Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-02-25

AAL ana AIAnlNLlAH etALE Oh 4A1-IA AaAl4ALEA
up 10 the close OF TIE market yesterday even
ing, which has characterized IL throughout the
week
Exchange
The demand for Exchange is sin largely IN
excess Of the offerings, and the market closed
weak yesterday evening at the old figure.
gold aud silver
The tendency OF Gold Is SIN downward both
Ia this market and in New York. The stag1a-
ton Of uslns generally, and the srrinSency
Of Currency, has had The effect OF putting on
The market q large amount Of Gold that was
held some ten days since az g and Is, which The
holders are now willing 10 part with al "a and
s., If they could find purchasers, which they
are unable to do at the present time 4wss the
closing quotations last evening. and weak a.
hat. silver is quiet and dropping.
Currency.
Thee is no noteworthy change in Currency
since eur last report, only a growing tendency
to hoasd il on the part Of the Bankers, and IL IS
difficult, for the best Of their customers TO Dor
row any considerable mount.
government Bonds.
There is no change n Sevsn-thIrtIss. which
remain firm at the old rates, viz. buying gs and
selling Al 81 and par
UHe8rreEt Funds.
Adyices from the North state a decline ia this
class % paper there, but there has as yet been
10 changes IN the market here, although the
probabilities are that there soon win De a de
cline in this market also.
The Liam Bill.
The New York Tribune Of the 10th says:
The Loan bill is expected 10 40 wash
ington this week and we hope % announce IFS
prompt passage. including che authority 20 ne
ZoLate a foreign loan &t5 per cent The aulHOI-
IT'S Is valuable only rs regards loans abroad,
and must De- granted If any hope IS entertained
Of funding the currency debt into long bonds az
this rate. No capitalist in this country, much
less any business man, wants : per cent aud
there is not a. this moment any pressing de-
ulaud aJ0 per cent even Aa auaHo hoN sga1-
the Government credit Is 10 the same position
as that Of individuals, and people had rather
have It's short currency usuta az It's value tn3H IT,,
long bonds M their price. To change this con-
diuou oftliugs. future bondsmust possess mer-
It's not attaching 60 any existing security, as
the currency deur viii continue 20 be held IS "a
temporary loan uuti maturity There ure two
KINGS OF bonds which might be issued io sd-
vantage Long 5 per cents, p1yanlg principal
time several hundreds or mlllons OF foreign
capital. which, receiving ITS Interest at home.
would De more desirable tlan any known Ma
ti0ual stock. Or the Sevcn-thrde- a4l COM
pound notes might be made convertible into
long six per cents
Other Markets.
The Cincinnati Commercial Of "Wednesday,
says:
Gold has bad p declining, weak market
throughout tie week. The buying range here
now IS 8Lc5E cents g~remlum-the selling,
T41Gk cents premium. There mas been but
little offered 10 banker 10y outside holders, and
the calls for 30 have been almost wholly ln the
regular course of business. none Of thCm being
recognized as either OTsDecuiatOn or boarding.
Exchange haas not been made ia the regular
course OF mercantile business in any tGlng Ike
sufficient quantities 70 supply the wants OF the
Market. nor have the Ordinary receipts nom
other points been ssihclrut 20 supply the deli
cheney, consequently considerable shipments OF
Currency have been ulain. some OF the pUr-
ehasss Of Rauker have been made at zoe per
Thousand. though the ruling rate is SIC per NJ,
and 81 premium the selling nsure.
C~UOrATIoSs.
Buying. selling.
y. Y. Exch parG5rc per ~ pr. 1853 per N
Philadelphia -par9N Per u pr lQoc Per
Bogtou----.p9r959c per pr ltc per ii
Baltimore --.. 40 diL. l-l0&- dis
silver 9 93 pr. e. pr.
Goid--- ..-.--a5zG3 nr 495 Fl,
Certificate -. 2 ca dis. a.
New York Money and stock Market.
NEW YORK, Feb. 2I.-pscouuts are quiet.
There isl moderate amount of the better eLas-