Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-03
Mississippi and Tennessee.
FINANCIAL.

In giving the condition of financial matters
on Madison street. the difficulty exists that Is
described as follows by the New Orleans
Times: 1--WE are absolutely at fault for some
thing 70 say about the money market differ
emit from previous reports. At all the banks
we hear only of full vaults and no demand,
and particularly no demand worth mention
ing in the commercial line" Our banks have
also plenty of money, and applicants. who
are few, are attended to generally at per
cent. Exchange is in small offering and
light request at par buying and Il premium
pa, buying, and 4 premium selling for
at par. The New York Times Of
Saturday, reports: The following were the
rates of exchange on New York at the under
mentioned cities: Savannah-buying, Is;
selling Il premium. Charlestcn-none to be
had; 3-l6@1-5 premium; Il premium. New
Orleans-commercial, "a; bank, Il. st.
LouisS1-l0 premium. Chicago, 75c premium,
and Boston, l21zc premium. There is no
change in the price of silver in London, nor
In the bullion value of the new silver dollar
here, the latter being $0.8894." In our local
stock market there is a good demand for
sound stock and bonds, with nothing Offering,
and tax paying scrips are 6rin and in steady
demand. To-day notes due on the Fourth
must be paid, as tomorrow is a national holt
day and the banks will be closed.
TBY TELEGRAPH
PARIS. July 2.-Rentes. I14f. zoe.
NEW ORLEANS, July Gold, 1C0%
@10lH; New York sight, Il premium.
Sterling, 4S9.
LONDON, July 2.-Consols FOR money,
95 1915; illinois Central, Sc; Pennsylvania
Central, 321i; Erie. 1524; Erie preferred,
81; 5.20s of 1867, l0758; 10-40s, 1101a; new
IS, 1854; Az, 1855.
NEW YORK. July 2.-Mouey easy at 20
% per cent. Prime mercantile paper, 394
per cent. Customs receipts, $242,000. The
assistant treasurer discussed $l,575, 600.
ClearinQs, $10.000,000 Sterling exchange,
$7,103 900. Gold opened and closed at 1905,
with sales during the day at l004. Borrow
ing rates, 1@K per cent. aud fat. Silver
bars, 1855 currency, 1l45s gold; silver coin,
A@Ilf per cent. discount. Government
bonds were active and firm; COUPONS Of
1881, 10718; do. 1865, new, 1929; do.
1867, 1854; do. 1868, 108; do. new s.,
I041S; do. AIS, 100; do As. l004;
IO-40s, registered. I09; do. coupons, 1925;
currency Is, 1903. State bonds were
steady; Tennessee 6s, old, SO; Tenpes
see Sc, new, SO; Virginia 6s, old, 20;
Virginia 6s, rev, %; Missouri IS, los.
Railroad bonds were strong. The stock mar
keI was nlKQtE, Tue improvement lOL bIC udy
ranging from Is to l g per cent, the latter
Northwestern preferred. The active stocks
were Lake Shore, Northwestern, st. Paul,
Delaware, Lackawanna and Western, and
New Jersey Central. The last named was
noticeably irregular, and fuctuated frequent
ly in sympathy with the London market. Out
side the above named shares the market was
very quiet. AT the close prices reacted
fraction from the best figures of the day.
Transactions aggregated $1,000 shares, Of
which 1000 were Erie, p 600 Lake Shore,
5000 Northwestern common and 1900 pre-
ferred, 1000 St. Paul common and 2500 pre-
ferred, II, 900 Lackawanna, 5000 New Jersey
Central 1900 Michigan Central, 1900 Cleve'
land, Columbus. Cincinnati and Indianapolis,
5000 Western Union, and 1000 Pacific Mail.
The closing quotations. were as follows:
Western Union telegraph company, S74;
Quicksilver, Is; Quicksilver preferred, 81;
Pacific Maui. 173s; Mariposa. l0l; Maripo-
sa preferred, I0l1s; Adans Express compa-
ny, 1881; Wells Fargo Express com
pany, 93X American Express company, AZ;
United States Express company, Al; New
York Central. 1857; Erie. 1874; Erie
preferred, 30A: Harlem. 1879; Michigan
Central, 651S; Panama, 125; Union Pacific
stock, 641s; Lake Shore, 5S1S; Illinois Cen
trail, S45s; Cleveland and Pittsburg, 791S;
Northwestern, 48yS; Northwestern pre-
matt and Indianapolis, 20; New Jersey Cen
tral, $50; Rock Island. li71l4 st. Paul, 52sS;
st. Paul preferred, S22s Wabash, IA; Fort
Wayne, "a; Terre Haute, l0l1S; Terre
Haute preferred, 102; Chicago and Alton,
a; Chicago and Alton preferred, l02;
Ohio and Mississippi, 10714 Delaware, Lack
awanna and Western, 499S; Atlantic and Pa
ci6c telegraph, 251S; Missouri Pacific, 10l1&;
Chicago, Burlington and Quincy, 1862;
Hannibal and st. Joe, I1l1S; Central Pacific
bonds, 1053k; Union Pacific bonds, 1861,
Union Pacific land grants, 1072l; Union Pa
cific sinking funds. 1921.