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

Inc O1nsS were DONG lEtIe Yesterday, INT
decoration ceremonies almost closing business
Exchange was at par buying and !! premi
um selling on New York; on other eastern citiet
par buying, aud l: premium selling for boil
demand and sight; on New Orleans. Il dis
count buying, selling at par. The New 1orl
Times OF Sunday reported: The following
were the rates Of exchange on New York al
the aforementioned cities: Savannah-buy-
lug, pLr; selling u premium. Charleston
very scarce. New Orleans-commercial,1 s a
LILO; bank, 4 Chicago, p premium. Bos
ton, l2J< discount. st. Louis. lilo premium
Silver IN London closed NJ 533sd per ounce
At New York. the price bullion value of the
new silver dollar was about 80 cents gold
The St. Louis Globe Democrat, OF Tuesday,
says little business WIS doing at the banks
although 1t was the FIRST Of the month; dis
counting was light, higher than usual. The
Cincinnati Enquirer, OF the same date, re-
ports money plenty at 7dS per cent, and
sometimes under, with quiet business. The
Chicago Tribune, of Monday, finds business
at the banks not very satisfactory; applica-
tions for money were light; rates, 6@l0 per
cent. In our local stock market nothing was
10 be heard of.
IBY TELEGRAPH7
PARIS, June j-Rentes, HE lie.
NEW ORLEANS, June 5.--Gold, lola
10llf; New York sight, 3-l6@4 premium.
Sterling, 4S9.
NEW YORK, June Money easy at
3d4 per cent. Prime mercantile paper, So
Al per cent. ClstomJ receipts, 1926, 600.
The assistant treasurer discussed $lS7 COO.
ClearinRs, G., 100000. Sterling strong; long,
43411; short, 1863. Gold was steady at
1000. Carrying rates, per cent; borrow
ing, Hat 10 2 per cent. There was an in
creased investment demand for government
bonds this afternoon, and prices made fur
ther advance, with the largest transactions in
AS. Toe feature ~ the market was u rise
in the registered bonds of '6S from So bid to
81 sales The m0~ket closed strong; cou-
pons Of 1881. l0S5s 10. 1863. new. l0424
60. 1867, 1925; do. new As, 1868, 1895; new
5s, 1855; new is, 1885; new Is, iOl a;
10 40s, regular. 1895 do. coupons, 1073s;
currency 6s. 1884. State securities were
steady; Tennessee o., old, 40; Tennes-
see s., new, 3358; Virginia 6s, old, %;
Virginia 6s, rev, p; Missouri IS, 1857
Railroad bonds firm. The stock market this
morning was strong and higher, with an adj
vance ranging from i to l35 per cent. in the
entire list. Dealings were large, especially
in Northwestern, Rocl, Island, Erie, st. Paul,
Western Union and Delaware, Lackawanna
and Western. After midday prices declined
slightly, owing to 4 break in Erie from I75s
to 1874 but subsequently IA strong tone set IN
and there was an advance of 4 to Ia per
cent, led by Chicago, Burlington and Quincy,
reaction of II to y per cent. Transactions
aggregated 10000 shares, of which 5000
were Erie, %, 900 Lake Shore, 1000 Wabash,
1900 Northwestern common and 5000 pre-
ferred, 100 Rock Island. 1900 st. Paul
common and 1000 preferred, 1000 Pitts
burg, $500 Lackawanha. $500 New Jersey
Central, $500 Ohios, IL 900 Western Union,
2500 Pacific NJ Ill 100 Missouri, Kansas and
Texas, and 1000 Chicago, Burlington and
Quincy. Closing quotations were as follows:
Western Union telegraph company, S9A;
Quicksilver, 15B Quicksilver preferred, "a;
Pacific Mail, 1914; Marposa, l01; Maripo-
sa preferred, l0l; Adams Express compa-
ny, I039l; Wells K Fargo Express COM
pany, "a; American Express company, 1914
United States Express company, 4814;
New York Central, ITO; Erie, 1914; Ere
preferred, 33lf; Harlem, l47; Michigan
Central. 6Sli; Panama, lis; Union Pacific
stock, 693S; Lake Shore, 635s; Illinois Cen
trail, 49,; Cleveland and PIttsburg, 1885;
Northwestern, 53l5; Northwestern prefer
red, III; Cleveland, Columbus, CInclnnati
and Indianapolis, %; New Jersey Central,
304; Rock Island. ll51s; st. Paul, So;
st. Paul preferred, S0Li; Wabash, 151s; Fort
Wayne, 81; Terre Haute, 102; Terre
Haute preferred, III; Chicago and Alton,
BOZ; Chicago and Alton preferred, l04;
Ohio and Mississippi. 8; Delaware, Lack
awanna and Western, 500; Atlantic and Pa
ciic telegraph, 24ls; Missouri Pacific, liz;
Chicago, Burlington and Quincy, 1855;
Hannibal and st. Joe. Ill; Central Pacific
bonds, los; Union Pacific bonds, 1913;
Union Pacific land grants, 1865; Union Pa
eidc sinking funds, lOOl4.