Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-05-12
FINANCIAL.

Fine weather and good accounts from tn,
planting regions are favorable to commerce
Bat the depressing influences that have sc
long driven the country almost 70 the verge
where patience ends, prevent the ordinary re-
suits Of such gratifying state Of things from
beng secured and ACKNOWLEDGEMENTS among
the ban KS and the visitors OF Madison street led
to slight results. Exchange quoted par buy.
ing aud Il premium selling on New York
New Orleans buying al Il discount, and cell
ing at par. The New York Herald, OF
Wednesday, reports: Tine following were
the rates of exchange on New York at the
aforementioned cites to-day: Savannah
buying, Lilo premium; selling u premium.
Charleston easy; Is premium, $3.50 Il pre-
MUM. s.. Louis, 80 premium. New Or
leans, pare ll6 premium; L premium. Chi
cago, 90 premium. Boston, S219@20 dis
count" The New York Bulletin fears that
attempts tO get up an International coin con-
gress wall fail. u says: 1--WE regret to say,
thus far, the prospects Of the congress a.
complIshing any thIng Of importanc- toward
n settlement of the standard question are not
wholly promising. All the expressions OF
opinion in the European press are cautious
or unfrienGly." In the meantime oar pur-
chases OF silver have. so far, failed to ad-
vance it. price. The New York Post report
ed on Thursday: "Silver in London has fall
en- to Sgd per ounce. At the New York
price the bullion value of the new silver dol
lar Is 0.9049." In our own local stock market
$4,000 city bonds sold at 81 at which
they are firm and more wanted.
IBY TELEGRAPH.Y
PARIS, May I1.-Rentes, I09f. 7215c.
NEW ORLEANS, May II.-Gold, 10O2{
@l0l. New York sight, Il premium.
Sterling, 4S9.
LONDON, May 1I.-Consols for money.
50 Is Is; on account. SO. United States AS,
IL = n 81 10 "a
1919; do. new Is, 1864 Erie, l215; Erie pre-
terred, 81: Illinois Central, 1914; Pennsylvania
Central, 2S4.
NEW YORK, May 1l.-Money, 215@5
per cent, closing easy at 3 per cent. Prime
mercantile paper, 4@6 per cent. Customs
receipts, $2I9,000. The assistant treasurer
discussed $4,000. ClearinRs, $1,000 000
Sterling-long, ass; short, 4881z. Gold sold
at 1907 throughout the day. Borrowing
r ties. fat at per cent. The steamer Neckar,
from Europe, brought in $4,000 Spanish
gold coin. Government bonds were strong;
COUPONS Of 1881, l071s; do. 1865, new, 103B;
do. 1867, 1065s; do. new AZ, 1868, 100; new
SIS, l0s5s: new AIS, l03lf new As, I005s;
l040s, lU618; do. coupons, 1861 currency 6s.
ll9i6. State bonds quiet; Tennessee 6s, old,
391S Tennessee g., new, 3515 ;VIrginia IS old,
%: Virginia is. rev, IS; Missouri g., 1865.
Raj road bonds firm. The stock speculation
was generally firm to-day, with further up
ward movement in prices, which advanced in
the morning and ranged from 10 q per
cent, and was led by the st. Paul, North
western, Western Union, Union Pacific, and
coal stocks. In the afternoon the market was
strong and prices made a further advance,
ST. Paul preferred selling up to 20, common
to 51I5; Northwestern preferred to 1885,
common to 81 s, Rock Island to 100; Union
Pacific 10 69SR, and Michigan Central to
6S1%; Morris and Essex fell off to 1875 and re-
covered to 70: Lake Shore sold at 62@6l g,
and was active; deliveries of Lake Shore
were very irregular, and bears found stock
quite scarce; at the close the highest prices
of stock were current In some instances. At
the exchange, George Dickinson sold to Wood
d Hollins the next dividend on 10 900 shares
of Lake Shore for per cent; this transac-
ton attracted considerable attention. Trans
actions aggregated $1,000 shares, of which
20 900 were Lake Shore, 5000 Northwestern
common, 5000 preferred. 200 st. Paul
common, 5000 preferred, ii 900 Lackawanna,
1000 Ohlos, 500 Wabash, and 5000 Western
Union. The following are the quotations:
Western Union telegraph company, 81 4;
Quicksilver, 1871; Quicksilver preferred, 30;
Pacific Mail, 2014; Mariposa, 1929; Maripo-
ga preferred, lU3; Adams Express COM
pany, lob; Wells 4 Fargo Express company,
United States Express company, 40;
New York Central, 1861; Erie, II; Erie
preferred, 81; Harlem, AZ; Michigan
Central. 6S4; Panama, IS: Union Pacific
stock. 691I; Lake Shore, 6ls4; Illinois Cen
trail. 761s; Cleveland and Pittsburg, 741s;
Northwestern, 519s; Northwestern prefer:
red, TN; Cleveland. Columbus, CINCINNATI
and Indianapolis, 25119; New Jersey Central,
1919; Rock Island. I06i st. Paul, 5l1l;
ct. Paul preferred, IS; Wabash, 1879; Fort
Wayne, 90; Terre Hante, 106; Terre
Haute preferred, 10; Chicago and Alton,
711; Chicago and Alton preferred, SO;
Ohio and Mississippi, 1855; Delaware, Lack
Chicago, Burlington and Quincy, 10l4;
Hannibal and st. Joe, 1I11S; Central Pacific
bonds, l07Il; Union Pacific bonds, 1071i;
Union Pacific land grants, 104}S; Union Pa
ci6c sinking funds, 96sf.