Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-07-30
MONEY NABEETs.
RY-TELEGEAPH.


PARIS, july 29.-Rentes, 65G 49,.
NEW ORLEANS, July 29-Gold,
1924. Sight, I premium. SteE!:ng en-
tirely nominal.
LONDON, July 29.-The directors Of
the Bank of England to-day fixed the
midsummer rate % discount at = per
cent. The rate of discount in the open
market for three months bills il 2 per
cent, or z below the Bank Of England
rate. The amount OF bullion in the
Bank Of England has increased G27S,OOO
during the week. The proportion OF
the Bank Of England reserve to Iia-
bility, which last week was 498 per cent,
is now 81 per cent. The amount OF bu:-
lion gone into the Bank Of England
on BALANCE to. day is els, 900. The specie
in the Bank Of France has increased
2I3C00 francs during the week. Consols
for money and account, "a ll-l6; 5-ZOs OF
1865, 1O7t; do. 1867, 1881; 10 4Os, 1861;
new fives, l04s. New York Central, 80;
Erie, l3l; Erie preferred, 263.
NEW YORK, July 29.-Ths money
market is easy at 1908 per cent. Prime
mercantile paper, 32fg5 per cent. Gus
toms receipts, S79 OOO. The assistant
treasurer dis bursed Sl0l, coo. Clearings,
S54. 600 600. No. 4, 1862, hOnis have
been called in, and will tie 10 mole
quoted. Gold declined from 1929 to
iI2s, closing at 1923 Borrowing rates
/, G)1.64. with few loans fiat. Gov
ernments firm; coupons Of 1881, l23;
1864, 116; 1865, ll93; new, 1855
1867, l20t; 1868, 100; new fves, ll65;
l0-40s, regular, ll63; 10 4Os, coupons,
III; currency 6s, l22. State bonds quiet;
Tennessee 69, old, 50; Tennessees,
new, 49,; Virginia IS, old, So; Virginia
6s, new, SO; Missouri 6s, 1914.
Railroad bonds strong. Dealings on
stock exchange were attended with 3
further increase OF confidence, and in
final sales there was great buoyancy
and activity in some OF the leading
stocks. The most prominent feature of
the market was Western Union, which
advanced rapidly to Say, fell back to
$50, and closed firm at $50. Other trans
actions IN stock were very large, and all
ended with much excitement and ami
nation. The upward movement was
stimulated by the rumOr that the West
eFn Union had leased the Atlantic and
Pacific Telegraph lines for a long term
of years, and guaranteed seven per cent.
on capital, on the basis OF twenty for
stock. The Atlantic and Pacific stock
is ten million dollars, and at twenty
guarantee would be on two million dol
lars. There was another report sfiOat
thst the steamer Farrady had failed to
find a flaw in the direct cable, and had
sailed for England. Pacific Mail was
also active and higher. Panama sold
as high as 13l, closed at 1872 bid, with
ont offerings under 1874. Northwestern
advanced to 40s, and st. Paul to BOT,
closing about the highest point. There
was improved demand for investment
shares at full prices. General market
closed strong, and with upward tenden-
cy. Transactions on stock exchange,
Isl 600 shares, of which 1900 were
Pacific Null, 81, coo Western Union, TO-
GOO Northwestern, 5000 st. Paul, q coo,
Lake shore, and Is, 900 OhiOs. Clos
ing quotations were: Western Union
Telegraph, $50; Pacific Mail, 3S5i Adams
express company, 100; Wells q FsrgO's
express company, 81; American eX-
press company, 81; United States ex-
press company, 43; New York Cens
trail, 1881; Erie, lat; Erie preferred,
20; Harlem, 1873; Harlem preferred,
1872; Michigan Central, "a; Union Pa
cific stock, 70; Lake Shore, 81; Illinois
Central, 971; Cleveland and Pitts5urg,
GIT; Northwestern, 404; Northwestern
preferred, SAT; Chicago, Columbus and
Indiana Central, A; New Jersey Cen
trail, 1888; Rock Island, los; st. Paul,
SGT; st. Paul preferred, SO; Wabash,
s; Wabash preferred, "a; Fort Wayne,
97E; Terre Haute, AZ; Terre Haute pre-
ferred, Is; Chicago and Alton, So; Chi
cago and Alton preferred, Z; Ohio and
Mississippi, 213; Indiana Central, Al;
Chicago, Burlington and Quincy, l4t;
Hannibal and st. Joseph, 243; Delaware
and Lsckawanns. 19t; Atlantic and Pa
cific Telegraph, 2)3; Central Pacific
bonds, 1901; Union Pacific bonds, 1908.