Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-12-13
MONETARY AND FINANCIAL EATrERs
--LATEST REPORT BIZ TELEGRAPH ]
NEW YORK.

NEW YORK.
NEW YORK, December l2.-Gold heavy
throughout the day, closing at lOgZ9l19as,
prices declined. There was an advance to-day
IN securities AZ London, especially in govern
ment bonds. Loans were from per cent. gold
per annum 70 l-l8 per day. Clearings were
about sixty millions.
Sterling xchange-Bankers' bills, lOs.
MODey-Very nrm at z per cent. gold to =
southern state securities-were dun and
rather heavy. The closing quotations were /:
old 81; Tennessee, old, So: Tennessees, new,
So; North Caroiinas, old, 81; North Carolinas,
United States securities-Governmen bonds
opened heavy, and during the morning slight
" declined, but 81 the close were nrmer, end
the decline was recovered The clos
ing prices weres Five-twenjes Of 1881,
llSk; hve-twenties OF 1852, ll01z; hve-twen-
ties Of ls64, ll0Z; dve-twenties Of 1856, ui5s;
ties Of 1861, llS<; nve-twentes OF 1858, l55Si
ten-icrties, l0e1t; currency skies, ll31z.
Stocks and Bonds-rhe market was active
WeaK on the tirst cali, when a decline Of Z to
per cent. took place on the suspension OF
the Ocean bank The market was buoyant
vance in prices ranged from y 10 lA per cent.
Lake shore advanced IL per cent, and Pacific
maill1 per cent, and formed the chief feature
of the market. Tue advanc, in other active
| stocks averaged about per cent
Theodore 81. Davis, receiver OF the Ocean
| bank, stated 70 the reporter of the associated
press that he desired e TO be made known, for
The satisfaction Of out-of-toWn correspondents,
that all collections and checks now In transit
| for the Ocean bank will be turned over to the
National Park bank. Mr.. Davis also states
that all depositors VIII receive every dollar,
without calling on the Stockholders. The
ExpIs sss says: "The clearinghouse Of associ-
ated banks held g protracted session this
| evening, at the Merchants bank. The Ocean
bank matter was discussed in all its details"
The Observer says that some ugly facts were
brought out, which Will throw some doubt on
the statement that the Ocean bank viii be able
| 70 pay In full. Among the reports enanating
that the Ocean bank held and counted,
| as legal tender notes and memorandum
checks OF government ofncials 70 the extent
Of S75,0OO, and that further, this individual
/ was interested In building canal in the State
/ Of Michigan, Tor which purpose money OBJ
tanned on taese checks was used. we cannot
youch for the truth OF these romors, but they
/ were frequently circulated on the street and
generally believed. The Union Square bank
has been in the habit Of making its state
| ments at the clearing house through the
Ocean bank, and this afternoon 1t was re-
ported that this institution had been dragged
/ down by the suspension Of the Ocean bank.
The condition Of the Ocean bank on Saturday
last, as officially given by the clearing house,
exhibits deficit OF SzS4,T25, or over IS per
/ cent"
The rumored suspension Of the Union Square
bank Is unfounded. The officers deny that
there is any embarrassment. The report orig
mated in the fact that a clearance was made
through the Ocean bank. The officers, in q
letter. deny that Tweed is one Of the directors,
LONDON.
Il LONDON, December I2-At the close-consols,
sl1s98214; United States five-uwenties Of ls62,
coupons, s25s nve-twenties OF 1850, coupons,
9S1<: nye-twenties Of 1857, coupons, 9S1z; ten.
forties, W.
PARIS, December R.-Rentes. 56f Sc.
NEW ORLEANS,
Sterling exchange, 1854; sight, e discount.