Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-04-25
FINANCE n TRADE.
OFFICE or TIKI DAILY APPEAL,
"WEDNESDAY, ApruA ET2.
LIZ

" EDNE7DAAs aB4A - A-A-s ,
FINANCIAL u
Business was decidedly duh this morning
and Madison street had its share OF the stag.
nancy. Exchange is scarce, par buying and
&c selling al the counter, bankers rate = per
SI000 at which all that Is offered rs readily
taken. Money Is In slight request nom DOT
rowers whose applications would receive az
tention at the banks, and from the absence ~
call for il is easy. Brokers are Offering II Tor
gold. which advanced yesterday in New 1ofh
from lllX at the opening 10 Al5s91lI5e at ne
close. There was an inquiry cary I0E CITY
Ions date skies at &c eventually S"0 va
sold at SIC, 500 pasT due coupons was solo az
Sc previous sales were ~ SC. LAST sNenlHs
200 shares Charleston railnoad SOLO 1T DC anu
This morning 20 at size, some parties. quoted
them at S2LSc in the evening. county warrants
are selling at g499Sc with an aSUNe oeIaha-
We heard of no transactions in Barbour Lew
is scriD. certified, and quote il at S90cs-Gay-
ESQ Gas COmpany has sold al 1c nut some hoE-
ders are demanding 55e. Bank oi tennessee
money SgGg0c, First mortgage Mississippi and
Tennessee railroad, SIC: second mortgage, N1%.
some Memphis City Fire Insurance stock Is
Offering at nc, DC paid on the books.
Tha New York Herald OF the 18th, reports
Southern securities quiet at the following
quotations: Tennessee e~x-eoupons, 67H96%;
do new. 67Lta67h; Virginia, eX-cOupons, SOC
55: do, registered stock, old 4e@5o; do. skies
consolidated bonds, 55@54 do. deferred scrip,
i6847; Georgia skies, 1S97S; do. sevens, SGsO;
North Carolnatex-eoupons S69S7s d~eyfunding,
1865. 25tlg7. do. do. lS5S, 2lfa2f- do. new,
-: do. special tax. l4&0l6; Missouri skies, 80
@e6; do. Hannibal and ~, Joseph, 94@a&;
A0AAHAhaA rAAE1 ~ M - NNNAHaH w. Z =
&c skies, 60965; dc. do, eights, 75gsO; do, do,
Fights, 1870. SGS do. Penitentiarys eyens, COG
20: do. Railroad eights, DGsos Alabama nyes,
GJU6l- do. eights NasU; DO. Fights Montgom-
cry and Eufaula railroad, Sg9 south Caro-
Illus skies. 5Ad5S; do. new, January and July,
549St; do do, : and october 97S@
81: Arkansas skies, funded, 5ia5s.
Contraction in the Money Narket.
WASHINGTON. April 2-AIr. Fernando
Wood to-day introduced a bill which is in
tended to preventa stringeney or contraction
in the money market, either from design or
Incidental causes. II provides thar the Secre-
,1ary OF the Treasury shall set apart frOm the
coin in the treasury the sum OF twenry million
dollars. and 10 issue legal-tender notes of the
denomination Of one thousand dollars TO the
amuont OF twenty-five million dollars, 70 be
distributed as follows: New YORK, fourteen
milliOnsin coin, fifteen millions IN leEal-tsn-
der notes; Chicago, two million coin, I'VE mil
lion notes; Philadelphia, two million coin,
three million notes: Boston, Two million coin
placed in the keeping Ofthe Assistant Treasur-
er atrhese points authprityts given toloan
the leEal-render r otes for any period not long
er than one year 20 any corporation or indi-
Nidual who may apply for II, on the pledge OF
bondsO OF the United states 10 the eXtento 80
per cent. OF the par or face value Ofthe bonds,
Coin is 20 be loaned on the same conditions 10
the amount OF eighty per cent. OF the face or
par value OF the bonds, provided thai the d1f-
ference between the market value OF the coin
ana ponds is not gHeater than twelve per cent
I7ur when more than twelve per cent, the as
me Uro rata difference. Tins Interest 70 be
,7sfdi Il dxed at eight per cent, The secretary
al the treasury IS authorized 10 make al neg0-
cations necessary 10 carry out the provisions
81 the bill. il was referred TO the
on banking and CaTreney'