Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-08-17
FINANCIAL ANJ CUmMEgClAL,
OFFICE oFTHE DAILY APPEAL
MEsfuHEg Hppaf Ia Ist.S

MEMPHIS. August Ia, 1865.
We would call the attention of our
readers TO the statement OF City Finances
In our local column. 1t was made up to
the 30th OF June, but its publication has
been delayed, owing to the fact that a
committee of citizens who were 10 ex-
anime into its correctness have taken
unusual pains to go over the whole mat
ter in order to give q Just and accurate
report, which necessarily consumed
much time. The statement Is very
favorable one, and justifies the conf
dence felt in our ability to pay off all
Indebtedness by capitalists abroad who
have shown desire 10 invest in our city
bonds-Sl50 600 OF which have been
taken on Eastern account within the lsst
two or three days. We cannot pass this
matter by without expressing the hope
that our authorities will instantly insti-
tute legal proceedings to collect the
amounts due the city from delinquenta OF
all Glasses. 1t will be further evidence
that the finances Of the city are looked
after with vigilant eye. There is no
reason whatever why any one, however
large a property holder he may be,
should be exempt from paying his dues
to the corporation. We do not intend to
let this matter rest until we have assur-
ances that defaulters will be made to
pay up, and we again call upon the
proper authorities for the names of those
who are behind hand that the public
may know them.
Gold opened in New York at 146!, and
closed at 1852. We quote at 143@144e
buying; selling at 145@1454c.
The New York stock exchange quo
tations at noon to-day were as fol-
lows Five twentiss, coupons OF 1871,
l4s do 1872, l34 do '64, 90 do 'G5, Il /;
do new issue, S; do '67, u; IO-4Os,
s.. Bonds dull; New Tsnnes-
see bonds, 63S.
Exchange ID easy with cur banks, and
rates remain steady-the demand and
supply being about equal. Loans to
are quite common, and dis
counts run from ! to l per cent. per
month.
There is a fair inquiry existing for
City Bonds to-day at SOC, but nearly ell
offered at that price have been taken
We quote sales of S13 goo yesterday, and
$1,000 to-day at soc. There may be a few
small amounts which can yet be picked
up at that figure, but very little.
Some orders for Mississippi Central
bonds have been Withdrawn from the
market, but ether parties are still anxious
to buy at COS for lst mortgage and 4Oc for
81 mortgage. A sale of 100 shares OF
Memphis and Charleston Railroad bonds
occurred at 53c with disposition on the
part of the buyer to take more at the
same rate, but the sale mentioned was
the only one we could lesrn of.
City Scrip is very quiet. Ledger bal
ances are more in favor as they are more
available. Parties holding them can
check against them on the city in sums
to suit, while most of the outstanding
scrip is in large and unWieIdy pieces.
We quote the latter at zoe buying, and
selling at 72(974s. Ledger balances buy
ing at Tic; selling at 75@76c as to
County Warrants are dull. Brokers
vary, however, in their ideas about
them. Some will pay no more than soc,
and sell at 55e, while others buy at
52@53c and sell at 56@57c.
Police Scrip is in demand at 75@76c
buying; selling at 7S@S0c.
In the State Legislature on Thursday.
Senator Cate offered the following reso-
luton which was adopted under q sus-
pension of the rules, and its transmission
TO the House ordered:
Resolved Or The Senate, the House con-
earring, That the Comptroller of the
Is hereby respectfully Instructed
not TO pay any money out OF the Treas
ury of the State to Railroad Receivers,
for services rendered as such Receiver
until said Receiver has made full and
complete settlement, and complied in
every respect with the law Of the State
pertaining to their duty.
The stockholders in the Nashville and
railroad brought their
to close Wednesday, says the
Nashville Dispatch of Thursday, by the
election of the opposition board of di-
rectors by majority OF 1902. The new
~.
Bass, G. NJ. Fosg, John Frizzsll, E. L.
Jordsn, w. Hunter Smith, Thomas G.
A. j.. Lands, Anderson Pow
srs, w. S. Higgins, John F. Anderson,
John 3. Hawkins, A. L. Patton, Jack.
son Pryor and Ben May.
The Board of Directors afterwards pro-
ceeded to orgsnizs, and went into the
election of officers for the coming year,
with the following result: 3. w. Cole.
President; John w. Thomas, Superin-
tendent; w. A. Glsaves, Secretary and
Treasurer r. l.. Brsnsford, Principal
La addition to the above
named Directors, Henry Cobia and VIM.
G.. Weldon represent in the Board the
city OF Charleston, John p. King the
Georgia Railroad and Banking Com
psny, and VIM. Bosom and ThOs. III.
Caldwell, Directors on the part of the
State of Tennessee.
Cotton was active in Liverpool st the
opening to-day; Uplands, 10Bd Orleans,
lO4d and at 1:30 pm. was buOyant and
higher; sales 5000 bales; Uplands,
l0kd; Orleans, 1914. The New York
market opened quiet but firm, and
closed dull and nominal; Aliddlings,
Z94c; Orleans, soc.
A bale or two only of low cotton were
sold here at prices varying from 20 to 25c.
COTTON STATEMENT.
CHAMBER OF COMMERCE.. I
MEMPHIS, August 10, 1868.
stock on hand Sept. l, lS57.............. 1,0S0
Received toe ay
Received previously 2 23 123
s4.2O3
Exported to-day .................
Exported previously 6B 30 JOB
stsck on hand to-day, IL m............ -
Received this week
this week..
BRAN-Dull at S2l@22 on landing, in
lots,
BUTTER-Lower; choice tub 3503Sc.
BACON Market well supplied, and
declining. Sales to-day were made at
l73c for Clear Sides in lots OF ten casks,
while twenty casks were offered at I7sc !;
1S4@l4c; Breakfast Bacon,
lSk@19c.
BAGGING Light jobbing demand.
Todd's, 1S@lSsc. Kentucky heavy, zSs
926ac. India, 2R9z7c.