Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-06-08
FINANCIAL.

The excel tons Of the general report of
quiet market and dull day, which were
met with yesterday, were so few and far be-
tween that they scarcely deserve to be noted
at all. Il was dull at the banks, and more
than dull on the street, the volume of busi-
ness being small and it, features uuinterest-
ing The above is from the st. Louis Re
publican, OF Thursday, and it most accurate
ly describes the condition here yesterday,
and is a case in point 10 show that If we have
more business quiet in Memphis than is
agreeable, we are only in the same condi-
ton as other people. The Cincinnati En-
qairer reports a similar state of things, and
says: There Is, perhaps, an increase in the
amount OF funds seeking employment. 1t is
noticeable, as well as pertinent to the subject
Of supply, that maturing paper is a large
part met 10y cash payments, and frequent re-
turns are made Of call loans" Here the
banks ind little call for their plenteous fund
but one or two banks report a slight i'm
provement in the demand since the present
month commenced. Exchange was at par
buying and premium selling on New York;
on other eastern cities par buying, and Il
premium selling for both demand and sight;
on New Orleans, 4 discount buying, selling
at par. 10 the local stock market nothing of
interest was 70 BE- gathered.
bl LELEGHAPH.f
PARIS, June 7.-Rentes, ll1f $3.50.
NEW ORLEANS, June Gold, lola
1Ol4; New York sight. 3 l6@l L premium.
Sterling, 490.
LONDON, June 7-Consols for money,
50 10 l6; on account, 95 l-l6. United States
AS, 1885; do. 5-2Os OF 1867, 1895; IO. 40s,
1Oyli; do. new IS, l072s; Erie railway shares,
l72s; Erie preferred, 32al.
NEW YORK, June Mooney easy at
394 per cent. Prime mercantile paper, 30
AZ per cent. Customs receipts, 1891 900.
The assistant treasurer discussed $lO8,O0O
Clearings, $9,0O0,0OO Dry goods imports
Gold steady at lOI Borrowing rates.
Il per cent. and LEA per cent per diem.
Government bonds were active: coupons
Of 1881, 100; do. 1865, new, IO46; do.
1861, 1914; do. new a.. 1868, 10915; new
IS, 1855; new AIS, l031S; new Is, 1918;
lO-4Os, regular, lO7l3 do. coupons, 1913;
currency 6s, I'D. state securities were
steady; Tennessee g., old, 351&; Tennes-
see g., new, 3S; Virginia 6s, old, 20;
Virginia 6s, rev, p; Missouri 6s, l07
Railroad bonds were strong and higher
The stock market opened buoyant, with an
advance Of ll@l15 per cent, and consider
BILE activity IN the leading shares. Rock
the opening to ll919, declini0g to 1i756,
with recovery TO ll9. During the after
noon the market was strong, especially for
Lake Shore. New York Central, Michigan
Central, Hannibal and st. Joseph, and Cleve-
land, Columbus, Cincinnati and Indianapolis,
which advanced 76@l4 err cent. Toward
the close K lck Island fell off l % per cent
and the general list yielded lf@4 per cent,
but closing sales showed a recovery of 1{@16
per cent, the latter for Rock Island. Trans
actions aggregated 1l9 600 shares. of which
1000 were New York Central, 1900 Erie, 800
Lake Shore, 1900 Wabash. 5000 Northwest
ern common and 1900 preferred, 5000 Rock
Island. 5000 st. Paul common, $500 Pitts
burg, 1900 Lackawanna, 5000 New Jersey
Central, 1000 Delaware and Hudson, 1000
Morris and Essex, 2600 Michigan Central,
200 Chicago, Burlington and Quincy, $500
Hannibal and st. Joseph. 1000 Ohios and
300 Western Union. Closing quotations:
Western Union telegraph company, 412;
Quicksilver, 1884 Quicksilver preferred, 33sS4;
Pacific Mail, 1888; Mariposa, 101; Maripo-
sa preferred, l0l; Adams Express compa-
ny, lO31%; Wells 81 Fargo Express COM
Pany, 94JL; American Express company, 491 4;
United states Express company, 481s;
preferred, %; Harlem, As. Michigan
Central, 6919; Panama, 20i Union Pacific
stock, $685. Lake Shore, 64l4: Illinois Cen
trail, 1874 Cleveland and Pittsburg, 50;
Northwestern, $3.50; Northwestern prefer
red, tn; Cleveland, Columbus, Cincinnati
and Indianapolis, 29lf New Jersey Central,
So Rock Island, I7Ai st. Pau, :;
st. Paul preferred, 50; Wabash, 1915; Fort
Wayne, 965s; Terre Haute, lQ3; Terre
Haute preferred, rs; Chicago and Alton,
SllS; Chicago and Alton preferred, 104;
OHIO and Mississippi, l09l6; Delaware, Lack
awanna and Western, 5S2f; Atlantic and Pa
ciic telegraph, 234; Missouri Pacific, l0l1s;
Chicago, Burlington and Quincy, IO116;
Hannibal and st. Joe, ll2l2; Central PacIhc
bonds, los; Union PacInc bonds, los;
Union Pacific land grants, 1855; Union Pa
eiic sinking funds, l0l21.