Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-05-13
FINANCE AND TRADE.
OrFTOE or TIE D~AmY.APPEAL,
MEMPHIS, Nay u, 1871,
ETCANUTA Al.
FINANCIAL.

FINANCIAL.
Tbsre is a slight Improvement in tbede.
msnd for money, but the supply is sbun-
dsnt, and regular depOsitOrs are charged
IOII2 per cent for thirty and sixty day
paper, the inside rate being the exception
and the latter the current rate asked by
all Of the banks. Prime names in the
open market at Keeper cent per month,
and capitalists are quite independent even
st that rate and scrutiuize all paper close
ly.
Cotton bills are oHsring more freely.
Some $4,000 was taken yesterday snd
$4,000 today, by q bank, ahd $1,000
by another. Rates are steaGy sc par,
Eastern exchange continues IN demand
and can find ready purchasers among the
banks at 81 51G2 premium per $1,000.
Accommodation Transactions 20 the
amount of 5000 are reported to-day.
az these figures selling rates are firm st
uranium on All Northern and Eastern
points. New Orleans bills are also in bet
Ter supply and are bought at E6k
diso1uHi aud sold at par. We quote as
follows;
Buying. Selling.
New N1rk-.-.psraH prem Z prem
Boston ----.-.-----parGI prem. y prem
Philsdslphia.-.p Rr9H prem. = prem
Balttmore--.---p argA prem. = prem
Provldenc5 ----psrgH prem. \ prem
New Orleaus.-.-.-.. &@H dis par,
St. L0uls---.----.. parg16 prem q prem
Cincinnati -...-..--. parC1ls prem Z prem
The " Dulliug IN Mississippi and Ten
ua=s56 railway shares was the principal
theme OF conversation on Madison street,
aud various EpecuIatiOus were rife sc to
whether the McCumbs "riug" or the city
combination would become the owners Of
8 controlling interest, and also as TO
which would pay The highest price. The
city combination kept quite shady during
the ssrly part Of the day allowing Nc
Combs agents 20 wander about the city
I'm search of drlbl6ts, for which they
made various offers, advancing their price
from ~ TO 50, but without 8vEll. however,
as they failed 20 uuearth sny o. the de-
sired treasure. Oue of them scented a
500 share lot, aud Was informed indirectly
tlsl SO would be the least offer entertained
Dog She holder. AT this he took S back
seat and se.Jled down for the day, where
upon the city agent, having previously
been posted as - the whereabouts Of the
600 slares, made the acquaintance OF the
GVuer OF Lle 500 sLares aud proposed
EhsJ as he Che Owner) was interested in
the welfare q the city, that he would buy
She amount 81. 500 81 45e, Whereupon the
offer was accepted, and $50 shares more
were s5ded TO ke vote Of the city at the
coming election. The news Of the trans
AHa .HH.AA A-H-HAL EA4 A1A~N@ @aL@HA
era1ls o. g huttsr ia. the McGOmbs nest;
Tut Do was TOO lgt0-the chicken pie"
which the agent" and the "HsEtheu
Cliuss" had loUged for, was al gone. and
our friends Owe the way" viii now have
20 seek the bsimy air Of the country.
where they msy ind some few "sman
piCkings" hid away In old closets, OF
amOrE the papers Of some defuuct indi-
vidusl who bought stock when the Mis-.
sissippiF sud Tennessee railroad project
was inst sgitatsd in Mississippi Mem
phis and Charleston railroad stock is
quoted at 35g35Zc, buying and selling;
Memphis skies are bought st SOC for the
currency issue, and are sold at SIC; 5000
was sold to-day by q dealer at the latter
price; 5000 Of the second mortgage bonds
Or the Mississippi and Tsnnessss railroad
were also sold at TX; buying rates are
TU07L. County warrants are bought at u
an by dealers and street operators, and
are sold 81 %. Bank OF Tennessee money
Is n demand at q, and is sold by dealers
81 ID.
cold was bought at II0Z and sold by
dealers ct H.. Shipments to the East
have -Gen very light during the week,
and offerings about equal TO the local de-
msnd.
Tennessee bonds advanced I@Z in New
York t0-uEy, and are quoted At 7u1E and
20 respectively, for the old and new issue,
LLtEE axe L. ELaLAEE BID rates 81. LLELELE
on cotton 30 Eastern points. Many of the
leading lines are doing scarcely any
thing, while those who carry at cheap
rsIes get The cotton. The "rlYer and
rsll - rste to-day wss 7DlGS0c TO New York
and Boston, with q rebate Of 25c per bale.
new and ingenious method for seal
ing the locks OF bonded freight cars is
mentioned by q Washington telegram,
and viii Re adopted by the Treasury De-
psrtmeut for use on the roads bonded,
under the provisions of the law for the
transportation Of bonded goods direct
from ports Of entry 10 cusJom-hOuses in
the interior. This cOntuvanC8 is simply
q piecH Of glass about 70 uCh square,
which b inserted over the ksVhOle Of the
locks ia such a msnner that the locks
can neither lee picked nor opened without
breaking the glass. When the car is
locked on che seabCard a photograph of
the piece OF glass, which is curiOusly
marked with Irregular spots in red, is
forwarded 90 the officer whose duty It is
% receive and open the car, So III the
lock has been disturbed in transit, that
fact Immediately appeHrs plain to ther re-
csiviHE Inspector. The photographs are
prepared by The Treasury Department,
aud The seals themselves are prepared in
New YORK.
Statistics published by the New York
papers o. the receipts OF foreign dry
goods q. that port during April show an
Increase iu Che value of the imp0rtatiOus
Of some $1,000, 8JJ over the corresponding
month OF last year. This Increase Is
mainly 5u silks, linens aud miscellaneous
DRY g8ois-slzs alone forming nearly
Oue-lalf of i~t-al1hgugh both wooden and
cotton fabrics are somewhat in excess Of
previous years. The amount entered for
Consumption and Withdrawn from ware
house, sloH ing th5 total amount therein
on the market was as follows:
1893. $50. ISL
EuE for con-
sumuUluu----sl63b E el,sH .bda e,65.415
HlrlII Wu from
rs. H--a..- Z,Los,bG 2-5b4blU Ao5s 11J
Thrown on mar
Eetss,G4,7C5 s8,7u,H2 slI,90,g s8
Tire .mluut entered for w-arehOusing
was S2uI2T 20 in 1863; s2,l25,822 in 1870,
and 8. ~ 40 In ISL. adding THE 70 LLe