Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-01
FINANCE AND TRADE,
Kidding Cotton Is "a 10 19e-Ex.
change l-s Discount 20 Par
Gold Ill I.2 TO III 81.
Arrivals OF PrOduee-Prices Shsky-
COrnmeRl LoWer-P0tatOes Dr0Op-
iRg-Bacon Waverlng.
Alterations in Exchange-NO Specula-
ti0n-Debts and Assets.
Cotton DrOOping-Sales 1900 Bales
Faneiful GradiRgs.
OFFICE OF THE DAILY APPEAL,
ImrnsnAX Nctnhar 81 IE-l L
n

Extreme cuietude was the feature OF MRdl-
son street yesterday. Currency is plenty with
the banks, but there Is q want Of IL among
business men who, IN many instances, md
the inst Of the month a hard time 20 face. Ex-
change was Offering in freely
taken rates remain Al discount on New
York, y on Boston, Providence and other out
sd points, and on New Orleans The New
York exchange showing q tendency 70 agEre-
gate AZ a few points, Others have offered in
some instances 70 do business at x discount
on thai DIN Par Is the buying rate Tor all
points. Brokers paid mA@lll5< for gold. IN
Ecrips and bonds there was The Quietude that
las now become chronic; some Mississippi
and Tennessee railroad bonds, second mort
gage, were offered at 70, and & shares Of
Charleston railroad stock could have been had
atso. but no temptation could tempt money
out OF the hanne OF trade: al that can be
lad is wanted there, and outside ventures are
not 70 be INDUCED in Just now.
A statement was published this morning re-
Epecting the assets OF the saving Bank OF
Memphis that seemsto be unsatisfactory 70 all
concerned IN some respects. The liabilities,
as we have already published, amount 70 S26.-
u3i the assets are uOminally worth the same
amount; they are valued by the a~ssignees as,
a. most, worth 50 per cent. Of their face. In
the statement alluded 20 several items that
appear al a par valuations Chattanooga
money for instances greatly deprecated be
low that rate. The good assets are
90 be worth from $1,000 20 Sl5,000. In that
Etatement, or as an ADDITION % It. MT.
Wieks appears as a debtor e the bank
20 the amount OF sS@nU. He Is so IN
appearance only, for we learn from the of
Gers OF the Savings Bank OF Memphis, thai
the Indebtedness Of Major Ntcks 70 the bank
Wa created by the bank furnishing money
20 aid in raising the bed OF Little Rock road
between the Mississippi river M the 81. Fran
els They preferred 70 have Il charged TO his
individual account on their books, knowing
his ability 10 make good the amount out OF
his private means
Memphis currency bonds with psst-due
coupons, SKIES IaA; Memphis gold bonds
skies, %; Memphis past-dUe coupons. 65d65,
Memphis and Charleston railroad stock, SO
81 ditto lt mortgage bonds, s.; do. ID mort
race, So Memphis and Ohio railroad stock,
ditto LIST mortgage bonds, %; ditto
I'd mortgage, 50; Mississippi and EN-
nessee railroad stock, l56M; ditto LIST mort
gage bonds, SiaS; do. ID mortgage bonds, 09
y; Mississippi Central railroad stock, Is; dill
% lst mortgage bonds, s ditto ID mortgage
bonds, 81; Mississippi warrants, WG&; Mis-
sssippilevee bonds, 40; Arkansas levee bonds,
l9, shelby county new warrants, eesG92;
ditto reissue warrants, SG&; ditto coupOns, /
Sos; Bank Of Tennessee money; old, a2G94;
new &l45; Tennessee ComptrOllere war
rants, 67ael.