Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-20
Mississippi and Tennessee.
Memphis and Little Rock.
FINANCIAL.


'the money market yesterday was still very
much under the influence of the weather,
and was very much Frustrated" The quiet
ude and monotony OF things give nothing to
be reported. Money is abundant at SOLO
per cent with quiet though increasing de-
mand for it. Exchange quoted at par buy
ing and a premium selling on New York;
on other eastern cities par buying, and Il
premium selling for both demand and sight;
on New Orleans, Il discount buying; selling
at par. There Is evidently some anxiety
about the approaching annexation. Five
months passed, and the day of resumption
will be here, and yet gold is at premium Ct
FIVE .eighths IL Is said that when the secre-
tary of the treasury made his late visit TO
New York as much effect would be produced
rs on his previous one when he secured
his fifty millions of gold. and that he
would leave gold at one eighth. Such views
are entirely disappointed; the premium holds
up. Ii the country required the silver now
coined and lying IN Washington by the ton,
and 1t could be got into circulation, 1t would
ease matters, but the coin is not wanted and
lies d cad weight. There Is talk that the
government will pay It out in its transactions,
but that will not make it circulate when the
people do not want IT, and those having busi-
ness with the government will pay back to it
with one hand what they receive with the
other, so that will afford no relief.
IBY TELEGRAPH.I
PARIS, July 19.-Rentes, ll4f. Zoe.
NEW ORLEANS, July 19.-Gold, 100ss@
I0056; New York sight. Il premium. Ster
ling exchange, bankers bills, 486@487.
LONDON, July I9-Consols-
% ZIG; account. 95 GIG; Illinois Central, 50;
Pennsylvania Central, 81; Reading, 20;
Erie, 1915; Erie preferred, 3312; 520s Of
AS, 1867.
NEW YORK, July 19-Mouey market
easier at 1902 per cent. Prime mercantile
paper, 394 per cent. Customs receipts,
$4,000. Clearings, 81 900 900. Sterling
exchange, bankers bills, 4s3; sight ex-
change on New York. ass. Dry goods i'm
ports for the week, 81 1868, COO. Gold opened
and closed at l005a. with sales during the
day at 1909 Borrowing rates, fiat to per
cent. Carrying rates. l per cent. Silver
bars, here, 11515 greenbacks, lis gold; silver
aud steady; coupons OF 1881, l07A; do. 1865,
new, 1925; do. 1867, 1854 do. 1868, l07; do.
new IS, 1928; do. AIS, lU415; do 4s, lO012 !;
10-40s, registered. 1855; do. coupons, 109;
currency 6s l2N sta state rd bonds quiet Ct
GINA IS, rev, 20; Missouri IS, lO6.
Railroad bonds were generally firm. The
stock market this morning opened strong, es-
peclally for Western Union and Lake Shore,
the former advancing rapidly from 904 to
921S. Toward noon the grangers became
weak for common stocks, which declined l(9
IL per cent. There were large purchases OF
Lake Shore at 6215@6224, despite the weak
ness in the general list. In the afternoon
there was a further decline of 4@H for the
granger shares, and 15@55 per cent. for the
general list. At the close the market was
firm, with recovery OF Is to Is per cent:
Transactions aggregated $4,000 shares, OF
which 5000 We're Ere, ll,OOO Lake SHORE
1900 Northwestern common and lOOO pre-
ferred, $4,000 ST. Paul common and 1000 pre-
ferred, 1000 Lackawauna and 10000 West
ern Union The closing quotations were:
Western Union telegraph company, Ella;
Quicksilver, IS; Quicksilver preferred, 3219
Pacific Mail. I73s; Mariposa, 1904 Marlpo-
sa preferred, 1904; Adams Express compa-
ny, I0415; Wells & Fargo Express COM
pany, 81; American Express company, 411si
United States Express company, 414; New
York Central, 149; Erie. l558 Erie pre-
ferred, 3l24; Harlem, l39; Michigan Cen
trail, 81; Panama, 125; Union Pacific
stock, 627S; Lake Shore, 6235; Illinois Cen
Northwestern, 49lf; Northwestern pre-
ferred, 775s; Cleveland, Columbus, Cincln'
natl and Indianapolis 262{: New Jersey Cen
trail, 80; Rock Island. 1l31S; st. Paul, 4814
st. Paul preferred, 81 b; Wabash, ll411S; For
Wayne, 94li; Terre Haute, 1Ol;, Terri
Haute preferred, 1918; Chicago and Alton
S216; Chicago and A ton preferred, 103
Ohio and Mississippi, 715; Delaware, Lack
awanna and Western, 81; Atlantic and Pa
ci6c telegraph, 274; Missouri Pacific. 10l
Chicago, Burlington aud Quincy, 1124
Hannibal and st. Joe, ll2f; Central Paclh'
bonds, 1858; Union Paclhc bonds, 1888
Union Pacihc land grants, 1851; Union Pa
ci6c sinking funds. IC34.