Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-04-14
FINANCIAL.
orFlcE og rHE 80 49,.

OFFICE or THE DAILY APPEAL,
BiEsPHIs, April y, 1866.
Gold continues steady to-day at SIC
buying.
Silver has gone up materially.
Buying at 26 to 27e. Selling at 2s to 3oc.
City scrip is not in demand-yery few
brokers are buying; 55 to SIC is the best
offer we heard made for it, though bro
kers are asking zoe for what they have
on haad.
County warrsnts are in good demand
and few offering. Brokers offer IS to
sse and sell at a0e.
Exchanges is dull There is but little
offering, and light demand. Our banks
bay at par to , of, and sell at & to pre-
MUM. New Orleans exchange buying
at of, and selling at par.
We have no change 10 report in M
current money. There is but little offer
ing, and the demand is not active.
Memphis and Ohio railroad bonds,
IOe; Memphis and Charleston railrsad
bends, IS to TOei Tennessee bonds with
coupons, 40 to SOC; Tennessee bonds,
new, 55 to e0c; Mobile and Ohio railroad
bonds, so to 55c; Memphis city coupons,
so to csc Memphis city railroad bonds,
so to 6Oc.
| franklin Insurance and Ranking Com
PaHy.
Tie meeting as announced In yester-
days issue. did not come of on account
of the committee appointed TO report on
the condition of the Institution not be-
ing ready to report.
From what we can learn there has
been almost an unanimity Of feeling on
the part of creditors to unite in the pro-
posed plan, and we do think in justice
to Mr.. S. d. Mcclure, that il is not only
to his interest but also to the interest Of
the creditors, that the arrangement
shouId be carried out. By agreeing
to this course they have everything
placed in their own hands, out Of which
they can realize their cIaiws BY The
other they viii have to expeEd large
per cent Of the assets, In the shape Of
court expenses, lawyers fees, etc, and
divide the balanee. II all the creditors
agree on the former course they viii re
aiize more than they could possibly make
by pursuing any other course.
The crcitcHeat oceasioned by the sus
pension Of the Tennessee National banl
and the FTsnkIia Insurance and Bank
ing company, together with the suspeR
sion Of several private firms, has, we ar'
happy to say, proved bat Of temporary
duration, and yesterday everything re
sumed it usual course, as though Dothini
had occurred IN financial or eommercia
circles to create any uneasiness or mis-
trust.
The warrants now being issued by tn
police commissioners are in conformit!
| with the sections Of the amendments t
our city charter. The virtual sUppres
sion Of the new city issue, which has re
suited from the construction placed upoE
the late sets of congress in regard to tn
circulating notes of city corporations
has had the effect to prevent the cit.
government from paying the amount
appropriated some weeks since for th
payment of the police force, aud th
commissioners have been compelled L
carry the new law into effect The pa.
Of the force is in arrears for three mouths
and an appropriation Of twenty
/ five thousand dollars had been made b.
them, for which Warrants viii be Issued
These are receivable by the tax colleeto
IN IN privileges, and it is understood tha
nearly or quite the amount of the appro
priation is now due f . arresrages to hi
office. The average monthly receipts G
the privilege tax officer are considerably
/, in excess of the expenses Of the com
missioners, and the amount issued wi
very soon be absorbed by the aeman'
for the payment sf taxes. We give TIA
law as amended