Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1866-02-17
FINANCIAL.

A general ~stsgnatlon pervaded the Money
market again yesterday, and all Of the Bankers
concuTrsd In the opinion that it was the duilest
day Of the season. The stagnant condition Of
the Cotton market has caused such a drain upon
Exchange al this point, that the Bankers have
found great trouble in accommodating their
customers, and In order 20 do SO they have been
compelled TO transfer largely. We quote New
YORK sight bills as very firm at 4 of and 4 on.
and New Orleans Exchange as firm at former
quotations.
Gold and Silver.
Specie is still dropping, and the transactions
yesterday were SO limited that IL is almost i'm
possible 20 give correct quotations. The Bank
ens We're only Offering 90 for Sold, and we heard
Of one sale at the counter at 81, although there
is no disposition on the part Of the holders to
part with their boarded treasure at that price,
OF San outside h-gure-either.
Silver was dull at 80 buying and 80 selling,
with a downward tendency.
Currency.
This market remains quiet and easy, with no
prospect at present OF any animation.
Governments SsOclxa.
some Of the National Banks are making light
transactions in Seven-thiriies, with the cou-
pons, at IS and % and par, but they are limited.
We quote them quiet and firm at these figures.
UneurreHt Funds.
This market was likewise easy aud quiet.
There IS some inquiry for the notes Of the Bank
Of Tennessee, in consequence Of the recent &C
lion Of the Legislature, at g and 50.
other Markets.
The New Orleans Trses Of the 18th says;
General depression in Gotten, Exchange and
freights has been one OF the marked features to-
day. villa the heavy decline ia the New York
rnWFEET Ia H.nEFEm We have To aid n narilaF dis
inclination and un-huess on the part Of some
dealers1 in Exchange to move, buy or Invest un-
respects We may repeat the old adage, that II
has been a blue Monday. II not blue al round
ID has been something IN unison with the ele-
merits, dark and cloudy.
The course Of Exchange to-day was toward
lower rates. AT two Of the leading counters
there were nc purchases Of either foreign OF do
nestle, while al Others the Transactions were
verv Iaht. The chief transactions were $4,000
sight on New Tork at 4 discount, $1,000 al 1.-THE
same, $1,000 0ne-day Sight al y discount, s0,-
g0 sight on Boston at Z discount, $500 on
New York at SIG discount, with a few other
transactions within the range OF our figures.
Sterling and Francs recededi Gear and Al
gterling felt OF to lf6 and Documents 70 l5.
5000 clear Francs we're taken at 3.h3H and other
sums, IN small amounts, at 49,, The remittance
OF ouuter demand WAS hgnt-e1tremeiY night
at par. We quote tins evening:
Checks on New York....---......... par
Commercial sight and one days
Haz as.
Ten and hneen DAYS siaht.-- %6l dis.
Thirty Gays sighf. lax dis.
sixty days siEht Al bills only. nomlnaL
sterling az the counten. l49
Commercial and Al bils-----I46LMlE
Document and other bills If5LM
francs az the ounters.~-. 2S0 q ~
outside buying stes-----....... 8s7NgS5
Maiket heavy and dropping The day through.
IN Gold the transactions acre an 81 reduced
scale We notice sales OF Rhn0 AT i ~ slaNaf
sVN a losH, and some other sums st 1851
So small ia amounts; also a purchase of $50
~ l334 Unless there were some nas4 nranSfsT
transactions the days tTsnsaetons we're Very