Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-12-18
MONETARY AND FINANCIAL.

NEW YORK, December 17.-MONEY
was stringent, the chief feature in finan-
cial circles to-day being borrowers pay
ing as high I per cent. per day. About
She close of bank hours, when nearly
all the brokers had made up their bank
accounts, the rate declined to 6,a7 per
cent. 1t is generally supposed that arti-
fetal means are at work 10 make money
scarce, and the Pacific Mail people are
accused of locking up funds, as they did
ten DAYS ago. In addition to this, the
Treasury Department afforded an Op-
portunity for the stringency Of money
by withdrawing from the Bank of Com
merce and the Fourth National Bank
81 ,345, SO in legal tenders; government
money now remaining in these two
hanks, 1915, S45. SttriaG Exchange
firm, 9 for prime, and l0t sight. Cold
lower, declining from 1921 to Ills, with
recovery to 1I2. Loans, 2tO fiat for use.
Clearings, $40, 600, 600; assistant treasury
disbursements, SIS, 800. GOUerRnaents
were lower in the morning, being in
sympathy with gold, but closed
firm, at slight advance. The
following were the quotations: 7; ,.
coupons Of 1881, 1l7E; 5 20s of 1862, 1925
. Us ol 1oOtf LIS y Us VI AoDoi 40 - -o1
of 1865, new, 115f; 5 20s of 1867, 1851;
8 POS of 1858, ll6; lO-4Os, 1921;
currency Is, 1923; new, IS, Ill.
State Bonds were duh. Quotations are
as follows: Missouri, So; Tennessee,
old, 795; Tennessee, new, 794; Virginia,
new, so; Virginia, old, AZ; North Car
DINA, old, "a; North Carolina, new,
10. Stocks were irregular, the market
alternating frequently between tirmness
and weakness. The chief interest GEN.
tered in Pacific Mail, which tiuctuated
between 70 and IS, closing at 76. The
dealings to-day have been more evenly
distributed than usual, with consider
able activity in New York Central, Lake
shore, Rock Island, Wabash, Western
Union and Hannibal and 81. Joe, COM
mon. The market closed heavy, and
the latest dealings were at declining
prices. The Commercial Bulletin says
there is a rumOr that the Pacific Mail
Company is about to issue bonds, and
repeated it very positively to-day.
1t is stated that the Executive Com
Inittee viii authorize them tomorrow.
The closing quotations are as fol-
lows: Canton, l0l3; Western Union
Telegraph Company, 79s; Quick
silver, 46(; Adams Express Com
pany, SO; Wells q Fargo's Express
Company, IS; American Merchants
Union Express Company, So;
United States Express Company, ol4;
Pacific Mail, IS; New York Central,
g7l; Erie, 53l; Erie, preferred, 74l; Har-
lem, l26; Harlem, preferred, l27; Mich
igan Central, ia; Pittsburg, Fort
Wayne and Chicago, IS; Northwest
ern, so; Northwestern, preferred, 500;
Rock Island, l10l; New jersey Central,
lOIg; St Paul, 54s; st. Paul, preferred,
II; Wabash, p; Wabash, preferred,
81 Fort Wayne, 932; Terre HaUte, IA;
Terre Haute, preferred, so; Chicago and
Alton, llel; Chicago and Alton, pre-
ferred, ia; Ohio and Mississippi, AS
Cleveland, Columbus and Cincinnati,
81: Burlington and Quincy, 1876; Union
Pacific. 80; Central Pacific bonds, l02;
Union Pacific bonds, SIS; Delaware and
Lackawana, 824; Hartford and Erie, s..
NEW ORLEANS, December IL
sight exchange, 3C9g discounts sterling
exchange, 2l5.
LONDON, December Il, pm
ConsoIs. money, are 9lB@9l3; account
gl5. United States coupons 5-2Os, 1860
a2: 5-2Os, 1867, 80; l0-4Os, oo4i New
lives, s9l; Erie, 425-
PARIS. December l7.-Rentesi 5Sf 45c.