Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-09-25
FOR RENT.
FINANCE AND TRADE.
FINANCE.

MEMPHIS, September "a, lSoS.
There were some transactions in EX-
change to-day at the usual rates, 4 on
buying and 4 premium selling. Nothing
was reported in Scrips, Stocks or Bonds.
The money market continues stringent,
though somewhat easier than last week;
the large sales Of cotton having offered
considerable relief. Street rates by cash
store brokers are, however, still usuriOUs,
and range from three to five per cent. per
month, or as much more as can be OBJ
tanned.
The Gold excitement in New York was
the chief topic of interest in our financial
market to-day. The Bulls and Bears Of
Wall street have enjoyed a scene of
ground and lofty tumbling, which has
had no parallel since the close of the war.
Even those stormy times were thrown in
the shade by scenes enacted yesterday.
Extremes IN the rise and fall of Gold
were r. cents. The highest point
cached was l6Ilz. ami the lowest I34, the
latter being the closing figure. Closing
rates last evening WAS Az, and with in
aications of astormy time to-day. Prices
Openedthis morning at $50, shortly jumped
70 100, fell back soon after 10 I55. leaped in
half an hOur more TO l6lL = and finally
settled at l34, al which figure the indica-
tons are il will hold with slight va
riations, a. it is generally supposed the
excitement is ended. Our dispatches re-
Safe particulars and describe scenes OF eN-
element that few Of II people are famil-
Jar with. The bankers and money deal
ers of our city were generally quiet look
ers on, and sat in their easy chairs reading
dispatches as they were delivered every
few minutes 5y the messenger boys.
Very few participated in the excitement
beyond a few remarks and
general expression of wonder
At sudden and violent fluctuations.
There were one or two exceptions, how
ever, and tive or three parties were cOnsid-
srably gored by Taurus, from whom they
had barely escaped before they fell into
1he embrace of Bruin, who gave a few
gentle hugs before letting go. One bank
sold. since Yesterday, Sl2,O00 of the pre-
cious metal al rates ranging from 81 80 to
I 30, a sale of $500 to-day being at the
latter figure. A planter sold 5000 at J II,
and, when the price hoped up, grumbled
FOR half an hour at his iii luck. Shortly
after q dispatch represented gold down 10
/ "A, aBd the count ryman was soon in
good mmog again. A dealer purchased
s4OOG from a merchant at l 80, and while
counting out the greepbacks, a dispatch
announced gold al ! S61. He quietly
asked the seller to keep the trapsaction
mum. OF course he did, but reporters
somehow pick up an item now and then.
A banker was requested by a customer to
telegraph to New York and ask what gold
would bring toarriye, wishing 70 purchase
for shipment. The reply, soon after, wac,
" Gold cannot De sold TO arrive, at any
price" There were other funny scenes
and incidents, but enough bias been told
for the time.
The following were among the dis
patches received:
NEW YORK, September 23.-GOid closed
al 1900 l38c. Excitement somewhat sub
sided. but every one is seemingly in
Valved The following are reported as
having failed: Smith, Gould x Co.; VIM.
Heath; VIM. p. Beldeni Runaway Gal
way; Hunter a Co.; noyt u Gardner, the
bead Of this firm being a Vietim of gold
room; P. II. Williams; Charles Mcclure
a Co.; Ward a. Co.: and c. G. Parks.
Gold Exchange Bank holding open for
difference. Reported that Smith & Mar
tin and others will Es obliged to suspend
temporarily, in consequence Of the Gold
Exebange Bank refusing 10 pay checks at
present, Hutil they ascertain the status Of
other parties. Saith * Gould state that
they hold the bank fGf sl5, 600, 600, which
they cannot pay until The bans Gan ar
range matters, business being so large that
they are unable 10 pay demands rapidly
enough. II is reported that Albert She
yers has failed. lie buliej gold to ex-
tremes and then ~repuiiated oontsasts.
lie states that be was buying for James
Fisk, without margin. The latter not
paying, Sheyers rspuhiates.
LONDON, September 2i.-5-20s 1885
Consols 90.
As evidences Of the increase Of the
wholesale trade of Memphis, We have, in
the course Of the past few days published
paragraphs in our city department giving
the Figures of sales OF crockeryWare, OF
drugs and perfumery, Of dry goods, and
Of boots and shoes. To-day we nave to
chronicle the sale of one bill Of goods 10y
Menken Brothers, amounting TO a little
more than $1,000. This, we think, is one
Of the largest bills ever sold ia Memphis,
ard speaks highly f0rthe house that made
IL. That's what We call business, and a
good earnest OF the season Just opening.