Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-23
MONEY MARKETS,
BY TELEGRAPH,


NEWORLEANS, October %. Gold,
ll54; sight ! discount; sterling, bank,
nominal.
LONDON, October 22-The raUe fol
money at the stock exchange on gov
eminent securities is z per csnt. The
rate for money in the open market for
three months bills is 81 per ceat., or
per cent. below the Bank Of England
rate. CoDs)ls for money and on ac-
count, SO 5-l6; 5-20s OF 1865, 1881; sos
OF S67, 1919; l0-40s, l044; new fives, 1924
New York Central, go; Erie, 15g; Erie
preferred, SO.
NEW YORK, October 22.-The mo-
ney. market is easy at 304 per cent.
Prime mercantile paper, 6(17 per cent.
Dry goods imports, Si,4l9,OCO. Gus
toms receipts, $4,000 The assist
ant treasurer disbursed 1888 00O Clear
ings, S43, 900, 0C0. Gold opened at Il65,
declined TO lI54, and closed at Il5k Boz
rowing rates, 3-64 1872 and I-64 per
cent. per diem, and pr cent. per an
mum; loans also made fiat. Government
bonds quiet; coupons Of 1881, 1921;
1854, llS4; 1865, ll9; 1865, new, lIS5;
1867, l193; 1868, 1904; new IS, 1861; 10.
40s, regular, 1l53; 10 4Os, coupons, I16E;
currency IS, 1879. State bonds quiet;
Tennessee s., old, Az; Tennessee IS,
new, act; Virginia IS, old, 39h Vir-
ginia 65, new, 40; Missouri So, 1914
Railroad bonds generally firm. In late
dealings the principal business was in
Pacific issues, which sold at IO2 for
Union firsts, $50 for land grants, 1861 for
OentIals and 92f for land grants. Mich
igGn Central rs brought 104 and Rock
Island Is 100. Toledo and Wabash firsts
declined from Sl4 to 500. The stock
market opened scIiVe and excited, with
further improvement in prices, the ad-
vance being very marked IN some cases,
as on yesterday. Lake Shore led the
market, advancing from 594 to 618
Pacific Mail came next, rising rom 39s
70 4ls, on large transactions Western
Union rose from ISL 10 III; New jersey
Central from lO4@ tu 1O6; North western
from IS to 375 preferred from 81 to 50;
81. Paul from 33E to 35!, second Fl. "a
63E to 639; Michigan Central from 594
to 80, ana Ohio from l6s TO III. Alter
noon there was 8 Iesction - I to l per
cent. from the highest point, but TINS
Was sf erwsrd partially recovered Rock
Island advanced to l035; Hannibal and
ST joseph to lSk, aDd the preferIei
20 221; Illinois Central declined
from 80 to 30, and Union Pacific from IS
10 66t with a subsequent recovery to
663 missouri Pacific FILL off to 100; At
labtic aCd Psc,fi preferred declined to
AZ, with la.er advance. At the second
call some stocks were st The highest
figures. while Others showed Teac!io
Of I 70 l per cent. The Improvement
ON the stock exchange made further
progress during the afternoon, and the
hgltst prices If the day in some cases
were made. During the last hour OF
business Pacific Mail vas the most
prominent stock, and closed at 4I4(G4ls.
Mr.. Scott, e-president, leaves for Eu-
rope tomorrow, and the directors held
a meeting to-day. a statement Of tbs
hns ncial condition, earnings, ETC., of
the company was submitted. 1t was re-
ported to be a favorable exhibit, and the
net earnings for the time embraced in
the statement were understood to be on
a Dz5is OF two million dollSrs per an.
mum. A cable dispst 10 from China
states that the japanese company has
paid the first instalment on the account
Of the steamers purchased from the Pa
cIfic Mail company. Lake Shore was
sgsin actively dealt iG, closing 81 81;
Western Union advanced to ia and
closed at T7}; Northwestern rose to S73;
prefe. red to 50; st. Paul to 55s, prefer.
red ID 62t; Ohios to l7y; Erie TO 1T
and New jersey Central to l06,
with very little reaction. At
the close Union Pacific declined
10 66t; Missouri Pacific 20 81 and
Illinois Central 10 So Ihe weakness in
this stock was because % tie Washing
ton dispatches saying that the commits
siOuer OF internal revenue decides tia!
the revenue derived by the company
from interest on notes reserved in pay
ment FOR subsidy ialds is liable 20 tax
during the years that dividends were
taxable. Tie general upESTd move
ment to-day hAd 3 more sold sppear,
snce than any previous dsy, aDd the
opinion is becoming general that il is
becoming better in response II tue inI-
proving look of the outside situation.
Transactions at the stock exchange az
gregatsd 35l 600 shares, OF which III 600
were PS life Mail, IS, 600 Western
Union, II GOO Northwestern common,
ll,OCO st Paul common, 81 900 Erie,
1900 Lake Shore, $500 OGiOs. 5000
UAion Pacific, and 5000 Missouri Pacific.
The closing quotations were: West
eTn Union Telegraph, 15E; Pacific