Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-06-05


the banks presented rather more animated
appearance az the counter, ana one or two Of
them had a little better demand for money.
Exchange was at par buying and i premi-
um selling on New \ ork on other eastern cities
par buying, and = remIum selling f5c both
demand and sight on New Orleans, Il DIS
count bnying, selling at par. The New York
Bulletin, Of Saturday, reports: The most
important event to-day was the taking by the
syndicate or the remaining SO 900 600 Uni
ted States AZ per cent bonds, which COM
pletes the $4,000 600 bar2ained for on the
eleventh OF April last. This secures to the
treasury all the gold deemed necessary TO get
in specia, way before specie payment resump
ton. All Of the Slj,0l0.0O0 bonds taken to-
day, and that we;e designed for this market,
have already been sold, as was announced
several days ago. Silver IN London was I'M
changed, and the bullion value here of the
new silver dollar was ABOUT 80 cents in gold. !"
The New York correspondent Of the New
Orleans PicJHUHe writes that one of the mys-
tories of Wall street is how much gold has
been paid into the national treasury on ac
count of the ~ per cent loan. Members Of
the syndicate answer questions on the subject
with "Noue OF your business" IL is stated,
however, that at present the amount Is twelve
tO fifteen million, and since April the New
York banks have lost sixteen million. No
gold was brought from Europe for the pay
ments-the New Io.k banks supplied all
the balance has been settled for the present
by bonds which pay the syndicate 6 per cent
interest. How the thirty six million of gold
wanted is 20 be paid by January lst remains
TO be seen. Should gold rise, c portion of
the syndic Ite's profit vii be lost; should it
fall, they Will make accordingly. Ia our To-
cal stock mar.z-t nothing was reported.
IBY 7ELEGRAPH.I
PARIS, Jona 4.-Rontes. 111f SIC.
NEW ORLEANS, June 4.-Gold, lola
1911; New York sight. 3-l6@4 premium.
Sterling, 4oo15.
LONDON, June 4.-COnsols for money
and on account, e6 5-16. United States
ass, 1855; do. 525s Of 1867, l09lf; I040s,
1881; do. new 81, 1925; Erie railway shares,
l524; Erie preferred, 3jl5; Illinois Central,
Sc; Pennsylvania Central. 3l2f.
NEW YORK, June Mooney easy at
394 per cent Prime mercantile paper, 3@
AZ per cent. Customs receipts, $4,000.
The assistant treasurer disbu, sed SlSl 900.
Clearings, 100000. Produce exports for
the week, -. 40 900. Sterling-long, 45415;
short, 4S6lS. Gold opened at 1004 and
closed at 1903. Borrowing rates, l per
cent. to fiat. Government bonds were
strong and higher; coupons Of 1881, 1881;
do. 1865, new, l0i58; do. 1857, lO7l4; do.
new Is, 1853, 100; new Is, 1885: new AIS,
1895; new Is, l0I15 10 40s. lU71.l; do. cou
pOns, lOI "a currency o7' ll92S. o'dtS JULIUS
quiet; Tennessee o., old, 3915; Tennes-
see o., new, SO; Virginia Us, old, %;
Virginia 6s, rev, "a; Missouri Ga, 1867
Railroad bonus were steady. The stock mar
ket was lower 10 the carly dealings, chiefly on
account OF decline IN Rock Island, which
was down from 1851 to lis. The decline in
the general list was 1 G2f per cent. Suisse
quently Rock Island reached ll45I, and there
was a strong feeling and general advance of
4@2h per cent the latter IN Michigan
Central At the close there was reaction
of HOS per cent Lake Shore was more
prominent in the dealings than OF late, and
advanced on the large grain traffic OF the
road. Erie rose TO higher figures than before
current, under specuia;ions now going on
here aud at London. Transactions aggre-
gated 10000 shares, Of which 10000 Erie,
$4,000 Lake Shore, 1000 Wabash, $1,000
Northwestern common ana 5000 preferred,
10000 Rock Island, 1000 St Paul common
LaclIawan "a, 1000 New Jersey Central, 5000
Michigan Central, 400 OhlOs, aad 5000
Western Union. Closing quotations were:
Western Union telegraph company, $40;
Quicksilver, l518; QUICKSILVER preferred, 81;
Pacific Mail, 1874 Mariposa, lOl; Maripo-
sa preferred, l0l; Adams Express compa-
ny, 1928; Wells & Fargo Express com
pany, 90; American Express company, 49l4;
United States Express company, 472{;-
New York Central, ll0Iz; Enc, 1913 Ere
preferred, 49,; Harlem, l47i5; Michigan
Central, 6Si Panama, lis: Union Pacific
stock, 69}f; Lake Shore, 635s; Illinois Cea-
trail, $3.50; Cleveland and Pictsburg, S31s;
Northwestern, 53li; Northwestern prefer
red, 1913; Cleveland, Columbus, Cinclnaati
and Indianapolis, %; New Jersey Central,
3l4; Rock Island. ia; st. Paul, 533s;
st. Paul preferred, sou; Wabash, 1511s; Fort
Wayne, 81; Terre Haute, l02; Terre
Haute preferred, II2; Chicago and Alton,
1885; Chicago and lton preferred, l02;
Ohio and Miss ssippl, 91S; Delaware, Lack
awanna and Western, 500; Atlantic and Pa
cifc telegraph, 1884; Missouri Pacific, liz;
Chicago, Burlington and Quincy, I0424;
Hannibal and 81. Joe, lllll; Central Pacific
bonds, los, Unioa Paclnc bonds, l07;
Union Pacific land grants. 10l; Union Pa
cifc sinking funds, 1909; Union Pacific
iirsts, 1875.