Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1876-03-07
MONEY MARKETS,
BY TELEGRAPH,

PARIS, March 6.-Rentes, 66f. 974c.
NEW ORLEANS, March, 6. Gold
1l44; sight, ] premium; sterling, bank,
5573.
LONDON, March 6.-Amount of bull
lion gone into the Bank Of England on
balance to-day, $4,000. Consols for
of 1866, 105; 5-20s Of 1867, 1043; 10 40s,
l04; Erie, 1851 Erie preferred, 81.
NEW YORK, March 6.--Money easy
ct 1891 per cent. Prime mercantile pa.
per, 44@54 per cent. Customs receipts,
$57l 600 The assistant treasurer dis
bursed $3.50, 900. Ciearings, $26, 200, 900,
Gold opened at 1144, advanced to 11455
and closed at 114g. Rates paid foI
carrying were l to 5 per cent Gov
eminent bonds were steady; cOu-
pons of 1881, 1888; do. 1865, us; do.
1885, new, 119; do. 1857, 1911; do.
'68, 1881; new fives, 1185; IO-4Os, regu.
lar, 1IS8; coupons, ll9; currency
IS, 1919. State securities were quiet;
Tennessee Is, old, 423; Tennessee
IS, new, 40; Virginia, old, Sc; Vir-
GINA new, So; Missouri Is, 1043
Railroad bonds were generally steady;
Burlington and Cedar Rapids firsts sold
at so, an advance of q per cent, and
Jefferson firstg at II, rise OF l per cent.
The stock market opened weak, at de-
cline OF to / per cent. as compared
with the closing prices of Saturday, but
subsequently, there WsS slight advance
which, however, was followed by
pressure to sell in Pacific Mail and
Western Union, causing decline OF q
per cent. in the former ard 81 per cent.
in the latter. The general list, granger
stocks and Lake shore were higher.
Pacific Mail opened st 22!, fell off to
22I, rose to 22B clined t. 204, and still
later sold at 2U9G 20&320; these fiuctua-
tiOna were accompanied by various ru-
mors, SIS usual. Western Z aion declined
from 69l TO GSB on the annOuDceme ut
that the Atlanuc and Pacific telegcsph
company had made reduction of 20 10
% per cent. on rates from New York to
San Francisco, and the principal cities
west Of Chicago; sfterWard the stock
sold up TO 605 During the last hour
the market was strong and higher. The
advance from the lowest point ranged
from to q per cent, and was
mostly marked in western shares,
Pacific Mail and Western Union
tbiGE. slk3t1s A4dh0 kOLOiO lOGb "
645, North western common to 438, pre-
ferred to 64E, st. Paul common to AL,
preferred to SOL Michigan Central TO
to lS2, preferred TO 2S8, Erie to l84,
Union Pacific to 81, and OhiOs to 2l4.
In some cases there was fractional re-
action at the close, Pacific Mail recOv-
cred from 20 to 2lS, and reacted to 2lB,
g. a, al EUaoforr, TTnin1
rallied from 6SS to 693, aud in the clos
ing dealings fell back to 695, The mar
ket was more or LEES influenced by III.
mors throughout the day. In the morn
iag it was rumored that the Pacific Mail
company was about TO issue $780, 600
10 bonds, and later that it would sell
some OF Its steamers. Transactions were
2O7, 600 shares, of which 66, 200 were Pa,
cifie Mai, 4S, 900 Western Union, 5000
st. Faui, 1900 Erie, $4,000 Lake Shore,
and 1900 Ohio. Closing quotations were:
Western Union telegraph, 695; Pa
cifio Mail, zig; Adams Express compa-
ny, 1869; Wells & Fargo's Express COM
pany, Sc; American Express com.
pany, 623; United States Express cOmpa-
ny, 73f; New York Central, list; Erie,
ISL; Erie preferred, 35; Harlem, I42: Hsr-
AEAAA 'At-eAACNf @'AAIA4t SCliL4
Union Pacific stock, 81; Lake shore,
64E; Illinois Central, l02; PittsburS,
g4s; Northwestern common, 43;
preferred, 65g; Cleve-
land, Columbus, Cincinnati and In
disnapO!is, 500; New Jersey Central,
107; Rock Island, 100; st. PauI, 43b;
St. Paul preferred, soy; Wabash, 1888;
Wabash preferred, lO9i; Ft. Wayne, 1913;
Teue Raute, 5; Terre Haute preferred,
10; Chicago and Alton. 1919; Chicago
and Alton pyefer'd, 1919; Ohio and
Mississippi, 2i4; Indiana Central, 4s;
Chicsg., Burlington and Quincy, l94;
Hannibal ard St. Joseph, l8!; Delaware
and Lackswanns, 1851; Atlantic and
Pacific telegraph, IS; Central Pacific
boads, 1851; Union Pacific bonds, 1851;
Union Pacific land grants, 103; Union
Pacific sinking fund, 9l}; MaripOss, JOY;
Mariposa preferred, 1913; Panama,
30; Missouri Pacific, 1923; Atlantic snd
Pacific preferred, l013