Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-09-27

vas active and higher, prices ranging

was active and higher, prices ranging
| from l114 to 1l44, and closing at ia
Some Canadian and other bankers hold
ing gold exacted higher rates for stree
use to-day. One or two prominent short
sellers We're at once forced into the mar
ket as borrowers, but refused to pay the
severe charges, which caused a temDo.
rary hitch in clearings, and it was feared
the days business would have to go over
but clearings were finally made, much
to the relief of all. The advance in gold
is partly due to purchases by those who
are distrustful of the present condition oi
affairs, and are locking up gold in con-
sequence. AT opening gold loans were
made fiat, aid at 2:30 per cent. for car
rying, but afterward borrowers paid the
following rates for use: 1872, I-16, /, /,
and J per cent. Late in the day the rate
fell to t per cent, and then to fiat. At
the very close per cent. was paid for
carrying. Clearings S247, 900, 900; the as
sistant treasurer discussed $4,000.
UNITED STATES SECURITIES.
There are no quotations for govern
ments.
THE BANKS
closed early, and in good shape this
morning. Their relative condition is
unchanged, and they are pursuing the
same course as earlier in the week in
reference TO the treatment of checks.
The loan committee of the clearing
house has issued loan certificates up to
nearly twenty-million dollars, and au-
thOriZed the
STOCK EXCHANGE
to continue closed. and the governing
committee this morning decided that
twenty-four hours notice would be given
before opening. 1t is hoped that the
bulk of the contracts ON Friday and
Saturday last will be settled before
the exchange Is reopened. The twenty
four hours notice insures the closing of
the exchange the rest of the week, as
the governing COMMITTEES do not meet
again until half-past ten o'clock to-mOr-
row. This will give greater Opportu-
nifty for further settlement of outstand-
ing contracts, long step having been
gained in that direction already. A
large number of prominent houses in
Wall street have effected settlements,
and as each day closes more
and more contracts are settled
up. If all can be thus
satisfactorily arranged. The opening of
the exchange will result in no further
disaster or trouble. The governing
board of the stock exchange met at
three o'clock this afternoon to receive
the report of the committee appointed
for the clearance of stocks. After some
discussion the report was referred back
to the committee, and the board ad-
journed until tomorrow at ten o'clock.
1t is stated on the street that the accept
ance of the report is delayed because it
is rumored that Jay Gould and Wander
bilt are effeeting settlements which will
clear the market of large blocks of stock
and so enable the exchange to open
without a fear of a rush of sales under
the rule. There was very small busi-
ness in stocks. Prices were lower in
State cases, but as a few parties have
the matter in hand, very little depend
ence can be placed ON the quotations.
They are given for what they are worth
The following are the
LATEST PRICES FOR STOCKS
current among the crowd of miseella-
neous operators on the street: New
York Central and Hudson river railroad,
S7R bid, and SS asked; Erie, As bid and
49 asked; Lake Shore, IS bid, and 90
asked; Northwestern, 40 bid, and Al
asked; Rock Island, SO bid, and 81
asked; Pacific Mail, 20 bid, and 80
asked; st. Paul, 273 bid, and so asked
for do. preferred 55 was asked; Ohios,
253 bid, and 264 asked; Western Union,
55 bid, and 554 asked; Wabash, Al bid,
and 4l3 asked; Union Pacific, 1SI bid,
and 10 asked; Cincinnati, Columbus
and Indiana Central, 204 bid, and 81
asked; Harlem, los bid, and lO7 asked.