Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-28
BUSINESS ON WALL STREET.
TIE PAST TEN DAYS.

New YORK, September 27.-The ten
days, closing this afternoon, have been
the most eventful in financial circles for
the past fifteen years. The excitement
has ragged without limit, and at times
there seemed to be no end to the calam-
tiles possible. On Thursday the fire
died out for want of fuel, so far as Wall
street was concerned. They then be-
gan their work in financial circles, and
there is now a reasonable hope that they
may be checked, and that the worst has
been seen. The day closed with decld-
edly better feeling in all directions.
FOREIGN EXCHANGE
closed with an improved tone. The last
quotable rates having been l04@l04i for
prime bankers siXty-day sterling; 105
for bankers demand; 105!@1O53 for
cable transfers, and 1029103 for sixty
day commercial, and l04 for three days
sight.
MONEY.
There were no regular rates for money,
loans having ranged from One-fourth per
cent. per day TO seven per cent. per au-
mum. AS a remarkable instance of the
restoration of confidence now going on,
it is mentioned that money which has
been extremely scarce at One-half to two
per cent, per diem, was acceptable at
seven per cent. on approved col
laterals. In this connection, it
may be stated, that the resumption of
Henry Clews & Co. has received gen.
eral Endorsement, and most of their old
customers have acguiesced in transfer
ring their accounts to the new special ac-
counts on their books. Numerous new ac-
counts have also been opened. Messrs.
Howes q Macy make an almost sim
liar report, all of which goes to show
that the lately suspended firms retain
the confidence Of their customers and
sympathy of business men generally.
GOLD
was unusually active, and at times the
room presented an animated appear
ance. The price opened at II4f, ad-
vanced to 1l5l, declined to 113f, rallied
to oll3s, and late-deaiing sales were made
at ll3t. AT the opening of the room
loans in gold were made at per cent,
but soon fell to flat, followed by an ad-
vance to 1, and q final reaction to fiat.
The bank statement will not be ready
before Monday. The assistant-treasurer
paid out to-day nine thousand dollars on
account Of interest and the redemption
of 5-2O bonds. Customs receipts to-day,
S277 200; for the week, 81, ,9OS, ,SS7.
IMPORTS.
The total imports tof the week were
$40, 902, ,46S, Of which 81, 464, 702 were
and SS, ,437, 766 were dry
goods. Amount of dry goods marketed,
s., SOB, ,S35. Total exports Of specie since
January lst, S40,S5l, Isl, against $751;
973, ,S6l last year.
STOCKS AND BONDS.
Street dealings were small and devoid
of any new feature early in the day, eX-
cept that prices were lower in conse-
quence of the pressure to sell stocks for
cash, but in the afternoon improved feel
ing pre.ailed, the change being sudden
and very marked. Prices advanced
rapidly on small offerings. Large busi-
ness would have been done in buying
stocks, but street dealers did not appear
to have money. The greatest advance
was in Lake Shore, which rose from 50
to IS. New York Central sold up to %,
Western Union, 50; Rock Island, IS;
Harlem, no; Pacific Mail, 80, and Union
Pacific, 81. At the close the market
was very irregular, from the fact that so
few stocks were offered. The following
are the latest
PRICES CURRENT
among the crowd of miscellaneous oper-
ators on the street: New York Central
and Hudson, 80 bid, SO asked; Erie, so
G55; Lake Shore, 1906; Northwestern,
40@45; Rhode Island, S7@90; Pacific
Mail, 31@S2; st. Paul, 29GS0; Ohio,
30G32; Western Union, 6l@65; Wa
bash, 42644; Union Pacific, 20922;
Cleveland and Indianapolis
Central, 2l@22; Harlem, l06@ll0. 1t
was rumored late in the day that one
individual had borrowed from five to
ten million dollars on New York Cen
trail and Lake Shore bonds, and also that
other large loans had been made on va
rious stocks.