Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-10-12
FINANCE ANr TRADE
OFFICE OF THE DAILY APPEAL
WEDNESDAY,, october II, ISL


There IL much interest felt and expressed on
the street IN regard 70 the Liabilities OF Eastern
fnsurance companies in Chicago and the Stale
OF Illinois. Ii Is, IN our opinion, premature 60
undertake 10 speculAte anu 9ebefmlne via
companies will and what vii not succumb u
this great coudagratlon. A private telegram
was received by the agent here Of the NORTH
BRUSH aud Mercantle Insurance company OF
LoDdon and EdnburR says that he ChicaRo
losza8 viii not afect the capital OF the com
pany-tie losses being less thantae Ore sur
There Is nothing ofimportanoe to report For
the past Two DAYS less business has been rams
70 the great nre IN Chicagoi but to-day natter
have settled down, aDd cotton bRyes and mer-
chants went 10 work IN more earnest, and ous
ness wGa good: Money is close, but no EN-
barrassment Is experienced, the supply being
enough Tor the demand. There Is con
siderable inquiry for money, but parties out
side OF regular customers must necessarily pay
the outside rate. Rates are unchanged al 100
Z per cent per annum and2 TO per cent per
month.
and the supply good Rates are Ehe same as
reported yesJsrday, y on New YORK and son
cod 6dering is light, and but few ranssc-
tons. The rates for buying are ll3H 70 u5E,
In silver but little business was donei one
dealer bought 500 in halves at LOT.
Local securities and stocks have undergone
no cnange 10 speak OF for several weeks. They
are hrm, and would undoubtedly be IN good
demand, but al the surplus money IS now
bsiug used in moving the cotton crop; and as
lie daily receipts and shipments win show a
large business has, up 70 date, been done,
Memphis and Ohio shares are " 70 lsE, AID
quiet lst NOR cages at IS 10 soc ID do, o. 10
65c, and IN light demand. City are drI1'
al $50 70 &C buying, and selling al Ole gold
issue, IS TO csc. Ban OF Tennessee, old issue,
isqufet at 50 70 sc new do, IS 10 sSc, REdduA-
In county warrants we have nothing new TO
report; buying al SC and selling at sc Brok-
ers are holding Arkansas leTee bonds at 81 10
-. ne market is dull Memphis ami Charles
ton railroad stock is held a. 3 70 55zei LIST
mortgage bonds, 50 70 SC "a do, " 70 oei
MISSISSIPPI warrants are in moderate demand,
and asking s. 10 SIC; Mississippi Valley, 81 10
Sic; fernando, o. 10 ooci and Mer-
chants Insurance stocks, 81 70 GOci Alabama 5s
are quoted al Is TO &c; do, Fights 81 VI 70 L.
Arkansas State warrauIs, nsWs buying ato4lol
66c. skies. 81 70 51c; seVenS, a. 70 DC;
eights. "A 10 nc. Mississippi Central rail
r,4d shares at lSc 10 lgc; for lst mortgage, deal
ersl-eport SIC 70 SIC as the buying and selling
rates. ID do. &c to &c. Mississippi q Tennes-
see railroad shares are lte 20 BE- Isl mortgage
bonds. sze 70 sc; ID do, zoe hids Consolidated 8
percents, Zcask1ng. Memphis Little hock
TaiIr1ad shares are nomfnRlly Mc 70 zc5 do
Isl MORTGAGES, 56e to &c Mobile and ONO
railroad sterling bondsare quoted at eo%cGS5e,
buying and selling; do ex-certs, 81 to &c; do
eights int, Sic; do ID q to 6Se. Missouri
skies are quoted al 81 10 SOC. Nashville skies,
81 TO 60c. Insur nee and bank stocks are
Quiet and but little demand. Arkansas state
bonds, indOrsed by the Memphis and Little
Rock railroad, are sc 70 &C.
4 Bonds I'm New York.
5 NEW YORK. October II, n.S p.m-GOvem-
! meats were 8 fraction better, with a medium
demand. Sterling was steady at lS54. Gold
carrying 2 PercenL -,