Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-05-25
IBY TELEGRAPH.

b1 IELEOhAFH III
PARIS, May 24-Rentes. I10f. pc.
NEW ORLEANS, Nay 24-Gold, lOO@
9l0lli; New York sight, i premium.
Sterling, 4s91s.
LONDON, May 24-Cousols for money
1861: do. ; , ~ of ISL, 1G9ls; do. 10 40,
100, do. new s., l0725; Enc, Is; Ere pre-
fsrred 3lI{; Illinois Central, 8 =; Penn
sylVlnis Central. 1913.
NEW YORK, May 2i.-Money easy at 2
a. per cent. Prime mercantile paper. 4Q
per cent. Customs receipts, $i7400J.
The assistant treasurer disbu sed Sll3 COO
Clearings, Sl4,500O0o. Dry goods imports
for thu week, 80 900. Sterling steady;
long. 4s5; short, 4S71s. Gold strong, open
ing at lJO5s and closing at 10l. Carrying
rates 2 per cent; borrowing rates, to per
cent. and fat. Government bonds are active
and strong; tn re are no more A. per cent
bonds for sale 10y the syndicate; coupons
Of 1881, l0S2I DO. 1865, new, 1855 do. 1857,
l0716: do. new A., 1868, 1922; new IS, l052
new AIS, 10424; new A., 1915; l040s,
I0716; do. coupons, l0716; currency is. l2l3 %.
State bonds steady; Tennessee o., old, ~;
Tennessee 6s, new, 3519; Virginia 6s. old,
q; Virginia 6s, rev, q; Missouri g., 1851
Railroad bonds were strong, with sharp adj
vance in st. Louis and Iron Mountain 6rsts,
Hannibal and st. Joseph Fights, convertible,
and Central Pacific firsts, California and Ore
gon branch. The buoyancy and activity IN
financial circles to-day was very marked, and
exceeded anything that has been witnessed
for some time past. The basis for this i'm
proved feeling may be summed up In the
continued large movement from the west to
the seaboard of last years grain crops, the
bright prospects ahead for the growing crops,
the great ease in money and large gain in
railroad traffic. The stock market was act
i've and very strong for the day at an advance
of 1$@215 per cent, with the chief improve
ment in Northwestern, St. Paul, Illinois Cen
trail, Michigan Central, Lake Shore, Western
Union, PIttsburg, Union Pacific and New
York Central. Northwestern common ad
vanced TO 525s and the preferred to 81, st.
Paul common TO 525s and preferred to 5938,
Michigan Central TO 81. Illinois Central to %,
and Union Pacific to 70;a, with a fractional re-
action at the close The large dividend-paylng
shares, like New York Central, Rock Island,
Chicago, Burlington and Quincy, and Har-
lem, were in demand, but not offered freely,
even at an advance. The guaranteed per
cent. stocks, like Fort Wayne and Pittsburg,
were also wanted by investors, and were
scarce at a sharp advance. The transactions
in Northwestern were very large-the Rufus
Hatch Chicago party ard representatives of
the Amsterdam interest being heavy pur-
chasers-the largely increased earnings and
continued immense receipts of gram at Chi
cago stimulating flee buying. 1t is now said,
with apparent certainty, that the Dow-Go
Dillon party are beaten in the contest for con-
troll of the Northwestern road. The earnings
of the Milwaukee and st. Paul road have in
creased So, 900 for the third week in May.
Transactions aggregated 10000 shares, of
which 2OO0 we're Erie, 5000 Lake Shore,
1000 Wabash, 2000 Northwestern common
and I6 900 preferred, 2000 Rock Island, Is. 900
St. Paul common and 5000 preferred, $4,000
Iackawanna, 5000 New Jersey Central, 1900
Michigan Central, 2400 Morris and Essex,
1900 Illinois Central, 3400 Union Pacific
24OO Ohios, 5000 Western Union, and 1000
Pacific Mail. The closing quotations were:
Western Union telegraph company, S3l6;
Quicksilver, Is Is; Quicksilver preferred, 3OS4;
Pacific Mail, 1871; Mariposa, l0l; Maripo-
sa preferred, l0I e; Adams Express company,
pany, 90&; American Express company, ASH;
United States Express company, 4656;
New York Central, l0816; Erie, l24; kne
preferred, 81; Harlem, AN; Michigan
Central, 662f; Panama, Is: Union Pacific
stock. 701S; Lake Shore, 63ls; Illinois Cen
tral, S2Is: Cleveland and PIttsburg, 1871
Northwe.tern, j2lf; Northwestern prefer
red, 743{. Cleveland, Columbus, Cincinnati
and Indianapolis. 2155 New Jersey Central,
223S; Rock Island, 42ls st. Pau. 52ls;
St Paul preferred, ia, Wabash, i3ts; Fort
Wayne, 50; Ierre Haute, l02; Terre
Haute preferred, ll24; Chicago and Alton,
Ohio and Mississippi, l0SIS; Delaware, Las a.
awanna and Western, 5515 Atlantic and Pa
ciic telegraph, 221S; Missouri Pacific, l0llE
Chicago, Burlington and Quin J, 1885
Hannibal and 81. Joe, li2; Central Pacific
bcuds, 1913; Unioa Poetic bonds, los;
Union Pacific land grants, Ice; Union Pa
ci6c sinking funds, lOOI4.