Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-07-27
7 BIZ IEL.tGhAPH.T
DADIC IL Oe Dr. IIOc eOr Z


NEW 0RLEAN Ms, July 26.-Gold, IO03S a
1905; New York sight. 4 premium. Ster-
ling exchange, bankers bills, 485@4851<.
LONDON, July 26--Consols, % 5-16; Hi
nois Central, S724; Pennsylvania Central,
331s; Reading, 10; Erie, l75s; Erie pre-
ferred, 331f; 5 20s of 1867, l0S1s; l0-40s,
1111s; new IS, 1885; AIS, 107.
NEW YORK, July 26.-Money market
easier at l15@2 per cent. Prime mercantile
paper, 3@4 per cent. Customs receipts,
$185,000. The assistant treasurer disbursed
$4,000. Clearings., $500; 600. Sterling
exchange-b bankers bills, 4o2; sight ex-
change on New York, 485]s. Gold steady
at l0015. Borrowing rates, Pc per cent.
and fat. Government bonds firm; coupons of
1881, 1919; do. 1865, new, 1925; do. 1867,
1855; do. 1865, los; do. new 81, 1914; do.
as, l042; do. As, l001s; 10 40s, l09; do.
coupons, 100; currency 6s, 1905. State bonds
steady; Tennessee 6s, old, IS; Tennessee
6s, new, 3319; Virginia 6s, old, 20; Vir-
ginia IS. rev. 20; Missouri Is. los.
Railroad bonds were weak. The stock mar
ket this morning WAS more active than for
some time past. and dealing were attended
with great excitement. There was a break
In prices OF 1S@34 per cent, although
Lake Shore and Western Union at first re-
sisted the attacks OF the bears. Enormous
blocks of North western, st. Paul, Lake
Shore, Erie, and Delaware, Lackawauna and
Western changed hands. The decline was
based on flood OF kilograms from the west
that the weather was wet and unfayorable for
harvesting. Daring the afternoon the mar
ket was decidedly firmer, the entire list re-
cording an advance of 1@@218 per cent, the
latter Northwestern preferred. The other
stocks conspicuous in the improvement were
Northwestern common, Lake Shore, Western
Union, and Delaware, Lackawanna and
Western. The sharp decline early IN the
day brought in strong buyers for the long &C
count. Transactions aggregated 26S, 900
shares, of which 29, 600 were Erie, 81 600 Lake
Shore, IS, 600 Northwestern common and o.
600 preferred, $4,000 st. Paul common aud
1900 preferred, 81 COO Iackawanna, and
5000 Western Union Closing quotations.
Western Union telegraph company, 9l4;
Quicksilver, ID; Quicksilver preferred, 3312;
Pacific Mail, l6l4 MGriposa, l003a; Maripo-
sa preferred, l00B; Adams Express compa-
ny, 1041si Wells < Fargo Express compa
ny, "; American Express company, 464 /;
United States Express company, 46l4; New
York Central, 1885; Erie. III Erie pre-
ferred, 3l4; Harlem, l39; Michigan Cen
trail, IS; Panama, l25; Union Pacific
stock, 6224 Lake Shore, 625s; Illinois Cen
trail, IS; Cleveland and Pittsburg, 81;
Northwestern, 49,; Northwestern pre-
ferced, 1855; Cleveland, Columbus, Cincin-
natl and Indianapolis, 2515; New Jersey Cen
trail, 354; Rock Island, ia; st. Pau, 40;
st. Paul preferred, 1854 Wabash, 1888 Fort
Wayne, SO; rerre Haute, l0l; Terre
Haute preferred, 1885, Chicago and Alton,
50; Chicago and Alton preferred, 103;
Ohio and Mississippi, ~; Delaware, Lae k
awanna and Western. 573s Atlantic and Pa
ci6c telegraph, q; Missouri Pacific, 11l16;
Chicago, Burlington and Quincy, Ill;
Hannibal and St. Joe, III; Central Pacific
bonds, 1855; Union Paciuc bonds, 1855;
Union Pacihc land grants. 1864; Union Pa
fiic sinking funds. I00ls