Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-02-14
FINANCIAL.

The Money market yesterday was but a repe-
tition OF the day before, and as fer any change
in the general market we might reproduce our
article Of yesterday. T~hedenand for Exchanee
continues brisk, with but little making. New
Orleans Time bills remain unchanged.
cold and silver.
There was a small decline in Gold yesterday
and we heard Of a small lot being bought at 3
and another lot OF $500 at a8x. We therefore
quote Gold as buying at ah, and selling at IS
and $50. Silver remains unchanged.
Currency
Remains qulet and easy, but there is q probf =
| binty that there viii be more activity toward
the close OF the week. as many win, In conss-
quence Of the present condition Of the Cotton
market, be compelled to sell in order 10 balance
their Bank accounts.
stocks.
There is some inquiry for Seven-thlrties, but
the transactions are limited. We continue to
quote as follows: buyingss aud selling at Sand
par, with the interest added.
Uneurrent Funds
Are but little asked for, but the rates remain
hrm at former quotations.
Other Markets.
The Cincinnati Commercial OF the l6th says:
Gold turned downward to-day In its duetus-
tons, being at 3 o'clock Ic lower than Il was "a
the same hour yesterday. This makes sc pre-
MUM an outside closing rate here, which but
one or Two dealers would be willing to allow.
Others are b~lddingdown 10 Szgss4e premium
3g4c to soc premium Is named as the selling
range. The amount Of business Is a. light as
Exchange is hrmer, and all the dealers are
asking I-IOc premium in their sales
quotations.
Buying. Selling.
Y. EXch-. par. l00c per NJ.
Philadelphia par. l00c per NJ
baltimore --.. Ia. dis l-l0a dis
Goid..--------$a ass pr. SB46wp pr.
CertihcateS- ? 92zc dis. I O.
The Discount market is only moderately ac-
tive, and the drift OF business seems to be in the
OF greater ease, though 10 per cent
stands as fairly representing the value Of good,
Mercantile Paper; This, however, Is
Money is found 20 pay fully that well in the
handling Of GqSernment Securities.
SeYen-thirty Votes still have an active mar
and being higher in New York are handled
With more confidence by dealers. They are be-
scarce, and holders are indifferent about
offering the first issues. The rates on them re-
F~ive-twenfies are steady at PC premium
the later issues 2t8c premium buying,
The earlier Teu-fOrties are bought At sc, and
held at 9I5sc with small sales al the latter figure.
The Chicago Tribune Of Saturday, in its Mon
starry article, says:
The Money market IT. undoubtedly easier to-
lay but this is the result Of a decrease in the
for Currency rather than an increase
n the supply. The diminished supply OF Hogs
has lesseued the requirements Of commission
and country Bankers very materi-
and the regular Discount houses are in a
JetteT position 10 their customers
han for several days past. Notwithstanding
his however, there is a chronic stringency in
he Money market, which we have no doubt
will continue till Alr. McCuIlOchs plans are
more clearly known and appreciated All over
he country there Is a strong disposition on the
Of capitalists 10 hoard their funds or lend
c merely :" on call" rather than discount Mer-
Produce Paper, to run thirty, sixty, or a
linety days. This feeling, It H. true, does not exist
mong our Bankers; but ii prevents capital at
he East from seeking a market here, asi usual
ghen the pork or grain business is active ana (
he demand for Money pressing. aud In this
gay the abilities OF our Bankers are lessened. q
The rate OF Discount remains steady at 10 per
emit per annum, but street rates rule at I2dA
er cent
The demand for Eastern Exchange to-day was
uite brisk and the market was nrmeT, but the
have not changed their rates yet The !
Ounter rates are lzdi-l0 discount buying and
ar selling. Round lots are selling among ,
,ankers at a premium Of SOC per thousand.