Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-01-15
FRANCE kRO TRADE.
OFFICE or TEE DAILT APPEAEs [
SATURDAY, January 1Srslsi2


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Business circles were fairly active. Money
IS considerable supply equal to The demand
AID With the exception Of rates Of exchange
the money market has ruled steady and IN
changed Prospects are that trade VIII con-
unu@s satisfactory 10 Rll concerned Not only
here are prospects good, but generally. me
New York Skipping List ofthe lOth inst says;
" With returning ease in the money market
and business arrangements for the Few year
nsarly completed, there is a better feeling and
more activity n general merchant sc. The
imprOvem Mt in trade, however, Is quite grad
usi, buyers not being disposed TO anticipate
their wants % any extent, In view o. p2sslote
contingencies, and the movement Is no likely
% be spirited until goods adapted 70 the
spring trade shall be wanted for general dis.
Uibution. The outward trade n agricultural
products Is improving a little, but Is still far
nom being active, and with the tonnage sup
ply increasing, ocean freights are low and for
The most part Improbable TO American ton
mage. The cotton ports are also overstocked
with shipping, and with 3 continued influx OF
foreign tonnage, quite q number Of American
ships are coming North. The West Iudia sugar
trade IS also q promising, the supply Of ton
mage Al the le -diug Cuban ports being quite
heavy, With the consequence OF low rates and
very lew orders here for vessels. The Imports
Of foreign goods continue large, but, as the
amount OF goods in bono is comparatively
mode ste, there Is Little probability OF an over
supply, especially as We are on the eve OF an
active business season. The entries Of coffee
LAST week amounted in value 10 nearly q mil
lion and a quarter dollars, and Of sugar TO
nearly - million. Prices Of staple
ties have undergone no decided change, II we
except cotton, which hiss materially advanced,
under strong cable Rdv1ces and an increasing
snort interest Most OF the other leading
commOdltes are nrm.
Daring the fiscal year ending June 80, ISL,
the total depoSI's Of gold al the United states
mint aud Its branches amounted sS4-so4tA2 -.
The value OF the gold coined was SZl,5U244oi
- SO IL, 40 % ~ TaIns ~ t6s silver
coined was Sl,s55,e6 Is. The value Of the
whole coin tge Tor the year tneluding nickel
ana copper was s40,ls7 ,4s 5. The larger part
Of the coming was done at the branch mint
IN S6 francisco where gold 70 the value OF
2A24i.OS 3. and silver 10 the value Of $685.
O5 y, were turned into money, The total
coinage n Philadelphia amounted to S4-s p |
o. s.. The assay omcs in New York recelved
during the year gold bullion 70 the value Of
eLIl,lD S. The deposits Of gold al the branch
mint al Charlotte, North Carolina, during the
year amoult- d 20 =l452 81 The silver parted
from the s Id amounted 10 sl4o 81 Al thls
institution the gold is not coined, but merely Il
assayed. and returned 10 the depOsttOus In the
form OF dne bars, boaring the government
stamp. Al the branch mint at Carson City, 1
Nevada, tue deposits Of gold amounted 20 ST.
0C38q 90, and the deposits Of silver TO Sl,11,-
6Sf So The amount Of the gold coined was
21l5; tue rest was asssyed ana put INTO hue
bars OF the silver only s52-S76 was co ned
HThe commissioner OF iIternal revenue de-
cides that a tax must be paid upon diFluends
declared out Of the ~esrniugs OF the year Isl,
and upon the Interest and c upons represent
ing Interest which accrued In mat year even
though the dividends are not d clared or the
faterest . not payable under alter December
s., ISL and that the corporations
In seclOu ID OF me SCI OF July II Aoiut suouA4
v thhold the tax from their sticks ana
bonds"
Exchsnge is steady as follows; On
York and Boston, 1S9T buying,
and selling al par TO Hc. New Orleans Il
now taken At par and sold at q discount and
IN demand. However, the Union and Plant
srs ba L Is still taxing all offered on New York
~ 4 discoGnt and selling Al par TO &c.
Gold Is stu In demand, brokers pay l9.
The local stock aud security market re-
mains Inactive. There are a few "be2rs" and
operating n Arkansas levee bonds,
snd il would seem "a though the bulls" have
the Geld, ss bids to-day OF &c were refused,
Ind no price Rsked. selma railroad scrip sold
~ Csc. II has been authorized 70 withdraw the
SCRIP issued by Shelby coun toll Memphis
Marion sDd Selma railroad after February lst,
1nril thatdate VII meet all demands al nIne-
City securities are held firmly l.
y O9c for the currency bonds and &c
or the gold issue. County warrants are
trong AZ A9s5, buying and selling. Memphis
md Charleston railroad stock is nOminally IS
Tennessee money Is sold Al IS and s. for
new and old issue. Railroad and insurance
uocks are quiet and without change. In expec-
attinnofl0 per cent dividend 70 he declared by
he Memphis GasIght company, the stock Is
leld sEG a. alJu. 7