Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-10-09
FINANCE AND TRADE.
OFFICE OF THE DAILY APPFAL1
AEMPHE. October S, 1863.

OFFICE OF THE DAILY APPFALl
AEMPHls. October S, 1863.
There is no change 20 report in money mat
ters to-day, so fr as they refer to bank STAIRS.
Exchange is abundant upon all points except
on New Orleans, but there is little demand for
the latter. We quote all cotton bills at 20 dis
count Selling at par.
There is an active call for money for leglti
mate business purposes, and so far as we can
learn our banks are giving all the aid In their
power In this way; but the demand for money
30 remove cotton is so urgent that few are In a
position to extend more than temporary aid.
Outside ofCity Bonds We failed 10 hear of any
transactions to-day in the Stock market. A
sale OF Sl2,c0S Of the above was reported at SOC
City Scrip hss been somewhat lower ovin9
TO the fact that a large amount, held as coIIat-
eral by one of our banks, had to be thrown
upon the market. Sales were made. we learn
q low as 72e in small amounts, but we have q
sale OF $500 10 report At -25c. TIE lot held as
collateral was no doubt absorbed today Nv
tax payers. Dealers Buy st 70@T2c, and sell az
7S@75c.
County Warrants are frmsr. Dealers are at
variance in their views about this scrip. one
prominent broker bought 5000 at Coz during
the day. while others sIe buying at 5sta5Ss. and
sell readily st eoS62c. Very small pieces are
hsld at csc.
School scrip is steady at sOes5c buying; sell.
ing at S5aeoc.
at S5c.
COD opened in New York to-day st 1890.
and closed at lSsEe. We quote ct Is7aIS75zc
buying; selling al IssaIssLo.
The West has been drawing heavily IN Nsw
York for some weeks back. in the way Of chr
Tepcy. and our section has also been calling in
their balances from that quarter IN order TO
meet the heavy drain upon our banks for the
removal OF cetton. The crops are now In mo-
ton, and are flowing hack to New York. The
Mercantile Journal ssys, In reference to this
matter:
We may anticipate a SPECIFY and vigorous re-
sumption OF business in its most active and en-
ergeJic forms, 50 soon as We shall have got rid
10 occur In the great Middle States in October
the contest there being deemed by al parties As
In e great MEASURE decisive OF the Presidential
c20NEG At all events. should the conclusion
ofthe political contest De such as can be gen.
orally 6ccepted for q guarantee o. restored bar
mony and good feeling in all parts OF the coGu-
u, We shaIi witness & great end sanitary rsvi-
Nhl In Affairs IRE The middle of
The same paper says: NotbU i~thstandfrE our
b. coupon bonds Of the issue OF 1852. are
quoted = OF per cent. higher in Lcndon now,
tnHn one Eeek sso-they have declined ~ D.
. here Eincs our last report, the market having
among other things been Influenced by the de
cline in Cold. It IS a matter WoIhy or remark
t1at the decline on fhe other Issues were
scarcely half so much. Oar readers should re-
member that which We stated in these columns
= few weeks since 10 the elect that the Later
Issues Of 5-2js were intrinsicaIly more valuable
than the early issues.
The NGdoaGI LnteuIgesoer publishes at length
on the 5tu inst, What IL declares to be q tran
script OF the facts and figures Of the books OF
the Treasury Department. showing that the
pub1c oeot mss Increased since the LIST OF AprlL.
$50 over Sio2oO0foV, aud that since the list OF
May ofthe present year TIE deb. has increased
@,uoIU9.