Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-02-06
FINANCIAL.

The Money market opened lively yesterday,
aud during the day the transactions In Ex-
change were very heavy, ana the great demand
for New York Exchange caused those who have
heretofore failed 70 recognize the advance OF 4
on the old quotations, TO adopt the new rates
and the market closed nrm 1t the following
rates: For New York sight, buying. = on, AID
selling at premium. New Orleans rates IN
changed.
Sold and silver.
There was little or nothing doing again in
specie, and W.. continue our former quotations:
Gold, buying, Ss1a ami SO, and selling at 40 and
d, the latter being al outside figure and would
doubtless be difficult to realize. Silver, buying,
50, and selling, 80.
Currency
Currency, as usual, remains quiet and easy,
and regular customers ma no difficulty in
finding accommodation at l per cent. per
month, while on the streets outside parties find
il difficult TO get their paper discounted at %
and even 8 per cent
Government Stocks
Are quiet with but little demand. We con-
unue 70 quote 7-S5's, with interest, rs buying At
9s, and selling al 90.
UncurreHt Funds.
There was considerable activity IN this mar
nNA 3 H1ANAAAFB N4pAAtAt llAuEA tldllEc N bEt
general quotations. The demand for Mississippi
Cotton Notes, which have advanced 10 Is cents,
is active, with but little Offering, and we learn
from a private telegram, received yesterday,
that in Mobile 90 cents was freely offered for
tlese Notes in that market.
Other Markets.
The Cincinnati Commercial, Of thsSd. says OF
the Money markets:
H. ---- $500 -
Par, buying, and SOC. per thousand premium,
selling however, stu represents the market
most Ialrly.
The Money market Is rather oulet. with
scarcely more than 2 fair demand for Loans. It
SHOWS as yet, however. but little greater ease in
the supply Of Currency, and the classiaca ffou
Of borrowers does not relax in rigidity.
-Seven-thirty Notes again improved, and the
demand continues in excess OF the counter re-
at the Stock Board at Soc. and this figure was
also paid by Bankers in some Of their counter
purchases, for the hrst issues. A desirable lot
would even mma &c above this, ana we
consequently quote the entire buying range at
astt q t51Sc-, the selling At 9SJzaQgLe.
Gold Bonds are Inactive. The late issues Of
Flve-twenUes are bought AT lHglJ<c. premium.
ana sold ~ Re. premium. The nrst issues are
rated at 20. premium, buying, and SC. pre-
Ten-forties would be taken by Bankers at
gsic.
The ST. Louis Republican, OF the Sd, says:
The Money market still continues very close:
The rate lor choice Paperis 10 per cent. per an
Gold has been quite active, opening in New
York at 1901, declining to 1879 and closing, at
I:l5 p. NJ nj l5O]s. The rates here were 81 per
cent. premium, buying, and ~ per cent. pre-
MUM, selling.
New York Exchange Is steady at ITO Der cent.
discount, buying, and par selling.
Union Military Bonds are tilldeclininE; there
Is no demand for them, and large amounts tfer-
ing for sale. We quote them at Sc, buying,
and Sc. selling.
Governments are a shade nrmer. and Quiet NJ
yesterdays quotations. Seven-thirties LARGE
are bought al - and sold at 20, interest to
Government Vouchers are in demand At
2g&z on.
New York Market.
z YORK., Feb. 2-The P0a says the loan
market IS active at 586 per cent.
The efforts O n number of cap!talists 10 de-
ppSlt their funds IN the Sub Treasury al the
close Of January 50 as TO secure six per cent.
interest, have teudedt 10 deplete temporarily the
supply Of Ioanable capital. The strfugeucy OF
money In the West has also some effect on our
losn market here, but there IS so large an
amount OF surplus capital seeking fnvasfinenf
ana the accumulation Of National Bank cur
cehey IS so Large, That Few OF our financial au-
Aprlues seem 70 apprehend any disturbance Of
the money market IN the immediate future.
Commercial paper is dun at 1924 for first
class names.
The stock market is armer and moderately
active Governments are quiet with a fair de-
maud. Railroads opened with considerable
animation and quotations well sustained eX-
Cept on Hudson and Erie.
The Commercials money article contains the
following Governments are a fraction better,
but excessively dull. The reduction IN the rate
of interest on temporary loans at the sub
Treasury has increased TIE demand for Gov
~ernIuents, ana is the chief cause Of the i'm
pTOyement in prices. A cOuntermand is quite
likely, There is an active bull speculation in
Z. and 7. and z. l., and both stocks are higher.
Gold continues steady. There is q great
scarcity Of cash gold, and x per cent. is paid
upon borrowed gold. Demand for customs very
active, aud sub treasury stHl remains firm
selling the growing scarcity oduces Il strong
upward tendency. This morning the best
bankers sterling bills On the market were sold
at lVs, though leading drawers nominaliy
quote l0SlE@luof