Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-14
FINANCE AND A
OFFICE OF THE DAILY APPEAL,l
MEMPHIS. December II, 1863 !

FINANCE.
The regular routine of Saturdays BUSH
ness at our banks was increased some
what to-day by ! bersl checking against
cotton purchases during Thursday and
Friday, hut money is easy and rates un-
changed. Good commercial paper, be-
tween banks and depositors, is discounted
at 9G12 per cent. Street rates are from
Il to s per cent. per month on collsterals.
Cotton bills on New York, as well rs
on St. Louis, Louisville and Cincinnati,
are bought at ac discount. Selling on
the latter points at par, without any con-
cessions, and on New York at par to sc
discount. New Orleans Sight Bills,
bought at 50 to IS IS per $1,000 discount
sold at premium, with some banks ask
ing J premium.
Gold in New York opened at 1855. New
York Central, 124 Erie SO. Gold closed
at 1857. Exchange was steady through
out at 949l0lc. We havs no Gales OF
Gold worth noting. Dealers buy 1e ua-
der New York rates and sell at 1861
Q'38e.
We could hesr Of no transactions in
City Bonds to-day. The buyers upon
the mRTEet yesterday were evidently All
supplied. We quote Paving and Pisin
st 62953c, with ions Of the latter offer
ing.
City Scrip is firm. Eominally SOC buy
ing; selling at Sl9S3c.
County Warrants are also frn'-7J9,
76c are the buying rates; selling at ne
soc, ss to amount.
Police Scrip scarce and firm at 92G9Se
buying selling at CSC.
The two per cent INTEREST," sue on the
lst OF July last on the Virginia State
debt VIII be paid on the lst OF January.
Is Is not expected that the . per cent
fsiliog due the 1st of January will be
psid.
For some time back the policy Of sub
hitting the question of the constitution
ality of the legsl-tsnder act OF Congress
70 the Supreme Court has been discussed
in influential quarters, and it is asserted
that an effort will be openly made and
pressed during the present winter to have
a decision.
The Director OF the Philadelphia Mint
states that the gold deposits for the
month OF November were S902,99S 81,
and the silver deposits snd purchases for
the same time S74,3S2 SIN all, S277,-
3Sl Il. The gold coinage for the month
was SlSS, Isl 81, nesriy all Of which wss
in double esgles. The silver coinage was
but SIS, 200, al in dollar pieces. The
nickel coinsse was Sis, 100, in five and
three cent pieces, and the bronze $500,
In one and two cent pieces. The total
number Of pieces coined is 2,9l9,353, Of
the value Of 1888, 2si 81. In these exclu-
siveiy paper money times 1t is surprising
that there Is IS much employment for
the Mint as there is.
The Philadelphia Ledger, alluding to
the New York bank statement for the
past week, and the drain Of currency
southwark, thinks the movement OF
money South is legitimate business, and
while it viii not iDjure the banks, will
materially and almost Immediately i'll
prove the financial and business pros
perity Of the South, which, if not al
ready, soon will be in . better condition
to resume specie payments than any
other section of the Union. 1t has passed
pretty well through its privations, and,
out OF debt, is steadily growing more
prosperous, the result of forced economy
and labor. Something of this is yet left
for the North to go through with.
The following is q statement of the
public debt on December l, 1855:
Debt bearing coin