Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-10-02
FINANCE AND TRADE.
Kidding Cotton IL 81 TO Is-Ex.
change IL Discount TO Is Pre-
mium-GOld liz IL TO lie "a.
Free Arrivals-Oats and Bran Lower
Apples and Onions Declined.
Cotton Advanfsd-The Actual Steck-
Nine Hundred Bales Sold.
OFFICE OF THE DAILY APPEAL,
TUESDAY. October /, lSZ2
EwEMEDu

FINANCIAL
The first OF me month, with its maturing
paper and due obligations, left the financial
circles nothing 70 think o. to-day but the re-
S~ponElhulttes the turn OF the month brings
with IL Asmalp urgatory is on hand, FOR the
LIMITED mount or c~urrepcy 70 which there is
access makes s-ettlemeuttbis month Deruli-
arly difficult process In exchange there are
no new features; some banks find their wants
beyond what they have coming In. but Others
have an excess. one bank received Slnua0 YES
quay anu @1+Ao to-day, principally cotton
hllS hetween banks il passes at par, buying
discount, selling Is premium. The brokers
were taking gold at l2haEl21S- A small lot
ol tennessee controllers warrants acJd at BOB
20 dealer. OI other securities we could hear
no word money wss wanted other ways, and
mere rs no paper attracting more attention
man sQcn as Is met with IN the regular opera
lions OF trade.
Memphis currency bonds, with past-due
coupons, skies 5iS5oi Memphis gold bonds,
SKIES, %; Memphis pastuue coupons, 68:
Memphis and Charleston railroad stock, N.
dllto lSt mortgage bonds, 81; ditto Cd mort
Eagel 81; Memphis and Ohi0 railroad stock.
~ Clllo Isl morigage bonds IS; ditto
q mortgage, 50; Mississippi and Ten
messed railroad stock, Ba20 ditto LIST mort
gage bonds. 81. ditto "A MORTGAGE bonds IN
. Mississippi Central railroad stock. Is; dii-
lo 'St MORTGAGE bonds, =; dirto ID mortgage
bonds = M-sStsStppi warrants, 70GS2; Mis-
peAu1 80 Arkansas teNee bonds,
ditto reissue warrants. EaS6: ditD coupons
e4ni h3nk Of Tennessee money old, &1as
lev tennessee Comptrollers war
The New Orleans Pfs1yuus says OF The mon
etary condition there: The partial improve
m6uttn money mentioned in the Rcaylnie's
financial report OF yesterday, was IN a meas
Nre due 70 an Increase OF the currency reserves
81 the banks and their ability 70 extend their
4lNtpuut lines >ilA more Tor the accommoda-
Ton OF customers The regular weekly state
mienJ pt the llearlng-House Association to-
uaN showed an increase in currency held by
the banks Of about S400.O00. besides more Hber-
al deposits. ThlsimproyemenL. though aris-
llg rom several causes, rs due mainly % the
+oer2 cotton sales o. the past week OK ten
The st. Louis TEnss. Eth. reports: The ten /
utncN ior several days past has been 70 an ac-
e4n1laupn ~ funds, but there seems 20 be
lliie disposition among hankers 70 weaken
themselves, even temporarily. and they are I
avoiding expansion As much a. possible. The /
u1ling AID merchandise interests are reQui-
-iuE The most notable loans. but the inquiry I
If very pr9miSculu< Receipts from the cOun-
Fy hruuEn regular trade channels are in
-L- -pon country ana CITY
balance are sufficient 60 create a drawback .
r. increase or deposits Ihe ~nlarket may. I
alN ever De s3l led easier Than u was a week d
ag2, and there is E-tner promise OF ease here
The Cincinnati Price CurTeas, eSth. states,
Business IN 1Ur local money market has
been active al the week The country banks {
HaFe drawn very heavily on their balances I
f.ere until they have not much left, but the 1
=dGclou IN country bank deposits has been
made good hy an Increase in individual de-
TosltS, SO that The means Of the banks have Z
Hreu pretty well kept up The demand for ]
discounts has been unusually large, causing a
-sneral boarding tendency in rates. The /
banks are taking little paper Of other than de- /
p0~IrorS- and some OF them are not able 10 full
~ supply the want Of their regular custom
/
The Louisville Journal 10Th, says: The sup
Hty Of currency has been reduced unromf orfa- ]
lily low. At the close. however. some reIaxa- /
ION OF the -slrluE-lcy thus prOduCeu began % I
Ie manifest ana several banks were NJ Dos I
-es-i0n Of larEe unemployed balances. Al no 4
time have the banks failed 70 meet the de-
rlands OF their own dealers. but there is little I
disposition % discount for outsiders al pres
n, but there il a fairly ample accOmmoda-
Ion on the street for this class OF borrowers al I
u. Is nor HarH d