Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-24
FINANCIAL,

financial news, but for the fact that finances
Just now furnish no news. 1t is ''hy-time, y
and dizziness and sameness make each day
counterpart Of the day that preceded IL
Money Is IN moderate request at S@ 10
per cent. Exchange quoted at par buy
ing and y premium selling on New York;
on other eastern cities par buying, and II
premium selling for both demand and sight:
on New Orleans, Il discount buying; selling
at par. The New York Post, of Saturday,
has the following: Silver in London is I'M
changed. At the New York price the bullion
value of the new silver dollar is 80 1894 gold.
Popular subscriptions to the new per cents
continues large; and II Is likely that another
5000 900 Of 520s will be called for redemp-
ton next week. United States Treasurer
Glldllan yesterday issued a circular TO some
OF the national banks asking them how many
silver dollars they could put in circulation
IN thirty, sixty or ninety days, and offer
ing to send to them by express, at the
expense OF the department the number Of
silver dollars desired When inquiry on the
subject was made in this city to-day, it was
SAID that the circular had not been sent to
New York banks" The New York World
says: The remark is often made that lend.
ers of money should subscribe to the new
per cents instead of lending on call at or
per cent. If gold were at par the money
lenders would no doubt do so to a consider
able extent. But every one expects gold to
lose ITS premium of GIG or 50 before the au.
tumn business fairly sets in, and money-leud.
ers cannot afford 10 face this loss, which might
wipe out all the interest they could get by a
temporary holding of the bonds, for it must
De remembered that they will have to sell out
In competition with the treasury
IbY TELEGRAPH.T
PARIS, July 23.-Rentes, 1I4f 221zc.
NEW ORLEANS, July 23.-Gold, IOO3k@
IOO98; New York signt, Il premium. Ster-
ling exchange. bankers bills, 4S51S@4S61k
LONDON, July % -Consols, 951%; Hi
nos Central, So; Pennsylvania Central, "a;
Reading, 1884; Erie, 1873; Erie preferred,
81; . Us OF 1867, 10o3s; l0-40s, 1ll15; new
Is, l065S; AS, 1861.
NEW YORK, July 23.-Money market
easier at 115@2 per cent. Prime mercantile
paper, 215@4 per cent. Customs receipts,
$21O,OOO. The assistant treasurer disbursed
$4,000. ClearinCs, 81, 500. 900. Sterling
exchange bills weak, 4S21S; sight
exchange on New York. AZ Il Produce ex-
ports for the week, 81 0lS0 600. Gold steady at
lOO1e. Borrowing rates, l@2 per cent. Gov
1881. lO7l4; o.. 1865, uew, lO21<; do. 1867,
1858; 10. 1868, l08i do. new s., 1928; do.
AZ, lO41s; do As, l001s; 10 40s, 1083s; do.
cou LIONS, lU318; currency bs, 100. State bonds
dull; tennessee 6s, old, So; Tennessee
IS, new, "a Virginia IS, old, 20; vir-
ginia IS, uew. 20; Missouri IS, 106,
Railroad bonds frm. The stock market, in
the early dealings, was heavy and depressed
for granger shares, which were attacked
sharply by the bears, and broke 1@24 per
cent. Toward noon there was a recovery of
4@l4 per cent. Trunk-line shares, although
irregular, were In the main favorable, owing
to favorable results expected from the Sara
toga conference. Lake Shore was most active,
ranging from 635s to 643s. Western Union
declined to SO. During the afternoon the
ma ket was buoyaht, the entire list recording
an advance, the 4@l15 per cent. improve
ment beng fully maintained. AT the
close the sudden advance in granger shares
was In consequence Of decidedly more IA
vorable advices in regard to the crops.
Irunk-lne shares were strong, Erle, at the
close, advanced to l716, and Western rose to
"a. Tue transactions aggregated $4,000
shares, of which 1900 were Erie, sc, 600
Lake Shore, 1900 Northwestern common
and 1900 preferred, %, 900 st. Paul common
and 5000 preferred, 1000 Lackawanna,
and 100 Western Union. The closing
quotations of the day were as follows
Western Union telegraph company, 9394
Quicksilver, Is. Quicksilver preferred, 331i +;
Pacific Mail. III; Mariposa, 1909; Marpo-
ga preferred, 1904; Adams Express compa
ny, l041S; Wells y Fargo Express com
pany, 921S; American Express company, AN (;
United States Express company, Az; New
ASAN CNhhAels md A1lAC. Lilo pic
ferred, 3l24 Harlem, 1898; Michigan Cen
trail, 671S; Panama, 1875; Union Pacific
stock, 6316; Lake Shore, 6411i; Illinois Cen
trail, So; Cleveland and PIttsburg, 8316;
Northwestern, 4S4; Northwestern pre-
ferred, 775s; Cleveland, Columbus, CincIn-
natl and Indianapolis, %. New Jersey Cen
trail, 80; Rock Island, ll41f; st. Pau. 4711Ss
st. Paul preferred, s01k; Wabash, 1875 Fort
Wayne, 941s; Ierre Haute, 10l Terre
Haute preferred, l01; Chicago and Alton,
81; Chicago and Alton preferred, 1885;
Ohio and Mississippi, IA; Delaware, La k
awanna and Western, 81 L; Atlantic and Pa
cifc telegraph, q; Missouri Pacific, 1911
Chicago, Burlington and Quincy, 49,
Hannibal and st. ice, 1896 central Pacific
bonds, 1854; Union PaciHc bonds, 1854
Union Pacihc land grants, 1853; Union Pa
chic sinking funds. 1929.
COTTON.
Liverpool spots yesterday were reported
quiet and unchanged; arrivals were steady
a -