Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-06-13
FINANCIAL AND COMMKRGIAL.
OFFICE OF THE DAILY APPEAL.

| OFFICE OF THE DAILY APPEAL
| MEMPHIS. June L, 1868.
This has been another quiet day in
| local finances. The demand for money
is much less than might reasonably be
expected at this season Of the year, hut
| it is q gratifying fact and proves that
our business men have confined their Op-
erstions within such limits Is could he
comprised without assistance from cut
side sources. A much healthier state Of
affairs exists than did at the same time
last year, when failures were the order
OF the day and few were above suspicion.
Exchange Is more abundant, but rates
are the same, with no increased demand
from any source.
Gold opened in New York to-day at
$40, and tended upwards, closing at l40b
New Tennessee bonds were quoted in
New York to-day at rye; Old, do, 734c.
Coupons of 81, l62 do. '62, liz +; do. '64,
90; do, '65, %; New Issue,
l2Ic; do. of '67, 124; 1O-40s,
with coupons attached, Sc 1905, g aud
Sd series, 7sc. The buying rate of Gold
in this market during the day was I3S!
to 1899; selling at l40o.
The new City Bonds have not yet
been received from the engraver's haRds,
but as soon as they arrive they will be
filled cut and issued to such Scrip hold
ers as prefer them. Scrip is in demand,
with little on the market. Holders are
asking u to soc, while brokers are offer
ing but 75c. While on the subject of
ror;v, apd ROpds xra xr-..Y,II a.s,;,, rosroak
fully call the attention of the Mayor and
Finance Committee to the many claims
against the city, which have not been
acted upon, and which should be paid.
We were assured by Mr.. MeDavitt some
months ago that these claims would
meet prompt attention if we would "on-
ly wait" Holders Of thess claims have
waited, and we learn can get no salts
faction whatever about the matter on
application to our authorities. While
We rejoice to see the city credit gaining
ground every day, we reiterate our regret
that it should be so at the expense of in
dividuals who sold the city merchandise
at cash prices, and which by special con-
tract was to be paid for in cash, but is
yCA AhoNsNASN ia NFSA bAAit luOuEu
more than year has interviewed since
the purchase. It would be unkind, per-
haps, to suggest to the Board that the fat
horses which draw our engines, and
themselves, enthusiastically in the city
ambulance, were made fat and retained
in that condition upoA corn-not the
property OF the city; that the oats and
hay those horses devoured many months
ago, was as deliberately taken from pri-
vste cribs as ever Federal squadron
rifsd widows storehouse. We hope
that some action will be taken in this
matter, for it occurs TO US, at this time,
when confidence is uBquestionably
strengthening, and the city finances
have improved so materially, due re-
gard for the city's credit should lead to
IAN early cancellation of just debts that
have been held In allegiance until the
lapse Of months might almost sweep
them off amid the wrecks of the past,
that are unreeognizable, if not venerable,
from very sge.
County Warrants are dull at 60c buy
ing; selling at SO to Csc.
Police Scrip is dull at 50 to SIC buying
selling st So to SOC.