Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-06-16
FINANCIAL.

The wind. were stu, Tn tun behind tn
cloud, aud lazj, del ress n hea, sUbiue
everything 10 quet vest riIy morn ng, anC
the banls N Madiso1 street caught ful
share Of the uanquilizinS influence, anC
had Ictlng TO tell. The exchange
rate yesterday remained at par buying anC
Il premiom selling on New York; on Othe
eastern cities par buying, and i premium
selling for both demand and sight; on New
Orleans, Discount buying, selling at par
The New York apers OF Wednesday report
The focllsiug acre the rates of exchange OF
New York at the aforementioned cities: Sa-
vannah-buying, par; selling, Il premium
Charleston scarce, nominally 3-l6l premium
premium. New Orleans-commercial
I-l6G "a premium; bank, Il premium. St
Louis, / 10 premium. Boston In good supply
at par. Chicago, p premium. Silver as last
quoted in London was jj3s "a 5313d per ounce.
At the New York price the bullion value OF
the 4l2lS gTuin silver dollar is 50 1929
report but a sale OF ten shares of Memphis
City insurance stock at 90.
IBY TELEGRAPH.7
PARIS. June l5.-Bente'. 112f Soc.
NEW ORLEANS, June I5.-Gold, lola
101li; New York sight. 3-l6@ L premium.
sterling, 1000 1925.
LONDON, June Ij.-United States 5-2Os
OF 1857, 1864 cx-interest; new fves, 1917
Erie railway shares, IS; illinois Central, 81;
Pennsylvania Central, 36ls.
NEW YORK, June l5.-Money easy at 3
per cent. Prime mercantile paper, $685.
per cent. Customs receipts, $4,000. The
assistant treasurer discussed fl0S, 900. Gold
clearinRs, $l2 600 900. Sterling steady at
Z. - II
closed az 1908, with sales during the day at
1903. Borrowing rates, !, 2l5 ana flat. Bar
silver, 1865 gold. Government bonds were
steady; coupons OF 1881, 100; do. 1865, new,
I04a4; do. 1867, 1878; do. new AZ, 1868,
I10l4; 10-40s, registered, 1917 do. coupons,
1919 new IS, lO54; new AS, 1885 new
Is, IOll6; currency Us, 1909. State bonds
nessee 6s, new, 80; Virginia 6s, old, 20;
Virginia 6s, rev, %; Missouri 6s, l06
Railroad bonds strong. The stock market
was weak in the early dealings; prices de-
clined TO 'R per cent; but subsequently a
firmer tone set in, and there was an advance
of Il 10 "a per mt. Ia the afternoon the
market WAS strong, especially for Rock Is
land, Western Union and Michigan Central;
the first named advancing on the semi-of-
fetal announcement that the next quarterly
dividend would be 21E per cent, or at the rate
of 10 per cent. per annnm at the close.
Inc w dDasn broke rom lfi4 70 ia, on &C
count Of the reports about the pending suits,
and the general list reacted from "a to IS per
cent There was more business in Quicksil-
yer preferred than there has been for some
time past, and the stock sold at 36, 81 and
3515 Lake Shore declined TO 6l33
on the rumors that the actual earnings
thus far ID June was not up to the estimates
made some time since on which the probable
dividend of 2 per cent. was based. Trans
actions aggregated 0i,000 shares, of which
$1,000 were Erie 1900 Lake Shore, 80 900
Wabash 5000 North western common ana
5000 preferred 400 Rock Island, $500 St.
Paul common. $500 Lackawanna, 2000
Michigan Central, 5000 Western, Union,
aud 400 Quicksilver preferred. The
following were the closing quotations:
Western Union telegraph company, 853s;
Quicksilver, l41S; Quicksilver preferred, 3515;
Pacific Mail, 1875; Mariposa, -; Maripo-
sa preferred, -; Adams Express compa-
ny, lO2lf; Wells & Fargo Express com
pany, 92; American Express company, All;
United States Express company, 4S4; New
York Central, OK. DIV, i0S5s; Erie, 1919; Erie
preferred. 81: Harlem, IA; Michigan
Central, 6S2i; Panama, l22; Union Pacific
stock, GJl8; Lake Shore, 6l38: Illinois Cen
trail, Sjt{; Cleveland and Pittsburg, 80;
Northwestern, 81 70; Northwestern prefer
red, ISIS; Cleveland, Columbus, CINCINNATI
and Indianapolis, 29ls New Jersey Central,
800; Rock Island, Ils4; st. Paul, 501S;
st. Paul preferred, 7S3s Wabash. 1873; Fort
Wayne, 95; Ierre haute, 1925; Terre
HaUte preferred, ia; Chicago and Alton,
IS; Chicago and alton preferred, lob;
Ohio and Mississippi, S5s Delaware, Lack
awanna and Western, 81 Atlantic and Pa.
cite telegraph, 22;5; Missouri Pacific, =;
Chicago, Burlington and Quincy, lO6;
Hannibal and =. Joe, ll2ls Central Pacific
bonds, lU7@ Union Pac,rc bonds, 1919;
Vntop Paciac Land p.-suts lO736. Union Pa.
cidc sinking funds, lC2.