Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-29
MONEY MARKETS.
BY TELEGRAPH.

PARIS, October 2S.-Rentes, 65f. Csc.
EWORLEANS, October 23.- Gold,
1863; sight, / discount; sterling com.
mercial, 5462; bank, 556.
LONDON, October 2S.-The rate Of
discount in The open market for three
NOR tbs bills is 81 per cent, being per
cent below the Bank OF England rate
Consols for money "a 8 IS; on account,
945 5-205 Of 1865, 1881; 5-20s o. 1857,
1851; l0-40s, 1043; new tiYes, l034; New
York Central, 80; Erie, l62; Erie pre-
feTred, 30.
NEW YORK, October 2S-MOney,
easy at 3Gy4 per cent Prime mercan-
tile paper, 6ld]7 per cent. Customs re-
ceipts, S244, coo. The assistant treas
urer discussed 1896, 900. Clearings, $751;
0OO, COO Gold advanced from 1861 10
116E, fell off to 1861, and closed at ll6l.
Rates for borrowing were 8 "a, l-l6, 3 "a,
3 80 /, 1872 and 1-64 per cent Loans
were also made fiat, snd at 3l94 per cent.
for carrying. The increas ed dearness Of
cash geld to-day was attributed in some
quarters to the gold transferred by the
syndicate to the treasury in settlement
of called bonds. Foreign exchange was
heavy in consequence OF the squeeze in
cash gold. Government bonds Ia active
demand and higher, owing 10 the i'm
prOvement at London and the rise Of
gold here; coupons Of 1881, 1913; 1854
ll94; 1865, 100; 1865, new, ll9s; 1867,
1911; 1868, 1917; new IS, ll73; 10-4Os,
regular, ll6; 10 40s, coupons, 117l; cur
rency SIS, 1884. State secures were
dul; Tennessee Ga, old, 4S3; Tennes-
see Sc, new, AZ; Virginia 6s, old, 394;
Virginia IS, new, 40; Missouri IS, J0I5
The stock market opened firm aud aG-
vanced, but aiterWard reacted, and
again improved. The leading feature
was Lake Shore, which advanced 10
GA, fell off to sos, recovered to 6l3, and
reacted to 603. Pacific Mail was next in
point Of interest, and advanced from
4O4 to Az, with a subsequent reaction To
4Os Northwestern fell off from 37i TO
36s; Western Union, from 76g to 754;
Michigan Central, from 624 10 81 81.
Paul, from 81 to "a; Hannibal and st
ice, from 20s to 1873; and Erie, from les
to ia. Union Pacific was firm, and al
vanced from 658 to $50. AT the second
board the general market was steady;
stocks in some cases were lower at the
close, with the principal activity in
Western Union, Lake Shore, Pacific
Mail and Northwestern Western
Union ard Lake Shore were the weak
spots OF the market, while Pacific Msii,
Union Pacific, Atlantic and Pacific
TEX graph, and Michigan Central were
firm. Western Union declined to 49,,
and Lake Shore to CO.,. The
decline in Lake Shore Was geuer-
ally Gscribed ID the realization by
one OF tue balls. Pacific Mail recovered
from 40s 20 40E. The talk about an OPP
position hes had the effect of increasing
the short interest in stock, and hence
the strength manifested to-day. Union
Pacific sold at 654@66, and was steadier
than Of late. Michigan Certyal rallied
from 6l3 10 62i, aud closed at 62!I 81.
Northwe tern fell of tc 363, and Erie u
l7g, the latter being Influenced 10y the
London quotations. Atlantic and Pa
c.tic tele graph advanced from ISL 20 10,
on increased business; the strength ia
this stock and weakness in Western
Union gave rise to some rdmOrs about
telegraph movements. The other changes
were less important. Transactions a
the stock exchange Aggregated 226, 600
shaTes, Of which AZ goo we're Pacific
Mai, $1,000 Western Union, l000j
Northwestern common, - 0CO Erie, $500
81. Paul common, 70 900 Lake
Shore, 1000 Ohics, $500 Union
Pacific, and 700 Missouri Pa
cific. TIE closing quoisuols were:
Western Union Telegraph, 555; Pacific
Mail, 40s; Adams Express company,