Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-03-11
MONEY MARKETS.
BY TELEGRAPH.

PARIS, March 10.-Rentes, 67f. size.
NEW ORLEANS, March 1O.-Gold,
ll4s; sight, premium; sterling, bank,
557(95574.
LONDON, March 10.-Consols for
money, "a l-16; on account, "a 5-16; 5.205
Of 1865, los; 5-20s OF 1857, 1919; 10 40s,
los; new fives, 1853; New York Central,
lO4; Erie, l54; Erie preferred, %.
NEW YORK, March 1O.-Money easy
| at 2934 per cent. Prime mercantile pa
per, HOST per cent Dry goods i'm
pcrle, S2,792, 600. Customs receipts,
S253, 900. Fhe assistant treasurer dis
bursed 1851, 900. Clearings, So, 600, 600.
Gold opened at ll43, declined to 1143,
and closed'a 1l4s. Carrying rates were
to 81 per cent. Loans were also made
fat. Government bonds We're strong;
do. 1855, new, 1194; do. 1887, 1914; do.
lar, ll8B; coupons, 1883; currency
IS, 1888. Stste securities were dull;
Tennessee IS, old, AZ; Tennessee
IS, new, 40i; Virginia, old, "a; Vir-
ginia, new, 35; Missouri IS, 1854
railroad bonds quiet and firm. STICKS
opened weak aud prices declined s@s
per cent. in the general list Pacific Mail,
however, was heavily pressed for sale,
and broke from 22s to 204j Lake Shore
declined to Sag regular, and So seller at
sixty days; EIDE fell off to l7k, Ohios to
203, Western Union to 673. Toward
noon finer feeling set in and prices
made general advance, Pacific Mail
rising TO 21{, Western Union to $50,
Lake Shore to 653, Northwestern COM
mon to 433 Efie to 1873, Rock Island to
Ill, st. Paul 46, preferred to 500, Ohios
21t, and Michigan Central to "a; Union
Pacific ranged between 67396Sk; Amer
lean district telegraph advanced to 253@
26. At the close the market was gen
orally strong and higher, with Erie
aud western shares as the features.
Erie advanced to 20f, on increased
dealings, the late advance being
based on q report OF a probable
compromise between the English bond
holders and American stockholders, and
also the conclusion of an arrangement
between the Delaware, Lackawanna
and Western company whereby third
rail was to be laid on the Erie road from
Waverly westward, go that coal could
be transported in narrow-gauge care.
Lake Shore advanced to 65s, New York
Central to 1867, Northwestern common
to 433, preferred to 653, st. Paul COM
mon to A, preferred to Sl$, Ohios to 2l4,
Union Pacific to IS, Yves ern Union 10
$50, Pittsburg to So and American dis
trict telegraph to %. Pacific Mail re-
covered to 2lt, and afterward reacted to
2Os, at which it closed. Cleveland,
Columbus, Cincinnati and Indianapolis
declined to 53B; Rock Island receded
from Ill to lI03; Michigan Central,
from GA to $50, and New jersey Central
from 1914 to 1861. The advance in st.
Paul shares was based on the large and
increasing earnings officially reported TO
the stock exchange and prospects Of an
esrly dividend on preferred. Transac-
tons aggres ated 2l7, 900 shares, of which
Al 900 were Pacific Mail 81, 600 Western
Union, 1000 st. Pauls, 81, 600 Erie, 81, 900
Lake Shore and 1000 Michigan Central.
The following are the closing quotations:
Western Union telegraph, 500; Pa
cific Mail, 204; Adams Express compa-
ny, 105: Wells & Fargo's Express COM
pany, 81; American Express COM
pany, 63I; United States Express compa-
ny, 73t; New York Central, 1851; Erie,
ISL; Erie preferred, 35; Harlem, 143: Hsr-
lem preferred, J34; Michigan Central,
633; Union Pacific stock, 67a Lake Shore,
653; Illinois Genital, 1929; Pittsburg,
954; Northwestern common 42B;
Northwestern preferred, $50; Cleve-
land, Columbus, Cincinnati and In
dianapolis, So; New Jersey Central,
1863; Rock Island, 1104; st. Paul, 435;
st. Paul preferred, Slb; Wabash, 103;
Wabash preferred, 1921; Fl. Wayne, 1887;
Terre Baute, 5; Terre Haute preferred,
1871; Chicago and Alton, A; Chicago
and Alton prefer'd, 10; Ohio and
Mississippi, 2l5; Indiana Central, a.;
Chicag,, Burlington and Quincy, Is;
Hannibal and ST. Joseph, 1871; Delaware
and Lsckawanna, 1873; Atlantic and
Pacific telegraph, 1871; Central Pacific
bonds, 1881; Union Pacific bonds, 1866;
Union Psclfic land grants, 1034; Union
Pacific sinking fund, 924; MsripOss, 10Y;
Mariposs preferred, 1919; Panama, 324;
Missouri Pacific, 113s; Atlantic Pacific,
1914