Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-12-13
FINANCIAL.

II ia useless making something out If
nothing" this morning. Among the banks on Mad
ply OF exchange Exchangs was quoting sight on
New YORK, anu dsm tHd Oh New England ~ on; sight
on New Englani y IN. selitIg a psr: on NV r
lears, IA discount buying. selling at pif. Shelby
county scrip buying At 81, -tlii at so Last sales
weak Gas stock was selling freely. but las no Sc:
q Id rate for Ha.t Of trdnsac ions. The rev YORK
World OF Monday, says; Exchange on New YORK
has at last recaed J. at the sJUth. The quet1tons
being l. discount = j. premium IL -ayanuah and
ChlrlesIon. and 5sIis discoun, In New Oil Al
Chicago ths ltge ecelp,s Oi culIe.cy rom Inl9
pOiut, sent on 10 paw for wheas bong on sp-cu n
lion. have apparently stoDped Ih4 guinness In *
cIpnge, and tn7 rat Tor i've ID, past i quJed 81
PEI SlOOl dis cunt bullng aid ) per SIT 70 PIE
p Iat" and d' Ia Boston Doc De1 1000 prem UNI
The following from the New YUrA Tribune
The bank statement o. IN week presents chtnges
OF unus lal siguinclhcs II mus De borne IL mind
thar ali the sold reported by the backs, except
small sum- IS the plvp,t 81 sp cidl depos tofs, and
tn Al under the rsDlutiOt Ct tee gearing house The
banks on and alter January t VIII refuse 10 keep
special gold accounts. Hence VI lsss tue present
special deDO-iO intend TO permit their COLO TO be
mingled with general Gu, Eency account, II VIII De
neces ar' Tor them 10 VI hiraw the gold from pa
before JAnuarj { and become tbeir own bankers In
spesls IL 'sS % M lHtt I ~ ~, se ps NELL VI
ceefed Us coin receiPts, The reported loss u 81
this withdrawal has already begun % COZ Sc con
tiuuance OF this loss u spec,e In tie next thiee
weeks anu tie consequent iedu-ton % tne amount
hell by the banks TO S6.tIOO,OuO or ST. OOO;OOO
would have important effect upon the bank
reserves, and wouli create a temporary sirn-
RencY N tie IN teY market Bu. tue eN-
p insIOn OF 53.777 100 IN iOaus durag the
pa week shows that the ranks are not anticipating
such result. The loss or 'gtltendetS at thiS sea
son Is a natural dnG healthy movement y The New
YORK Post Ia es since tie treasury has mad
supply OF II ~ grain silver dollars there has been
NO legal Obstac.e u pAyldg hem Olt Tor the current
dsDts OF tins gov rninent.' The Chicago Tribune
OF MONDAY, says: "rne cleaTiugs OF the chicago
banks showed an Increase OF ! p cent in money,
rep eseniing much Larry g,in IN commodities IN
tue four weeks ending n 5abtr 30 Last VT ek tn
It
1hs WAS Largely oue To the wueaf ole'aIiOns on the
DO trd OF ira e but b-yoad tnis there Is unmlsak4
big an improvement IA the iina' cidl conutl n as
eonOfrei with In time last year The 81 Lou
business was noted In cOmm-Ic!al I'm, s. aud com
ter business rs only In a routine way There Is a
YerJ Indifferent demand tom the country Tor els
counts amt 1 small demand for currency orders
Toe New OI-ans PtctyyfHs, or Tuesday, notes more
CENTS OF cotton. btt thers VAS 40 charge in the
street. We cOnnnue T. quote Ncsptiond CONNER
ci4I lper at & ger cent. per annum Discount; Al
on collatsrals, g."
TBY TELEG6APH.l
NEW ORLEANS, December 12.-GOld, 1s7 Il.
