Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-09-22
FMANCR EHB TR1DE.

OFFICE oFTBE DAILY APPEAL.l
MExPHEs, September q, lSSS. J

81 EIL. aEalLr nu
OFFICE OFTHEDAIBY APPEAL.l
MExPHEs, September q, lS&. )
The past week has been one without any
marfzedF FEATURE Rb0utfe our money market
isiu something OF a torpid stat, netqustesomo-
notonous as during last summer, but SIN with
none OF the activity which generally charse-
SerfzeS tFwheufzgg cotton Feignstpe mHpareh
an an. As vet there is not enough doing 10 the
siaple 10 cause anything Lkes demand FOR cur
rency; vet the season is 50 near at hsDd when
A. will he needed, that OurbSpEersafe SLOW 10
let any OF Then cash out o. sight They hold
fast TO what they have IN order 10 meet the
most nciivs call which may bemade upon
them and such viii be tie case until that de-
Fxehsnge, which has been abundant enough
arzIf mercantile paEposese aHE an the week,
sss-at.k c~ar4asa bso1stsx cotten bills
on New York and Other Eastern cities at par.
seniug At desc premium, with q fair demsnda
wbicff CONES nniy uptot TIE supply. New Or
leans bills are offered occasionally, and rates
art sornevhe irregular. EuyingaG &c discount
90 par. and selling at psr tot4c premium
rise bond and stock market has been unusu-
aIv ouist. owing 70 the lack of offerings. Very
NAM ~ en- bankers bold Orders for securities
OF vsrio1s- ki1es, snt are uAasie 10 MI them.
CIV beuds are especially scarce. Eastern
buvers have limited their agents TO 5cl g.
=, ADVANCE Of lxaIc on this 6gure Wsald bring
ont a Jew small lots, but holders are generally
willing 20 walt until money becomes nsore
Cold opened to-day in View York at Is4lag
aud siosedas S4cSN We qaobe q lac buying.
Selling as l42}z9l4Sc.
fftv scrip is scarce. Brokers bug at 72G7Sc,
and seu at 75a7Sc, and in cases where the
sn,auut wanted Is small, they ask SOC. Stout
broksrs having orders 70 ~ you'd buy al &c
Tonnrv warrants are steady at J5s buying,
selling az 5SG6Oc, as 10 amount.
Police scrip Is firm. Buying at S9S2c. Sell
ing at S5eSsc-
an act recently engros' ed by the louisiana
T~gfsiRfure suthOII Zes The Mayor and Common
Tosncil OF New Orleans 70 "a Sc bonds TO the
arnoupt OF I'VE million dollars, dated OStobeI 7
payable in twenty years, AT an tnoertst Oh PEI
cent. in gold, ana providing tnat tns pOnu
cannot be sold al par adoan shaA De eDsotedbS
the financial sgenJ at the Tate OF . percent. "a
gold. or 5 per cent. ia national caEreHey. IN
proceeds are to be exclusively applied 70 tAs
pavment " OF the outstanding circulating note
known as city money, 20 an amount equal y
each sum as shall appear by the books OF tni
ComptrnIler and Treasurer TO be Justly and lie
caUv outstandingan and q Unpaid, TO the paymen
a ~ anuAolhe
uCuidafed, acknowledged AID unpaid clslnl
accrulng ptfor TO the date Of the passage ofthl
aotr Ahnaacal agent Hs tesDsspRanted ,,
ma Mayor and Common Council, with an a.
luWsnce Of one-half per cent. 10 negotiate
lean. The city notes are to be burned and
tax Of tnree-eighths per cent f. 10 be levied OF
ali the property in ths oily, 70 be applied forth
redemption OF the bonds
The dividends ID rHentE- one HE insurance
enmpanies defng business Ia Massachusetts, las
year, we're over S7.5aOJ'