Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-11-17
F,sANCE mi TRADE.
OTTIcE OF TIKI DAILY APPEAl., I
THURSDAY. November Is. 1871. ]



Beyond an active counter business, there
was nothing transpired worthy Of special
i mention. Business In the several branches OF
trade was more than usually active today.
| circles were especially animated. Aouey con-
Times in abundance, while the dem nd Is ac-
/ tive. The movement Of the staple has been
steady. Sales to-day were larger than y.ster-
day. Rates are unchanged, and accommoda-
tons extended on nrst-class paper, In bank at
/ l09i2 per cent, and IN open market, IL to ~
| per cent per month.
Exchange was making freely. Rates re-
main at = 20 on New York and other asst
ern points GA New Orleans, %to = discount
/ are the rates.
The gol market was more active. $1,000 was
bought at NY; and SO0O akl05s-
The local stock and security market is quiet,
and WITH the exception Of county warrants,
which are selling at &c, and Memphis and
Charleston ~raiiroan stock, nothing OF special
interest occurred. In he latter stock, O0shares
were put upon the market at S5c, but was not,
up 20 the closing OF banks, taken. We quote;
quoted al sc; hrst mortgage bonds,
81 70 Sci I'd do; q to Soc. Bank OF
Iennessee; s. to sc; lily bonds, cur cur
ing; gold issue, 6E to 6hc. City scrip, 70 TO
soc buying, and SIC SELF 9. Arkansas
IS 10 Soc Memphis and Little Rock rail-
road shares are nominal at 10 TO I2ci LIST mort
cages bonds, 76 to sc Arkansas state war
shA-es ct IS to l8c; for lst mortgage bonds,
dealers report 10 soc rs the buying and sell
ing rates. ID DO. a 10 fbC. MISSISSIPPI a0Q len
nessee railroad shares are - TO &c; do LIST mort
gage bonds s. TO SIC; do ID, zoe.
The New York Tribune says: 1.-THE demand
for money has been limited in consequence OF
the slack business in stocks, and has been
feely met at 5 to per cent on pledge Of good
collateral, but the more general rate was o, and
the growing ease is evidenced in the fact that
some time loans running through the year
were made at :. In prime discounts there is
more disposition to make purchases, and the
best names were salable at 9 per cent"
In Milwaukee the money market is moder-
ately active. Currency is in good supply and
prime paper passes readily IN bank az 10 per
and nominal at par 10 SOC premium per slOOO
between city banks. over the counter the
banks buy al uOA discount and II parto
IN Chicago the move uent OF currency to the
interior is about equal to the receipts, and
with liberal deposits nearly all the banks re-
port a steady increasein their cash means. As
usual, grain and provision men are the chief
applicants for fayors, but thelr wants are by
no means large. Eastern exchange is firm.
with sales among banks, chiefly at par buy |
ing, over the counter, at 81 per SlO0 discount,
and selling at par 70 &c per SlUUp emlum.
In Baltimore money is easy al s9lt per cent
in bank rales Of Marietta and Cincinnati
first mortgage seyens at s5HSS6, and seconds
10 Kew Orleans money is 1912 per cent.
and the banks draw on New York at q dis
time were more freely Uttered, and there was =
disposition TO handle prime mercan-
tile paper at reduced rates, While many good
names still change hands at the extrayagant
bgures recently current, we hear Of opera
tiors which indicate NOR G condolences on the
part Of capitalists. Call loans are also falling
back a fraction or two; and collaterals are not
SO c osely s~crutiniZed." /
The P%ittsburg Gazette says. "The local
money market exhibits but little change, the
for loans continues brisk, and beyond
the ability Of lenders 10 supply. The prospect
Of a coal-bOat rise has had q good effect, and
the future looks better We nope soon to be
10 report that the locat demand for
money has lessened enough to bring down
rates to about the usual figures"
Railroad shares in New YORK.
NEW ORR, November I6, Il am AT this
board there was some disposition to sell re-
nrfcaz