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

There was q good degree OF activity at the
banks yesterday, but no change In the situation re-
maud, and fr,ey supplied at SdlOc per cent. per
annum, ths former for bunk cilstou.eTs- Exchange
was quOting slant on New York. and demand on
New England - OF; sight = NeS England ~ of,
selling al par; on New Orleans Il discount buyng,
selling at 80. Last "a es OF Memphis cOmpr. mi, e
bonds were at SO, and weak. Gas ock was selling
tons. re New York Herald CT sunday, rep rts:
The following were the raes CT exchange on New
buying n offered selling IL premium; Charleston
buying b discount, selling paTalJ premium; New
Chicago Am. buying 40 discount selling 10
premium, and Boston. 20 per cent pre- MUM )"
Congress made the silver dollar legal tender,
bit neglected to proyice that the government
Hence tue banks are unable to pay gold for silver.
Gold certificates are at premium, because they are
scarce and more convenient than the coin 10 han
die, guard store Hs ce the banks prefer TO Keep
In cert cdtes rather tnan In mt tai, and as
the treasury has stopped Issuing c-It,icates the
banks refuse u pay out those which they hold, and
tender the solid coin when gold Is deman1ed
in the supply OF currency 10 move the crops is be-
ginning 70 be counteracted by receipts from New
York" The ST. Louis Republican, OF Tuesday:
None OF the principal int ests are seeking special
aecommod,i,on and the demand from The country
reports: The money market was hrn, With the de-
banks generally are disposed 10 encourage
TBY TELEGRAPH.I
NEW ORLEANS, December 11:-GOid,, 1s1 H..
New York sight; = discount, Sterling exchange
LoNboS; bessIa9eT liz Pm- {I9s, &c,
money, ~ -l6 on d count ~ 0.lb' Illinois Cen
Erie. iSis; psefeued, 81; new 5s. IOsll Others un-
change The emoqnt or bullion gene in s;l2 600.
NEW YORK. December II. : Money easy at
36 per cent Prime mercantile paper 4l5sIs
099 Customs TeeelHtS S265'q00 Clearings, 81
4S2is. Sight exchange on New York, 4sIIs Goidi
quiet, lUyls. Carrying tat 5. lsI 2 GER cvut. Is y
OF 1881. "a; DO lati3' new, l9:}3s; do 1857. lg6;
DO. 1858. 1922; new 6s l06i4; new 4I2s, l04;
coupons, iol3s; currency U.s. l9is State bonds
nominal; Tennessee IS, Old 3B; Tennessee
IS. new 8o2s; virginia Us, DID, %; yT-
road bonds nfm.. The stock market was nrm
early In th3 dag and prices advanced IA y per
ment 50! In, under which the Delaware. Lackawauna
and Weste declined u, Northwestern common. 3D.
showing only fractional recovery from the lowest
point, except Ia the case or coal stocks The selling
movement was based en- tie lntroduet on OF 4 Diil
in the house Of representatives TO preyens di
crimioatOn by the conmls slonS ard pIOhibtt' the
pooling OF freight Coal stocks towards The
close advanced, 2ss for Delaware and Hudson,
las for New Jersey Centa, lls for Dsla"aTe,
LackaWauna and Wabash, and per cent for Nor
rls aud Essex. The Use III these shares was due o
the covering OF Stort contracts. Transactions. l56,-
OlO shares. or when 24oU were Etl-' tUpO Lake
Shore. 1000 We.tsfn. 10000 No Invest rn cJm-
mon, 5000 preferred, 1000 ST. Paul common, POGO
preferred. $4,000 La'ktWaEId 1000 New Jersey
Central. 34OO Del IWare EGd Hudson, o 900 Morris
aud Essex. 1000 Union Pacific 1000 Ohio, and
l7OOD Western Union. Closing. quotations.
Western Union telegraph company. g4la; Qucksil-
YER l2i2; Quicksilver preferred, 32li Pacific Mall
1874; MaTipOSi. 544; hariposa pTefeITed 3l4:
Adams express company, iOH; Wells q Fargo eX-
press company. as; american express company.
47S.e dividend; United states express eOmpany,47;
New York Central, Dip; Ere, iI7S; Erie preferred
32la; Harlem, AZ, Michigan central. 6SLi; Pana-
ma l2l: Union Pacific stock. G.l23: Lake Shore,
BS43; Illinois Central. 77I5; Cleveland and Pitts
burr SPA; Northwestern, 41as; Nor hwesteru pre-
ferTed, 7ti4; Cleveland, Columbus, Cincinnati and
Indianapolis, Biz; rev Jersey Central, 2pi4; Rock
Island, IlS; St Paul. 35ia; st. Paul preferred
1914; Wabash, 22iS; For Wayne IOUi3; Ierre
H4u e, >: TeTTe Haute preferred, 6l2; Chicago and
Alton, 1855 Chicago and Alton preferred 1925 Ohio
and Mississippi liz; Delaware Laclawanna and
Western, 4}as: Atlantic and Pacific telegraph, 20;
Missouri Pacific, IL; Chicago, Burlington and
Quincy. ga; Hannibal and ST. Joe. 1881;
Hanni6i aud ST. Joe preferred 34l4; Cen
trail Pacific bonds, 7at; Union Pacific bonds,
734; Union PAciuc land grants, ia; Union Pacific
sinking fund, SI2.