New York sight, i discount Sterling exchange
LONDON, December 1875 GonsolsccfOr
m9n7 70 Sa acSGh fa ~ eadnG 1Sha
Rue, 1919; preferred 3lls 5-2Os OF S6I. lOS@s;
D. eeT 2' I Re les" ii2f s9I
NEW YORK December l2.-Money market easy at
~. cpt per rSs assistant rt asuTer dsbRFssd
OO0. Customs receipts, S3l7.OOO CleaTlnss, So
oOoOQ0 ote,llug eHchdlEe-p ,Lker7 DIS s'I9n n
quiet. IODls. Carrying rates, l2d4 yer ce,t b n
rowing rates fiat Govern Lent ponds STEADY; coa-
H. Io4 ne new as Io$; iO40s. registered,
state ponds duh: tennessee is, old, Boz Tcnuess-s
6s nes 2gs4; Virginia ,t IS Old q; ,osi5 g
Railroad bonds were quiet. The stock market was
ri from ID u
clOSe the cJdl stIrkS recovered IA 81 Pc Cent anu
he general list lsiYL4 per cent The weakness In
ail~ay shares W., based kilograms from Wash
ng on that the senate Oud probably pass the house
etc and The al stocks declined the report that
ths L-hgh Valley Company had refused - enter Into
tns ne" on tg m he roJt mat
the freight traffic bling diverted from hat road
and ths Canad. Southern ana given to the Lake
Shore. Speculation In western Union was rather
tame. reports current that arrangements are be-
ing III AIDE for the formation OF new Telegraph com
pany and thai large amount of capital had already
been pledged. IL Is said that II the olli authorizing
RAILROAD mp mics to do g7u =ru Geographic Odsl-
ness should become a ltw, IN pTuiec ed company
will propose to purchase the teleZr ph.c appart IS
ana property OF the railroads pnlnE Tor Il ~ t5e1
graph STOCK. Transactions -; sresAted 1850 10
shares, OF which 1000 wsre Lake SHORE, 1000 Wa
bash. 10000 Northwestern common. 100000 pre-
ferred 5000 81. Paul common. 5000 preferred,
2gOJO LacKawdnna. 5000 New Jersey Central,
1000 Morris and Essex. 300 Michigan Cen,TLl,
1000 Union Pacific, 2O0D Cleveland. Columbus,
Cincinnati ana Inumnap lis, and 1900 Western
Uaijn. closing quotations were As Icllohs:
Western Union telegraph company. Slls, QinCksll-
YER II; QucksliSsr preferred, B2si; racine NAL,
I3Is; ManpOsa, 5ls; haripOsl preferred, Big:
Adams express company, 100; Wells q fargo tx
press company, as American eX.TeSs company,
a; United States express company, 46l2;
New YORK Central, 2l2; Erie IS; Erie EiefeTTe.i.
32Ia; Harlem, l42; Michigan Central, bIl4; Paha-
ma, l2l; Union Paoihc stock; 80: Lake Snore,
6SXi; Illinois Central. n; Cleveland and Pitts
burg S2ls; Northwestern, ! Ia Nor hwesIern pre-
ferred, Tia; Cleveland. Columbus Cincinnati and
Indianapolis, 52ll New leTSey Central, 2S'S; Rock
Island, 1874; 1t Paul 3i3I, 81. Paul preferred,
72X; Waba N, -; Fort Wayne, 1904; Teirs
Htuse, la; TeFre Haute preferred, /; CGIcigo and
Alton, 1914; Chicago 4nd Alton pfeterred lu2 ONO
and Mississippi, zig; Delaware, LackaNanna aud
Western. 42ss; Atll. lie aud Iactnc telegraph, Z9
Missouri Pacific. lll; Chicago, burlington and
Quincy, 100; Hannibal GtG =. Joe, Ia
H4nnbIl aud s. Joe ptet.red ..5i Cen
trail Pacific bonds, IS4, Union Pacific bonds
7ss: Union Pacific land grants, Z; Union Pa inc
sinking fund, BIZ.