Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-05-29
iNANCIAL.

A popular song has a lire about ''all the
stars were sweetly shining, because they d
nothing else to do, " and for the same reason
all the banks were open yesterday. When
the routine OF checking and depositlne were
subtracted, nothing was lett 20 tell the re-
porter, and that is just what he has to
tell this morning. Exchange was at
par buying and Il premium selling on
New York; on other eastern cities par buying,
and II premium selling for both demand and
sight; on New Orleans, discount buying
selling at par. Saturdays New FORK papers
report: Silver in London is % I'D per ounce.
At the New York price the bullion value of
the new silver dollar is $0.9029 gold" The
New York Bulletin said, on Saturday: 1.-The
most important event of the day was the an
nouncement that the syndicate have for sale
no more United STATES ~ per cent bonds at
any price, the market price having advanced
TO about l03 gold and accrued interest.
This, we are told, means that the syndicate,
although they have not yet ordered from the
treasury the remaining $l5,OO0,0OO, have en-
gagged to sell these bonds, and will deliver
them as soon as they receive them from the
treasury" In our local stock market nothing
was reported; it Is said that Memphis gas
stock will now bring l03.
IBY TELEGRAPH
PARIS, May 23.-Rentes. l1lf. 12c.
LONDON, May 28.-Consols for money
and on account, 81 1916. United States AIS,
IO51<; do. 5.2Os of 1867 l091S; do. 10-40s,
I091S; do. new IS, 1918 Erie, 1875; Erie pre-
ferred, 3l4; Illinois Central, SIS; Penn
sylvania Central. so.
NEW YORK, May 2S.-Mouey easy at 3
"a per cent. Prime mercantile paper, 3@
AZ per cent. Customs receipts, $lS0, 200.
The assistant treasurer discussed 49,, 0O0
the week, $3.50. 900 Sterling weak; long.
483; short, 4851<. Gold strong, opening at
at I0I, Advancing to l0lA aud closing at
I0116 Carrying rates per cent. Borrow
ing rates, 3(G5 lat and GA per diem. Bar
SILVER, 1I7i5 currency; ll6l4 gold. Govern
ment bonus were generally steady ,o put
weak for some issues: coupons OF 1881.
1885 do. 1865, new, l045s; do. 1867, lO7ss;
do. new As. IoGo, 1914 new 5s, 1855; new
AS, 1915; new Is, l0i1i; 10 4Os, 1919;
do. coupons, 1919; currency 6s, l2l96.
State bonds steady; Tennessee Os, old, ~;
Tennessee g., new, 30; Virginia 6s, old,
%; Virginia 6s, rev, 25; Missouri s., 1054.
Railroad bonds we're hrm. The May earn
ings of tee Northwestern road are estimated
at an increase Of 100000 over the same
month last year. The earnings OF the Chi
caRo, Burlington and Quincy road increased
about 800, 900 for the first three months of
the year. II is understood the earnings for
April increased 100000. The stock market
after an early advance of l 1i@l58 per cent,
fell off early In the afternoon = as per cent,
but rapidly recovered and made : further
sharp advance, making the improvement on
the entire day 16@2ss per cent. The mar
ket closed strong at the best prices OF the day
in nearly the entire list. The stocks most
conspicuous in the upward movement were
coal shares, New York Central, 6Ock Island,
Northwestern, and st. Paul. Transactions
aggregated TO- 900 shares. of which 1900
were New York Central. 5000 Erie, 1900
Lake Shore, $4,000 Northwestern common
and 1000 preferred. 5000 st. Paul common
and 1000 preferred, 1900 Lackawanna, 1000
son, 1000 Morris and Essex, 1000 Union Pa
ciic, 400 Ohios, 1000 Western Union, and
2OO1 Pacific Mail. Closing quotations were:
Western Union telegraph company, S358; |
Quicksilver, 16; Quicksilver preferred, 81;
Pacific Maui, 1885; Mariposa, 10l Il; Maripo- |
sa preferred, IOlA; Adams Express compa- |
ny, l024; Wells q Fargo Express com eom-
United States Express company, AZ; |
New York Central, lO99s; Erie, 1875; Erie |
preferred, 80; Harlem, An; Michigan |
Central, 66lii Panama, Is; Union Pacific |
stock, 7024; Lake Shore, 625s; Illinois Cen |
trail, S37s; Cleveland and PIttsburg, 500 |
Northwestern, $50; Northwestern prefer |
red, 1855; Cleveland, Columbus, CINCINNATI |
231<; Rock island. ll01S st. Paul: 533S;
st. Paul preferred, 1888; Wabash, 1913; Fort |
Wayne, 961S; 1erre Haute, 102; Terre |
Haute preferred, liz; Chicago and Alton, |
7736; Chicago and Alton preferred, 100; |
Ohio and MississippI, l0S14; Delaware, Lack |
awanna and Western, 353s; Atlantic and Pa |
ci6c telegraph, 2224; Missouri Pacific, I0l19; |
Hannibal and st. Joe, 1I1l4; Central Pacific |
bonds,i 1851; Union Pacific bonds, 1855; |
Union Pacihc land grants, lC61s; Union Pa. |
ciic sinking funds, lOO1s.