Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-04-08
FINANCE AND TRADE.
OFFICE OF THE DAILY APPEAL, /
SATURDAY. April d. 1872. (


SATURDAY, April 8, 1872.
Exchange Is in ample supply az previous
rates, par buying y premium selling. Mones
is easy, FOR there Is more on hand than is ap
piled foI. Cold stin quotes ll9h buying, and
lls selling, with no home demand. This com
prises all that could be learned on Madison
street, where a decorous and nedltauN
etude reigned, undisturbed by any breatnfa
anticipation OF advances or declines, any rus
10 GET into a good thing, or any hedging toge'
out of a bad one. Not q transaction Of inter
est in stocks OF bonds could the reporter gel
hold OF, although he frantically threatened 70
have one Of the last improved COTTON pfesSes
Drought into action 70 tele1 sonetlln4 oetoi
some unhappy cashier, banker, or curDEtone
operator. In vain he baWled Tor tsOnelnlnB' ;,
in~placable echo beloved back "nothinB.
CITY securities are lifeless-Wll the July IN
terest he maids is the question. City currency
bonds could probably be sold for o249oS II
ANYTHING was doing, but it is thought they
viii 20 down TO Soc. some speculative minds
think there is a chance for speculation in city
securities. or soon will be, for a crisis is tmmi-
nenL. and when il is past they VIII appreciate.
The telegraph informs US that IN Arkansas
the three commissioners of public works
have been arrested on the charge OF
embezzling leYee bonds, and some
of our duancialisfs are OF opinion
that the estimation OF their cases VIII de-
velOp the true standing Of these bonds In q
manner that win give them a settled position
In public in~vestigaton-a position they have
not occupied hitherto. Should that investi-
cation result favoraby-assom parties vefsed
In arkansas affairs declare il wiu-these secu-
rites VIII 20 up largely AfkAnSah Is mol
alone in pursuing the suspected with sharp
measures, New York is following up her mea-
sures OF Justice with an onslaught on Erie.
The following particulars We copy from
the New York Tribune Of Friday, which
states that General Barlow has instituted in
the supreme court, at Albany, a suit against
jay Gould and Frederick A. a to compel
them 10 account for their management OF the
Erie railway, and restore the money which
they ave cOrruptly received. The summons
IN ibis suit has been served on Gould and
Lane, and General John A. Dix and Field d
sherman for Lane and Gould, returned a
notice yesterday Of the acceptance Of the
service. General Dix as president Of the road,
Is Included in the suit as a mere formallty,
and IL Is probably understood that the road
viii, in reality finally prosecute the cease. The
fact that the Erie road is / included in the suit
s. co-defendant, with Gould and Lane, also
ieads 10 the belief that Archer, Eldridge, Sys-
son and all the members Of the old ring are
affected by this. III recovery is had nom the
road by 8 successful suit, ali the members OF
the old board will have TO pay the losses
which resulted ~ he company by their neg
Uaeuce in not restraining GOuld, FISK and
Lane. or by their completely in any opera
tons which may be proved 10 be corrupt The
answer viii nave 10 be nled before the sith
instant.