Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-10-28
FINANCE AND TRADE.
Kidding Cotton is "a to 19o-Ex-
change S-S and 1-2 Discount to Par
-GOld liz Ia.
Quiet Produce and Feed Markets-The
First Bulk Pork ArriEed-PrO-
visions and Lard Down.
Irregular-LOeai Securities
StRgnaR3s
Cotton Market DuT-600 Bales Sold
No Advance in Rates.
OFFICE OF TIE DAILY ATRIAL,
-. $500 o ~

OGtouet - AhaAi
Their is more life and business on Madi-
Son street than since the present month
came in, and checking and dePoslting
are proceeding with considerable activity.
Applications for bank accommodation
they are less numerous than three weeks
ago, but scarcely more successful for all
the money the banks can furnish and
an the currencv they can import from the
East are wanted tOmoYe cotton Is
entirely Irregular and subject % The influence
chanEs Is taken by most Of the banks at 4
discount; "outside points such as Proyt-
dcnce, Fan River, etc alseounti oneortWo
banks make New York as before the recent
Change but reserve to themselves to charge
= whenever circumstances shall show the
propriety Of doing 80. Oh New Orleans the
the selling rate j. par. Brokers were paying
lI2aIl2L for gold. An inquiry was made for
learn that the wanted securities were sup
piled. In all other ecuntte nothing was
asked for or offered, as far as we could learn.
Regular operators vi oner nothing on the
market until a more plenufui supply Of
money supplies the means OF Speculation.
Memphis currency bonds With Pest-due
skies, o.; Memphis psst-due coupons, 65966,
Memphis and Charleston railroad stock. 40
So ditto lst mortgage bonds, = DC. ID mort
gage. -; Memphis and Ohio railroad stock
BE-; ditto LIST mortgage bonds So; dittO
"a mortgage, 50; Mississippi and Ten
Dessee rsfiroad stock, l5a21; ditto LIST mort
Il: MississipFTCe ntrsl railroad stock, Is; dit
TO lst mortgage bonds, 8; ditto % mortgage
sissippf ievee bonds, 20: Arkansas eTee bonds,
~ shelby county new WarrantsY &4s@;
drt0 reissue warrants, 6GS; ditto coupons,
S}sSi Bank Of Tennessee money Old VAL
rants, Sa0.
me Gs0Hoaia, of Frankfort, Germany, has
the foll0win quotations, october 5: Iennes-
see state bonds, old, Men; new, III Mem
phis new 8 per cents s..
The ST Louis Tines SAYS: "Ihere is q dlspo-
SItiou among the banks TO avoid any new
complications, and TO increase their reserve
In anticipation Of a very active demand
during the latter months OF The year Hls the
intention Of our packers 10 largely increase
the hog slaughter Of last year and as the
grain movement has as vel been out Slgnt-
we may confidently expect more m9yeIneas
3B his respect, and that with both hog and
grain purchasers demands me season VIII De
The most active for a number OF years Inc
large quantities Of grain hour bagglngt etc.
beid IN warehouse. as well as the very con-
siderable shipments of these, iron and manu-
featured articles are engaging al me means
OF bankers, even for customers, while out
Siders are compelled 10 look for secommOda-
tons 10 the street al exOrbitant rates."
The New York Bulletin translates the follow
ing from the Berlin correspondence OF the
Hqm5lrgh BorseIihaAe- dated October ], lS72:
HBearth Of money Is the name OF the drama
now being enacted on al the European
bourses, keeping them in a constant ferment
and distress The very greatest sacrifices had
been made 10 uphold prices for the settlement
NNAN an NAF CLOS lL ne AlAANAH AAN NnE-E EAOAAs
have been in vain. Comparatively few there
are who can STAN the strain on their re-
sources. and the consequence is a general
scramble TO get out Of engagements. Bust
ness, a. is generally the case, at 50 very pre-
Cariuus a juncture, has been quite limited.
The declinet to-day has been IL points on Aus
TRAN credit, = on Lomhnrds, and Is on
French reutes. All the Austrian railroads are
lower. German railroads are yielding. There
Is no demand for banks and industrial under
aklng Dortmund Union being the Only ex-
cepu0n. All foreign rentes are lower; the
only foreign stocks in demand are Russian
real estate credit and the sterling loan"
Hamburg leading journal has the follow
remarks upon the speculative mania now
raging on the German bourses: AN attempt
Is now being made TO deter the National Bank
Of Prussia from further increasing the dis
count rate by ~conjuring up the spectre Of a
commercial crisis as inevitable, should the
opposite course, relaxation, not be adopted.
We are aware that the stock gamblers are
but too ready to identity their Interests with
those Of legitimate trade. How the GOrdian
knot is 20 be united We are at alOss 70 discern,
Tor while there is but one voice among all
Glasses cOndemning the new company mania,
We daily hear Of new creations being set adoat,
Of course OF 8 less pretending nature, but still
HdOrdIug a sign that there are credulOus peO-
pie let ready to Subscribe % new schemes Of
almost any kind. There is the same thunder
cloud still lurking in the skies, and the mo-
meut monetary ease returns the speculative
fever viii reY1Ve.n [