Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-10-19
MEMPHIS TENN, THURSDAY OCTOBER 10. /

by Is between ll2z and ll3, alternately going
up and down. Every time the rate manifested
! downward tendency the shrteks would be-
come louder. The indicator continued 10
change almost with the rapidity OF lightning
After the rate had fallen below Il2.
no efort on the part of the bulls could get IL
when It was found nothing could rate beyond
lllH. since one O'Clock gold has settled to
war feeling has su6sided, but because the ex-
treme excitement IN the gold room was not
justified by anything that bad yet occurred ia
the markets on either side. Kumons news
agency furnished the following nve-o'clock
London dispatch; "AmeTtoan bonds unset
uea and Irregular. owing to war 1np r1mors S ocI
upon New York sales. New nves, 1856 with
sales at that figure; new funded four-and-a-
sad Ret s on sIee ana fOr on
eign exchange there was an advance OF q per
cent. in rates for sterling bills. In the stock
exchange United States bonds adyanced H9lH
per cent, and stocks OF all kinds advanced.
Amid the excited purchases rise rang
ing from TO "a per cent: was belng
interpreted 70 mean great activity In railroad
business and general trade. prominent
grain merchant, when questfoued by the re-
lsft ~ IN var ~ ~ ST
American breadstufs, replied that definite
predictions could be obtained only from mer-
chants who he'd been but short time in the
business; the older he grew the more ignorant
he became concerning the future. A tele-
graphic dispatch received at the produce ex-
change fLpm Chicago saJ that the people are
crazy over the excitement produced by the
sudden rise in wheat in that city. At the
was 81 10, and soon afterWard it adv advanced &c.
At eleven O'Clock in the forenoon to-day the
price was 81 l3; it then advanced TO 81 I65I;
6eoek 6sfs assne ass g. lie IL ana hmnaret is fsTersh s
excited, on account OF war runors, and espe-
cially OF decline in consols, which opened to-
day at LIS below yesterdays quotations. and
Suddenly went N lower. It is asserted that
the speculative element is making all the
changes. Coin shared the advance only s. ight-
ly; cotton went down l-32c.
war RumOrs in New York.
NEW YORK, October lS.-The Eventno Post
has the following: The wa like rumors from
Lne east, Win possioliity that tae european
troub e, had q mark ed effect on Wall street
and in the merchandise market this morn
excitement. In the gold room the scene has
been without parallel for years, Boistrous
and excited brokers bid for any amount at al
most any price, and purchases which opened
at ll01s, rapidly carried the price up to L3l !.
Yesterday morning gold opeoed at 1894, 80
tnat ina In tWS days & the price advanced y, @ iIdi
time has not occurred since the great panic of
1873. From ll31z there was fall to lIlH, and
prices has remained.
Chicago Entbused.
CHICAGO, October I8.-There was intense
excitement on change for a portion of the
day and the anxiety to learn the war news
from tee east increased continually until the
at the close last night, TO 81 IL, with very little
reaction; but from that point receded quickly
to 81 141z and huctuatsd violently until the
clo.e, when 1t WIS strong. Ranny q IngIes,
one OF the Oldest houses in the
grain business, who have always
done large Canadian business, failed to-day
Their liabilities are not yet known. Tne busi-
ness transacted To-Day has been the heaviest
for long time, perhaps since the Franco
Prussian wsr. II is stafcd by &C ID judges that
the transactions for November option alone,
were tWerty million bushels. Cash wheat is
at present held 10 strong hands, and is vir-
tually cornered here, though prices maintain
their proportion. The developments of the
coming week are anxiously awaited.
France Will Stand on.
PARIS, October IS.-An the evening papers |
declare that II the peace of Europe is dis
turbed France will vigorously observe policy
OF abstention.
The British Fleet Kept tn Hand.
HALIFAX, October Is. The British fleet
has been ordered to remain until further or.
ders, instead OF proceeding 10 the West Indies |
for the winter as usual,