Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-07-20
MEMPHIS APPEAL
FINANCIAL AND COMMERCIAL
OFFICE OF THE DAILY APPEAL. !
1r1Tx 1000


To-day like yesterday was very hot
so much so as to interfere with business
very materially, as it was deemed dan
geroUs to life to expose oneself to the
fierce rays which are pouring down
upon Us, and which are dealing death to
man and beast in all the cities north OF
us, equal to an epidemic. Very few pee
! pie are seen upon cur streets during this
heated term, and no improvement can
/ possibly take place for the better until
l the heat becomes less troublesome.
/ A letter appeared in our issue of yester-
| day, from or regular New York CORES
! pondent, in which some comments were
made relative to one Of cur National
Banks. All the letters coming from this
! source heretofore have related almost ex-
clusively 10 politics, and this one which
was supposed to be of the same nature,
was put into the hands of the printer
without being seen by any OF the editors
| We wish it understood that we do not
indnrse the opinion of our correspondent
in reference 10 either one of our surviv-
| ing National Banks, and feel that injus-
tice was done by the writer of the article,
though it was unintentionsl, we are sat-
isfied.
Exchange is steady. The demand is
Iight-barely equal to the offerings for
some days back, and It is thought thai,
shipping currency will be Tesorted to at
an early day. Eastern bills are taken al
par to ] prem. and sold at ] prem.
Checking on Louisville. Nashville,'St
Louis and Cincinnati at prem. and on
New Orleans at the same. Buying the
latter at I off to par.
The following are the New York Stock
Exchange quotations Coupons 'Sl
IA; do '62, 14f do '64, 1ls; do '65
l2!; new issue, 81; do '67, 81; 1O-4Os, ST
1905, I'd and Sd, 9s; Old Tennessees
691: new do SIS. Government bonds
steady.
In stocks and bonds there is very LITTLE
doing. Memphis and Charleston stoct
shows very evident signs OF weakness, al
evidence that the late advance was not {
healthy one, but just little flyer gotte1
m by the friends of the new Directory
as was supposed at the time. We learI
that SAC could not be realized for stool
to-day, and that several Lots were Offered
at that figure. City bonds are scarct
and firm at 55957c, as to amount
Other stocks are nominslly IS fol
lows: Memphis Gas Company stock
81 so. Mississippi Central Railroad
: LIST mortgage bonds, 5Sc; I'd do. 4Oc
Mississippi and Tennessee, 1st mort
gage bonds, SOC. Memphis and Louisville
Ist mortgage bonds, S0t93lc; q do
2Oc. Memphis and Little Rock bonds
4Oc.
City Scrip is in some demand at zoo
78c, with sale of $4,000 reported as tax
ing place yesterday evening to broke
at 72c. Small pieces would bring more
Selling at T4975c in lots.
County Warrants are dull, with N
demand. We quote at 50S52c buying
Selling at 54955c.
Police Scrip is weak. Brokers buying
at 7)c and sell at 78@75c. One sale wa
made during the day by broker at tic
Gold opened in New York to-day 3
143I and closed at l43s, though it wen
up to l435 at noon.
The advance does not develop an,
large lots in this market, nor does it in
crease the demand to any extent. Bro
kers buy at 1429142! and sell at 14S@
1881.