Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-06-29
And I were page to JOY.
II you were April's lady,
and ( were lord in May,
We'd throw with leaves FOR no.
~ H-,-r~ s.r .Hursa NTH HnvunFl
FINANCIAL AID COMMERCIAL.
OFFICE OF THE DAILY APPEAL,

@@
Our bank officers are enjoying a large
degree of immunity from exertion just
now. One Of them, when asked a few
days g why be hurried so fast to the
bank, replied that +" there was one chair
too few in the office TO accommodate all,
and that the last one in had to stand all
day. Those securing a chair in the
morning retain it until the close Of BUSH
ness.n Such is pretty much the fact.
Gold was down this morning to 364c
buying, but towards the close it again
advanced to 37c buying. There is no
local demand. The small amounts pur-
chased are for shipment.
Silver is offered in such small "dribsn
that it is hardly worth quoting-buying
at 20 to IS.
City scrip is unsteady, but the ten
dency is decidedly upwards. The offer
ing rates to-day were 6S to Sc; selling
at y to 73c.
County warrants are a little firmer;
buying at so to S2c selling at So 70 SSc,
nd in some instances soc is asked,
Police scrip is not Acknowledging at
zoe selling at 75c.
Bonds, stocks and uncurrent money
are nominal, at the quotations found in
this column.
Exchange is scarce and in light de-
mapd-buving at par and selling at to
&c premium, for northern and eastern.
The aspects of financial matters hold
forth much encouragement, and our
exchanges are fearful that a disturbance
may ensue from such legislation as might
be the fruit of an extra session of con-
gress. so really uncalled for at this time.
The affairs of the national treasury are
in a much better condition than many
feared they would be at this time. As
we are reminded by the New York
Chronicle, a large mass of embarrassing
short obligations were paid OF during
the last fiscal year. 1t was feared that
r"1gcment might attend the paying
Off or conversion of seven-thirties due IN
August, but the process is going forward
without a jar in as quiet a manner as the
most ordinary operations Of the treasury.
Looking at the an~ticlpatlOns lndulged 10,
it is a matter for surprise that our
exchequer has been in a condition so
promptly and fully to meet the numer-
our demands upon it. 1t would really
seem that the treasury too much
sboundei. since the complaint is thar its
" vaults are so fuli of currency that the
proper officers cannot disbUrse 1t so rap
idly as to repress the accumulation or
TO keep down the balance 10 its normal
working averSge.n The compound notes
are provided for, the seven thirties due
this year viii soon be cut the way, either
by being converted or paid Olt-and it IS
held to be probable-thHt those maturing
next year will be for the most part con
verted into long bonds before they be-
come due.
IT. = pleasant To notice this easy cOndi-
ton of the public finances in connection
with the favorable crop prospects both in
this country and in Europe. The money
markets are VERY easy, at this time
without any speculative demand and,
upon the whole, trade has keen con-
Quoted so cautiously that comparatively
but little Indebtedness has been con-
trarted and We have, therefore, less L
appreheBd from ane'0f the most frequen
uanics andk commercial reVu-
- U1TTed STAGE, The pron
p BcrCps is such as 10 give good as
Hngte Of a revival of business, with all
the financial facilities necessary for,
conducting it. Notwithstanding all the
predictions Of disaster for 1867, Their
have been O.t few failures, and the GEM
eral nina seems 20 nave SetlieG GOTu
into the conviction that these alarms
were ~grCUudless.
What congress may do at its threats
ened session is net TO 'be foreseep: The
prudence of that body may well be
doubted. It may legislate in a way still
further 10 depTess the spirit, enterprise
and industrial interests IF the southern
people; hut cannot DO much worse than
they have done in this direction.