Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-04-13

There was a fair amount oHered n our mar
ket early in the week, but for two or three days
Dast The receipts have been or a moderate scale
only. The sales over the counter have been
about equal % the receipts ana ne dealers
have followed more closely the New York quo
tatiouS, the prevailing buying hEuIe being
about per cent. less than New 1oEk rates.
This morning the banEsrs hQugh5 az ~, but IN
the afternoon ihey reauc=a t9eE rate 70 70
though az the close l54 was BID fhG-2 is no
Inclination 10 operate, the inquiry being Eafr-
lv for Legitimate purposes, ana a coLauefap.e
Tartiou Of the rgrahases are Gold checks on
New YORK. which are bought by the importers.
and are used IN The psy1-snf ~ goG1s whieR
cold flis morning were az ~ uetUs Ees OBJ
tanned ia Tire afternoon Al L-u442H
The transactions In Silver are SIN on a linl-
ted scale, as there Is very little coming forward
Il is presented cl.ielg ia small sums. The
rates to-day were reduced 60 its9lF for small
Ilgber r5ufd 81 obtained for round sums. Thsre
is no sale for il bare, and the purchases are sent
70 other points
The View Orleans Tunes. Of Wednesday, says:
The tone Of the market to-day al round has
been roUsri depression and general decline. In
every oranch-Cottou, Western produce, Gold,
E~AcLaugc-al, az have experienced the tnteili-
gence received Yesterday confirmed BY numer-
Gus dispatches 70 private parties. As regards
the financial condition OF the country IL Is
manifest that a great want or confidence pre-
walls congress IS dhly-dauy ing on the Loan
bin. and other measures by the
head OF the Treasury Department, and which
shonld have been perfected and acted on three
months ago. There are no indications that
Congress intends 70 legislate fog the general
good OF The country.
a few weeks since there were signs and em-
blems ofreturning confidence IN q and
commercial circles, Owners OF money and
dealers in paper seem % restrict their move
meutss Though there + sJfaa money available
oTmortgage securities al DO and u per cent. per
annuiu. the facilities are not general ~th the
tenor Of security, being conuned 70 loans on
frst-elass real estate within the confines or
limits OF the city Gnder the large line OF de-
poSitS with the banks there IS adesire 20 loan
on call sudin some instances eonmerelal and
planting paper has been CiecQuuted.
Under the present. atutSde OF lLe country
the IosuiuE Of means CT money on crops TO De
raised must be considered as 9Gld and yentlre-
some. aud heor they who viii loan and aid the
planting interest Al this JuneIure must De re
garded in the light OF public beneiactors, and
last week thpre were on deposit with the
banks of0uT sitg the following sums;
citizens st75-g5S
GanaI 6auk 2t9
Mechanics and Traders Bank- 47 Al
sslG 55n Ga 5I Stt Psnf T~1E ~.
Third, or Louisiana National l'Soo,oie
4NAaA anHaHHH-Hf#Haa
The private bankers 81 course had more or
less on deposit This is q lal90 Enlouut OF
means unemployed for our city, greatly Ia ca
cess OF the most prosperous years during the
decade ending .1N nether lne PIsaenL Ileaas
should be called merely r~epfeseniatiFe money
IN guNtaEos.rlnu, as 10 were, with real money,
Gold and Silver, EefOre ls50, our readers can as
wen determine neEaIyeiy 81 al~rn2auveIY q
ourselves. We have merely 10 add fhab money
or It's representative is bundant n our paIket
az this time.
There was a heavy decline in foreign Elk
change to-day. Ia some iustaleez reduced
rates encouraged dealers and buyers 70 ooHle
forward. The most Important Transactions
were 1900 sterling lt l8Jl< EtH09 at 1875, [aNVat
iZ, ft5Uuu al IW, El7OU AZ 1907, $500 az l3l. E0vV
a. 80. Ee,ou0 francs at La2E, l0l,e0 az A&,
BH0V III tt4z5 ic4,0pa AZ the same. Domestic or
New 10TE NunUa Ma w"r fHasIN DFnnFlN. lIHHU=
ing at = and = discount. Ths dsmsE4 Ess Stree
Al the counters. The round sales were bank
checks, Slul,OQO, $4,000 and $4,000 at y discount
a further amount bank check al the same
another sun, SO,J00, at same. and SlUV,.0 Tor
deiifery tomorrow az discount. We dld not
learn ofany tfaEsG"rons OUTSIDE, and quote:
Checkso New YORK arm 44... CtS
Five and ten days sight--.- ss94 dis
Twenty TO thirty days sight. no sales.
Sky days nominal.
Sterling D. the Back counters. 1921
Commercial anu ~. bills E50i&al5l
Document ana other Bills l&g3@
Francs az the 0@tierS-saa.,..----- 4&ss4Al
Commercial and other blis----.... 4S5Ag4e=5a
The Gold market was greatly affected bg the
Nes rQrR sdFlces- Several dealers h4a 10
sale no puTenacea 70 quote. Between i0lyD
anc S39pJ changes Laud- az from L241a 70 -
Though some dealers Guoted ~ Eat, We haze
sales OF ttu,sJ 70 recorg al the dErre, s3lvVat
E43s, and counter purchases Of small sums az
IA silver American halves and quarters, rule
from listo iS Mexican dollars a Little above
Gold.
The stock market Is lively, confined only 10
four or FIVE interpretations. The sales today
~ 7nl f5fis Es-S
lao Shares wnfCn UquR 49,