Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-06-12
HONEY MARKETS..
ny TELEGRAPH.

PARIS, June 11.-Rentes, 64f. 95c.
NEW ORLEANS, June 11.-Gold,
1l64. Sight, ) premium. Sterling, $40.
LONDON, June II.-AmouDt Of bull
lion gone into bank on balance to-day,
SAC, 900. Consols for money, 939935; ON
account, 935@93t; United States 5-2Os
of 1865, 1859; 5-20s OF 1857, 1893; 10.40s,
l041; new 5s, 1921; New York Central,
81; Erie, l4i; Erie preferred, IS.
NEW YORK, June 1l.-Money easy
at 293 per cent. Prime mercantile pa
per in demand at 33C95 per cent. Ster-
ling firm, 4S7CG4S7} TOR so days and 49O
for sight. Import of dry goods for the
week, l,2S5, 290. Customs receipts,
S210, 900. Gold strong; opened al 116s
and closed at ll6B. Carrying rates,
lG92 per cent. Loans also made fiat and
at2 per cent. for borrowing. The assist
snt-treasurer disbursed S27S, 900. Clear
Jugs, S34, 100000. Estimated shipments
of specie tomorrow, s., Goo 600. Gov
eminent bonds steady; coupons of
1851, 1853; 1862, rs; 1864, l1S4; 1855,
1929; 1865, new, 1885; 1867, l25; 1868,
124!; new ftves, l174; l0-40s, 1l9; cur
rsncy Is, 1929, State bonds were
weak for Tennnessees, which declined
per cent; Missouri 6s, 1921; old Ten.
nessee, 5l!; new Tennessee, 513; new
Virginia, 81; old Virginia, 81;
old North Carolina, 20; new North
Carolina, II. Railroad bonds dull.
The stock market opened weak and IA
5per cent. lower than the closing quota
lions Of yesterday, but soon afteIward
became active and strong under the
leadership Of Lake Shore, and prices ad-
vanced i913 per cent. Later on there
was a decline Of t91 per cant, which
was followed by q grand rally and
general advance along the list Of from
TO 80 per cent, with the greatest ad-
vance in Lake Shore, closely followed
by Western Union, Pacific Mail and
North western common. The announce
ment that Mr.. Scott, president, and Mr..
Cassett, vice-president OF the Pennsyl-
vanis railroad, and Dir. King, vica-pres-
ident Of the Baltimore aud Ohio rosd,
were IN town by appointment, and that
a conference was about to be held with
Mr.. Jewett, president OF the Erie COM
pauy, as arbitrator, caused the
buOyancy. Late in the afternoon prices
dropped off OIL the statement that on
Monday next the Erie company will
reduce the fares between New York and
Rochester, Buffalo and Niagara Fails,
but just before the close the market rail-
lied and closed firm. The weakness at
tie opening, especially IA western stocks,
was due to S discussion arising and Of
reports about a reduction Of rates by the
Illinois railroad commissioners. There
Is hardly DOUBT that conference is
going on between the railroad magnets
to. day with view Of settling the diff
culties between the Baltimore and Ohio
and the Pennsylvania railroad cOmpa-
MES. transactions at the stock ex.
change, 2S5, 600 shares, Of which 81, GOO
were Pacific Mail, 81, 90 Western Union,
IA, 800 Northwestern, $500 st. Paul, 28,-
600 Erie, los, 600 Lake Shore, 5000 Onios,
700 Union Pacific. Closing quotations:
Canton, 81; Western Union Telegraph,
74i; Quicksilver, Isl; Adams express
company, 100; Wels & Faygo's
express company, 10; American express
company, 6Ss; United States express
company, A; Pacific Mail, 32g; New
York Central, 1887; Erie, l62; Erie
preferred, q; Harlem, 1874; Harlem pre-
ferre0, 1874; Michigan Central, "a; Pitts.
burg and Fort Wayne, SSf; North
western, 365; North western nrefsyret,
so; Rock Island, 1921; New Jersey
Central, l0S4; 1t. Pau, 3Ot; st. Paul ore.
ferred, So; Wabash, 81; Wabash prsPd.
l5i Fort Wayne, 9SE; .TerTe Haute,
o. TerTs Bsute, preferred, 20:
Chicago aRd Alton, l0ll; Chicago
and Alton preferred, l05; Ohio
and Mississippi, 23l Cleveland, Column