Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-09-28
MiddlIng Cotton IL 1-2 TO IL Six
change II Discount to is Pre-
mium-GOld liz 1-2.
No Boat Arriyal-Small Produce Mar
ket-POtatOes again Declined
Oats Advanced.
Sixty Thousand Dollars in Exchange
AQniet NeighbOrhOOd-Spee-
ulatiOn Suspended.
Cotton URehanged-HeaTY United States
Receipts-450 Bales Sold
Texas Crops.
OFFICE OF THE DAILY APPEAL,
FRIDAY. September =, loI&.I


The appearance OF business on hadisor
street has undergone no change since Cobtoi
began TO sell, and the volume OF aNallaDl
means mas as vet shown no improvement
Exchange is no longer scarce NOSE VINO ar
receiving cotton bills furnishing lI 20 o.nel
hanks Ar par. We mentioned yesterday ina
the Union and Planters Bank took Sslt10i 70
slav the First National had nearly SQ,OeO anC
"A large amount Of outside dis on 81 Louis
Tbe 51onev stringency exhibits no new fea
Iure. except a tendency TO become lntenslheo
in proportion as the close OF the month grow
nearer. In stocks or bonds there was nothing
JoDp-the only talk we heard in that direction
was an inquiry as TO the price OF Memphis
and Ohio railroad stock.
Nemphi currency bonds, with past-dut
COUPONS, skies, 5Aa55; Memphis gold bonds
skies, %; Memphis past-due coupons 90
Memphis and Charleston railroad stock, 81
ditto lst mortgage bonds, IS; ditto ID mort
gage, 50; Memphis and Ohio railroad stock
70; ditto LIST mortgage bonds 3i, dltto
"a mortgage. 50; Mississippi and Ten
nessee railroad stock, l592O; ditto LIST mort
Eage bonds, So; ditto "a mortgage bonds, 200
II: Mississippi Central railroad stock, 10; dit
60 lst mortgage bonds, q; ditto % mortgage
bonds. =: Mississippi warrants, 7O9S2; Mis-
SiSSippi levee bonds, 40; Arkansas leNee bonds,
-: shelby county new warrants, es9sZi
ditto reissue warrants, S29Sb; ditto coupons
S3aS5- Rank OF Tennessee money; old, &9S
new, S8aS7: Tennessee Comptrollers war
rants, s7g90.
"a Citizen of Woodruff county, referring TO
the following paragraph, which he states aP-
reared in the AudIGncHe OF the 7th:
"a contract for the building OF that portion
of the White River Valley Railroad extending
from Augusta to Jacksonport,and tntersectlng
Tie Cairo and Fulton railroad, has been closed
with that wel-known contractor, David Gore,
and work is 10 be commenced al once with a
lew 10 completion by May, 1913. The length
of the work Is th1rty-two miles II VIII give
n \, emphis communication with q rich dis
Trict Of Arkansas via the Memphis and Little
Rock railroad and White river, and serve to
check The Cairo and Fulton railroad, as far as
other markets are concerned. Woodruff and
. jackson counties, as well as Augusta have
subscribed literally TO the enterprise, ana the
bonds are now inthe hands OF responsible par
lies in Ibis city for negotiation"
"a Citizen" says that Woodruff county d4d
subscribe $4,000 TO the above road, and the
people there are glad OF any Intelligence of
the success OF their EFFORTS, Dut they are sur
DriSed at the announcement that the county
bonds were IN the hands Of responsible parties IN
A'emDhis. The county records do not show
that the bonds have been issued or any order
10 mat enect.E II responsible parties IN Mem
minis gr elsewher hold such pretended bonds
4bev are the victims Of fraud. Capitalists are
warned that there is a second Board OF d.
rectors extant, claiming 70 be the legal one,
that will contest the actions OF those WhohoN
claim 10 be The lawful directory.
nc Nashville Banner, OF THURSDAY, quotes
old and new Tennessee bonds at sSi Tennessee
past-due coupons 81; tennessee ,Past-q9e
bonds 81. Controllers warrants 81 Memphis
and Charleston railroad stock S,
II st. Louis Times nnds SONS improvement
@Baukers report no increase in demand, but
rather an accumulation Of surplus, which,
however. they are not III nacet 70 uAoouEoc-
Renewals are almost as frequent as payments
OF notes, and bank incomes are too hgnt Tor
any material extension OF facilities. Hence
we continue 10 quote a strong market, even
under the limited city inquiry. The situation
seems TO incline rather 70 greater ease than
str~ingency.
made an arrangement by which postmastens
Viii he REQUIRED 20 frank letters containing
remittances Of muLilated fractional currency
10 Washington for redemption. II II should
ne found thai these letters 90 through and are
answers promptly, il viii be a great conyen-
ience TO the retail merchants VINO, from time
10 time, small sums OF hltny, mu-
lilated fractional currency, Whlcnr IOr want
Of some convenient arrangement Tor having
II replaced with new notes, frequently be-
comes a dead loss.
Nc shreveport Times has the following "a
Texas exchange says that Governor Daylss
special agents for the sale OF bonds IN New
York. Mcmahon and Tom Ochiltree, were In
FurOpe at last accounts living like princes.
The same paper states that they lett New
York some months since with a retinue OF dis
reDurable females and other attendants, and
have since then spent their time in the same
pompauv. Every one knows that Tom Ochn-
Tree Jeff Texas a short while before without q
cent. and the ability TO spend such large sums
a are at his command was acquired soon after
he became engaged In the Texas bond trans
actions. Several hundred thousand OF these
bonds were disposed OF in some manner, and
there is no accounting for them a. any OF the
offices here. Everything is locked in mystery,
and the impression prevails that the hlgh
mode o. living Of the above European tour
ists is to be accounted Tor in no other way than
that the proceeds Of these bonds have been
turned over for personal gratihcatlon." Our
Thomas is not one OF the doubling sort
there is such a good thing in sight.