Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-06-29
IBY TELEGRAPH.7

PARIS, June 28.-Rentes. I13f. 45c.
NEW ORLEANS, June 28.-Gold, 101
@l0l4; New York sight, 3-16@4 premium.
Sterling, 489.
LONDON, June 28.-Consols, 95 1915;
Illinois Central. S31f; Pennsylvania Contra,
324; Erie. 10; Enc preferred, 3212; 5 20s of
1861, 1925; l0-40s, ITO; new 5s, 1895; AIS,
1858.
NEW YORK, June 28.-Money easy at 211S
per cent. Prime mercantile paper, BOA
per cent. Customs receipts, $l68, 900. The
ClearinRs, sl000O000. Sterling exchange,
Assn q 488. Dry goods imports for the week.
$727. 900. Gold opened at 1905 and closed
at 1904. Borrowing rates, 1S@1 per cent.
and fiat. Government bonds active and
higher; coupons of 1881, =; do. 1865, new,
1861; do. 1857, l0s9S; do: less, III do.
new IS, 1853; do. AS, l044 do As, 101 a;
I0-40s, registered, l0S74; do. coupons, lO815 /;
currency Is, 1908. State bonds were
steady; Tennessee 6s, old. 40; Tennes
see g., new, 36; Virginia IS, old, 20;
Virginia IS, rev, 20; Missouri 6s. 1861
Railroad bonds were firm. Stocks opened
strong, but soon weakened, and during the
afternoon were heavy, with increased pressure
to sell, under which prices declined to z
per cent. The downward movement was
started by decline in Lake Shore to 561S.
when the official report for the past SIX
months was known on the street. An unta-
vorable view vas taken of the report by spec
ulators in consequence OF the surplus being
much smaller than reported early In the day.
The greatest decline was IN Michigan Cen
trail Cleveland, Columbus, Cincinnati and lu-
dIanapolis, and Lake Shore, the drop in these
stocks ranging from l q to 21S per cent. To-
ward the close granger stocks and coal shares,
which were strong early In the day. became
heavy aud declined, In sympathy with the
above mentioned stocks. The Lake Shore
statement, submitted to the directors to day,
shows net earnings for SIX months OF $99 ,2l3,
which was appropriated as follows; Sinking
fund, for SIX months, 1928 600; payments
made on the Ashtabula accident, $IO,OOO;
subscriptions to stock III the Pittsburg and
Lake Enc railroad company, 100000; pur-
chase of land in Chicago, 1000, making
S475, 900; a dividend OF per cent, payable
in August next, $494, 665, leaving a surplus
Tranactions aggregated Sl4S, 900 shares, of
which 5000 were Erie, 81 900 Lake Shore,
5000 Northwestern common and 26O0 pre-
ferred, 1900 Rock Island, 1000 St. Paul COM
mon and 5000 Irsferre6, $500 Ohios, 700
Wabash, II, 800 Las kawanna, $500 New Jer-
sey Central, 1000 Michigan Central, $50 IL
linois Central, 800 Cleveland, Columbus,
Cincinnati and Indianapolis, $500 Pacific
Mail, and 1900 Western Union. The closing
quotations of the day were as follows:
Western Union telegraph company, s65S [;
Quicksilver, l316; Quicksilver preferred, IS;
Pacific Mail. l61S; Mariposa, lO1; Maripo-
sa preferred, lOi; Adams Express compa-
nv, I03; Wells & Fargo Express COM
pany, 931F; American Express company, 477s
United States Express company, AIS; New
York Central; 10S4i Ere; l57s Enc
preferred, 304; Harlem. 1873; Michigan
Central, 641< Panama, 1913: Union Pacific
stock, 641S; Lake Shore, 555S Illinois Cen
trail, S24; Cleveland and Pittsburg, 49,;
Northwestern, 475s; Northwestern pre-
forced, 721s; Cleveland, Columbus, Cincln-
matt and Indianapolis, PAY; New Jersey Cen
trail, 34a4; Rock Island, 1871; st. Paul, 5l1zz
St. Paul preferred, 1885, Wabash. l4l4 Fort
Wayne, "a; rerre Haute, 1918; Terre
Haute preferred, l03; Chicago and Alton,
III; Chicago and Alton preferred, 102;
OHIO and Mississippi, lots; Delaware, Lack
awanna and Western, 5424; Atlantic and Pa
ci6c telegraph, %; Missouri Pacific, 101;
Chicago, Burlington and Quincy, 1854
Hannibal and st. Joe, l1l1i; Central Pacific
bonds, 1855, Union PacIhc bonds, 1081S
Union Pacific land grants, l071f; Union Pa
cific sinking funds, l011s