Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-06-09
Memphis and Little Rock.
FIN ANCIAi,.


The usual monotony. with a full proper,
ton OF dizziness, constituted the report from
our banks yesterday. Exchange was at paI
buying and u premium selling on New \ DIRK
on other eastern cities par buying, and i
premium selling for both demand and sight
on New Orleans, L discount buying, selling
at par. Money Is plenty at generally 8 per
cent, with very quiet inquiry for 1t. The
Cincinnati Enquirer reports that the banks
there are seldom charging their depositors
above per cent in the regular way of bust
ness, and the exceptions are l per cent. below
rather than above that figure. Counterfeit
gold coins have appeared in New York, cheap
limitations Of the 50 pieces of 1868. Within
the past two or three weeks the Carson, Col
Grade, mint has shipped silver dollars 10 the
amount Of $3.50 600 as follows: To New Or
leans, $4,000; st. Louis, $4,000; Chicago,
So, 600; Cincinnati, So 600. The AhG Cal
J0rHiG of San Francisco, reports that silver
dollars are working round more freely
the mint disbursements being made
in this coin in payment for ST.
yer purchases and also for the silver con- aine
Ia gold bars. Parties thus receiving the new
dollars, not being able 10 dispose OF them at
once, pass them over 10 the brokers at a dis
count Of from l2lfMl5 cents, or even 20
cents on each 500. In subsidiary silver coin
purchases are beng made at and about 2-l5
per cent discount, while in some instances
brokers refuse to buy at 24 per cent The
New York correspondent Of the New Orleans
PicayiuIe Of Thursday, lets light upon the
late mysterious drawing Of French exchange
10 New York which demoralized the sterling
make last week. DrRhne a Co, OF New
York, dew the 1 s; Il amount was nearly
fJurteen million francs. and was drawn
against Russian vessels. cannon and war ma
ter.al. In cur local stock market nothing out
OF routine matters was reported. Mexican
al eall AZ ma AZ
IBY TELEGRAPH
PARIS, June S.--Rentes. I11f 521Sc.
NEW ORLEANS, June 8.-Gold, uOl@
l0llf; New York sight, 3-l6@4 premium.
Sterling, 4S9ls.
LONDON, June S.-Consols for money,
IS 1916; on account, SO l-I6. United States
4ISs, 1855; do. 5-20s of 1867, 1895; i0-40s,
l09li; do. new 5s, 1928; Erie railway shares,
IN; Erie preferred, %.
NEW YORK, June 8.-Money active at
216@3 per ceot. Prime mercantile paper, 81
@41k per cent. Customs receipts, $ll9, GOD.
The assistant treasurer discussed $4,000.
Clearings. %, 100000. Sterling dull, 4s49f "a
1864. Gold opened at l01 and closed 1905.
Cash gold easie- at tie close and loaned fat.
Government bonds strong and higher; coupons
Of 1881, IO9; do. 1866, new, I047a; do.
1887, 1924; do. new IA, 1868. no; new
IS, 1855 new AIS, I031&; new As, 10l38;
l0-40s, regular, 1913; do. coupons, 1919;
currency 6s, 40. State securities were
quiet; Tennessee 6s, old, %; Tennes
see 6s, new, 34ai; Virginia 6s, old, 20;
Virginia 6s, Few, p; Missouri Ga, 10Y.
Railroad bonds were strong. The stock mar
ket at the opening to-day was weak, and
prices declined 1i@4 per cent, but subse-
quently stocks became strong and there was
an advance Of l{@I1s per cent. on the entire
list, under large purchases, the leading fea-
ture at the time being Western Union, which
rose from S415 to 1914. During the after
noon the market was strong under 4 steady
buying movement. and at the close tine high
est quotations of the day were generally cur
rent Cleveland, Columbus, Cincinnati ard
Indianapolis was conspicuous for rise OF z
per cent, selling up from % to 81. New
York Central. Michigan Central, Lake Shore
and Western Union were all bought, and the
purchases were attributed to the return of
w. II. Vanderbilt from Europe. Rock Island
and other granger shares were firm on small
offerings. Transactions aggregated $4,000
shares. of which 1900 were Erie, $1,000
Lake Shore, 1900 Wabash. 5000 Northwest
ern, 1000 Rock Island. $500 st. Paul. 10, 500
Lackawanna, 1000 Delaware and Hudson
canal, 22OO Cleveland, Columbus, Cincinnati
and indianapolis, and 1900 Western Union.
The closing quotations were as follows:
Western Union telegraph company, 1913;
Quicksilver, 1854 Quicksilver preferred, 1874
Pacific Mail, 10; Marposa, lOl; Marpo-
ga. preferred, 10l; Adams Express compa-
ny, 1O314; Wells & Fargo Express com
pany, SO; American Express company, 40;
United States Express company, 481s;
New York Central, III; Erie, 1914; Enc
preferred, 324; Harlem, AZ; Michigan
Central. Il; Panama, %; Union Pacific
stock, Il; Lake Shore, 643s: Illinois Cen
trail, S21k; Cleveland and Pittsburg, 80;
Northwestern, 531i; Northwestern prefer
red, n; Cleveland, Columbus, Cinclnnati
and Indianapolis, 3015; New Jersey Central,
2924; Rock Island, l71a; St. Pau, 52l4;
st. Paul preferred, 1884, Wabash, 1915; Fort
Wayne, 81; Terre Haute, l02; Terre
Haute preferred, III; Chicago and Alton,
8l1; Chicago and Alton preferred, 1885;
Ohio and Mississippi, l09; Delaware, Lack
awanna and Western, $50; Atlantic and Pa
ciic telegraph, 2324; Missouri Pacific, l0l Z;
Chicago, Burlington and Quin-y, l074;
Hannibal and st. Joe, ll219; Central Pacific
bonds, l05lk: Union Pacific bonds, los;
Union Pacific land grants, 1855; Union Pa
ci6c sinking funds. l02.