Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-12-05
MONEY MARKET.
BY TELEGRAPH.


PARIS, December 4.--Rentes, s7f
soc.
NEW ORLEANS, December A.
Gold, ms sight, l@s discount; ster.
ling, $50.
LONDON, December 4 The rate Of
discount in the open market for three
months bills is 7-l6 per cent, or Gle
per cent below the bank Of England
rate. COnsols for money, 9lsa9ll; on
account, 90. United States 5-20s of 1865,
1861; do. 1867, 1093; 10 40s, l04l; new
SIS, l03; New York Cenral a.; Erie, pa
OBS; Erie preferred. IS.
NEW YORK, December 4.-Money
was loaned at Sl(a55 per cent, and closed
at 4 per cent; prime mercantile paper
was unchanged, although the tendency
Vas toward higher rate. Sterling ex-
change was dull at 4Si3tG 4S5 for sixty
days, and 4S94&490 for sight. Imports
Of dry goods for the week, 81 ,273, sos.
Customs receipts, S3S5, 900. Gold opened
at li2s, and closed at lllA, the two ex-
tremeslOf the day. Borrowing rates, ], ,,
aud finally LEA per cent; loans were
slso made fiat; the decline was caused
by a gain of bullion by the Bank Of Eng
land, and considerable sales Of long gold.
Treasury disbursements, $685., 900. Clear
ings, S3l 600, 600. Specie engagements
ior tomorrow, 81, 900, 0G0. Government
bonds were slightly lower, in sympathy
with gold; coupons OF 1881, 100; 1862,
l13; 1864, ll4z; 1865, ll6l; 1866, new,
llSs; 1867, 1873; 1865, 1875 new IS, 1923;
10 40s, ia; currency Us, ll64 State bonds
quiet, except Tennessees, which were
better; Missouri 6s, 1873; old Tennessee,
Is; new Tennessee, a.; new Virginia,
IS: old Virginia, IS; Old North Caro-
lima, -; new Moth Carolina. l2l
Railroad bonds were active aud strODg.
Stocks opened firm, with an advance Of
Hal per cent. over the closing quota
lions Of yesterday. As the morning adj
vanead ! decline all round took place of
5G1 per cent, after which the market
became active and strong, and an adj
vance Of 4(Gg per cent. occurred. Dur
ing the afternoon general hammer
ing" took place, with Pacific Mail
rs the point OF attack, large blocks of
which were thrown on the market, and
prices went Off from 44l to AZ, the low
est price being touched at the close. The
decline in other sctive shares ranged
from J to per cent. The quarrel be- |
tween the directors Of the Pacific Mail |
was the chief cause Of the decline in that |
stock. 1t Is thought that Rufus Hatch |
will be elected president Of the company |
IN place Of Russell Sage. Sales to-day |
aggregated l75 600 shares, OF which AZ
300 were Pacific Mail, Il 900 Western |
Union, 10000 Northwestern common, |
5000 Rock Island, 10000 St. Paul COM
mon, 5000 Erie, y, 900 Lake Shore, 5000 !
Ohios, j $50 Wabash, and ll,000 Union /
aad Pacific. Closing quotations were:
Canton, 50, Western Union Tel |
egFaph, So; Quicksilver, 333; Adams |
express company, ll3; Wells d Fargo's |
express company, So; American ex-
press company, %; United States ex-
press company, So; Pacific Mail, 4Il; !
New York Central, I0l J; Erie, "a Erie, |
43, Harlem, 100; Harlem !
l25; Michigan Central, 49,; |
and Fort Wayne, SSt; North |
western, So; Northeastern preferred, |
81; Rock Island, l0I4; New jersey
Central. 1914; st. Paul, IS; st Paul pre- |
feTred, So; Wabash, 3ls; Wabash pre-
ferred, 50: Fort Wayne, 95l; TerTe
Haute, I0Sl ; Terre Haute, preferred, l26;
azd Alton, l0l4 Chicago and
Alton preferred, l054; Ohio aud Missis-
sippi, 32E; Cleveland, Columbus and
50; Burlington and Quincy,
l04l }; Lake Shore, 500; Chicago, Col
umbus and Indiana Central. 10; Illi-
BOis Central, 96l; Union Pacific, $50
Central Pacific bonds, 96{; Union Pa
ciic bonds, So; Delaware and Lacka-
wanna, l07s.