Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-11-21
FINANCE AND TRADE.

THE FIEANCIAB CIRCLES yesterday
were like those theoretical figures de-
fined by geometricians; the boundary
line was made up OF q succession Of those
points that have neither length, breadth,
nor thickness; the circumference con-
tsined-a vacuum. Extensive ground
tais ter a newspaper report, but it was
all the ground there was. Money is
the root Of all evil, I" but the root is so
imperative just now, that the sum Of
evl ought to be diminisbedin Memphis,
il The assertion be true. Compared with
a month ago, money is much less plenty.
4 month ago we had q, 100 bales OF cot
ton in stock; we nave now 81, 800 bales.
To carry nearly 5000 bales OF cotton
takes money-our moneyed men wish
cotton-holders would tighten the stock.
The banks have less money subject to
cali than they had some time ago, still
there is no additional pressure, at pres
cnt, on the street, and money can be
got there at 1fG2 per csnt. a month; in
bank 10 per ceut. ls the uSu Fl rate. Ex-
chal g IS ia moderate Offering az the
established rates; buying on New York
aud other eastern points at I discount;
sight bills, requiring three days grace 4
On New Orleans, selling on all points
- psr. Gold is tAken by brokers st 10;
silver Al 3.T5 per cent. Two thousand
Planters i.sllr4uce stock wss olIeIing at
The y ashvile BQHacr OF November
18th, reports: Tennessee bones have
d-cliued again in New YORK., the closing
quotations to-day being = cents Tor the
old aIl lcw regular bonds, with 8 30
accrued interest attached, while the reg /
Istered and rev funded bonds are OF /
cred Sc S. cents. There is very little /
tracing in them now-waiting TO see /
what our new legislature proposes. New /
issue Tennessee money is unchanged; I
generally held ab0ve the msTket, very 4
little changing hands. Wvheard Of 35c |
being Udsred i0r 3 round lot to-day, 1
party holding refusing 90 accept TIE
New York World says; Southern state /
bonds have continued 10 advance, and /
show 8 gain o. ] ia Nirgiuiz cOnsOls,
Il Tennessee, 4,s5 In North Carolina ola 4
siEe-, and a generally hrmer tone 4
Throughout, with sn improving inquiry 1
Tor Alabama fives and eights, which 4
holders are SLOW % meet the Chi cage (
IluCs Of Wednesday, has the following /
Chee-i z para Eraph- The movement 4
ia monetary matters has, in many re-
spects, uIsdsrgone a decided improve \
meDt dufi1g the past few days, and a.
the weather Is unusually favorable foT
trade 10 al Eues Of commerce. the
hanks spP-ar 70 tsBe an exceedingly I
hopeful view OF the immediate
future. The dissatisfaction aud dis
trust that were noticeable NJ late have !
ia great measure given way u mucl 4
le Ter and aOre promising feeling, aud \
Go all Qga-ter- the outlook Il more en-
courasIBg than fJr months past" The |
following o. the gold Else = from the 4
New York Tribune. " The advance oil
the ba Oi EI.iaHd's minimum rate 1
- disc nut % i've per ceut., and the 1
muiJaueGus commencement Of su eX-
port u tvemeut 81 cuHn from New YORK 4
o. Eur Sc. pUiUt 10 3 higher premium
on z III tins winter. We expect Tue
GOLD premium 10 lie becaU-e TIE stock /
Of gOlu al the command d the cuisines
community Is uot lsrEe. aud the loss vi 1
q very lev millions u AZ Won u create q
great scarcity snuUd the secretary OF mel
trea-u y refuse u iute.f=Te. The Lon
dJl sdvice- we-e Of y more important
IA ule, aud 7. ported that he man
ayers o the bank Of EBgiaud had con
veued an eX1a court AID ADVANCED /
tie miaimuu rare OF discount fui one
per cent az nov standing 1t i've per
cent. me bans ma e further l1>s To-
uay in bulii OF SIS, U00. It's entirely
owing 70 these Tepzsltd losses and TIE
Steady depletion Of q e bank reserve
that the rs.te Las been liked At higher
figure, and Ia vIes II tue desire OF the
banks OF PiU-siA, France sud Englsnl
% rrtaiu specie IA a ell respective vaults,
ana the bitter contest 10 retsln what
they al. Gaiy have, tue future course Of
q ga clzl matters viii be watched here
with great curiosity, IS effecing the
courseO gold and fOseisn exchanges"
tity currcacT bonds undIspU ted--.----.4li az
CITY tainted bonds circular b8sis------fzes-I
10y --l - ----------------l-i SCI ing, -
shelby county scriu----------------75; selling, ~