Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-22

~ in the general activity prevailing to
dsy. Money is easier than on Saturday
and exchange is coming in heavily.
The demand for exchange is also active
and come from ali branches oftTsde.
We quote IS follows:
Buying. Selling
New York = dis. PaTG'sc diF.
New england --- DIS.
StnGeiGnnsa-~~-~-
New orleGns-~-.---- s385s 5sgEp pm
Mo l commercial psper is taken when
offered g. 9@l2 per cent, but there are
very few borrowers.
Small notes are more abundant than
early 10 the week and we learn OF no
complaint on this head.
There Is no doubt about the payment
of the Interest on our city bonds and as
psy day approaches the demand is inn
proving. \ sale of S1O.0 600 plain bonds
were sold in New York On account Of a
National Bank Of this city at 525 We
heard Of no local sales or in fact offerings,
but quote nominRlIy At 5295Sc. The in
terest will be paid, we learn, at the First
National Bank in this city and at the
Park Bank in New York.
City Scrip Is steady. Dealers offer soc
for large and small amounts. We learn
that an investigation iHto the amount OF
Scrip now outstanding or u~neancelled
shows it TO be less than $50 GOO. The
balances against the city IN the shape of
ledger claims will smounAes over $780,
600. As the Scrip bears interest it is
more desirable sBd is worth probably 1c
more than the ledger balances. A lot of
the former, however, which is held by 8
bank was offered at sic, and was unsold
at noon. Dealers sell at S2GS3c in lots.
County Warrants are in better demand
and are some higher 5000 was sold on
Saturday evening and delivered to g
dealer to-day at ne. Taxpayers buy at
7S9SOc.
Police Scrip is Ia demand and scarce
at 94995e buying. Selling at 95@97e.
Gold has varied during the week,
opening in New York stl35i, going up
to 1854; opening this morning at l3l!
aud closing s. l35l. Ia this market buy
ers maintain q shipping margin as there
is no counter demand. Buying at 1910 1
1915.
The New Orleans RicdyJu9e says the
supply of capital available for the nego-
gotietions OF all a l paper is ample, bat
as most Of the offerings OF this dascrip-
ton are taken by the banks, there is but
little left for negotiation outside. The 4
street rates are ten per cent. per ANU N to
one per 9 per month for A ! notes,
secured by uGquestionRbIe cOllsterals, and
ll@ls for second grade; one per cent
per month for strictly first class business @
paper without cOllstsrRls; and Log for !
good and second class. Mortgage paper +
twenfy-hve yeEra, oTOEEHAlL l. a farm em- :
brscing about lz5o acres Of the choicest Eortion Z
OF the es.aJe OF he late DAVID -hAlGhEAD, o
situated IA the bend OF Island No. q, Arkansas o
s,os, IS low offered lor sale. !
There are onthe place about TO acres cleared, !"
vel fencsd, an1 now IN cotton and corn one 2
hund ed GcIesi in h1s oy press timber, 10 which Y
rem the bank q The TiverIa, IA Clnplets Wu a.
ming order, a runway. provided wIeh railroad y
IruCBs, convenient for bringing lunbsr Tor n
shipment. The balance o. the land ig heavily ii
limberst with Csh, ash, walnut. cottonwood. q.
etc II is well leve5d, and q lzTge portion Of !
the tract Is entirely above TIE hlshssg hoods. jO
There arc alrO on tbs place comfortable houses,
NEGRO quarter. q gin AID COEton ETsss, bsrUs, II
stables. q fine apple aud = peach orchard, and II
everything IN CCmpiets runulng order. Also, q
a number OF reliable hands. who have beer on ~
the plscs for years, who NAV be cmpi yes By =
The purChase7- ElsO- mules, horses, stock hogs, !"
DEeu- etc.. s1EciCrf &c w1fE ft, Gua vGlnEa at OF
stout 500. These latter, il viii - dasirab. e 10 IL
niEpo7e OF 70 the purchaser oI he land u
Fqr fGIS1er Ee5leq,4rs e2Pyso
K ". DAYIsarrsptibly changed. The "
StAss potd the interior were very q
eVeE, and the demands Of borrowers
cry large and pressing. The lORn'able ii
funds Of the bank were nowhere neal I.
equal to the demands OF borrowers, and Il
recommendations. were procured, there Il
fore, with great difficulty. n
The ciearest heads liz Wall street, and p
throughout the country, says the Leather al
Reporter, have given the most attention g
The past week to foTgcasting the probable Il
legislation OF Congress in regard to OF
finance, taxation, and a revised tariff VI
law. The public documents, with their ca
Weighty statistics, nave been read with VI
more or less attention. The Secretary of OF
the Treasury, though advising a return II
10 spscie payments in two or three years al
IN q definite mode, has proposed q plan pr
Is not likely to be acted on. The al
TACT is, that the "plans" are almost W
numbsrless, and the subject has been la
nov 30 widely discussed, that Congress ".
will not be able to act In a hurry, nor OF
Will it be likely to pass any particular co
bill as presented, although IL seems the SD
determination OF the legislative body, no
than Of the people, to adopt imme- II
date steps which shall bring US grzdu- &c
lilly toward this desired end. The tariff DO
will probably be increased, and the Sec. az
rotary o. the Treasury advises the re- ar
establishment OF the tax on manufac. WI
which was repealed last spring.
this be done, its effect upon in pr
iustry would undoubtedly be very disas. on
as the revival OF trade experienced co
after the repeal OF the former Law was fol
very marked.
The rates. Of interest for money have VI
been rather higher this week on " caIu Isl
OaDs TO brokers and others, and there is po
very little money now loaned at less tol
han seven per cent. per snnum. The
up Of the years business. and W
he balancing OF accounts, has created Z
risk demand, which the bsnss, thus 81
ar, have been fully able to meet, the Gel
being from seven TO twelve per cent, go
llne per cent. being about the average. up
The Ledger OF Philadelphia says of oe
hat market The o market is Tel
satisfactorily, though there are I'M
ill more borrowers than lenders, and I'M
he demand would probably be greater pro
we're general business more active. Wi
There is no apparent disposition in any Oh
department. OF trade TO operate for a flu. an
uFe m~sT5st-there Is no speculation. II sci
& this hat sofCeEs the money market as th'
o rates, compared with what they would pre-
,e, IL there was q disposition to buy or ne
ell largely for he future. The banks ca
ire still sending currency South and hei
West, and THE necessarily limits their
lis counts. The best paper on the street