Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-21
FINANCE AKB TRADE.
oFFTCE OF THE DAILY APPEAL.l
MEMPHIs. December -, 1855. J
r

FINANCE
Gold opened in New York at 1851, de-
olined to lS5. and closed at 1865. The
GrecIan troubles are no doubt made use
Of to Influence the gold market. Here
we have 9o!ssles worthy Of note. There
was some speculative demand. Dealers
buy at 1914 Abs, AMI sell at lS5l9130.
TIE activity displayed in the cotton
market, which was nst looked for, or
rather which some Of our banks were not
prepared FOR, has caused quite a close
money market at the winding up Of the
week. More than Madison street ia
Rti ution hsd 10 barr0W fFam their mOFr
fortunate peighb1rs, and even then
SONS Of their checks have u bs held over
until Monday. While this is the case
with some Oi our dec3aut houses, Their,
Gre others with w1Om currency Is easy
ADD who sFe a~nxioust to get good Z sstern
bills. 0 n 4tinnsi Bauk wanted 800 =
600 s. dis. Another would have taken
toe same amount Rates we're e. follows:
B1yiug. selling
New E3IE ~ paT9He eis.
-. louis --......---.....
G G na t~ i
AaHAfakNH E -
Ne Oaean.-~--H SK Hprem.
Guy uouIs a - uuml1zlly unchanged.
II Iders ssk 5295Sc for paving bonds.
Tue inquiry t0r city scrip noticed yes
terday has not yet caused any material
change 10 gu .tstions. Dealers Cfsr s1c,
snd sell 81 S2SS,.
Caunty wsrrsots are steady at zoe buy
ing selling q; 7S9sOo.
Police scrip firm Baying at 9IG95c;
sailing at $685..
According 10 the report OF me Comp
troIler OF the Currency, the whole amount
OF bonds deposited in the Treasury to Sc
cure the National Bank circulation is
S3420 l9 $50. The smount OF circulation
Issued j. $500 9l5 166; and the amount in
actual circulation is 1929 300, sos OF the
amount issued OHIO has SIS. 657, $50; Indi-
aus. Sl1, l69 .055; Illinois, IS. III, 65o; max
ing 3 totsi for the three States Of $685.
GA ass, while of the three New England
States, MRss2chuse1s has SIS .56l O30:
Rhode island s32 676, $50; Connecticut,
Si7, 500 625 being a total Of $50, O38, 2s5.
Massachusetts sioDe, 1t will be seen, has
nearly CITY millions more currency than
Ohio, Indians snd Illinois. combined.
Massachusetts has two hundred and seven
banks, with 3 sspitsl Of over eighty mill
ions. aud the three Western States
named have two hundred and eighty-f0ur
banks, with q capital Of little over forty
seven millions. The whole number OF
National Banks ~orzanizsd in the United
States was 1855, OF which IF y six have
failed, or wound up, leaving 1923 in oper-
alton.
Toe New York banks having Western
sDd Southern connections lost all their
bank ourreEcy some days sgo, through
rsmittGucss 70 those sections, and now
their legal tenders are closely drawn
dove, 50 that they sre not in position 10
any further material drain; yet
the remittsucss 20 ST. Louis, Cincinnati,
ChiCsgo, Milwspkes and the Southern
were this week fully Up to those
of last week The bsnks generally are
Ia the smaller denominations Of legal
tenders, and have Of late relied upon the
Assistant Treasurer to furnish them.
OH ser received adVices from Wash
stating that the Treasurer would
put himssIf 10 condition TO exchange
small notes for large oEes