Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-04-27
FINANCIAL.
OFFICE or THE DAILY APPEAL
AuMpIrs A prfl d irf7

p OFFICE OF THE DAILY AFBEAL,
MEMPHIS, April y, 1851.
Money matters remain unchanged
: but currency is gradually beeomiu
: closer. Gold is lower than on yesterday
Brokers bought at S7l to SSe.
; Silver is offered only in small sums
The only sale worth noting to-day wa
of $1,000 at 2se.
! City scrip, owing to the postponemen
of tax sales, is lower. Brokers otfe
from IS 10 zoe, and sell at 60 to 62c.
County warrants of the old issue ar
in good demand at 81 to Sse buying
Selling at 90 to 92e. New issue is dull a
II to soc buying. Selling at 50 to s5c.
Police scrip is not in request Very
few brokers buy-70 to 75c is the buying
rate, and rs to soc selling.
Exchange is in fair demand. Eastern
is buying at par to premium, and
selling at t. 3 premium. New orlean:
is buying at of, and selling at par.
In bonds there is no change and nc
sales to report Our quotations are
nominal. Memphis and Ohio rail
road bonds, . to SOC; Memphis
and Little Rock first mortgage bonds, 7C
to soc Memphis and Charleston Railroad
bonds, 90 to zoe; Tennessee bonds with
/ coupons, 20 to soc; Tennessee bonds,
new, 55 to G0e Mobile and Ohio railroad
bonds, so to SOC; Memphis city coupons,
60 to csc; Memphis city railroad bonds,
50 to e0c.
In uncurrent money there is no activ-
ity. Brokers generally are well supplied.
There is fair inquiry for the issue of the
Union and the Planters banks Of this
state, but none offering.
The treasury department is very busy
in converting the 7-30s into 5-20s. 1t is
thought that there will be very few un-
sqnverted before maturity, at the rate
they are now coming in.
An English firm is reported to have
offered to pay the national debt, amount
ing to thirty-three million dollars, and
advance one million dollars to the na-
ton, besides paying an annual rental OF
five hundred thousand dollars for a
ninety-nine years lease of the Panama
railroad.
The Massachusetts house committee
on railroads have magnanimously re-
ported in favor Of granting state credit
OF three million dollars 10 the Boston,
Hartford and Erie railroad.
The applications for appointment as
registers OF bankruptcy continue TO ar
rive at the rate nearly three hundred
per day, and Chief Justice Chase finds
the labor so great in making selections
that all the appointments will not be
made for at least two months.
A little piece of land at the corner of
LON bard street, London, site for one
house, was recently let for e6600 a year
il was sold for premium of e70, 600 and
the rental, and there is now building on
il house expected to cost E70, 600, and
to let for E22, coo year.
\ Paris circular for April 5th gives the
the following in relation to 5 POS in the
French market: American 5-20s, how
ever, continue TO keep up, in spite of the
general want Of confidence, which
merely furnishes another proof of the fact
that the credit of these bonds is beyond
the reach of European influences. The
quotation rose on Saturday to S5s the
highest point ever reached, the fail on
the Monday following TO a slight extent,
on account of the receipt Of the news of
the purchase OF Russian America.
Great Importance was at first attached
to this question, on account Of the prob
ability that the change would be very
to the British government,
but the pacific articles published by the
English press, and more particularly
the Times, have re-assured the public.
The latest quotation is sag On the
whole, the rise in the price of these .
bonds, since their introduction to the
Paris market, has amounted to between
> and 6 per cent, and those who have
bought have found their course amply
justified.