Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-10-08
MONETARYAND FIyAXCIALMATTERs

New YORK, October
ket stringent, ranging from 7 per cent.
gold to 4, with the bulk Of the business
at t9S.
Sterling ExchaDge-StrOng and high
er; prime s~ixty-day, Sc; sight, 9t99s.
Gold-Active and excited, with a sharp
decline; opened at ll3; declined to ll2H,
afterward rallied to 1874, and late in the
day fell off 70 liza, finally closing at ll24
| NlI2J. Loans opened from 3 TO Z per
cent. for carrying, but closed at 1854 for
use. Clearings, S94, GOO, 900. Govern
ment sold s.. 100000 at I12. 73GI13.05.
state Securities-DuII, but firm. The
following are the quotations: Missouri,
90. Tennessee old, III; Tennessee, new,
ri: Virginia, new, 4S; Virginia, old, A;
North Carolina, old, 5Oi North Carolina,
Governments-The market was strong
and higher in the morning, but declined
at the close. The Assistant Treasurer
/ bought S., 600, 600 at liz. 749l12g9. The
great feature Of Wall street to-day was
the sale Of 5000, 600 in gold, and the
purchase Of So OO,O 900 In bonds by the
Treasury Department. The BONDS
bought will be paid for n legal tenders
and for the gold sold payment VIII De
received in certificates OF deposit OF the
| Central National Bank, Fourth Nation
al Bank, Second National Bank, ana
Bank Of Commerce. 1t Is said that tne
money received for the gold VIII remain
on deposit for some time, and be USED 10
assist merchants i n discountng meTcah-
tile D 1t is semi-oflclaly reporteu
that Secretary Boutwell, so eonstrues the
law that he can use the S44,00O,O 600 OF
.-&-,l+ad k~ GAarafpFE Mo-
1 CuIlougb. for the reason that they nave
never been cancelled. We give quota
! tions: U. S. coupons Of 1881, ll54; 8 2Os
| of 1862 Ii5s: 5 2Os of 1854, 1853; 52Os Of
! 1855. Ii5g: 5 Dos of 1865 new, ll4s; D 2s
| of 1867, II4s; 5 Dos Of 1868, ll4s; l0-4Os,
1914; currency 6s, 1l14; new IS, 100.
Stocks The market opened buoyant
and excited at an advance Of tGl per
cent, which was partially lost by noon.
In the afternoon the market gradually
gained strength, the rally in prices
| ranging from AGI4, the best prices
being current at the close. Pacific Mail,
| Chicago, Columbus and Indiana Cen
trail, and Western Union were the pr1n-
| eipaI features. Erie was exceptionally
! weak, declining to As. The following
are the quotations: Canton, 80; West
eru Union Telegraph Company, ~
| Quicksilver, 43+; Adams Express Com
pany, 90; Wells & Fargo's Express
Company, S5s; American Merchants
Union Express Company, SSH
United States Express Company, II;
Pacific Mail, ISL; New York Central,
98f; Erie, 4s4; Erie, preferred, 20; Har-
lem, 10; Harlem, preferred, 100; Mich
igan Central, ia; P%ittsburg, Fort
Wayne and Chicago, S74; Northwest
ern, Il; Northwestern, preferred, So;
| Rock Island, 1863; New Jersey Central,
IOIs; st. Paul, SGT; st. Paul, preferred, "a;
Wabash, 6s3; Wabash, preferred, 20;
Fort Wayne, 80; Terre Haute, Isl
Terre HaGte, preferred, 4Oi Chicago n
Alton, los; Chicago and Alton, pre-
ferred, 1l2; Ohio and Mississippi, Sg;
Cleveland, Columbus and Cincinnati,
So; Burlington and Quincy, 1874; Union
| Pacific, 3St; Central Pacific bonds, 99fi
Union Pacific bonds, 81; Delaware and
Lackawana, 943; Hartford and Erie, 5.