Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-25
FINANCE AND TRADE.
Middling Cotton 19c.- Exchange 1-2
Discount to Par-GOld liz 1.2
TO lis.
Corn and Hay Depressed-Bran In .
COrner-oernmeal Better-Bnlk
Meat Declining.
Exchange in Moderate 0fering-The
Policy OF CireumspectiOn-The Mys-
terious Charleston StOek-Gold
on the Jump.
Cotton Quiet-7OO Bales SOld-Rates
Unchanged-COttOn and Horse influ-
enza-NO Delivery no Sale.
OFFIcE Oh THE DAILY APPEAL,
ERTnAY, November ., ISL


FINANCIAL.
Charleston railroad stock still excites
attention. Lots are offering, and there
are negotiations pending, but an exact
statement of pricesis kept where wisdom
dwells, "behind the veil" Our own
quotation, 265, is eulOgised by some as
being remarkably near the fact, and we
are told that a lot now on the market IS
Eeld at that figure and will be parted
with at no lower rate. On the other
hand. a party in a late sale shakes his
head and opines that we may fly the
kite too high. Gayoso Gas Company
stock is also exciting attention. 1t is in
"a Deculiar position. The more the Gay
uso Gas Company Is the GsyosO Gas
Cnmpany the less the stock is worth;
the more the company appears likely to
lose its identity by a process Of ahsOrp-
ton, the more valuable its stock be-
comes. 1t is said this stock is going up
in the market. The tightness OfmOney
l. a tonic of more or less lamentation in
all business cities. Cincinnati was
boasting recently Of her freedom from
the financial cares that wrinkled the
hrows Of other western centers of trade;
the following from the Cincinnati En-
g1sirer Of the twentieth shows that the
money famine has not passed the Queen
CITY by: ssThe demand for loans con-
tinaes active, beyond the abilit ties of the
banks to supply, and the market is still
very stringent, with no immediate pros
pect of relief from the present condition
Of affairs. The regular discOunt-houses
are combining their favOrs to those who
have claims upon them. In the open
market it is exceedingly difficult to ne
gotiate loans, as there is little private
capital ahoat. Rates of interest are I'M
changed. DepOsitors are supplied with
all they were entitled to at l0012 per
cent. Some good paper was placed in
the open market at l2Gl5 percent. The
inside figure is freely offered.n We
should add that the Madison street
bankers this day served their customers
with notices to make up their balances.
Memphis currency bonds, with past
due coupons, skies, 53G54; Memphis
gold bonds, skies, so; Memphis past
d-ue-coupons, 66; Memphis and Charles
ton railroad stock, 263; ditto LIST mort
gage bonds, IS; ditto I'd mortgage, so;
Memphis ar Ohio railroad stock, 10;
ditto lst mortgage bonds, 50; ditto I'd
mortgage, so; Mississippi and Tennes-
see railroad stock, 1000; ditto LIST
mortgage bonds, IS; ditto ID mort
gage bonds, 7OS1; Mississippi Central
railroad stock, Is; ditto LIST mortgage
bonds, 81; ditto ID mortgage bonds, 81
Mississippi warrants, 70aS2; Mississippi
Ievee bonds, 40; Arkansas levee bonds,
10; Shelby county new warrants, SotG92i
ditto reissue warrants, S2GS6; ditto
coupons, S3@,S5; Bank Of Tennessee
money, old, $50 "a; new, SSSS7i Ten
nessee Comptroller's warrants, $3.50.