Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-12-22
FINANCE AND TRADE.
Kidding Cotton IS 1-2 TO IS Sick
chqnge 1-2 Discount 20 Par-GOld
III IA.
The Hauling Obstaele-Prices on Flat
Boats AID Prices On Band-POultry
and Same Active.
Exchange in Moderate Offerlng-Char-
lesion Railroad Stock Declined
City Fire Insurance St0ek at 90.
A0ujet Cotton Day-NO Change In Rates
Sales SEQ Bales.

SATURDAY. December =, lol2.J
FINANCIAL.
Exchange exhibited no new feature
to-day, and was in hut moderate offer
ing. New Orleans has still the irTegu-
lsrities we explained yesterday but, as q
rule, the following are correct quota
tons: New York and eastern cities !
discount; on bills at sight, entitled TO
the usual three days grace, {. The latter
order Of bills is reduced 70 trifing COM
pass by a decision in Massachusetts,
which declares bills at sight payable on
presentation. New Orleans, on the
average, is bought at / discount andsOld
at the prevalent selling rate from and 70
all points. The near approach of the
holidays has caused an increased de-
mRnd for money which meets with only
a discOuraging response from the banks.
Brokers paid SIllf for gold and sold at
Sl11s. Charleston railroad stock cOntin-
ues 10 droOp, lot Of 200 shares are on
the market at 26, out we hear of a small
order being filled at >, which is as high
as the market goes at present and We
quote accordingly. We also note the
sale Of $1,000 Memphis City Life Insur-
suce stock az 20.
Memphis currency bonds, with past
due coupons, skies, 53G54; Memphis
gold bonds, skies, so; Memphis past
dUe-coupOns, IS; Memphis and Charles
ton railroad stock, %; ditto 1st mort
gage bonds, IS; ditto ID mortgage, IS;
Memphis az Z Ohio railroad stock, 10;
ditto lst mortgage bonds, s.; ditto %
mortgage, 50; Mississippi and Tennes-
see railroad stock, Is; ditto LIST
mortgage bonds, So; ditto 2d mort
gage bonds, 70,G7l; Mississippi Central
railroad stock, Is: ditto LIST mortgage
bonds, 81; ditto ID mortgage bonds, 81;
Mississippi warrants, 1902; Mississippi
levee bonds, 80; Arkansas levee bonds.
10: ShelOy county new warrants, SSG92;
ditto reissue warrants, S2,G S.; ditto
coupons, S36S5; Bank of Tennessee
money, old, 94f0S6; new, 33a37; Ten
ue-see ComDtrolleT's warrants, 92G95.
The New York Stakeholder has the
folio wing encouraging view Of the
monetary situation:
In connection with the easier rates
f0r money III Wall street, noticed near
the close Of last week, it was mentioned
that lower rates for stock eX-
change securities lessened the demand,
while the city banks were receiving
more currency from the interior. Such
receipts IN q great measure Offset the re-
snittance Of money 70 the South for cot
Ton purchases, aud the demand from the
p8rE-packing trade, now at the hight Of
It's activity. Setting aside the season.
able expectation Of a fairly sharp money
market until the early part Of January,
there are otherwise unwOnted indica-
lions Of ease there, both here and in Eu-
rome. The disbursements Of the Ger
man government, being next January,
it is hoped will release a sufficient
amount of money 10 stimulate, in all
probability, an active SPECULATION in Sc
curities in Europe during the early
months of the new year. From the
same source, a supply Of money is look
- for from conditional engagements 10
raj way building AMI other progressive
enterprises in this country. The reduc-
ton of the Bank Of England's discount
rate from 10 5 per cent, following upon
the reduction lately from per cent,
must presently affect our general money
market, notwithstanding Wall street
rates are 50 much controlled by cOmbi-
Ustions for the day.