Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-06-18
FlNANCE AND TRADE
OFFrCE OF THE DAILY APPEAL,
MEMPHIS, June Il, 1871. }

FINANCIAL.
There are no new features ia the local
money market differing from its general
tone for several days past. Money is In
ample supply TO meet the wants of the
regular customers of the banks and bank
ing hours, and there is no difficulty in ne
goEsting No, ! paper, in fact there Is a
demand from some of the leading banks
for thi-ty aad sixty day gilt edge"
notes, and al such can find ready dis
count at 10 per cent. per annum; second
class paper is in abundant supply, but the
banks do not want il at less than per
cent. per month. In the open market
there is very little available capital seek
ing investment, and paper" is in abund-
snce for good tWO-nsme paper; on that So
cured by bonds OF stocks as cOllaterals. 2
per cent per month interest is charged.
The exchange markets. without notice.
able change. Offerings are limited and
the demand light. Accommodation tran
s8ctiOns Of 500 0 were reported between
banks to-day At 81 90 premium per $1,000.
Cotton bills are steady at par buying,
with decreased offerings. New York bills
are bought at 3 and sold at \ premium.
New Orleans are taken 81 55G% discount,
and sold at 3 discount TO par.
Gold was In better supply, and TRANSACT
tions more spirited; $1,000 vas bought by
one dealer at l1lZ; small Its amounting
TO perhaps 5000 more were taken by 9TH
ers az the same rate. The demand was
light and was supplied at Il2H.
Local securities stock scrips, etc, are
quiet, with sn advancing tendency in
State and county Indebtedness County
warrants were in active demand 1t 1915,
and were sold over the oUnter 1T 77978.
Bank of Tennessee money is in brisk de-
mand at S5@S6, and Is sold a. S9G9O.
Some $50 900 OF Arkansas state rs, issued
TO the Little Rock, Pine Bluff and New
Orleans railroad, were received and will
doubtless be placed upon the market
shortly. State securities are firm: $1,000
past due coupons we're bought by a dealer
1T y. Missouri 6's arc quoted At 94a9jC.
Alabama SIS, 69@7O; do SIS, lOl9lO3. Ar
ksnsasG's, J5G56; Ts,49Q50; new do Levee,
40G45. City securities are firm. but quiet;
the new currency issue is bought at So
and sold Al SIX; gold issue, COOL. Rail-
road shares and bonds are steady and
without sales. In the absence of trsnsac-
tons, we quote nOminally as follows:
Memphis and Ohio shares 1q9l91Z; do
Charleston stock and bonds are in de-
mand; we quote the former at 36ZG371Z;
Ist mortgages, S4G88; ID do, 78@7q. Mem /
phis and Little ROck railroad shares were
unOn the market to-day, but had not been
disposed of up to a late hour; they we're
quoted at 20; LIST mortgages are quoted at
Mississippi and Tennessee shares
are in demand ~ 20; lst mortgages, S2Q |
IS; consolidated do, 70. Mobile and Ohio |
sterling, S7QS8; do eX-certs, 6l882; do SIS !
interest, 81; do ID, 67G68. Selma and
Meridian lst mortgages are 66G67. Nash
Vile G's, $1,000. Insurance and bank
are quiet. Merchants Insurance
stock, $3.50 Plan ers', 1928. Peoples, |
Mississippi Valley, 3O93I.
STOCKS BONDs IN NEW YORK.
NEW YORK, June Il, 2:25 p m.-Govern-
ments firm. Sterling is steady at Hoy. !
Money easy at 4 per cent. Gold lOaning