Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-11-16
FlEAKCB AND A
OFFICE or TBE DAILY APPEAL,l
AEEPaTs. November il, 1855 !
EWNaE-R

WQGi0 disappear wO2 view, 10 turn ~
again inside the counter, where the
question Of " exchange" was no doubt
the subject which was so earnestly
poured into the ear OF Cashier or Presi-
dent, ss the case might Be. "Commence
checking on Monday" we presume,
ended that buyers troubles, and he would
give way TO another, who was probably
upon the same business, or msyhap his
place would be taken by SOM hungry re-
porter, who, met being interested in the
question OF exchange, except SO far IS it
Sould satisfy his readers to know Of the
fuetusdons in the msrket,) would ask
his stereOtyped questions and reesive
perhaps squsIy as stereotyped replies.
The offerings Of cotton bills yesterday
were very fair Is soLie houses, and Others
again were unable 10 get al they wanted.
Rates are therefore irregular. & few Of
our banking houses have regular Gus
toners, who are not led away by easier
rates, which frequently csa be obtained
elsewhere, because they know that ct 10
MISTER what time iheir bills are pre-
scented, and frequently q day or two be-
fore they have been received, the bsnk
has advanced them the currency where
with to purchase cotton and fiji orders
received 81 telegraph.
While, therefore, q large amount Of
bills were taken to-day at s92e discount
on ali points East, there were transae-
tons at s94o discount. All Eastern
drsfts Ere sold at psT, with occasional
exceptions for large amounts.
The demand Tor Exchange is very good
indeed, and comes from dry goods, shoe
and clothing dealers, and to some extent
from grocery houses.
Gold opened in New York to-day st
1S4fc and closed at 1870. There is an
active demand for coin here, and our
dealers have, in many instances, pur-
chased in New York for shipment to this
point. Ali lots offered are taken at 1874
@I35e; selling at l85t9lS6e. A sale Of
$4,000 wss reported between dealers
early in the GEy ut 1850.
City Bonds are about IS they were yes
terdsy. An offer Of SIC for q small lot
wss refused, the holder wanting 53c.
We could learn Of no sales.
City Scrip has presented no change to
note. There is 8 good demand from
dealers ct S09SIc, but none offered.
Selling at SS@s5e to taxpayers in large
and small amounts.
County Warrants are firm, with g
large speculative demand at 75s. There
is very little Of this scrip held by cut
siders. Brokers and dealers in il have
succeeded in absorbing all that has not
been taken in for taxes, and the tax
payer who hiss yet to buy will find it
advancing daily. We quote dealers
street operators st 75e.
Police and School Scrip are firm and
unchanged.
The following important report from
Comptroller Blackburn, on State FL
nsDces, will be read with interest:
C-oNPTRoLLER's OFFICE.
NASHVILLE, Tenn, November J., Is5a
TO the General Assembly:
4eansHIea: IN answer to your reso-
luton requesting me " to report 10 the
General Assembly how far the duties as
signed by the act Of September 3, 1865,
entitled An act 10 regulate the finances
OF the State etc, had been performed
what amount OF the July interest has
been paid, and how also the number OF
the Overdue bonds OF the State renewed
etc I have the honor 10 submit The fol-
lowing report:
Interest psid 10 New York, from and
~inelCdiDg October ., 1853, to November
z, 1858:
Interest ouoons.- ssis,45 10
Interest on renewed Duuds--~--......--. 2,sS So
Amount paIa in New York-.ss2l.sil 50
Whole amount pald- ssH-2gI s.
PAID ss follows, to wit:
Cash sent to New York from rsis-
Cash sent % Egw York nom State
treasury ----------- -.-.- I'2,tO %
Whole amount sent si5l,gz 50
Borrowed in New NoIz--..--- 400UUO %
Amount provided in Ecw York ssI,e So 50
OF the 500, $50 Interest paid here, So
$50 was paid in coupons by the railroads,
and S35,0G0 in cash cut Of the State
Treasury.
The 800 Geo vss borrowed Of the
Fourth National Bank, uf New York, 81
six per cent. per snnum, using 200 six
per cent. coupon bOBGs Of the State as
colistsrsls. The 100 bonds were ordered
SO rs IS serve a double purpose. First,
20 be used rs coilatersls secondly, 20 re- /
new the bonds that mature during this
month and during 1868
1 have SEM 70 the Fourth EatiCDsl
Bank, New York, TO be plecad 10 the
credit OF my loan account, $3.50, 00G, laav- |
ing a balance against The State Oh the
principal OF the s400.O COO borrowed Of
$4,000.
Overdue bonds have been renewed il
New York on the eth inst, as follows:
Bonds due May :,
January J., s5S.--.-.--......-. 200
November ], sGi..-.....-- lou0d
"sJoly l. SOD
Renewed In New York ......- s52i. coo
May bonds renewed ere--.----....-....-- I59.O0o
whole amount renewed. 900
or the 1000 bonds ordered and prepared
for renewing the May bonds. l59 were
uBed in renewing here, and 1000 less $50
equals Sal, the number sent 20 the Fourth
National Bank, New York, 10 COM
pli8Bce with the act under which 1 have
been operating, % be used there instead
Of here.
When in New York, President Cal
hOun, OF the Fourth National Bank, de-
livered to me l02 OF the May bonds, |
which he had renewed. They are here,
Cancelled and filed In this Office, together
with the l59 renewed by myself before
the act Of September ), 1865 IS aforesaid. |
1 also brought with me from New
York, the 800 bonds hat had been used
as collEtersls there on 8 former occasion.
They are in this Office.
Your obeiient servant,
q W n ATEFDT~n y /