Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-12-02
MONEY MARKET.
BY TELEGRAPH.


PARIS, December I.-Rentes, 62E
15c.
NEW ORLEANS, December l.
Gold, 1l2; sight, B94 discount; ster-
ling, 5423.
LONDON, Decem Der 1.-The rate for
money at the stock exchange on govern
ment securities is 5 per cent. The rate Of
discount in the open market for three
months bills is s. per cent, which is &
below the Bank Of England rate. The
amount of bullion Withdrawn from the
bank on balance to-day is $1,000. Con-
soils for money and account, $685.,
eX-inteTest. United States 5-20s OF 1865,
l063; do. 1867, 1885,; 10 40s, 1913; New
York Cenrali 81; Erie, 3; Erie pre-
ferred. 80.
WASHINGTON, December 1.-The
following is the public debt statement;
Six per cent. bonds, 81 4, l67, 81 700; i've
per cent. bonds, 1852, 525, 200; total coin
bonds, 81 us, 799, 800; lawful money
debt, Sl4,67S, 0OJ; matured debt, SIS,
446, go; legal tenders, S3S2, J75, 2b7; GER
tificates Of deposit, S87, l20 900; fraction
al currency, 81 1855, sos; coin certificates,
Sd, 045, 400; total without interest, $780,
625, 365; total debt, -, 252, $50, 296; tai
interest, S33, 25l, III; cash in the treas
ury-coin, SS3 043, 1872; currency SlG,-
693, 81; special deposits held fOrredemD-
ton of certificates Of deposit, 81, l20,-
600; total in the treasury, SAG, sos, O73;
debt, less cash in the treasury, S2,13S,-
93S, 334; decrease during month Of No
vembeT, Sl23, 427; decrease since June
80, 1874, "a, l49 ,907; bonds issued TO Pa
cific railway companies, interest paya-
BILE in lawful mOuey-priEcipa out
standing, S64 So, 5l2; interest accrued
and not yet paid, 81 ,6I5, 5S7; interest
paid by United States, S24, 325, 1856; in
terest paid by transportation Of mails,
etc, s., SIC, GA; balance Of interest paid
by the United States, Sls,Sl5,35
NEW YORK, December Money
was active and in good demand st 3a@)5
per cent; late dealings were 4@a5 per
cent. for call loans; prime mercantile
paper was e shade higher in anticipation
Of a generally higher market, 5dS per
cent, for approved doubled-named and
5l3l0 per cent. for single-Damed paper,
Sterling was dull throughout the day
and at the close weak; 4S34@485 Tor
sixty days and 4694G490 for demand.
Produce expOrts, $4,000 Custom
receipts, S377, 600. Specie shipments,
100000. Gold fell of from 1923 10 III 3,
one Of the recent pools having, il is said,
unlOaded at IL. Carrying rates, per
cent; borrowing, per cent. and fiat.
Clearings, S45, 600 900. Treasury dis
buIsments, SCI, 900. Government bonds
opened strong and higher In some in
stances, and closed strong. The closing
quotations were: Coupons of 1881,
100; 1862, l123; 1864, ll44; 1865, l16s;
| 1865, new, ll65; 1867, 49,; 1868, ll9s;
new 81, ll35; l0-40s, ia; currency Is,
/ ll64, eX-interest. State bonds quiet and
nominal; Missouri 6s, 96s; old Tennes-
see, IS; new Tennessee, IS; new Viz
/ ginia, 80; old Virginia, IS; Old North
Carolina, q; new North Carolina. II.
Railroad bonds were active and strong.
/ The leading feature was an advance of
/ }631 per cent. in Pacific Mail issues. A
/ heavy business was done ia Union Pa
cific firsts and sinking funds, the former
selling at 92z and the latter al 81.
/ Stocks were more active than for some
time. Speculative stocks opened at
/ 564 above the closing quotations Of yes
1 terday with the exception Of Erie, which
was : per cent. lower in consequence OF
an order granted restraining the COM
pany from paying interest; late in the
| day the stock became strong and active
on announcement that the supreme
court had dissolved the injunction grant
ed Yesterday. The market continued
strong, with Northwestern and Union
I Pacific as the features, until an advance
Of AIGls per cent. occurred after which
there was 3 general falling Off followed