Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-06-15
FINANCE AND TRADE.
OFFICE or rHE DAILY APPEAL Z
MEMPHIs, June Il, 1871. J
INANOLAI

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Nothing has t~rsnspired since Our last
report 70 disturb the even tenor OF the
money market. The amount Of currency
ab the command Of the banks and Dank-
ing-houses is yet ample to meet al the
I demands Of the mercantile community
and there is little If any difficulty eXpe'
Z riencsd in negotiating gilt edge paper
st l00I2 per cent, and instances are
named where 9 per cent. was q rate
| charged on short date notes. In the open
market the rates range from II TO 3 per
cent. per month.
Exchange is Offering slowly, and yet
the supply seems fully mp TO the demand
There were offerings of 5000 and $4,000
lots IS 81 25 premium per $1,000, without
takers. The buying rate on cotton bills
is par, and on bank exchange Is premium
is paid. Selling rates are = premium.
Ne~y little animation has been shown
In tie gold market to day, and trsnsac-
tiOns were smaller, il anything, than on
the previous day. Dealers bought at III
GlllZ, the latter being the extreme rate
paid for shipping lot.
Local stocks and bonds are quiet; "a
shares Of Memphis and Charleston rail-
road stock were sold to a dealer at SO
County warrants are in demand at 400
and Bank of Tennesses money, S4gs5
buying and selling. City bonds are
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60G6i for the gold issue. Mississippi
and Tennessee railroad shares are
in demand at 20; Memphis sud Ohio are
worth l9GI9%; past due coupons are
bought at IS. Insurance stocks are quiet
and unchanged at the following quota
ti0ns: Mississippi Valley, 3093i; Herman
do. G5666; Planters, 4l@42; Peoples, 81
ass: Merchants, 59GG0; Mississippi war
rants are dull at 60G65; and Arkansas at
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at $50; Mississippi Central railroad first
mortgage bonds are quoted a. 50; second
do, 70; Mississippi and Tennessee first,
So: second do, %; Memphis and Charles
ton first, Sc; second do, ~; Memphis and
Ohio los, IS; 6's, 90: Memphis and Litale
Rock first, IS. Mobile Gnd Ohio sterling,
IS; do eZ. csrtH., 81; dO8'si interest, 81; 90
second, Is: do stock, 50; Missouri 0si 50;
Alabama 5's, 20; do SIS, los; Arkansas &c,
81; do Re, 4s; Selma aud Meridian first
m0rtgsge bonds, o.: Nashville 6s, 90.
Arkansas 6's, 5i do rs, As; new leYee rs
do. S5@40.
The following is an official statement of
National banks ORGANIZED under the act
Of July r. 1870, during the week ending
June s, 1871:
ls8iLTbe First National Bank OF Mich
o~lssvills. Kentucky. Authorised capital,
S6j. 900. Paid in capital, fH2750. George
Brown, President John A. Willis, CASH
Ter. Authorized TO commence business
June >, 1871.
ISS2-The Northern National Bank of
Big Rapids, Michigan. Authorised capt.
tai, $4,000. Paid IN capital, So, 500
George f. Stesrns, President; Charles p.
Clifford, Cashier. Authorized 20 COM
business June S, ISL.
lS33-The First National Bank of Pue-
bio, Territory of Colorado. Authorized
capital, SOL, OCO. Paid in capital, $4,000.
John A. Fletcher, President n. d. Thath-
sr, Cashier. Authorizsd 20 commence
business June 5, 1871.
lSA-The National Bank of Franklin,
Tennessee. Authorized capital, 100000.
Paid in capital. $50, COO. W. s. Campbell,
President; John /. Parkss, Cashier. AU-
-horizsd to commence business june z,
1871.
STOCKS BONDS rs NEW YORK.
NEW YORK, June "a, 2:25 p.m.-GOv-
srnmeuts are irregular. Sterling is very
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