Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-09-27
FINANCE n TRADE,
4iddling Gotten IL 1.2 to II 3-4-Ex.
change IL Discount 10 Is Pre-.
mium-GOld liz IA.
Cotton Quiet-NO Change in RatelTen.
nessee Cotton Cr@1s,
feeu bull-r OtatOes LOwer-NO Boat
Arrival.
SS4,OO0 Cotton Drafts-Increase Of Ex-
ehange-The State Debt.
OFFICE OF TIE DAILY APPEAL,
TUESDAY, September 70, lS72.
FINANCIAL.

No movement out of the routine was per.
ceptible ON Madison street. one house ap.
pears 10 be absorbing the cotton bills; else
where IS no animation. Exchange was i'm
plenty there, four banks being supplied with
II Al par TO the amount OF nearly sj0,0Q. Cot
ton bills were offering there freely and were
taken 10 the amount of sdS,O00, with a small
uruount from other sources. For money there
was more demand than for a week past II is
only where there are special claims that aid
IS obtained. Gold was taken by the brokers
at l2ix. A small lot Of AlcOrn Mississippi
money was sold at VI, quotes in Jackson -.
\ Lotto Of Mississippi warrants were placed on
Ehe market, but the asking being above the
market rate they met with no buyer.
We learn that the Union and Planters
Bank, alluded 10 above up TO close to-day,
look no less than $1,000 i'm exchange, Of which
SSinOO was in cotton drafts, 4 Few days OF
SDirlted transactions OF the Dpith and mo-
mrut' Of these of the Union and Planters
VIII relieve us OF difficulties and Danish
Memphis currency bonds, with past-due
coupons, skies. 5fe55; Memphis gold bonds.
skies, 60; Memphis past-due coupons, Co;
Memphis and Charleston railroad stock, ~;
ditto LIST mortgage bonds, ~: ditto "a mort
gage, -; Memphis and Ohio railroad stock,
=; ditto lt mortgage bonds, IS; ditto
1Hs~ee railroad stock, ljd2J: ditto lSt mort
EI-e bonds, 50; ditto u mortgage bonds, 70a
=. Mississippi Central railroad stock, IS: dit
1p-lSt mortgage bonds, &. ditto ID MORTGAGE
bonds, -, Mississippi warrants, .aTS2- Mis-
S-s7tppt leyee bonds, 40; Arkansasle vee bonds,
shelby county new warrants, SSaq2:
diuo reissue warrants, SlGS5; ditto coup0ns
Sass; Bank OF Tennessee money: ola. g5agi:
new 393a; Tennessee gomptroners war
rants, S79S0.
lettering 10 the reeent report on the state
"rnL OF tennessee. the Nashville journal Of
atntercc says: 1--WE nave heretofore ear
lily lrgeo. dhRt the accrued interest on the
e IONS should be funded, and thai the
she edit and state industries were suffer
- rom the non-payment OF interest. We
Hyne this matter will be disposed OF in our
next Legislature. In the meantime ii should
D. thoroughly agitated and the best plan de-
Ri~ed."
The New York BULLETIN, sd, reports: "The
week, which has been 80 eventful in Wall
street, closed with quiet markets, there having
pecn on abandonment whether temporary or
not. OF the corner in money, the corner in
-pld and the corner in Erie. Otherwise the
only feature important to merchants was the
foreign market, which, singular for Saturday,
= always a dull day in exchange, the
iradlng drawers depressed TO l07& for iXty-
day bills, and which were Obtainable as low
as lGZ. II is generally believed that the lead
ing drawers broke the market for the purpose
81 buying at low figures, and that when they
nave taken their line rates Will be advanced.
Inc bank statement for the week, owing TO
he locking up operations and TO the cOnvul-
SONS IN the market, is deserving Of little at
tcntiOn.'