Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-28
MONEY MARKETS.
BY TELEGRAPH.

ANS OClOUcL -fs--AsCItcSJ ODAs stC'
FRANKFORT, October 27.-Unitad
States new tives, 80.
NEWORLEANS October 27.-Gold,
II6; sight, discount; sterling COM
mercial, 5452G5462.
LONDON, October 27.-The rate of
discount in lhs open market for three
months bills is 34G33 per cent, or sG4
below the Bank o. England rate Iae
rate for money at tle stock exchange on
government securities is II per cent.
C0nsols for money and account, 81 1l-l6.
5-2Os Of 1865, 1888; 5.20s of 1857, 1919 /;
l0-40s, 1043; new tives, l034; New YOgk
Central, 80; Erie, l5i; Erie preferred, 3l3.
NEW YORK, October 27.-M0uey,
per, 6t37 per cent. Customs receipts,
bursed SAL 900. Clearings, S47, 900, Geo.
Gold advanced from ll53 TO ll6s, rs-
acted to 1l53, and closed at ll6. Rates
for Borrowing were ] "a and 1872 per day,
and 3, Z, s aud per cent per snnum.
The increased firmnesg in the market
TO day was due to the belief among the
bulls that the stringeuCy Of money a.
San Francisco and toe fire at Virginia
City would check the shipment OF gold
from the Pacific coast to this point,
although some affected to see some pur-
chases on account OF the syndicate to-
morrow. The syndicate have to settle
with the treasury for Sl4, So, 200 Of 1882,
being the remaining balance Of that
issue. It is understood that about 50, e
sos, 900 in gold Will be used in this s5t-
tleInent. Government bonds were
strong and higher to-day, with an in
creased demand from Institutions and
individual investt rs. The supply in the
hands Of dealers is very small, and the
market has rising tendency; coupons
of 1881, 1929 1864, lI9; 1865, ll9B; 1850,
new, 1874; 1867, 1903; 1865, 12l4; new
5s, III; 10 40s, regular, ll6; 10 4Os, cOu-
pons, III; currency IS, 1874. State bonds
nominal, except Tenne55ees, which are
better; Tennessee 6s, old, As; Tennes-
zee 81, new, 46l; Virginia 6s, old, 393;
Virginia 81, new, 40; Missouri IS, 1913
The stock market opened strong and
higher on an increased volume OF busi-
ness Lake Shore was the leading feat
ure, advancing ffom 500 to 6ls, Western
Union rose from 76s to 775, Northwest
ern from 37} to $751; ST. Pau, from 343 tn
S4E, Ohios from l6s to l7g Erie from l7B
to iS5 Pacific Mall from 404 to Al auG
Michigan Central from 624 to So. Han
initial and st. Joseph declined to 20 and
Missouri Psc'fic to St. UaiOn Pac'tlc 'e'
off from 66t to 65i, and the latter recOv'
cred to 654 At the second cell prices
showed . react ca of ! to per cent.
from the highest point OF the Gay.
At the closing questions of yesterday
prices showed an advance OF to Is per
cent. in some cases, the greatest I'M
provement being in Lake 5hCre snd
Erie; the former closed at 624, after sell
ing at 60s and 625; and the latter at ls5,
after selling at l75 and liz. Pacific
Mail reacted to 403, and closed at 453;
Western Union fell elf to 764, and rallied
ct 76s9763; Union Pacific gold at GOT,
but closed n 654 to 65f; Northwestern
was steady at 37i, Rock Island st 1913
Michigan Central st 624, Delaware
Laekswsna and Western at llS4, and
New Jersey Central at 1851; OhiOs fell
off to lles, and finally recovered to ll63
The Teceipts Of the rock Island road are
increasing about $50, 600 per WesK. The
beans made stubborn resistance to the
rjsing tendency of the market to-day
but tueir efforts were not rewarded. A
a general thing there is still large
amount Of shOrt-iDteT5st outstanding Il
ire Pacific Mail, LAKE Shore and o,hei
leading shares. Transactions at the
stock exchange were 22S 900, Of which
so 900 were Pacific Mail, 1000 Western
Union, 6OO0 Northwestern common, AZ. :
coo Erie, 81 900 Lake Shore, 1900 Ohtos
$500 Union Pacific, and $500 Missouri Pa
cifie. The closing quotations were:
Western Union Telegraph, 72s; Pacific
Mail, 40s; Adams Express company,
lOl; Wells d FaTg5's Express CON-
pany, IS; American Express company
571: United States Express company
"A; New York Central, l045 Erie, ISL
Erie preferred, So; Harlem, 1871; Her
lem preferred. 100; Michigan Central
! 81; Union Pacific STOCK, 65s; Lake
ShoIe 62t; Illinois Central, "a; Pitts
burg, 80; Northwestern, 37s; North
western preferred, 5l5; Cleveland ane
| Columbus, 5i3; New jersey, lO6; Rocf
Islaud, 1885; st. Paul 34t; 81. Pau
preferred, 62!; Wabash, A; Wabash
preferred, Z. Fort Wayne, ct; TeTT'
Haute, 5; Terre Haute preferred, 2J3
| Chic ago and Alton "a; Chicago auC
| Alton preferred, 1924; Ohio aud Missis
sippi, l63; Indiana Central, Il; Chicago
| Burlington and Quincy, lll3; Haunt
bal and st. Joseph, 49,; Delaware ant
| LsckGwanna, llS4; Atlantic and Paciti'
| Telegraph, II; Central Pacific bonds
| lO4I; Union Pacific bonds, 1927,
/