Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-09-25

N1IA WI u LAAo.
minated without any edort TO compel th'
payment OF the extraordinary rates for Dor
rowing; on the contrary, while the price wa'
being carried up to over loU, the bulls W ere
I Offering from Is 10 l per cent per day ioi
| having their gold carried. According 10 3
correct report, the bull clique claim 10 have
made an even million out Oftheir operations
/ and the losses. on the other side must ne
! one prominent gole broker, Mr.. A. q. Spe-
/ gUrs. who was conspicuous this morning ioE
| Bidding I50 for one million OF gold, when the
| price was l&j, had failed 70 take uP The gold
| and in defense made n statement IN the Ooid
Room this afternoon 10 the eiieSt IN IA u 1e ~ solu
he bought yesterday Was Tor Mr. ". Beluen
! and this bid at loo to-day was on eecouht u
| James Fisk, IT,. and that his man lity 20 ae-
/ liver arose from both parties not having given
/ MIN any marriu but he did not explain why
! he bid l6O when gold could have been bought
at IaS. Mr. SpegurS' conduct IN olAer respects %
! during the day was such as 10 suggest the
1 idea tnat no Was under some hallucinatlOn ,
| but a report current On the street, that he had
| been placed IN the care OF ms friends, does
\ not appear to have been correct
The tremendous transactions IN tbe Go!d
| Room have produced complete oiahk IN
| business. ,
possible 10 effect all the clearances within the
Usual hour and the result has been that bro
k-rs have been unable 10 make a settlemenb
~ their accounts and several firms have
been torced into a temporary suspension,
with serious embarrass nlent 70 the whole
market Several nrins are placed IN lne po-
sttfon of Swing their margins, which are
locked up IN the Exchange BANK, and being
unable to get their tunus, are ulaple 70 make
their accounts good with their banks, and
therefore cannot give their checks IN settle
ment OF their claims The C9n'E'efet'tt says:
Among the failures are \. j. SPebuIs' peIaen
s. TO-, 4. Il. Williams, j., tH4iill.so, Jul tts
& 90 Chas. Mcclure & Co. = T. WaIteF and
Nm Heath & Co. The two latter nruns assure
their creditors of their entire ability 10 make
trfafaH EaG
10 ret possession of their iundHr by the COM
pletion OF the gold clearances. ana there Is
apparently good probaoiIHS ina D,it Nv W
ofthe other names menttoneS VIII prove 70 DC
permanent failures. -,
The ErDress says: The closing Of the day
The most evenJIul one in the history OF " All
sfreaf-vTas cOmparatiyely calm, although in
All directions were gathered small croWd5 OF
brokers' and Spectators, talking ovor the ex-
cited scenes.
Bank will be able TO make their settlements
bv 5 or o'clock this y NJ when the lehdlnB
bankers viii make settlement win me
-trasfs. some however, may not be able
10 srraighfen out thetr affairs before 10
morrow. Many reports are current ou
the street in relation 10 large fillures, ana
therefore should be received with caution, as
all indications point 10 satisfactory state
ment tomorrow. 80, -,
Rank, presenting Wednesdays business,
amounted TO ss2i, 900, but to-day transac-
lions must have largely exceeded that
The Treasury announcement Is as follows;
NEW YORK. September n
The Government reserves the right 70 ac-
cent the bids made at = o'clock to-norros7 In
excess of a DO1 Usl. for gold or bonds, in its 4
discretion. ~ direction Oh 'he h'ioi"O'e
lslgnedl DANIEL BIZ rERl ~ kLD,
Gold was neglected during the afternoon, |
prices ranging from I33 10 rs until late IN |
The day, when IL tell 70 lS2%, the closing !
price. The rumor that a foreign banking I
house sold S5.0O90U0 to-day for the UoVern- !
nent Is effectuaIly cOntradlcied- The rates |
paid for carrying were l-i2 To per cent. dur |
ing the morning and a per cent in the AFTER /
noon, though some loans Were Made at nat I
Since the above was written gotd has al- I
yunced TO 49, at which IL closed.
