Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-04-23
FINANCIAL.
OFFICE OF TaE DAILYl 4 APPEAL.

OFFICE OF THE DAILY APPEAL
MEMPHIS, April Y, 1851.
we-have no change to report in locs
finances. Confidence in cur banks
which at one time was shaken, is, W
are happy to say, again entirely restored
and deposits are accumulating. Coll
opened at Soc, but the telegraphic report
from New York caused a decline to 30
at the close.
Silver is bought at % to &c, and solc
at IS to SOC.
County warrants (old issuel are in fail
demand at 9Oc buying. Selling at 8;
to 93c.
City scrip Is dull at 55c buying. Sell
ing at 81 to 5se.. Very few of our brokers
are disposed to buy.
Police scrip is duh. Buying at sOei
and selling at sS to S5c.
Exchange has ruled very steady for
some days. There is but little, however,
doing in it. The supply is fully equal to
the demand. Eastern buying at par to
off, and selling at ! to } premium.
New Orleans is dull at I off buying, and
selling at par.
There is little doing in uncurrent
money. The demand for Planters and
Union banks Of Tennessee is quite nc
tive, but there is little offered for sale.
We learned of sac being offered to-day
for notes of these banks.
In bonds there is no change and HO
sales to reports. Our quotations are
nominal. Memphis and Ohio rail
road bonds, = to 3ac; Memphis
and Little Rock first mortgage bonds, 20
to soc; Memphis and Charleston railroad
bonds, 65 to zoe Tennessee bonds with
coupons, 40 to soc; Tennessee bonds,
new, 55 TO 6Ocj Mobile and Ohio railroad
bonds, 50 to 55c; Memphis city coupons,
60 to Csc; Memphis city railroad bonds,
so to Coo.
A large number of counterfeit half
sovereigns are in circulation in Montreal,
and have deceived the banks, as they
are of full weight.
New York has thus far contributed
Sl70 900 for the south, Boston over 49,
900 and Philadelphia S3T ,39S.
Z In the United States circuit court at
Baltimore on the 10th inst, before Judge
Giles, the case of Francis H. Smith
administrator of Aaron Leggett, VS..
William and Francis X Ward, was
heard and decided. The suit was
brought to collect three bonds executed
in August, 1860, and payable at the
office of the Farmers bank, in Alexan-
dria, Va. One of the bonds was left at
the bank, and the others were not. The
defendants, in August and December,
1861, deposited about $1,000 in Virginia
hank notes, then much deprecated, in
the Farmers bank, to the credit Of
plaintiff. The cashier indOrsed the de-
p0sits as credits on the first bond, and
entered them as cash 70 the credit Of
plaintiff. In addition to this defense, it
Wss claimed by defendants that the
plaintiff, having in May, 1861, gone into
the Confederate lines and remained
there until the close of the war, was not
entitled to recover interest during the
var. Judge Giles tuled, iirs., that the
cashier of the bank had ne authority
under the circumstances, 10 receive the
deprecated Virginia bank notes and
credit them for and on account Of the
bttOAlNAf that lAAG Il nj nAtAH
bank at Alexandria, where the notes
were payable, being within the federal
lines, were constituted agents by plain
t.,7 to rece;ye pay44ei,t 81 tha notes
that the defendants could have paid the
notes to the bank when they fell due,
and, not having done so, the plaintiff
was entitled to receive Interest, not
withstanding he was in the Confederate
army The iurv under these instrffc.
tiOns, rendered verdict soF plsinti4 for
Sl43I0.
The Sacramento sailed from San
Ersncieeo On Friday last far Panama
with S4f5, 600 in treasuTes-S4l5, SIS for
New York The ship Aurora, for New
York, sailed with $4,000 sacks Of wheat,
aad the f90hinson Tor Liverpool, witt;
ss, ,OO0 dOj Louis henufer with ll,GO0
do The Aufera and AHreola cleared
for New York with 5000 barrels of
Hnur euualiv divided