Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-07-24
MEMPHIS APPEAL.
FINANCIAL AM COMMERCIAL.
OFFICE OF THE DAILY APPEAL. I
MEMPHIS, July %, 1868.

There was very little doing in fnRn-
cial matters to. day. The re-opening OF
the Merchants National Bank is the
chief subject Of conversation in money
circles, and surmises as to when it will
resume were quite varied. We have it
upon good authority that either on Sat
urday or Monday its doors viii be open
for business, if not tomorrow, as we in
timated in cur last. A full and complete
statement Of its affairs will be given to
the public which will show it TO be upon g
footing surpassed by no similar institu-
ton in the South.
The New York coin market was easier,
loans making again at q per cent, but
the rates OF yesterday were well main
tanned, gold opening at 1887 and closing
firm. Dealers here bought few small
sums over the counter at 1H@l45. and
were holding st l42l, although we heard
of a sale CT $500 at l42. The market was
very dull.
Currency is setting in eastward. Near
ly if not all Of our discount houses have
been compelled 10 ship within the past
few days as there may be said to be no
exchange making. Rates are uniform
and firm. We quote at par to ] prem.
buying and checking at to ! prem-the
latter is the rate on New York.
Bonds and stocks are dull and nominal.
Wa quote City bonds, 5495ee. Mem
phis < Charleston railroad stock, 52@53c.
Memphis Gas Company stock, 81 50 (;
Mississippi Central Railroad, LIST
mortgage bonds, 5se; % do. 4Oe.
Mississippi and Tennessee, LIST mort
gage bonds, soc. Memphis and Louisville
lst mortgage bonds, 30932e; 81 do.
zoe. Memphis and Little Rock bonds,
4Oc.
The following are the New York
quotations for Government securi-
, ties to-day: Coupons 'Sl, Isl !;
do '62, IA /; do '64, III; do '65,
I2{; new issue, 8; do '67, st IO-4Os, 81
1905, % and Sd, 81; Old Tennessees,
$50 new do IS. Government bonds
STEADY.
City Scrip is firm but quiet. The de-
mand is very good. From S25O.0OO to
S300,O00 in scrip will be cancelled this
week, which will leave but very small
amount upon the market. We quote
nominally at 73975c buying. Brokers
generally are not selling.
County Warrants sre in demand at sac
buying. Selling at 5695Sc.
Police Scrip dull at zoe buying. Sell
ing at 73@75c.
a process has recently been patented
in England by which the bran OF flour,
after being separated, is ground into an
impalpsble powder, and then again mix
ed with the flour. Ia this way ali the
nutritious Ingredients are preserved,
while the tinsness Of the -four is not af-
fected.
The ancient Japanese laws against the
emigration of the people are beginning
to be disrsgarded in the existing confu-
siOns of the MikadO's Empire. Some
time ago between three and four hun
bred OF his subjects went away to Saigon
TO work, under contract, for some Dutch
merchants and the latest accounts from
the Sandwich Islands say that an En-
glish ship brought aboBt one hundred
and fifty japanese ennigrants to Honolu-
la, where they were at once taken pos
session Of by the emigration agents and
engaged for three years to labor in the
agriculture of the islands. The subjects
OF King Kamehameha are a feeble and
dWindling race, and the style of Amer
lean progress introduced into his King
dom makes it vital necessity that
stronger workers shall be invited to take
part III it.