Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-12-09
MOaETARY ANDFISANCIALMATTER

NEW YORK, December mon
Ely was active and closed early in the
day at 7 per diem. In the afternoon the
rate of interest declined from per
diem to Z per cent. gold, per annum.
The Assistant Treasurer paid out to-day
$50, 600 interest, and S31, 900 for the re-
demptiOn of $50 bonds. kilograms
from Washington this evening state that
the Assistant Secretary of the Treasury
says that Secretary Boutwell, will pro-
coed TO negotiate the remainder of the 5
per cents, in a short time, on the same
basis as heretofore. The Chatham
Bank has given notice to associate
banks, that it will not longer re-
deem the checks of the Mutual
Bank through the Clearing House.
Gold sold at 1I31, 1l2EG1l34, and closed
at 11Sa0113A. Loans were from { to fiat,
then to per cent. for use. Daily clear
ings were S91, 200, 600. Specie shipments
for the week were S699, 632. The bank
statement is unfavOrable, and shows a
nett loss of 81, 2S1 SIS in the legal re-
serve. The banks now hold only 81, 1885,
AS above 25per cent. required. Govern
meHtS were steady, but on the second
were off per cent, and closed quiet
at the following quotations. .. s. cOu-
pOns Of 1881, 1173; 5 Dos Of 1852, 1134; )
Dos Of 1854, I132; 5 20s of 1865, 113s; 5 20s
of 1855, new, I16; 5 20s of 1867, III; 5
20s of 1865, 1l65; new, 1875;
1040s, I09k; currency IS, 1l2s; new
IS, 100. State Bonds were dull and
steady. Quotations are as follows: Mis-
souri,, 50; Tennessee, old, 774; Tennes-
see, new, III; Virginia, new, 50; Vir-
ginia, old, As; North Carolina, old 34};
North Carolina, new, D. Stocks
opened steady, the leading feature was a
sharp decline in Pacific Mail from 81 to
793, which had a slight influence on the
remainder Of the list, but the decline
was soon recovered. Pacific reached
S1E, Rock Island rising simultaneously
from ll2} to Il3b, Erie from 50 to 534,
Cincinnati, Columbus and Indianapolis
Central from $40 to IS, st. Paul Com
mon, from SO to $50 and Western
Union from 763 to 7T}. The advance in
the balance of the list was only 4@A per
cent, and at one O'Clock the market
weakened to the extent of iG2, but i'm
proved at the closed, when in many
cases the best figures of the day was cur
rent. The quotations are given as fol-
lows: Canton, Western Union
Telegraph Company, u; Quick
sllNeF tos AuaIh bApEb5 COIu-
pany, 50; Wells & Fargo's Express
Company, IS; American Merchants
Union Express Company, 703;
United States Express Company, SOS;
Pacific Mail, 79A; New York Central,
esq; Erie, 52g; Erie, preferred, 70; Har-
lem, III; Harlem, preferred, l26; Mich
igan Central, lie; Pittsburg, Fort
Wayne and Chicago, S7a; Northwest
ern, 81; Northwestern, preferred, co.
Rock Island, 49,; New Jersey Central,
1929; St. Paul, 5S4; st, Paul, preferred,
75s; Wabash, 69i; Wabash, preferred,
So Fort Wayne, 923; Terre Haute, III
Terre Haute, preferred, IS; Chicago and
Alton, 1ll3; Chicago and Alton, pre-
ferred, ia; Ohio and Mississippi, 464;
Cleveland, Columbus and Cincinnati,
80; Burlington and Quincy, 1SS; Union
Pacific, S7l; Central Pacific bonds, 10l;
Union Pacific bonds, SO; Delaware and
Lackawana, "a; Hartford and Erie, rs.
LONDON, December :, p.m.-Con-
soils, money, are 9l4; account, 81
@9la. United States coupons 5-20s, 1865,
9l3; SOS, 1857, 945; 10-40s, 9S4; New
fives, 50; Erie, 424.