Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-23
nv TELkGRAPH.


PARIS, July p Rentss, Il4f 40c.
NEW ORLEANS, July 22.-Gold, lC049
1O05S; New York -lght. Il premium Ster-
ling exchange, bankers bills, 486@4S6H.
LONDON, July 22-Consols for money,
% 1-l0; on sccounJ, $50 Illinois Central,
S11S Pennsylvania Central, "a; Reading,
1874; Eus. 49,; Enc preferred, 81; Dos
of 1861 lOSl4; I0-40s, Ill y new Is, l08$s !;
AZ, 1868
NEW YORK, July 22.-Mouey market
easier at l15@2 per cent. Prime mercantile
paper, 3d4 per cent. Customs receipts,
$491 800. The assistant treasurer disbursed
STA 90. CiesrinRs, 81 600 900. Sterling
exchange, bankers bills weak, with an
active business az 4,21s sight exchange on
New York, 8j5S94S14 Gold steady at
1OO1s. Borrowing rates, 14@1 per cent
Governments hrm; coupons 0t 1881, 1914;
do. lo63, new, IO25si do 1867, l05}s; 1o.
1868, iOo; do. new b, 1925; do. "A, lO415
do. As, lUO1%; 10 40s, registered l0SB; 40.
coupons, lU9; currency IS, 40. State bonds
steady; Tennessee s., old, 351%; Tennessee
o., new, "a, Virginia 6s, old, 20: Vir-
ginia o., new, Il: Missouri 6s, 1851.
Ruroa1 bonds firm; Cleveland, Columbus
and Indiana Central rose 2 per cent.
The week opened with bouyant market and
n few stocks advanced 10 ice, ranging from
u % pa Der Mt. the ltater N Lake Shore,
which rJse from 623s t. 6ils on large transac-
tons. The prospect that the railroad mag
mats at Saratoga will arrange new pooling
scheme strengt heDed trunk line shares. The
granger shares were very prominent IN deaf
Ings and advanced sharply. Western Union
continued on It's upward course, reaching
9518, tue highest price Of the year. The
buOyancy continued until after two o'clock
when, under sales 70 realize and "bearish"
attack upon western shares, reaction set N
and prices tell Of / % IL per cent, granger
stocks beng the most conspicuous in the de-
cline. The transactions aggregated ia, 900
shares, Of which 1900 were Erie, 5I,0 o
Lake Shore, 10000 Northwestern comm ION
and 5000 preferred, % 90 St. PAM common
and 800 preferred, ZOO PlttsbuTg, 10000
L9ckaWanna, 1000 Michigan Central, $50
Cleveland, Columbus cad Indiana Central
and 1900 Westcn Union The closing
quotations OF the day were as follows:
Western Union telegraph company, 9438 /;
Quicksilver, IS. Quicksilver preferred, 3314;
Pacific Maui, IL; Mariposa, 1904; Maup0-
sa preferred, 1904 Adams ExDcess compa-
ny, lO41s; Weis ~ Fargo Express COM
pany, 81; American Express company, A;
United states Express company. Az; New
York Central, l4915i Erie. 1875; Erie pre-
terred, 81 Hareu, l39; Michigan Cen
trail, 6l1s Panama, l25; Union Pacific
stock, o = Lake Sh0re, 63H Illinois Cen
trial, So; Cleveland ard PItsburg, S32l;
Ncrthwe-tera, 4S2I; Northwestern pre-
fer-ed, 1lSs; -feS .fsGd. .0iumbus, Cincln-
natl snd ildlana. els, 25I5 New Jersey Cen
tral, 391z Rock island. ll4Li; ST Pau. As;
st: Pau. preferred, SIS Wabash, 1875 Fort
Wayue, %; Ierre Haute, I0l; Terre
Hau5e preferred. l01ll; lhicago and Alton,
S34; Jhica-o and ton preferred, 1885
OHIO and Miss rs p0l, ~; Delaware, Lack
awanna and Western. 6l1s Atlantic and Pa
chic telegraph, Z61% Missouri Pacific, 10llf
Chicago, Burlington and Quin y, 1872 /;
Hannibal aud &c. ice, liz; Central Pacific
4 4. -
Union Paci6c land lrorts, 1888; onion Pa
ciic mixing funds. IC324