Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-09-07
FINANCE AMI TRADE.
Cotton, MiddIing, n Eek
change, Par to IL Prem
Gold, liz If.
Full Commercial Summary-Im-
pOrtance Of Sustaining the
Exchange.
The Cotton Crop = Particulars
from Reliable SOurces-4r.
kansas Leyee Bonds.
OFFICE OF THE DAILY ArPEAL.
FRIDAY, September q. 1872.


he SfioSgo fFibtnac has "a paragraph So ex
"'R describing the state OF things in MRdi
stnset shat We copy IL: The Chicago
''nhs pursue the even tenor Of their way IN
. tanner that makes itpNcecdingly dificul
70 hunt ont specific Items OF peCuniary news
nere $50 htte change in the current o
business that the same description would an.
NMer day after day for a week together. The
current OF business is perhaps best described
lh cay line; Deep, yet clear; though gentle
A'A not duLL There is really a great deal oi
business doing, but IL is transacted 80 quietly
tl;I ~ creates scarce q ripple On the surfaraT
say "MemphiS banks for aChicagD banksr
and the description is perfect. II there was a
ripple to-day we failed TO catch il. Scaree ex-
change and tight money were Che ronics fhaf
sorbed al there was 10 talk about some
i~"ercantIe eXchange is m2Ring by arranre.
uIents merchants have fnade will EaSfern
houses for money faciIitieS-aud sls0
Trough me INSURANCE companies; this meets
SfInc, SHS mooerate demand now arising.
.LJnS = wanted sin, and stringent" is q
Nl.N Aeard az every corner and every shady
>i'+s on Madison street. The Western cities. Al
rough haNluga pressure SOmew hat above the
$50 erage,appear free from the difficulty we ARE
~Npenenclng. The Louisville Lefgrr saws:
The demand Tor money, while Somewhat
more active than usual AT this season Of the
tiar' Is mol L excess OF the available means
81 the banks, and the local money market is
therefore reported in a healthy condition. the
tanks responding 10 the Want Of their regu-
ar customers NJ rates o. interest ranging
rom sale per cent, with some transactions
81 = per cent In a similar style the Cincin-
LsAll- - Louis and Chicago papers describe
thelr respective monetary conditions. The
nroken are giving lI2al2L for gold. Local
securities excited no attention: about forty
mares OF Charleston stock was offered
~ r but was not taken when We
CT the market. We heard of no
.urther sales OF Arkansas leyee bonds, but
learned thatsome OF these bonds are wanted
5or the purpose n locating lands with them.
II mas been the practice, 10 some extent. in
Alttie Rock. Ia d post say $1,000 levee bonds
with the ianu agent. and draw against il as
talid wa, taken up. This has become q labor
greater -thU-orhcials are willing to con-
Inue- and the consequence IS hat the small
bonds are sought aftcr, and the smaller it is
me higher pruportionate price IL viii bring.
Pieces OF 50 aud So. without commons will
We are informed, sell for =. Not one word Of
Interest about any other security came 10 our
Utrs TODAY.
Memphis currency bonds, with paSt-due
coupons, skies, S6057; Memphis gold bonds,
so; Memphis past-due coupons, 65LAaBS:
Memphis and Charleston railroad stock, IS:
ditto lSt mortgage bonds, s.; ditto ID mort
Ne Memphis and Ohio railroad stock,
as ditto lst mortgage bonds, 50; ditto
= mortgage, 81; Mississippi and Ten
nessee railroad stock, %; ditto LIST mort
gage bonds, -: ditto d mortgage bonds,U ia
p Mississippi Central railroad stock, IS: dit
10 lst mortgage bonds, &: ditto 2d mortgage
s.; Mississippi warrants. 75aS5; Mis-
S1slppi leNee bonds, -; Arkansas leVee bonds,
shelby county new warrants, 90a92:
ditto reissue warrants. S26Si; ditto cOupOns,
S2gS; Bank OF Tennessee money: old. glag2:
new 500; tennessee COmptrOller's war
rants, SSae1.