Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-06-20
FINANCE AND TRADE.
FTyASCrAr.
OFFICE or THE DAILY APPEAL,
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FINANCIAL
oFFIcr or THE DAILY APPEAL,l
WEDNESDAY, June 10, lS2 !
It was too dull on Madison street to-
day to talk about. Exchange was In
rather more liberal supply, and passed
between bankers at s. per $1,000 at
which rate one institution parted with
$4,000. Money wanted, with enough
for the Understandable class Of borrow
ers: deposits becoming slenderer as the
weather grows warmer. Outside accom-
mediation more sought for. No activity
in stocks or bonds. Some city currency
offered, supposed at 533. Arkansas
Levee bonds considerably canvassed.
The expression uttered by the APPEAL,
that If they prove a prize and the july
interest is paid, the Little Rock manip-
ulat0rs are able TO show the Wall street
animals "a wrinkle" fully Endorsed.
The question is asked-did anybody ev-
er 90 to Little Rock to inquire what
these bonds were good for? IS a pre-
iiminary to buying a lot offered them IN
Memphis. Did they hear such depreei-
ating news there about them that they
gave up the thoughts Of buying such
f,unconstitutional, worthless trash?'
Did such an Arkansas Traveller ever
find, on his return to his city, that the
very bonds he had been to inquire
about and was induced by unfavorable
tidings 10 give up, had been telegraphed
AA 4AAA AA-AAA 1AA1A1 III E8A ~ "
Memphis, by the very parties from
whom he had learned how worthless
they were? We do not know yet that
this little manouvre was occasionally
executed, we only ask-was it2 We
find persons, who nav long been in
credHlous about these bonds, now be-
heving Shat the July. interest on them
viii be promptly paid. 1t is whispered
that, if needed, some of the heavy hold
ers Of the leNee bonds stand ready toad
the State-should aid be necessary-tO
pay the July interest. On the whole,
we believe we are sefe IN saying that no
better lottery ticket Is now offering than
an Arkansas Levee bOnd-they are of
the regular 'win or bust" description.
Mississippi Levee bonds are increasing
in favor, we omitted to mention, yester-
day, a sale OF a small lot OF them at ID,
an advance OF ) cents. God was very
quiet at ll3l paying. Actual transae-
tons in county warrants are few, 1t Is as
easy 70 pay the currency. Little Is said
OF lone about city bonds Of any descrip-
ton. fssfand rom UNDER is the word
just now. It is understood that the city
scribes and chief men have little consol-
atorystO say of,the prospect.
Arkansas Levee bonds, 25G26.
County scrip, 9SGSof. Barbour Lewis,
certified, 90192. Gayoso Gas Company
stock, nominaly 80. Memphis and
Tennessee railroad Ist mortgage 4; q
mortgage, III. Mississippi leyee bonds,
sos. Memphis city railroad, 463
Bank Of Tennessee money, $685. for
old issue; new issue, S5@37. Ten
nessee ComptrOIler's warrants, SO. Lit
tie Rock railroad frst mortgage bonds,
80. Memphis city gold bonds, ex-
coupon, go; currency bonds, 5Si@4
Memphis past due coupons, So. FOrnew
Mississippi levee S per cent. bonds 40
offered. Mississippi new, 1872, warrants
"a Mississippi Central railroad stock, :
l24. Second mortgage Memphis and ]
Ohio bonds offered at So e
The following quotations are from the {
New York Chronicle of June 18th: :
Memphis old bonds, SIS, So; ditto new $
bonds, IS, 81; ditto, Endorsement Mem {
phis and Charleston railroad 1st mort c
gage bonds, rs IS; ditto I'd mortgage '
IS, IS; Memphis and Charleston rail- I
road stock, 80; Memphis and Ohio rail- 8
road los, IS; Memphis and Little Rock /
railroad, IS; Mississippi Central LIST '
mortgage, SIS, SIC; ditto ID mortgage :
SIS, 20; Mississippi and Tennessee rail- 9
road, Ist mortgage rs, 81; ditto consOl- 1
idated, SIS, 50: Tennessee State cOu- e
pOns, soc; Memphis city coupons u.s. J
Arkansas Levee bonds, rs, %. :