Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-09-25
FINANCE AND TRADE
FINANCE.
oFFtCB OF TIE DAILY APPEALl

OFFICE OF DAILY
MEMPHIS, September q, 1905.
The money market to-day was without any
material change, except that the tendency
among bankers towards restricting their line
or accommodation grows more peTcep.ble
every day. The weather, which never was
more unfavoTable at this season for tie
cotton crop, has not only caused this
feeling to exist among aukers but
also among our merchants, who are, in many
eases, Withholding their help from those who
but a month ego, they were eager TO befrieud.
While this state OF Affairs is to be regretted,
none see its justice more fully than the plan
ter, who, ia the large msjorty OF cases, are al
ready in debt as far as prudence will permit.
T offerings o~feIchange are leht and many
Of OuT prominent discount houses complain OF
scarcity. Rates are the same as yesterday. that
is. buying at &c discount 10 par. Selling al
AeSsc premium.
Gold opened in New York at Iiz<e and de-
cliaed 70 I8l7sc st the close. The smsu lots
offered here were taken a. Is9SI43c Selling at
l4c.
City Bonds are scarce, with only an " order"
demand, which ean'tbs filed at The limit set
upon them. All other stocks and bonds are
quiet, though a sale Is on the t1pis Of Memphis
and Louisville bonds, which was not wholly
effected at a late hour to- say.
City Scrip is firm aud transactions light.
Buying at 12973c. Selling at 76@75c, as to
amount.
By some u"naccouutabl6 error, either of the
types, The printer or our own, for the past two
day our quotations on County Warrants have
been out OF the way. The error was so palpa-
BILE that no serious inconvenience was occa-
stoned, but We alCde 20 It in order 10 explain
the seeming discrepancy 10 thoss who do not
keep fully posted on. the ruling rates. County
Warrants are in active demand, ana sre ve-v
drm, especially 50 N smaiIand desirable piAceS
We quote as follows: Buying-larpe pieces
56857c; small ones, 5795Se. Selinga at 5o1-6or-
School Scrip is in l'ght demand. B7yiue AZ
S0GSc. Selling at S59S7c.
Police Scrip is in good demand. Buying At
SOas2c. selling at S5GsSc.
The New York BuuatiH OF Monday saws:
The marked ease in money has continued
during smother week, and at the close there is /
abundant supply ofmoney IN call at the usual ]
low rates on saturday. LoRnable funds are so /
abundant that the fear NJ q tight money mar
ket seems TO have passed away with some psr- 4
ties, and tbs caution showed last week in tina i
stock market has given place TO a speculative /
movement, which has carried up prices. par- 4
ticulariy OF the q Erain carrvfnru W-siarn /
opinion, however, is that the esrly part OF Oc-
tober viii sse our usual demand for currency. 1
and, compared with the present, 8 eiosemoney
market.
AS a fair specimen OF The way the Radicals
deplste the public treasury, It is stated that
aimee the lst of July last, the expenses OF the
United ststss C1stomhOuses have been reduced
about $1,000, and still farther reirenchmept
is In progress. II has bsen found that many
employees have been drawing salaries without
rendering public service, aud that their ap.
pointments were the results OF mere favor
itism.