Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1868-06-10
FINANCIAL AM COMMERCIAL.
OFFICE OF THE DAILY APPEAL.l
MEMPHIS, June g.. 1855.

mE4FAus rune = 1900.
There is no change in money matters
to report. Rates of Exchange remain 8:
they were at our last.
Gold opened in New York at 1891 and
closed at the same. We have no sales
OF any amount to record. The buying
rates are Dominally 13S to 1881, and seT.
ing at 1891 to 40.
City Scrip is nominslly unchanged,
Ledger balances are more in demand,
and brokers pay more for them than fol
Scrip. We quote the former buying al
70 to 75c. The latter 20 to 73c; selling at
IS to 78c.
County Warrants are dull. Dealers
are not buying largely. They offer SIS to
62c, and sell at IS to Csc.
Police Scrip is now plentiful. Buying
at so to s3c selling at IS to SEC.
The suit instituted by order of Andrew
johnson when Military Governor of the
State, against the members of the Legis-
lature Of 1851, who voted to remove
| South the assets Of the Bank Of Tennes-
see, will come up in the Circuit Court at
! Shelbyvills in a few days. The amount
involved is over 81 .000, coo.
Gen. J. T. Boyle, President of the
Evansville, Henderson and Nashville
Railroad, addressed q meeting at the lat
ter place on the 9th inst. With regard to
the proposed subscription, by the county,
of its Louisville and Nashville Railroad
stock, in aid of the first named road.
Any attempt to increase the burdens of
the tariff comes with q bad grace from
manufacturers who have just been beue-
fitted by the repeal Of the internal tax.
They have already been relieved this
session to the extent Of forty-hve millions,
and surely that should satisfy ali but ex-
cessive greed. 1.-THE tariff is to be touched
at all, it should be with the view of re-
ducing duties in the proportion of aid rem
dered by the removal of the internal tax
and If Mr.. MOorehead persists, we trust
this is the cOunteTblsst that Will be used
against him. For the T~e-opening of the
subject, if il Is T~e-Opened, will be Wanton
and uncalledf for. Nothing has occurred,
CT is probable, that can justify its agits-
ton. The financial condition of the
country affords the strongest possible
guarantee that, for years to come, a large
customs revenue will be Indispensable
and in the comparatively high duties
which are thus made necessary, the man
ufacturers have ali they can fairly ask in
the shape of protection.
The tOta! shipments OF specie from New
York since January l to May %, 1858,
amounted to $32, 947 99S. This is nearly
double the amount of specie exports dur
ing the same period in 1867. It is also
largely In excess of the exports during
the corresponding time in former years.
According to the returns of exp9rts and
imports the balance OF trade is now In
our favor, and is likely to become more
decidedly SO when the produce trade sets
in more actively in the fall. 1t is 10 be
observed, however, that in the present
unsettled condition Of credit Oh the other
side of the Atlantic, and in consequence
Of the Ease in money on this side, bank
ers find it more convenient and prOfta-
BILE to ship specie to provide for bills
which otherwise might be allowed to
take the general course of trade.