Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-09

! lac Boston B0st, nollclng the exchanges OF
last week, says the exhibit shows an encour-
! aging increase over the trade OF the previous
week, and as against the same time last
year the figures show an increase of per
cent, against an increase OF 50 per cent.
| last week, and a decrease of 1876 per cent.
the previous week. The New York Public,
reviewing the official returns Of imports and
exports for the month OF December says that
for the year 1881 the exports were $50, 000,-
600 below those of 1880, while there was a
decrease in imports of only $25,7O0,000,
which explains the readiness of gold TO
move eastward. The net imports OF gold
for December were only s., 500, 900, and for
the six months ouly $50, 100, 23O, against
nearly 100000 during the same months
of 1880. Since the resumption of specie
payments the net exports of gold were in
1879, S74,652, 495; 1880, S7O,56s,699; 1881,
$685. or; total, $2O3,O16,3Il. During
the same three years the net export of
silver was Sz,276,5S5, $1,339,083, and
So, 469 ,629; total, Sl7.0s5, PAT. The produc-
ton for the same three years is stated to be
$94, 6SS, 288 Of gold and SllS, 053, 525 OF sil-
YER On the basis of the report of the mint
about $264, 0G0 900 of gold has been added to
the monetary supply, against S273, 271,707
in gold coin believed to be in the country on
the day of resumption, a statement that
shows us to be in a condition to spare a few
millions for export without Inconvenience,
although speculstions might meet with
check. During the month of January there
was less stringency than had been expected,
and the general belief was that the coming
months would be equally free of difficulty.
The banks during the present year have
gained about 81 100000 from the interior.
During January money was not drawn out
largely, nor kept back from returning East,
because the speculation in products at the
West made little progress, and the deliveries
OF cotton declined rapidly and heavily. The
monetary situation abroad is exceptional
and lull of>uncertainty; Paris has had
panic and a great bank failure, and the Bank
OF England rate went higher than
since 1873. The country is full of money,
but not those who embark in Wall street
enterprises; investors and Spectators in the
interior have sent but few orders of late.
The Western banks are keeping their funds
at home more than ever before; opening up
new country and railway construction hold
great deal OF money from the money centers;
from congressional action little is feared
this season. The decreased dependence of
the Western banks and the disinclination of |
the people to rush into speculation are !
L.. r. l.
$ the turning of floating into fixed capital
Excellent loans, that early last year would |
ave been snapped up in a. day, have had
little success; there is more discrimination
and conservatism than there was. As long
Is we ask more for grain than Europe will |
pay, the key of all the money markets is in
London. 1t is necessary to wateh-irst, the
prices Of wheat and cotton; and, second, the
ate of exchange between France and Eng
and. If spectators do not raise prices
With u.s. and if demands for the continent
10 not push London to draw from New
FORK, February may pass without
pressure. On account of dis
for our twenty millions in bonds
the total cash in the treasury
hoWs REDUCTION ol % Ioo1o1- IL, ana the
let cash available has fallen off 81, 49,
81 "A, or almost the whole amount OF the
otaI debt reduction. The treasury contains
Yearly 81, 500, 900 OF silver dollars, against
uost Of which silver certificates have been
ssued, The latter amounting to Sol 1857 $40.
The increase of silver dollars for the month
5 about S4,400,000; OF silver certificates,
bout 81 100000; of fractional silver, al
most 100000; while the stock of gold coin
II bullion has decreased about SIS, 100000