Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-05-10
FINANCIAL.
OFFICE or THE DAILY Ape

OEEAGE4 III IL DALI ~
MEMPHIS. May 9. 1857.
Monday matters remain as yesterday.
The stocks of some of our prominent
banks are offered for sale, but for the
/ same reason that forces holder to sell,
| they find no Observation-Disclosures of the
market. Gold declined from SIC, the
opening figure, to sec. at which ate one
lot Of $4,000 was taken selling at 81 to
374c.
Silver is lower; buying at 27c, and
selling at % to zoe.
County scrip is in fair demand at 80 to
| SIC buying. Selling at 81 to S8e.
City scrip Is dull and heavy at 81 to 55e
buying. Selling at s0c.
Police warrants are active and scarce.
Brokers offer 75e, and sell at IS to soc.
There is little doing in exchange. Our
banks buy eastern at to I discount, and
sell at to J premium. New Orleans
sight is bought at of, and sold at par to
7 premium. $1,000 in Memphis city past
due coupons was sold to-day at SIC.
In bonds our quotations remain dull
and nominal. Memphis and Ohio rail-
road bonds, 25 to soc; Memphis and
Little Rock first mortgage bonds, 20
to soc Memphis and Charleston railraad
bonds, IS to zoe; Tennessee bonds with
coupons, 40 to soc; Tennessee bonds,
new, SIS to 60c Mobile and Ohio railroad
bonds, so TO soc; Memphis city coupons,
go to 65c; Memphis city railroad stock,
80 to 35c.
There is little doing in ~uncurrent
money. Our quotations viii be found
correct.
Bank ofChattanoogaI2 Merchants Bank 80
MemPhis par Oeoee 10
Middle TennM Planters SIS
" Ter, old is'se.32 Southern " ~
W. Tsnn.--.-50 Shelbyville " $50
City Blk Eashville...5 0 Traders q" 81
Commercial Bank-par Union " ---s5
The City bank of New Orleans, il will
be seen by our dispatches, closed its doors
to-day. It was q private affair, owned
principally by Watts, Crane & Co.,
whose failure in New York was pre-
viously announced.
The treasury commenced on the first
Of May the payment of about twenty
four millions in coin for interest on the
public debt.
notwithstanding the prelimlnaries
looking to the preservation Of peace,
France and Prussia are both rapidly
arming. This course is producing dis
trust and alarm in financial circles and
elsewhere.
The secretary and treasurer has issued
the following circular as a matter OF in
teTest to those who may lose government
bonds
SIN consequence Of the Increasing
trouble, wholly without a practical ben
eft, arising from notices which are con-
| stantly received at the department, re-
speeding the loss of coupon bonds which
are payable to bearer, and Of treasury
notes issued and remaining in blank, at
the time of loss, il becomes necessary 20
give this public notice hat the govern
ment eannOt protect, and will not under
take to protect, the owners of such bonds
and notes against consequences of their
own fault or misfortune. Hereafter all
bonds, notes and coupOns, payable to
bearer, and treasury notes issued and re-
malning In blank, will be paid 10 the
party presenting them, in pursuance of
the regulations of the department, in the
cours Of regular business, and no atten-
ton will be paid to caveats that may
be filed for the purpose of preventing
such payment.
al. MCCULLOCH."
The total value Of exports, principally
cotton, teas and silks, from Yokohama,
Japan, during the last year, was SIC, 1885,
10; and OF imports, SO, 592. 81 max
ing the total commerce of the port sos
IFS, 451. The imports were Of wooden
and cotton goods, naval stores, ammUni-
ton, etc. Great Britain got S9,037, 040 Of
exports, and the United States g, 0l5,S07.
The recently established steam line be-
tween San Francisco ard Japan will
largely increase the American trade, and
the figures for the current year viii,
doubtless, show a considerable balance
in our favor.
The Chicago Tribune says:
1.-THE money market was quite excited
and no little disturbed by the burning of
the Armour, Dole & Co. elevator, and
there was a closer feeling, not, however,
from any scarcity in currency, but due
entirely to the uncertainty Of the future.
Choice paper at short dates, and backed
by wide margins, was Oily negotiable,
though in some quarters there wa less
disposition to advance money on grain
receipts. The rates OF interest were IN
changed. The carnival of fire during the
past thiTty-six hours has created no little
eommotiOn among underwriters and
policy holders, as the losses sustained by
the three CONGREGATIONS cannot be less
than half a million dollars. We UNDER
stand that there was quite a scattering
of policies to-day, as many large policy
holders were distributing their risks in
small amOunts-preferring this to insur-
ing in larger amounts, with a small
number of companies"