Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-12-21
MONETARY AND FINANCIAL.

NEW YORK, December 20.-MONEY
was active and stringent, and advanced
TO I per cent. per day, closing at 1920 J..
Sterling Exchange was higher, at 9l994
for long, and 10s6l0l for short sight.
cold was unsettled; opened at lll2, fell
TO IFS, rallied to Ill and closed at 1ll3
OILS. Loans were 3a7 per cent. for
carrying to fiat for borrowing. Clear
ings, ST., 900 900. Treasury disbuTse-
ments, only So, 600, but it is expected
they viii be heavy tomorrow, on ac-
count Of the January interest. GOUerH-
mcltS were heavy most of the day, but
closed trihe better aud firm. The fol-
lowing are the closing quotations: L. ;.
coupons of 1881, 1l7k; 3 20s of 1862, 1l2;
> 20s of 1864, ll2t; Dos OfIS65, ll2f; SOS
Of 1865, new, ll45; Dos OF 1867, ll6;
5 20s Of 1868, ll6; 1O-40s, 1893;
currency 6s, ll25; new, IS, III.
State bonds were very dull, closing
as follows: Missouri, 945; Tennessee,
old, 50: Tennessee, new, SO5; Virginia,
new, 50; Virginia, old, 40; North Car
DINA, old, 49,; North Carolina, new,
10. In SOCKS Erie was the great feature,
the restitution by Jay Gould of g, 600, 600
to the company being still the absorbing
topic in financial circles; and the stock
speculation was, TO a great extent, in the
shares of that company, which opened
strong at 50. advanced to 90, fell to 5Ss,
sold up to Gig, down TO $50, and closed
at 61E Business was enormous at the
fluctuations, which were largely Occa-
stoned by unfounded reports of a hitch
in the Gould settlement Pacific Mail
was also very active; opened at 76s, sold
down TO 745, and up TO 7os, closing at
Isl. Western Union, Lake Shore, aud
Columbus, Chicago and Indiana Cen
tral fiuctuated about one point with
considerable business. The rest of the
list was quiet, with fluctuations of 3G4
per cent. The whole market closed
steady, with Pacific Mail and St. Paul
strong. The closing quotations are as fol-
lows: Canton, 1922; Western Union
Telegraph Company, SOl; Quick
silver, 45; Adams Express Com
pany, S2I; Wells & FargO's Express
Company, $50; American Merchants
Union Express Company, IS;
United States Express Company, 49,;
Pacific Mail, IS; New York Central,
81; Erie, 60I; Erie, preferred, 76; Har-
lem, III; Harlem, preferred, l27; Mich
igan Central, ia; Pittsburg, Fort
Wayne and Chicago, IS; Northwest
ern, 81; Northwestern, preferred, Sc;
Rock Island, lI0s; New jersey Central,
1903; st. Paul IS; St. Paul, preferred,
70; Wabash, 72s; Wabash, preferred,
IS; Fort Wayne, So; Terre Haute, "A;
TeIre HaUte, preferred, 40; Chicago and
Alton, III: Chicago and Alton, pre-
farred, III; Ohio and Mississippi, As;
Cleveland, Columbus and Cincinnati,
81; Burlington and Quincy, 1S7; Union
Pacific, 81; Central Pacific bonds, l02;
Union Pacific bonds, SOL; Delaware and
Lackawana, 92I Hartford and Erie, 81.
NEW ORLEANS, December 90
Sight exchange, 4G5 discount; sterling
exchange, 2lt.
LONDON, December 20, 5 pm
ConsOls, money, are 9I3Ggl5; account,
9l3. United States coupons, 5-20s,
1865, 92l 5-20s, 1867, 92J 1O-4Os, Sss
new fves, s95; Erie, 40.
PARIS, December 20.-Rentes, 53f SOC.
FRANKFORT, December 20.-Uni-
ted States coupons, 5-2Os, 1852, $50.