Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-07-08
HONEY 6ARKECT.
BY TELEGRAPH.
PARIS, July 7.-Rentes, G4f 74c.
NEW ORLEANS, July TODD, III.

PARIS, July 7.-Rentes, G4f. 73c.
NEW ORLEANS, July TODD, III.
Sight, premium. Sterling, 572.
LONDON, July THE rate for
money at the stock exchange on gov
eminent securities is q per cent. Con-
soils for money, SO 1916; on account,
SO 1916; United States 5-20s of 1865,
1868; do OF 1857, 1861; l0-40s, l044; new
81, 1888; New York Central, 80; Erie,
I2t; Erie preferred %.
NEW YORK, July 7.--Money easy
at 2923 per cent. Prime mercantile
paper, 34G95 per cent. Sterling steady
ct 4S6E@34S7 for sixty days, and 1870
400 for sight. Customs receipts, $751;
600. Gold opened at III. advanced 20
Il75, and closed weak at ll63. Garry
ing rates, 1924 per cent The assistant
treasurer discussed 1888, coo. CieariDgs,
S26 0O0, GOO The afternoon decline in
GOLD was based on the following dis
patch from Washington: "ScCretary
Br;stow claims the right, under the pro-
visiOns of the specie resumption act, 10
Increase the bonded debt 10 any amount
necessary to carry oU5 the requirements
OF that act" lie Gays he mas siresdy sold
five per cent. bonds in purchase Of sill
thus disposed OF will probably reach to
between ten snd eleven millions. The
treasury now holds between ten aud
eleven millions III silver bullion and sill
Yer coin, One million in silver bullion
were purchased on Saturday. Gov
eminent bonds were firm; coupons Of
1881, 1921 1862 il75; 1864, IlS3; 1855,
I22i 1855, new, 1903; 1867, 1919; 1865,
1919; new fives, lIss; l0-4Gs, 1lgi; cur
rency IS, 1921 State bonds were
quiet, except Tcnnessees, which are
better; Missouri IS, 100; old Tennes.
see, AZ: new Tennessee, IS; new Vir-
ginia, 81; old Virginia, 81; old North
Carolina, 203; new North Carolina, 10.
Railroad bonds quiet. Stocks were buoy
ant and highsr throughout the dsy, and
the highest quotations il some cases
were made ia final dealings. Western
Union was the leading fes;ure, rising
from 50 to Sls and closing st Sl8G8Sl3.
Pacific Mail was also conspicuous, and
advanced from 40! to AZ, closing at Al {.
The rise in this stock was based partly
on report that the company was about
closing negotiations for the sale of some
of its wooden side-wheel steamers. One
million three hundred thousand dollars
in gold was the amount that would place
the company in very easy financial
condition. Lake Shore advanced from
500 to 604, with last sales at COG. The
increased strength in Lake Shore is part
ly the result OF an advance in passenger
fares from the east to the west. The
other western shares were strong, North
western rising to 398 for common aud
50A for preferred; st. Paul, 34g for COM
mon and sly for preferred, and Rock
Island to 104 Union Pacific was firm,
and advanced to 75B, closing al 75!@754.
Ohio advanced to 23B, and Hannibal and
st. Joseph, common, to "A. Erie quiet
at I5(9l5t. During the afternoon there
was considerable activity in MaripOsa
stock. The general market closed strong,
with tendency to higher prices. Trans
actions at the stock exchange aggregated
IA 900 shares, of which 30, 600 were Pa
cific Mail, 46, 600 Western Union, 5000
Northwestern, and 5000 Lake Shore.
The closing quotations were:
Canton, so; Western Union Telegraph,
SlB; Quicksilver, IA; Adams express
company, 994; Wells & FargO's ex-
press company, 76; American express
So; United States express
43; Pacific Mail. 422; New
York Central, 1923; Erie, I5i; Erie pre-
ferrsd, 23s; Harlem, l3l; harlem pre-
ferrsd, 1871; Michigan Central, IS; Pitts
burg and Fort Wsyne, 9ls; North
western, $50; Northwestern preferred,
504; Rock Island, lC4; New Jersey
Central, ll07; st. Paul, 34!; St Paul pre-
ferred, SIT; Wabash, >; Wabash pre-
ferred, 10: Fort Wayne, 974; Terre
Haute, los; Terre Haute, preferred,
l17!; Chicago ssd Alton, 1921; Chicago
AMI Alton preferred, 1861; Ohio
and Mississippi, 233; Cleveland, Column
bus and Cincinnati, 40; Burlington
and Quincy, ll25; Lake Shore, est;
Chicago, Columbus and Indiana Cen
trsI, 81; Illinois Central, 1913; Atlantic !
and Pacific Telegraph, 224; Union
Pscific, 754; Central Pacific bonds,
1929; Union Pacific bonds, 1929; Della
ware and Lsckawsnns, 1lS.