Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-12-08
FINANCE AAD TRADB.
UFTTCF Of TIE DAILY APPEAhl
MEEPEB. December z 1888.
EFEAEgE.

AEEaAA GE 1ELL ALAAAl AEEEALA
MEEPEts. December z lSs. I
FEsASCE-
The money market during the week
was easy, with abundance of currency
for all business purposes, bnt a scarcity
oTsmall bills. The demand fO- discounts
upon ali save cotton bills, has elmos.
ceased. Our banks report but an ocea
sionsl inquiry in this way, and where
No. l paper is offered it is generally tax
en-. AS an evidence OF the ease prevail
ing, we would state that parties having
unmatured psper, Ia several instances,
have offered to take il Up at the rate o.
g per cent. per annnm. Cotton bills have
been light during the week, and rates
were steady. New York Sight is taken
at I to J discount the latter has been the
prevailing rate, but some CT our houses,
looking forward to 3 sesroity, have re
dueed their rates to oUg inside quotations.
Ths rates upon outside points vary from
7 to s discount. New O5ieaas sight bills
are bought 81 par 10 discount by one or
two banks, but Others are not taking ex-
espt ST s. . to 81 per 5000 discount
Eastern bills are sold at par to discount,
SDA NEW OAaCzl1 b. 4~1V RACAAAAluR viii
an indisposition up II the part OF some to
sell upon the latter point at less than !
premium.
City Bonds were in better demand to-
day. Several orders are said to be on the
market. A sale OF 5000 wss reported at
52le, but the Offering rate by brokers Is
523. The near approach Of January,
when interest will be paid upon these
bonds, dispOses holders to wait, cpd only
small amounts sre thrown upon the mar
ket.
City Scrip is some frmer, but We could
learn Of 20 sales SOC wa bid for small
lots by dealers, who sell at SS9S4c to tax
payers.
County Warrants are firm and scarce.
The demand is steady, and st present is
almost speculative; 76o is the buying
rate. Brokers sell st 7797Sc.
Police Scrip is firm, with very little
upon the market. Brokers buy at 92c,
and sell at CSC.
School Scrip is scarce, with no present
demand; nominaIly 90 to Csc.
The New York stock market has been
stesdier during the week. Erie closed st
SIC, and New York Central at 12S&c.
Gold has also been steady. The only
noticeable change being on Saturday ; |
everywhere it jumped up to 136le under
the effect OF rumOrs from Paris reporting
q collision between the troops and eiti-
2 These rumors, however, had but
s momentary effect, IS the market
dropped sgain, opening to-day at lS5yc, |
and closing at the same. This is an sd-
vance upon the opening Of the week of
80 only.
The offerings OF gold in this market
were light. Dealers buy upon a margin
OF 1@l3c on New York rates, and sell st
lS549I86c.
The public debt statement will not be
ready for publication until soRe time
this week. The outstanding circulation
of legal tenders Is nearly S356, OO0, 600,
and OF fractional currency, $4,000. 600.
The total inspections OF tobacco in Viz
ginis for the six months commencing LIST
April ard ending 30.h September, 1858,
were 1886 hhds; for the year 1855 6, a.
OS6; 1867, 43, rs 1878, A., l47. The
inspections for 1878 we're divided &c fol-
lows: Richmond, % .697 hhds; Peters
b4A x AlsDSAF l. AlatGAEF OtOU IL
vile, $50. This calculation does not in
clude tierCes, boxes, tubs or loose tobacco.
According to the Russian official re-
turns the United States stands thirteenth /,
on the list Of importers, and ninth on the
list OF exporters. Ia 1866 we imported
from Russia goods to the amount OF
/ ,433,07S rOublss, and in 1851, 1852, 9S6
rOubles. We exported to Russia in 1866, {
> pa, 20 roub,es, and In 1867, 4,6OS, SOL {
roubles, the chief increase In cur exports
being in cotton and petroleum, bat {
enough OF these to double the total. {
Small as this amount may seem, it is
steadily incressiBg-in 1855 our imports [
from Russia were 25 600 rcubles, and our
exports to Russia only I45 .OO0-snd is {
Of an immensely greater expan- /
sion. 3
The Hampstead C~otRtryHGn, speaking (
Of the universal use Of specie in Texas, /
OF Galveston, ssys in some towns !
Of the State gresnbscks are never seen AZ
all, and would be IS great s curiosity as /
Bank Of England notes. {