Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-08-22
FINANCIAL.

With commerce dwindling down TO the
point of merely local supply, and with an
indisposition of the banks to add to their
loans, while depositing is almost suspended
from lack OF movement, financial movement
in this city is necessarily narrowed down to a
fine point. Exchange in our banks quoted at
par buying and selling on New York; on
other eastern cities par buying and Il selling
for both demand and sight; on New Orleans
d discount buying; selling at par. General
~ throughout the country there is little
change TO mention. The daily list Of bank
on which the bankrupt act ceases to be OPP
erative approaches. A few days will see the
old system, or rather mo system" bring
trouble and discomfort everywhere. San
Francisco papers intimate that the improve
ment in trade so universally anticipated has
already reached their happy shore; that ex-
ports and imports are increasing, money
plentiful at lower internal rates, crops and
merchandise moving freely, mining stocks
advancing and better inquiry for real estate.
This general activity has promoted a health
full and hopeful spirit among the people.
fBY TELEGRAPH.I
PARIS, August 2l.-Rentes, 112f 10c.
LONDON, August 2I.-Consols- money,
"a 1915; on account, 95 I-I6. United States
bonds-41ss, 1855; 5-20s of 1867, 1865;
l0-40s, 1854; new IS, l075s. Erie, 174
Ere preferred, 321s.
NEW YORK, August 2I.-Money market
easy at 116@2 per cent. Prime mercantile
paper p 3937S per cent; Customs receipts,
ant treasurer disbursed $S1 900. Sterling
exchange, bankers bills, 4S4; sight exchange,
1881. Gold steady at 1001k Borrowing
rates, II az per cent. Government bonds some
what irregular; coupons of 1881, 10724;
do: 1865, new, 1O219; do. 1867, l0515; 60.
iH%; new as, 1904; 10-40s, registered,
1ocaS, do. couD ons, l0S3s; currency IS, 1873.
State bonds quiet; Tennessee 6s, old, IS; Ten
nes1ee IS, new, 81; Virginia Is, old, 20;
Virginia 6s, rev, 81; Missouri Is, lob.
Railroad bonds steady. The railway and
change to-day passed through some marked
fluctuations. At the opening of business
there was heavy tone to speculation grow
ing out of the general disposition to sell
nearly the entire list. As result there was
a decline of 14@2 per cent, in which the
Morris and Essex, Michigan Central, Lake
Shore, and Granger shares, were most con-
sspicuous. In the evening the market was
6rnnn-, cd p-ioo~ ~1~"s"Ad L-H921< Per ee=t
Later the Morris and Essex and the entire
market participated in this improvement,
which was sustained until nearly the close,
when there was a partial reaction. The
transactions aggregated 123,OO shares, OF
winch 1ZUU were new OSnIIdl, iOOO
Erie, 1000 Lake Shore, 1900 Wabash. 5000
Northwestern common and 5000 pre-
ferred, 1000 st. Paul common and
1900 preferred, $4,000 Lackawanna, $500
Michigan Central; and $500 Union Pa
ci6c. Closing quotations. us follows;
Western Union telegraph company, 9158;
Quicksilver, III; Quicksilver preferred, 33155;
Pacific Mail, =; Mriposa, 10l15 Maripo-
sa preferred, 1918; Adams Express compa-
ny, LOG; Wells & Fargo Express compa-
ny, $50; American Express company, 1871;
United States Express company, As; New
York Central, 1101s; Erie. 1614; Erie pre-
ferred, 81; Harlem, 1873; Michigan Cen
trail, 20; Panama, 1853; Union Pacific |
stock, 654; Lake Shore, 655s Illinois Cen
trail, 794; Cleveland and Pittsburg, 70; |
Northwestern, 35; Northwestern prefer |
red, 661s; Cleveland, Columbus, Cincin- |
natl and Indianapolis, 2534; New Jersey Cen |
trail, 3412; Rock Islaud, 1874; st. Paul, 31116;
st. Paul preferred, 69B Wabash, 114224 Fort |
Wayne, 942s; Terre Haute, 101; Terre |
Haute preferred, 1929; Chicago and Alton,
ex div, 80; do. preferred, eB div, lC09; |
Ohio and Mississippi, II; Delaware, Lack |
awanna and Western, 53114; Atlantic and Pa |
cifc telegraph, 251z; Missouri Pacific, 1Ol4; |
Chicago, Burlington and Quincy, ex div, 1O8; |
Hannibal and st. Joe, 1121a; Central Pacific |
bonds, 106; Union Pacific bonds, 106; |
Union Pacific land grants, 10438; Union Pa |
fic sinking funds. lob.