Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-09-27
MONETARHAND FINANCLlLMATTERS

NEW YORK, September 2f-MoSEY was
hard during the forenoon, and advanced grad
but before the clOse there was a relaxation tO5
per cent, with the latest business about .
per cent. on stock collaterals. The ad-
vance in the rate of discount by the
Sterltng was duh. Long was weak at 1920
1924; short firm at at l0S7z9l09. Gold wasdul
and steady all day at l57s9llSh; loans be-
tween l per cent. and l-52 per cent. for use
and 4 per cent. for carrying. Clear1ngs, SlO'-
O9O010: treasury disbursements, $4,000. The
Treasury sold 100000 at 10 5-lO0Gl40 1-luO.
Governments were lower in the morning, but
closed dull and steady. Tie following are the
quotations.: 5-20s OF 1851, u5N; 5-As OF lo62,
LIS i5s Of ~ iss5 Of IS5s He ns S 2;S' Of p 1872 isS2' H n5
SOS of lS6S,neW u55z; Iy40s, los; new Is, ll0 );
Currency IS. llzl. Southern Securities
were dun and steady. The fol-
lowing are the quotations: Missouris, 92L;
Tennessees, old, p; Tennessees, new, p; Viz
ginias, old, a; Virginia, new, q; North Car
OIinaS, old, SO; North CarOlinss, new, y.
The Stock market was generally duh in the
morning and declined JErlA per cent, with a
considerable pressure to sell, The market as
sumed a irmer tone in the afternoon when
there was a recovery Of LGszcf from the lowest
point, Erie was an exception to the general
market, opening at 49Lc, advancing 10 SOC,
and falling 10 4Sc at the close. The greatest
difference between cash and regular in Erie
was = per cent and most Of the time there
was no difference whatever. The corner ap-
parently relaxed for the purpose of encourage
ing more short sales. In Pacific Mail there
was a difference Of A84 per cent. be-
tween cash and regular, with the largest sales.
Its closing price was the best of the day. y
large amount OF Northwestern preferred was
turned into cash. The whole market closed
steady. The first mortgage gold bonds of the
Burlington, Cedar Rapids and Minnesota rail-
road were admitted to-day 10 the regular call
OF the Stock Exchange by "a unanimous vote,
The difficulties in Erie are believed TO be over,
at a cost Of seven hundred thousand dollars.
The following are the quotations for to-day
Canton, 81; Western Union Telegraph Com
pany, 81: Quicksilver, 49,; Adams Express
Company, 50; Wells & FargOs Express
Company, 500; American Union
Express Company, 20; United states Express
Company, 7SIe; Pacific Mail, 2ls; New York
Central, 90: Erie, IS; Erie, preferred, 2;
Harlem, no.; Harlem, preferred, -; Michi-
gan Central, l5: Pittsburg, Fort Wayne and
Chicago, -; Northwestern, Il%s; North
New jersey Central, lul; 81. Paul, 5iA4; st.
Paul, preferred, 7ilR; Wabash, IS; Wabash,
preferred, -; Fort Wayne, 81; TeIre Haute,
p; Terre Haute, preferred, 40; Chicago and
Alton. III; Chicago and Alton, preferred,
III; Ohio and Mississippi, y; Cleveland,
Columbus and Cincinnati, ~; Burlington &
Quincy, l34; Union Pacific bonds, So ;Central
Pacific bonds, VS.; Union Pacific bonds, SI4;
Delaware and Lackawana, Y1E; Harlem and
Erie, 81.
LONDON. September 26, 5 p.m-Consolsi for
money, 92L; on account, 92s: US. 5-3is, 1901
95s; Z. :. 5-20s, 1857 So; u. S. lo-0s, b'@s;
new 5s, S9lf.
FRANKFORT, September 25.-United states
5-30s, 1852, 80.
PARIS, September 25.-Bentes 53f. CSC
NEW ORLEANS, September, 25,ll 30 am
Sight exchange, = discount. Sterling eX-
change. -