Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1867-03-01
FINANCIAL.


OFFICE OF THE DAILY APPEAL,f
MEMPHIS, February q, 1861. ]
Gold is firm at SSc, buying. There is
but little offering.
Silver has advanced to % and zoe, buy
ing.
City scrip continues firm at 75c buying.
Selling at IS to soc.
County warrants are firm at 93e buy
ing. Selling al 80 to CSC.
Exchange is buying at to off, and
selling at par.
There is no change to report in incur
rent money. Brokers offer SOC for notes
of the Bank Of Tennessee, but we could
learn OF no transactions. The decision of
the supreme court at Nashville regarding
this money will be found in full, in our
columns to-day. IL is a matter of great
Importance to our bankers and business
men generally, and will be Pc
rused with interest: Bank Of Chat
tanOoga, Is; Bank of West Tennessee,
50; Union Bank, 50; Planters Bank, 50;
Bank of Memphis, par Bank OF Middle
Tennessee, so City Bank of Nashville,
80 Merchants Bank, IS; Ocoee, 20 !;
Bank OF Shelbyville, 50; Traders Bank,
par Southern, 25.
BONDs.-State of Tennessee G's, long
loan, 92c; Memphis city bonds, with
coupons for 1881, roc; Interest coupons,
45c Memphis and Charleston railroad
bonds, 75c Mrbile and Ohio railroad
bonds, G0e; Mississippi and Tennessee
railroad bonds. Zoe.
The Illinois house Of representatives,
on Thursday last, by a vote Of seventy
one to Sc ven, adopted a joint resolution
.instructing the United States senators
f-,nz hat gfaaa and raruHaafTr.- NIr---..
sentatives in congress to oppose any
further contraction Of the legal-tender
currency, and TO aid in the Inauguration
of measures for the withdrawal from
circulation Of the national bank notes,
and the substitution therefor Of legal
tender notes.
Mr.. SEsrman introduced q financial
bill On Thursday last, stating when he
did so, that he should not call it up for
before the next session, but he
wished it printed and so circulated as to
get the opinion of the people upon it.
It provides for the consolidation of tse
national debt in six per cent. bonds pay
able, principal and interest, in coin and
taxable on the principal not to exceed
one per cent. per annum. 1t is in effect
the funding bill which was defeated at
the last session. That provided for five
per cent. bonds exempt from taxation;
this is for six per cent. bonds, n per
cent. of which may be taxed OFT.
The amount of taxes on cotton COL
Iected in the southern states in 1866 wa
SIS, 152, $50 SIS.
The city auditor of Boston estimates
.he expenditures for the financial year Of
lS67-6S, at 81. 955, 3S5, of which sum
IS, SIS, $50 is to be raised by taxation,
being 81, 60l ,266 more than last year.
The Boston Post fears financial
.roubles are brewing because the deposit
.ors are withdrawing their deposits from
he savings banks in that city.
The weekly returns of the Bank of
France show an increase in the cash on
hand of q, 200, 600 francs.
During the year 1866 the receipts of the
p~ostoflice of Peru were SCI 800
Is whilst the disbursements were SJ9,-
i29, 50 showing a surplus in favor OF the
1ostoffice of 81 ,690,63.
The bank of "La Providencia y of
Peru, that suspended payment about a
year ago, owing to a fraudulent and
manager, is likely to reseme
operations on an early day. From the
-eport of the government inspector, we
earn that on the Dist of December last
he liabilities were 81, 606,4 40 so whilst
he assets were SASS, 104,37.
The value of the bullion produced in
Idaho territory, from January Ito No
l, 1865, was 81 100000. In
IDAHO the price of dust rules for coin as
Clean Boise dust, 81 per OF.
south Boise dust, So per OF. Owyhee
placer dust, $40 per ton.