The failures and reports Of failures a. nave /
market. and the Improvement when IoI- 4
lowed the Break in gold has not been since |
maintained The nlinimum rate ls Der cent. /
gold, aud a 10 lse is very glqera5l( Eaid lor /
stock and foreign exchange were decidedly /
better on the decline IN gold Prime o5Ak-
ers' bills = 10 Sc, with more business. Fne /
panic in gold was attended with decline IN I
Governments, ranging rom y 10 y per csli. en-.
AT the second call, the Treasury order 10 ouy /
81 OOO.OOO OF bonds tomorrow as attended /
bv an advance of about per cent, and after /
tha call the advance was carried per cent.
nirthef. hEy lhe market fell of some hat be-
fore the close ana a. II ~ h"U state bonds /
dull but steady. Old fennessees olei Ee'r aac.
Cotton opened 1riner but closed heavy, and
the advance was lost; sales i-oO bales uglands
~ Flour S. 5 a5 IS. Whisky Il .. Wheat, /
TenneSse e. Amt 81 goal p Corn, SOUND, IL 4
al u. RIee qliet. Co.iee rriG. C4ea sugar
NEW ORLEANS.
NE,g ORLEANS September 2i.-Cotton lower.
sales ae00 bales Iniddlings at d =; receipts }+a2;
exports 6-57; sales for the week S1ltii receipts /
for the week gross, H706, net l3,DJi; exports, !
coastwisc, 2zj9, Liverpool 0&; stock @,lll !
VI y =.
20 al EogB 90 .ta3s %. Other markets un-
changed Gold lSE sterling nGmtnsL sew I
\ HOrk sight PAR
CINCINNATI.
CINCINNATI, September 2t-Family Flour /
= sls8 00 Corn 9Gca9S. OatS 50a3o. whisky /
81 Is. Pork So Lard ia. Bulk shoulders /
IL siig. GgeLt, I'D = llal ~. kye 81 o.. |
Coffee 70. 80. Buffer a5a@a. EsFs =. Eh"ese
6ai53s.
ST. LOUIS.
81, t9Vrs, September &.-tlDur SnFtrhns,
- g5j ID. Wheat 81 Vi. Corn sal U3. oats 10 !
Az Sugar l3al4s5. Pork So 56,i2 e. Buik /
shoulders l5l.; sides l. s14alS'l; bacon shout
ders los; sides .Si 4aiS's. Lard !N}=.
LOUISVILLE.
LoVfsyIILk. Sspfesaber 24.-Flour. super
hne IS 0Oa5 y. Oats 4Sa50. age sGs92t5. To-
bacco, sales l4U hhds at s7 iOal6 =. Pork So oN
a25 90; Bacon shoulders l6it; lies hf=ai554.
Whisky - q. Bagging 25i.tT
CHICAGO.
CHICAGO, september 2i.-Flour, spring ex-
ira = 0ia7 o. Wheat Il -. Corn 95iz. Oats /
IS" ttys ~ Hlghwines 81 12. Cuba Sugar lSis /
ais. Pork SD j0it,2 Is. ilAnl i. eulk >hVul-
deTs llalilg; sides i7ai74{
FOREIGN.
LIVERPOOL. september 2L--Cotton, sales for 4
The week 80 GUa bales, iLcluding h ,nUJ bales for
Cd port, end II, 90 for speculation. stock il2-
OOO bales OF Whish Gi.51e IS American. The /
market to-day closed steady, 2plands ~ ,dj /
orleans l2iSd; sales $500 bales. Caliiofhia /
" heat lOs sd; red western. o. ida9S 81. Corn, |
mixed rs I'd. Oats 3S Cd. Peas hos. Receipts
ing 1l,sQ American, Cotton az HaNre iH'ai
on the sygt aR9 ltOf aHoat.
9as J.2s OF ~ ~ 4 do. of '65 50 O-l's a. E;
40. of o. al Frankfort, &l,, Stocks quiet.
French Rentes 7Ui 5se.