Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-06-24
MONEY MARKETS.
BY TELEGRAPH,

PARIS, June 23.-Rentes, 64E 324c.
FRANKFORT, June 23.-5-2Os of
1862, $50.
NEW ORLEANS, June 23.-Gold,
1I7t. Sight, & premium. Sterling, 572
@5723.
LONDON, June 23.-The amount of
bullion gone into the bank Of England
on balance to-day, ESQ, 900. Consols for
money, 93s; on account, SO 7-l6;
United States 5-2Os of 1865, 1861; 5-20s of
1857, 1864; 10-40s, 1914; new So, 1884
New York Central, SO; Erie, 1l3; Erie
preferred o.
NEW YORK, June 23.-Money easy
at 2C93 per cent, and closing at the lower
figure. Prime mercantile paper, 3A@5
per cent. Sterling steady for sixty. days
at 4S6I@4S63, and strong for sight at 4S93
(G,490. Customs receipts Sl32, coo. Gold
opened at 1I71, and closed at liza. Bor-
rowing rates and carrying rates, 1@2
per cent. Loans were also made
fiat. The assistant treasurer dis.
bursei $4,000. Clearings $50, 000,-
600. Government bonds were firm;
coupons OF 1881, 1875; Dos of 1862, us;
1864, llSg 1865, 1929; 1866, new, 1235; 1857,
l25!; coupons Of 1858, 124!; new fives,
u.s.; IO-4Os, 1l9B; currency IS, 1921.
States bonds were quiet and strong;
Missouri IS, les; old Tennessee, AZ;
new Tennessee, 46i; new Virginia,
37I; old Virginia, 50; old North Caro-
lima, 20; new North Carolina, IL.
Railroad bonds firm. Tue stock market
strong and higher-advance ranging
from } to q per cent-Pacific Mail the
leading feature, opening at 81, declining
to 36s, and later rising to 39s. Transsc-
tions in this stock were large, and at
tended with considerable summation.
Lake Shore rose from 60s to 81 !; West
ern Union from 72g to 49,; ST. Paul
rom 324 10 80; North western from 37B TO
81, ana Union Pacific from 73f to "A
At the second call the market was
strong at the highest point. The Pacific
Mail steamship directors this morning
authorized their London agent to sign
contract with the colonial government
OF Australia fer mail service between
San Francisco and Australia. The Pa
eific Mail company will receive about
SCI, 900 per annum for the service, a
large portion OF which will be net profit
to the company. The strength in Pa
cific Mail il due to the above statement,
and the publication of the fact that the
earnings OF the company under the new
management have largely increased,
showing gain Of 80 per cent. for 1874.
Stocks were strong and higher in
closing dealings, with buoysnt feeling
in some shares. Pacific Mail led the
market both in point OF activity and
buoyancy, rising to 800. Stock was
scarce for delivery to-day, and as high
as I-32 paid for the use Of it. Lake Shore
was very strong, and closed at the high
est p pint of the day. New York Gen.
tral advanced to los, an Improvement of
/ per cent. over the opening price.
URIOn Pacific rose to "A, and closed at q
slight reaction. Western Union sd
vanced to "A; St Paul to 80; Northwest
ern to 964, and Erie TO 49,. Rock Island
sold at l03 against 1929 at the close yes
terday. Chicago, Columbus and In
diana Central advanced from to Al.
Investment shares were strong. Trans
actions at the stock exchange were 2l3,.
900 shares, Of which $4,000 were West
ern Union, 1000 Northwestern, $500
Erie, and 5000 Lake Shore. The
closing quotations were as follows:
Canton, 624; Western Union Telegraph,
73s; Quicksilver, lot; Adams express
company, 99i; Wells & Fargo's ex-
press company, IS; American express
company, So; United States express
company, 45; Pacific Mail, S9s: New
York Central, 1929; Erie, 49,; Erie
preferred, 20s; Harlem, 1870; Harlem pre-
ferTed, 1872; Michigan Central, 661; Pitts
burg and Fort Wayne, 9O1; North
western, 3Si; Northwestern preferred,