Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1871-07-10
MARKETS BY TELEGRAPH.
NEW YORK.

NEW YORK, July 8-Wall Street.-The
Times financial article says that pubic
funds were less firm than yesterday and
the day before on the non-confrmation of
the rumors from London OF the success of
Assistant Secretary Richardson in placing
the new loan. Private cable kilograms
were silent on the subject, and the pre-
vailing opinion on the street at the c'ose
wss that the report of yesterday was pre-
mature. On other stocks the market was
tame. The registered sales of railroad
stocks were smallJ the prices can not,
however, be called weak as far as business
was done at tho board or on the street,
but there was lack of spirit in the tran
sactious OF the day which too plainly de-
noted the absence of anything like pro-
nounced speculation. Money is cheap to
brokers and there is superabundsnce of
offering on call loans, while the dis.
inclination on the part of lenders to place
their balances beyond thirty or sixty
days control Is quite marked. The ma
tional banks continue to hold the B. -20s
and the other per cent bonds, and it has
been discovered at the Treasury Depart
msnt that some OF these banks have Rd-
Yised their depOsitors, who are holders of
8 per cents, TO keep them Though these
banks are a creation of the Government,
It is from them that the most serious
impediments to the success of the new
loan have been met with. Gold dull and
weak, opening at 1l3H and selling down
to and closing at 1l2%91I3. One per cent.
was paid for use. Clesrings, about ST.
000, 900. Exports to-day, q, ,l07 2l9, double
the amount calculated upon yesterday.
The exports 1or the week are 81, ,7l0, ,666. A
considerable business has been done in
Governments, about half a million being
taken tor export, principally 62s and old
65s and 10 4Os; the market closed dull and
Il IL -
yesterday. Stocks are excited and fever
ish, with largely increased transactions;
some of the prominent operators are still
predicting an active and baOyant market
this month, as short interest is very large
and they say that the bull cliques in Lake
Shore, Ohio and Mississippi, Reading and
Pacific Mail are only waiting TO see what
the Tracy party are going to do with Rock
Island, whether they Will issue new stock
or consolidate with the Southwest road.
They predict higher prices when this drag
Ia on the market. The most active stocks
to-day have been Ohios, Lake Shore, Rock
Island, Western Union, Pittsburg, New
York Central and Northwestern. The
market, late In the day, was firmer, prices
in some cases recovering part OF the de-
cline af the eaEly part Of the day. Money
is easy at per cent, and the bank state
ment points 20 continued ease, the re-
serve being stlll further increased. The
following are the changes: Loans, in
crease, y, SAC, ,6lS; specie, increase, ", ,el9,-
S23; legal tenders, decrease, 81, ,S72, ,O0S; de-
posits, Increase, 81, ,998, $50; circulation, de-
crease, So, ,5S5. State securities are duh
and without material change. Sterling
exchange, bankers' bills, at .10H. Govt
coupons of 1881, ll6z; do 5-20s 62s,
lis; do 64s, llSIS; do 65s, l14k; do new
6-2Os, ll27l; do ~ 8 2Os, ll2Jk; do 6ss, =;
do 10 4Os ll41<; do currency.6s ll4h. Mis-
souri, State bonds, So; Old TeRnessees
7lK; Lew, 7lk. Virginia, new, 7211; do
old, 50; North Carolina, old, 4611; do new,
q. Canton, Is; West. U. Telegraph Co.,
ssh; Quicksilver, IL y; Mariposa l0S7<; do
preferred, lG55S; Adams Express Co.,
SO1s; Wells, Fargo q Co.'s Express, 4711;
American NJ. u. Express Company, 6212;
United States Express Company, 5S1S;
Pacific Mail, 4S1s; New York Central,
e55S; New York central scrip, 9lA; Erie
27E; do preferred, So; Harlem, l26;
do preferred, l8l; Reading, llIL;
Michigan Central, 10; Pittsb0rg, TT.
Wayne and Chicago, lis; Northwestern,
72A; do preferred, 9O7z; Rock Island,
lOsE New Jersey Central, l061< st. Paul,
59% ;ldO preferred, 500 Wabash, $50; do
Preierred, slh Fort Wayne, 100; Terre
Haute, 81; do preferred, 50; Chicago
and Alton, l20 dc preferred, l22 Ohio
and Mississippi, 46A; Cleveland, Colum-
bus and Cincinnati, 20; Burlington and
quincy, l52; Union Pacific, Bon Central
Pacific bonds, 99z; Union Pacific bonds,
sS.
Dry Goods-There Is a moderately fair
trade for khia season and prices are on the
rise for all kinds. Prints are decidedly
higher, although the leading companies
have not y9s displayed their fall work to
any extent; but wherever sales have been
effected of nsw work they have been at
higher rates, 90 that no first class prints
oan BE- touched at less than lie. Even