Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-07-23
MEMPHIS APPEAL
FINANCIAL AND COaMERCIAL.
OFFICE OF THE DAILY APPEAL1
n ~ 1 .r-- LII

We, as well as the many friends Of the
Merchants National Bank of this city
will be glad to learn that it will reopen
in very short time-rumor says to-mor-
row morning. A meeting of the Direc-
tors takes place to-day at 10 am. at
which, rules for the guidance of the
bank Will be adopted, and other prelImi-
nary matters arranged. We pres ume
| that all the old officers will retain their
\ positions, which is a gratifying evidence
Of confidence upon the part OF the Direc-
tors and Stockholders in the integrity of
these gentlemen. We learn that Mr.
/ Mckee, who had charge Of the bank in
the interest Of the Government has turn
ed it over TO the Directors and departed
for Washington. The bank will resume
business with vaults full OF currency.
and upon a more solid basic, we have no
doubt, than it has enjoyed since the IN
fortunate affair which is generally I'M
derstood to be the main cause Of its tenn
porGry suspension.
We learn from planters that the hot
weather has driven nearly all the me-
groes out Of the fields. 1t is to be hoped
that this term OF heat may last but few
days longer, and that the short delay &C.
easioned thereby will not prove Of seri-
Gus detriment to the crops. The greatest
danger to be appreheIded this season
will be Of a political character. Mass
meetings of those who till the soil should
not be frequent at period when we are
in want OF bread, and every day lest in
this way eurtails our crops to that extent
The managers of the political campaign
Just inaugursted will, We hope, think Of
this thing aud act accordingly, but We
presume it will be vain to urge such pru-
Dental motives upon the Radicals, as
only in continued excitement and tur-
MOL do they expect to find success.
Gold opened in New York to-day at
1881, and closed at l43B. Dealers buy at
I4l!@142. Selling at 142@@l43.
By letter to house in this city from
a well known broker in New York, we
learn that Southern securities have de-
cided downward tendency in that mar
ket. We have confident dealers here,
however, who are anxious to buy favor
ite stocks and bonds at our quotations,
which owing to the absence Of offerings
must be looked upon as entirely nomi-
nal. We quote as follows: Mem
phis and Charleston railroad stock, 53c
Memphis Gas Company stock, 81 50
Mississippi Central Railroad, LIST
mortgage bonds, 5Sc; 81 do. 4Oc. |
Mississippi and Tennessee, 1st mort
gage bonds, SOC. Memphis and Louisville |
Ist mortgage bonds, 3093lc; 81 do. |
zoe. Memphis and Little Rock bonds,
40c.
The following are the New York !
quotations for Government seeuri-
ties to-day Coupons 'Sl, Isl /; |
do '62, I4I do '64. 1l5; do '65,
l25; new issue, st do '67, 81 10-4Os, So /;
1905, ID and Sd, 8; Old Tennessees,
81! new do G6B Government bonds
steady.
City Bonds are now being issued By
Mayor Leftwich to those who have de-
posted Scrip for conversion, but We could !
hear Of none being put upon the market. |
There is some inquiry for them, however,
at 54@56c
City Scrip is very scarce and in demand |
by those who wish to convert il into |
bonds. We quote at 72@75 buying.
Brokers are not selling.
County Warrants are active. Buyers |
were on the street offering R5c, but we !
could not learn Of any sales. We quote /
at 56957c selling.
Police Scrip dull at zoe buying. Sell
ing at 75c.