Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-12-23
FINANCE AND TRADE.
MiddIing Cotton 70 1-2 70 IS Sick
change I-2 DiseeRnt 20 Par-GOld
III IA.
The Hauling Obstacle-Priees on Fiat
Boats and Prices on LaRd-POultry
and Game Active.
Exchange IN Moderate Offering Char
lesion Railroad Stock Declined
City Fire Insurance Steek ST 90.
A Quiet Cotton Dsy-So Change In Rates
Sales SEQ Bales.
OFFICE OF rHE Day ArrEAL,
FINANCIAL


Exchange exhibited no new feature
to-day. and was in hut moderate offer
ing New Orleans has sil the irTegu-
lsrities we explained yesterday but, as q
rule, the following are correct quota
tions: New York aud eastern cities
discount; on bills at sight, entitled to
the usual three days grace The latter
order Of bills is reduced 10 trihing COM
pass by decision In Massachusetts,
which declares bills at sight payable on
presentation. New Orleans, on the
average. il bought az 2 discount and sold
at the prevalent selling rate from and "a
All points. The near APPROACH of the
holidays has caused an increased de-
mand for money which meets with only
@ Encouraging response from the banks.
Brokers paid Sll1t for gold and sold at
SIll4. Charleston railroad stock contin-
ues to droop, g lot of POO shares are on
the market at Is, but We hear of a small
order being filed at >, which is as high
IS the market goes at present and we
quote accordingly. We also note the
sale Of 5000 Memphis City Life Insur-
ance stock at 20.
Memphis currency bonds, with past
due coupons, skies, 53G 81; Memphis
H-tiLA ARNLAa-F EAANar ANF -tAELAa AlAA4o pas
due-coupOns, IS; Memphis and Charles
ton railroad stock, >; ditto list mort
rage bonds. IS: ditto ID mortgage, IS;
Memphis ar Ohio railroad stock, 10;
ditto Ist mortgage bonds, IS: ditto ID
Mortgage, so; Mississippi and Tennes-
see railroad stock, IS; ditto LIST
mortgage bonds, So; ditto % mort
gage bonds, 7OG7l; Mississippi Central
railroad stock, Is; ditto Ist mortgage
bonds. s.; ditto I'd mortgage bonds, s.;
Mississippi warrants, 70,G 50; Mississippi
levee bonds, 40; Arkansas levee bonds,
10: Shelby county new warrants, SSlG92 F;
ditto reissue warrants, S20S6; ditto
coupons, S3iG55; Bank of Tennessee
money, old, 94G96: new, 33(G37; Ten
pa-see Comptroller's warrants, 92G95.
The New York S0ckhOldeF has the
following encouraging view of the
mnnst8ry situation:
In connection with the easier rates
for money in Wall street, noticed near
the close Of last week, il 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 10 q great measure offset the re-
ul;rtauce Of money 70 the South for cot
Ton purchases, aud the demand from the
p0rk-packing trade, now at the hight Of
IT. activity. Setting aside the season.
able expectation Of fairly sharp money
market until the early part Of January,
there are otherwise UnWOnted indica-
tons Of ease there, both here and in Eu-
r0De. The disbursements of the Ger
ulsn government, being next January,
il is hoped will release q sufficient
amount Of money 10 stimulate, in all
bro liability, an active speculation in Sc
curitSes in Europe during the early
months Of the new year. From the
same source. q supply Of money is look
ed for frVm conditional engagements to
railway building ami other progressive
enterprises i'm this country. The redHc-
ton Of the Bank Of England's discount
rate from 6 t. 5 per cent, following upon
the reduction lately from per cent,
must presently affect our general money
market, hwithstanding Wall street
rates are so much controlled by cOmbi-
nEtious for the day"