Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-04-16
FINANCIAL.

We were unable TO find any change in the
situation among the banks yesterday. Money con-
tnued plentiful, with few borrowers, and exchange
was i'm rather light supply but fully equal TO the de-
mand The Union and Planters bank reduced theiI
rae o. ,ntersSt 70 81 per 70 Su at ssS
back the same institution was the first to reduce
their rates from ten 10 eight per cent thus proving
to the entire satisfaction OF our people that their
only object IS the public welfare. Exchange
and selling Il Premium all points In New Eng
land demand Is, and sight y discount, selling IA
oar. Money ss5iO per cent. Shelby county Scrip
quoted soc, buying but very dull, little or none
50; Tennessee, new issue, 33d35; Mississippi
and Tennessee railway hrst-mortgage bonds exc u
bonds 90; fernando Insurance stock liz; Bluff
City Insurance, ~.
fBY TELEGRAPH.l
PARIS April I5.-Rentes, II4f. 97I5c.
NEW ORLEANS, AIrll 10. - Sight exchange on
bills, 1918.
LONDON April 15.-C onsols-money, % Is is;
Illinois Central, 81; Pennsylvania Central, 1884
Reading, ] 4; Erie, %; preferred, ALA; 10-40s,
I0324 new IS. 1908; new 4l5s, 10S; new As,
NETWORK April I5.-Money market easy at 4t55
percent Prime MERCANTILE paper 4I9dS52 per cent sent
SteIillg eAchenge U'iIs uI, 5oO4' os
active and strong; coupons 1881, lQ6ls; new
IS, l049si new 4lss l05ls; neT A. SS$4; lO4Qs'
12iIb Stale bonds dull Tennessee S. old, 81;
T T9gss as ' n RS% Isl MISSOURI o' So ola
Railroad bonds we're generally strong. The stock
market was active but irregular, granger and coal
shares and Union Pacific being weak. he resi- OF
the list was generally stro5g esPeci,aIly Kansas
1914. The Kansas Texas was also strong, selling
up from ISIS to l43, and st. Lou and North
ern showed improvement, for the day ia on COM
mon and IIs on preferred. wabash advanced
III. The Northwestern shares, under free offerings
fell Off -. ST. Paul closing at yesterdays
prices. The coal shares advanced slightly In early
dealings, but subsequently lest improvement In
the OF the list final dealings were al an advance
from the lowest point lsD2is excepting II on
Pacific. Transactions aggregated $4,000 shares,
1900 wabash. $4,000 Northwestern common,
5000 preferred. 1000 st. Paul. $4,000 Lacka-
wanna, 5000 Michigan Central, 5000 Ohlos, 5000
Western Union, $4,000 Kansas Pacific, 1000 Kan
Northern and / 1000 ST. Louis and San francisco
The closing quota ions we're as follows:
Western Union Telegraph, 1888; Quicksilver,
12Is; Quicksilver preferred, 35l2; Pacific Mall, Ia
MaripOSa, 3; MartpOsa preferred, 4; Adams express
1905; Wells 4 Fargo's express, 9a$4; American
express 4S; United States EXPRESS, 47I2; New York
Central, ll6; Erie, 25 EIte pretd. A; har-
lem, ISL; Michigan &c trail, So; Panama, 1885,
Onion Pacific stock. ~; Lake Shore, 7I3s;
Illinois Central, 85l4 Cleveland and PtsbuTg. pZl2
Cleveland Columbus, Cincinnati and indianapolis
4O34; New Jersey Central. Al Rock Island
3O13; St Paul. ass; st. Paul preferred, S134
WABASH, %; Fort WaJne 1905 TeTTe Haute, =
offered: TeTre Haute preferred -; Chicago and AL
ton 74 Chicago and Alton prefer cd, 1OS; Ohio and
tern, 1874; Atlantic and Pacific telegraph, 3d.
Chicago Burlington and Quincy, 1919; Hannibal
and Sc. Joe, Is; Hannibal and ST. Joe preferred,
az: Canada Southern. 81; Central Pacific bonds,
land grants, Il0l4i Union Pacific sinking funds,