. 3 per cent Ib-iG banls.
GJlS; L. = @ per cent. Pa notes, first series. qg8
q. ;. Q per cent 7-@ notes, second and third
Lsrge seyen-thirties are very scarce In this
market. Babkeis paid 99l. AMI sold al l00. sc-
crued Interest g0sGg ~ tle SCI er ~ on cases.
Quartermasters ch6CaS rehl4la -uuAhaaaad
rates L9tp per cent. discount, according 68 Size.
Five tWenties are bought AT 1893, and goId al
1922. interest 10 buyer.
Compound Interest Notes are coming IN more
freely rates same AS Yesterday.
COMMERCIAL.
Cotton.
In the afternoon. news nom Asv York ofao