Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-05-17
IBY TELEGRAPH.y
PARIS, May I6.-Rentes, I09f. 9715c.

d.
e PARIS, May I6.-Rentes. 1907. 971Sc.
NEW ORLEANS, May 16.-Gold, 10l
@lOl4. New York sight, Il premium.
STIRLING, 4S91s.
LONDON, May l6.-Consols for money,
SO 3-16; on account, 964. United States
AIS, 1919, ex-interest; do. 5-20s of 1867,
1854; do. 10-40s, los; do. new 5s, 1861;
Erie, 1891; Erie preferred, 30; Illinois Central,
IS; Pennsylvania Central, %.
NEW YORK, May 16.-Money easy at
3 per cent. Prime mercantile paper, 4@
) per cent. Customs receipts, $352,000.
The assistant treasurer discussed $4,000.
Clearings, $2l 100000. Sterling dull; long,
4S5; short, 4871S. Gold opened at 1908 and
closed at lO0&. Carrying rates, = and
! per cent. Borrowing rates, 15@l per
cent. and fat. Government bonds were firm;
coupons Of 1881, los; do. 1865, new, 104;
do. 1867, 1861; do. new As, 1868, 100; new
IS, los; new AIS, 1885; new As, 1OO7s;
1040s, 1863; do. coupons, 1861 currency 6s.
1873. State bonds steady; Tennessee 6s, old,
80; tennessee Is, new, $50: Virginia 6s, old,
%; Virginia 6s, rev. 81: Missouri IS, LOG.
Railroad bonds strong. One o. the leading
features of the day, in financial circles, was a
large investment demand for good securities.
Business IN government bonds was very
heavy at advancing prices, the market closing
at the best figures of the day. Railway mort
cages were also IN active demand by invest
Ors, and prices were firmly maintained.
Stocks strong and higher, and at one time
prices showed an advance Of e to IL PEI
cent, the latter in New York Central. 6ock
Island was also conspicuous, seliiD< 10 los.
The declaration of dividends "a 10th COM
mon and preferred shares of the Northwest
ern railroad, and tue fact tha.. the earnings
of the road for the trs.s twelve days of May,
show an increase II 1889, go, had favor
able influence Cd the market. The closing
nuOtQtIOQg ~ - 10 iha lob.
est OF the gay. The directors of the Chicago
and Northwestern railroad declared divi-
der.d OF ) per cent. on the common and 81
Ter cent. on the preferred stock. After pay
Ing these dividends the officers of the COM
pany estimate that there will be a surplus Of
nearly 315 per cent. on common stock. The
transfer books will be closed on the eighteenth
of June and reopened on the twenty ninth,
and the dividend will be paid on the twenty
seventh. The earnings of the Western Union
telegraph company increased 80, OOO for the
past week, compared with the same week last
year. The transactions aggregated 10000
shares, of which 5000 were New York Cen
trail, 1000 Ere, Is 600 Lake Shore, 1000 Wa
bash, 1000 Northwestern common, 5000
Northwestern preferred, 5000 Rock Island,
1000 st. Paul common, 2000 st. Paul pre-
terred, $1,000 Lackawanna, 1000 New Jersey
Central, 5000 Morris and Essex, 1000 Ohio
and Mississippi, and $500 Western Union.
The closing quotations were "a follows:
Western Union telegraph company. 8l5s;
Quicksilver, 16; Quicksilver preferred, 3012;
Pacific Mail, 1888; Mariposa, 10l; MaripO-
sa preferred, 1913; Adams Express COM
pany, I03; Wells & Fargo Express company,
901S; American Express company, 491s;
United States Express company, 4S;
New York Central, 1918; Erie, 124; Erie
preferred, 80; Harlem, Ala; Michigan
Central. 6416; Panama, 20; Union Pacific
stock, $685.; Lake Shore, 495s; Illinois Cen
trail, 761l; Cleveland and PIttsburg, 7416;
Northwestern, SIS; Northwestern prefer
red, ~; Cleveland, Columbus, Cincinnati
and Indianapolis, 2616; New Jersey Central,
1919; Rock Island. 1918; st. Paul, SIS;
St Paul preferred, 76li Wabash, 1871; Fort
Wayne, 80; Terre Haute, los; Terre
Haute preferred, Ill; Chicago and Alton,
92l6; Chicago and Alton preferred, SO;
Ohio and Mississippi, 1885; Delaware, Lack
awanna and Western. 551s Atlantic and Pa
ciic telegraph, 81 Missouri Pacific, 1913;
Chicago, Burlington and Quincy, 102;
Hannibal and st. Joe, 1921; Central Pacific
bonds, l01li; Union Pacluc bonds, 1914;
Union Pacific land grants, l0424 Union Pa
cifc sinking funds, 96a4.