Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-12-04
MONEY MARKETS.
BY TELEGRAPH.

PARIS, December 3.-Rentes, G6C SIC.
NEW ORLEANS, December 3.-Goid, rs;
sight, "a discount; sterling commercial, 547(d
LONDON, December. S-The rate for money
In the open market for three months bills is
% per cent, being y per cent. below the
bank of England rate. Consols for money,
1876; on account, 9i]4i 5-2Os OF '65, lCS5s; do
1861, 1895; l0-40s, 1857; new 5s, l0ii New
York Central, SO; Erie, l41s; Erie preferred, 80
NEW YORK, December 3.-Money, sac per
cent Prime mercantile paper, 5%@S per cent.
Dry goods Imports, s., 447 GOO. Customs re-
buTsed SS43 900. Clearings 3l,0O0,000. Gold
opened atlI47E, declined 10 ll455 and closed at
ll454. Rates paid for carrying, 2 8, and per
cent. Government bonds quiet and firm cou.
pons OF 1881, l23R; do. lo65, ll6S 1865, new,
l2Oz do 1867, 1875; do 1858, l2a; new 5s, III
l0-40s, regular, III; coupons, ll7$s; currency
old, IS; Tennessee Is, new, ~; Virginia 6s
old, IS; Virginia os new, IS; Missouri Us, lO214
Railroad bonds quiet and firm; Fort Wayne
firsts sold at lis, Union Pacific sinking-funds,
$685., and Chicago and Northwestern con-
soiidaled coupon gold bonds, Si12. Stocks
strong and higher in early dealings, but SUD-
sequently reacted = TO ! per cent. During the
first part OF the last hour the market was
heavy and Union Pacific and Pacific Mail
were weak, the former selling down TO Is and
the latter to al. In the last hour the market
was strong unUer the lead of the Michigan
Central, which advanced TO 62R on demand TO
cover short sales recently made on Boston de-
velopments From this advance there was a
decline TO 6lL and later slight recovery. The
most active stocks, aside from the Michigan
Central in the last half hour were Lake Shore,
Pacific Mail, Union Pacific and the Western
Union Telegraph. Lake Shore advanced to
500, n Northwestern TO 391s, Western Union to
1915 Atlsntic and Pacific Telegraph to ls14
Pacific Mail declined 10 Al and closed az il1s
Union Pacific after selling down to IS adj
yRnced to 7g14 and closed at IS15S7S4. Other
changes were generally slight The October
earnings of the North western Uad settle up
s4S5O00 net; that is, after paying expenses, al
lowing for interest on bonds, and pro-rating
settlements with other lines. This is about
the largest net result of a single months busi-
ness ia the history OF the rOsd. The 81. Paul
road earned S20O,OO gross IN November, which
is ahead OF the same month last year. The
estimated gross receipts for November by the
Union Pacific are SSe0,0J0 or $4,000 ahead Of
reawaEening OF the MaTiposa fancy on reports
of a fiatJerfng tenor from the mines OF the
company. The stock began TO move yeSter-
day at 71zG5S; to-day the sales were large, and
ran up 10 l0% per cent. The transactions at
the stock exchange aggregated l0S,QO0 shares,
OF which 1900 were Pacific Mail, 1900 West
ern Union, 800 Northwestern, 2ooO st Paul,
500 Erie, 1900 Lake Shore, 2O.0Unlon Pacific,
5gg MaFiposs, and Leo Michigan Central.
The closing quotations were as follows (:
Western Union Telegraph, 7Jtz; Pacific Mail,
a: Adams Express company, l03; Wells &
Fargos Express company, oS1s; American Sx-
press company, 60; United states Express
company, 531a; New York Central, 1867; Erie,
10; Erie preferred, .; Harlem, lS5; Harlem
preferred, l32; Michigan Central, Ga Union
Pacific stock, IS; Lake Shore, 5y5S; Illinois
Central, 1914; Cleveland and Pittsburg. so;
North western, SO; Northwestern prefd, 6419s (;
Cleveland, Columbus, Cincinnati and Indian
aPolis j612; New Jersey Central, los; Rock
Island, IO5lz; St. Paul, Sc; st. Paul preferred
IS; Wabash, 81; wabash preferred, z; Fort
Wayne, 951z: TerTe HRute, 5: Terre Haute
preferred, 20]3; Chicago and Alton, 81; Chi
cago and Alton preferred, l05; Ohio and Mis-
sissIppi, III; Indiana CenuSl, ~; Chicago,
Burlington and quincy, ui1z; II snnibal and
81. Joseph, 2I4 Delaware and Lac;kawanna,
li915 IAilantic and Pacific Telegraph, l94
Ientral Pacific bonds, 1865; Union Pacific
bonds lf5.