Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-05-08
FINANCE AND TRADE.
OFFICE or THE DAILY APPEAL,
MEMPHIS, May g, 1871,

FlAA NLlALa
Local EnancisI affairs were not chsrsc.
t.rzaf ry sny marked changes yes.
I.rI1g. and Che situation remains com
pFrsfively easy and unchanged. Several
OF tine bankers r5nort an Increase iu Che
applications for discount but an most
cases report ihose soaking acoCuIuoia-
a7Ds as alnonEth clsss knowu as chronic
borrowers, and report only a light u-
crosse lH Che aeW-Dd from regular de-
ursitors. To those the rates are from l1
90 l2 per cent. uu shortdate paper Others
when rEHF ar7 ace1mmudateo Day frou i
90 rs per CENT per ere omen
m1r kaa che yates are INSIDE 20 SUIT the
pleasure at thB lender, and srs based
strictly upon the necessity OF iuo
borrower. he De iu urgent need of
money. Hr i- odd taaa ilo very DIST aud
CrEsaa ---a bis psr-r can Pee discounted
r. Dor cent per MONTH sE0 u be fails
I'M HI- the Endorsement % suns the
r a- raar charge him smother le As a
r.n#H-. considering the eEtr8 10 SIS "a.
Insurance fund, 10 guGrant6e them
#esia-. tho probabilities ofa sudden death
rr ursf7ri0us disappearance OF their Gus
l.H.r,
stern exchange continues very drm
and IS scarce Ils daaaea. however, is
lsrIT a- active as on yesterday, several
BANKS. having rsc5lved sufficient m tbe
way Ell cotton niHsH0 iii their bills today.
Sight checks 0u Northern aud Eastern
e ms ara H1keu readily 80 par, and for a
RI and amount l-lO premium could be
realized without great dlfhcu.tT. New
Ur.ssus rIls arc -@EeD no ae discount,
al. sold at 0s-. New York HE-
change sells al hs premium; SIS also
does -Est 1D other Eastern and Northern
cities. About $4,000 i'm Southern, sud
$50 la3 in Eastern and Northern exchange
was -sEer to-day by 1ue or our esajnE
banks st The rates quoted. lugat luEest-
ms1is, and with the exception on "a slight
IGctUstiC1 in the shares OF % CIour rail-
rlsds. there is little ul interest," 20
mzr.fa-. The shares referred TO have
gone Ga and down recently under the iu-
Hr-rHa ut - bulls. and bears uu-II yes
la-.l-. when j. was a-sc5r.aiuel That sew
a-a. luEs' were ia The market rs Dur-
nHls=rs. bus 90 what purpose does not
seem Do Boz clearly understood One of
The many Iuor current Is That the
PsarsFfvsnis Central railroad is after
Che stocks and road, with the luJeu-
ll1g Ct making a through line 10
the Southern coast. We're this true, I
and the railroad mentioned 20
obtain g. sufficient amount OF stock 90
control the road ir would bs a God
send that bon city has long needed, as
t1Eu the Pennsylvania road would extend
It's line o. the OHIO rIV5r,an swallowing mp I
one OF rwu short lines, would give us a
route rl-.l and eas- that would prove q.
crest commercial benefit. and return 20
us aEz trade Of Jls country bordering on
che tennessee road, that 10 the adj
m5ulz-r8lIou Ct Ae0Omls Is carried %
other points. Another ruu0r named is
alss EsEcuhs has bis agent at work again
buying and s#iL another is 20 the effect
that a uumH=rC OF our leading business men
capital i~.s. IN view Of certain legal
PROCEEDINGS, have subscribed an
amount sufficient TO buy all the
-a.rE required TO gain control
OF the Rad. Az all events. there
was considerable figuring" and much
the contest between the parties purchss-
ing We learned CfasalH OF 5000 at 3-55 !
and another us go shares at SIS. Some
3D. .g ls held in the city ana unless a
change -U1Ulz there VIII Boz lively serzm
bic Tor 10 CA Monday. Bank lL LsnuFs-
see money IS bought az 73 and sold ID tax
narErz -. County warrants would
sold O. u. CITY ID are quiet % E1-
changed. Old issue are quoted 40 35g5--
buying and selling -as are DOB buying
and seuE. Ils gold Issue srs -UG
buying and ealing Past que coupons
are bought al 5- and 58. Memphis wEr-
a-s d7gd9, buying and selling
II .uL Fl-r=llz .r Acorn money
rs -leE. arc 10 demand, and there
7= rur B. -e=u-E supply. Buying rates are
l-- and selling rates IS.
cold was offered iu limited amounts
AID was bought at llu5a to Hos, and
as l-L. Arlu- &leaU was purchased
s- dealers during lLs day.. The opening
ans closing rate as New YORK was III s-
Tsu-ezzsg bonds were g shade Erusr ln
Sew York. closing at 674 for the Old. and
-lr -Ls new.
STOCKS AED BoEDs IN NEW YORK.
NEW YORK. 1lay o, I0:-5 a.m-Aarkst
--reEutfr. Sterling remains very steady