Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-08-30
FINANCE AND TRADE.
OFFInF OF THE DAILY APPEAL,
MEMPHIS, August %, 1871.
FINANCIAL.


The money market was quiet and de
void of interest, with little doing il
monetary circles aside from the loca
checking and dspOsiting. Money con
tinueE to rule easy, with sufficient Of
currency on hand to meet the demands
of trade. The demand for money is not
as active as has beer the case at this time
of the season heretofore; all hrst-class
paper, with uneXceptiOnable names, Of
IsTlng Is being freely discounted by the
hanks at 10@l2 per cent. per annum'
Street loans rule from 2 to 8 per cent. a
month. Exchange is scarce, with little
making. Bankers rely on brokers' Tor
their supply, and, in some cases, are com
PEELED to ship currency east to keep up
their balances. The rate between bank
ers is 81 5OGI rs per $1,000. Counter rates
for small bills are buying at par, and sell
ing st 70 premium. Cotton bills, with lew
making, are taken at par.
Cbin-Gold is in light demand, with
small offerings. Brokers are buying at
liz, and selling at 112XQll2H. Silver
remains steady, buying at lO69lO6N for
halves and quarters, and selling at lOI'
Local SecaTitieS-Continue in favor, With
q good demand from Taxpayers for war
rants good for taxes. Broker are buying
county warrants at So and selling owe
the counter at S7GSS. City past due cou-
pons and floating Indebtedness are buy
ing at 50 and selling at Sl9S2. tennessee
money, old issue, rules quiet and steady,
with 4 fair dem0nd from Taxpayers, buy
ing by brokers at Sc and selling at $500
for small bills. Brokers are Offering
the new issue at 40. City bonds currency
bearing old issue, are in good demand at
at $1,000. We learned of one sale made
To a broker of $4,000 at 59H. Memrhis
skies, gold bearing, are steady, but firm,
with few offering. Brokers arc Offering
Gi1l;S65 and asking 66c. We note a sale
of 5000 8 29's, new issue, by a broker at
1929.
Arkansas Ievse bonds are dull and
nominal, with no demand at 80. Dealers
are willing to reegizs at this figure, with
no buyers on the market. Ark
ansas railroad bonds are IN de-
mand at 65c. Arkanaas State bonds,
fves, new, buying ut 64G66; skies, b0@57;
seyens, 52954; eights 74977. mississippi
warrants are quoted at 70@75. Memphis
and Charleston railroad stock is in
fair demand at S5@35Hi lst mort
mississippi Central railroad shares are
1903; for LIST mortgage bonds dealers
report S4QS6 as the buying and selling
rates: I'd do 75476. Mississippi and Ten
nessse railroad shares are 1920; LIST
mortgage bonds S4H@86; I'd do 4970i
consolidated S per cents, T7g7S. memphis
and Little Rock railroad shares are nomi-
nally l6Q20; do LIST mortgages, 7bt976.
Mobile and Ohio railroad sterling bonds
are quoted at S6H9SS buying and selling;
do ex-certs, 6l@S2; do S. int, 81; do I'd,
6796S. Selma and Meridian LIST mort
cages are 66@67. Memphis and Ohio
shares are 1S@i92T; LIST mortgages at 1850
so; I'd do 64G965. Alabama 6's are nom-
iually 6Sa70 do SIS. 1019IG3. Missouri 6s
are quoted ct 1895. Nashville 6s, $1,000.
Insurance and bank stocks ara quiet.
Merchants Insurance stock, $1,000
Planters. 42@43. Peoples, S4&Sb. Mis-
sissippi Valley, SO@SI. fernando, 64Q65.
BONDS IN NEW YORK.
NEW YORK, August %, 2:25 pm
Governments are a fraction firmer, with
a medium demand. Sterling il steady at
1895. Money continues easy and un'
ahnH-aA-