Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-01-21
FINANCIAL.

The recent alarm In the New York money
market has subsidized and once more the quota
lions have assumed the same m~onotonous tone
from day 10 day, and as we learn from our eI-
changes the market throughout the past week
was very easy, and the best stock houses were
able 70 borrow easily at from 8 to 6 per cent, on
call, hills Discounts for the best and fair Paper
ranged from : to 10 per cent, and In Gold there
was but little speculative movements and the
rates ranged from 1895 to 1857.
The Tribune OF the 18th. speaks despond-
ingly OF the Stock market Of that city. II says:
$50 long a. Government offers superior attrac-
: lions for the investment or money, the effect
must be prejudicial to other stocks, and there IS
( certainly but little in the prospects OF Railways
during the current year to create an outside de-
maud for them. The market is therefore likely
TO be under the Immediate control Of the specu-
lators OF the street for some time, occasionally
favoring the Bulls and occasionally the Bears,
but without possessing real elements OF
strength. The bears appear 70 have covered
their contracts 70 such an extent as to give
them a favorable position for fresh attacks, and
what with the discussion Of financial measures
looking % contraction, and the diminishing
business OF our Railways, we see nothing very
hopeful in the immediate future Of the stock
market"
EAehAhkt.
The demand for Exchange yesterday was IN
usually heavy, without, however, affecting the
market, which closed at our previous quota
lions. Numerous transactions of amounts
ranging from one TO five thousand dollars are
reported at Z OF, and selling at par, ard also
one sale OF SlGo,G9 on New York, at the same
figures. We also continue our quotations foT
Exchange on New Orleans, VIZ: sight drafts 81
par and selling at = per cent premium. Time
Bills for 10 days range from Ito Ia, and 50 day.
alta.
Little or nothing was doEe in Specie, the
transactions reported were small and prices va
ried, ranging nom SO TO IS buying and from a.
70 a selling, Tie latter being an outside figure, |
although there IS q strong disposition on the
part OF the bankers 10 hold their Gold, rather
than 70 10 dispose of lt at 30.
silver was unusually dun with but little
Offering, and that in small lots, the prevailing
rates being 90. and selling at IS, although We
hear Of one transaction at IS, but this figure
could not be realized for mixed denominations
and the former figures would perhaps Indicate
fully the true rates.
Currency.
In consequences OF the heavy demand for Time
Bills on New York and New Orleans, Currency 1
has become quite scarce, and our bankers are
tenacious Of what remains in their vaults, and
particularly Legal Tender notes, until the bills
become due.
city Scrip.
We may safely state that there Is none Of the
CITY paper in the market. Notwtthstandin that
the old quotations are maintained by the bank
ers, we hear OF IS being offered for $1,000 with
ont avail.
Some or the bankers complain that our quo
tstIJus-whlch are corrected from day to day
are above the market value, and in this con
nectiou We would state that the figures quoted
can be realized.
New york stock Market.
SATURDAY Jan. I3, P. M-Gold closed at 1891
HlEe-. late in the day. Tue exports Of the week
were sj4a,jl3, making siucs january LIST sl,lg2,-
The stock market has been drmer and better
during the day, with q fair degree OF activity
extending through the lists Of Railways. This
Improvement arises mainly from the purchase
OF the short interest, which interest has been
very much reduced within a few days. We
I - ~ 49,. .E.----
and the general impression IS that the move
ments are not OF a character to give the market
more than temporary strength.
There Us 40 alteration in Sterling Bills, which
are quoted uomiualiy az follows Bills at 90
daysare quoted at Useless, commercial Ost-s
less for bankers DO. al Short Sight, lCJ44
lIy-s; Paris al CD days, 54G0JI54 do. at short
sight, h~l5ajI3a4 Antwerp, > 2l4g5lTZ Swiss,
521g5 F]s Hamburg SsS4 Amsterdam,
100 Frankfort, 4O4g4ot- Bremen Sac
20 Prusslau Thalers, Il4g4lss.
Our Commercial Relations.
The annual circular ofthe Mercantile Agency
presents a variety of interesting and most sat
~isrsctory figures and statements bearing upon
the commercial condition OF the country. We I
have not space 20 quote at length from the re-
port. but we must ind room for a portion of IT,
Mr. Wyman, who IS now one of the managers
Of the Agency in New York, Is one OF the
ablesU commercial writers on the continent /
The following tabular statement represents the /
number Of failures In business In the Northern
states. with The MabLltIes. Tor each year since