Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-07
EINAt AL.

No maiden was eve q pc modest about
saying blushing yes thas me banks are az this
time IN giving news. With e. good supply of ex-
change ginning in everything . 1nchanged. The
New York Post says: Unless demand bills can be
inevitable Tne only Question therefore, at the
moment, IS whether any OF the bankers are pre-
pared 20 supply the market az actual current rates
The present condition Of the foreign exchanges may
be said to be wholly due TO the refunding operations
OF the government such result as gold exports
was fOreseen. and an attempt TO avert Il was made
by organizing syndicate 70 sell me Tour per cent
bonds In Europe. This syndicate has been moder-
ately successful but not TO the degree necessary TO
cOunterbalance In the exchanges the return home
about gold exports as without doubt they
can be kept within safe limits In our
count. all points N New England, with grace Is
discount; New Orleans u discount and sell on all
points at par. MOney sd 10 per cent shelby county
scrip quoted S2ds3 buying. 80 selling. Last sales
were: Memphis gas stock, 20; Tennessee, new Is
sue, 4064l; Mississippi and Tennessee railway
Memphis gas bonds, 30; fernando insurance stock,
III; Bluff City insurance, IL 80.
by TELEGRIPHl
PARIS, March B.-Rentes, lI2f. 77Igc.
LONDON March e. Consols-money a6 7-16;
Illinois Central, 81; Pennsylvania Central, 36;
Reading. l23i; Erie. 26 preferred, 45l2: 5-20s OF
1857, lO4i lO-4Os, lO4; new %, lO65s 4l2s, lOISi
As, 1924.
NEW ORLEANS. March q sight exchange on
New York at par; steIlirg exchange bankers bills,
4S6.
NEW YORK, March 6.-Money market active,
3d6 per cent, closing at 3 per cent. Prime
mercantile paper 3l2UO per cent. GIeFllng e1-
change bankers bills frm, 1854; New York
sight. 4Sgl4. government bonds steady lead.
coupons 1868, lO2Js; new IS, 1045s; new 4l2s
Ir5is; new IS 100; lO-4Os, registered; 1O2; 10
4Os, coupons, lO2ls; currency rs, l2l4. State
securities quiet except Louis aUa consols, which
closed active and higher; Tennessee s. old.
Bag; Tennessee rs, new, 24i virginia 6s, Old
%; Virginia is. new. 2Sl2; Missouri IS, l04.
The stock market to-day was only moderately act
i've ana marked at times by considerable depression
At the opening firm tone prevailed but a weakness
set In anC before noon decline OF l4Dll2 per
ceat took place, Northwestern and the coal stocks
leading the decline. Shortly after midday a frac-
tional recovery took place. which was followed by
another downward movement, prices falling l4I2i4
per cent from the highest pOntt latter tor North
western. Western Union was somewhat erTatic, adj
Vancing from iOI to 1906 and declining TO l0434.
The market closed at recovery CT lIdS4 per cent.
Transactions aggregated l75OO0 shares, OF which
1900 were krie, $4,000 Lake Shore, 25,0O0
Northwestern common, $4,000 preferred, $4,000
st. Paul common, $500 preferred, 2S,00O lackS-
wanna, $500 New Jersey ntral, $500 Union Pas
cific IL 600 Western Union and 1900 Missouri,
Kansas and Texas. The closing quotations were:
Western Union Telegraph, l0434; Quicksilver, IL {;
Quicksilver preferred, 1884; Pacinc Mail, l3l2 MARI
1O5; Wells * Fargos express, SSl2; American eH
press, 4qS4; United States express, 4SI; New York
Central, l5ls; Erie POI Erie preferred, Al HAT
lem, l54l2 Michigan &c, trail, Sll2i PANAMA. 1873;
Union Pacific stock, -; Lake Store, IL; illinois
Central, Slls; Cleveland aud Pittsburg. =; North
western, 52fs; Northwestern preferred, Sbls;
42i2; New jersey C-ntrdl,363i; Rock Island, l2pl2
81 Pdul,31, st Paul preferred sos; wabash, 2OI2;
Fort Wayne lO1lSi TerTe Haute, .; Terre Haute
preferred, s. chicago and Alton Il42; chicago ana
Alton prefer ed, 106: Ohio and Mississippi IO3s
Delaware, LaCkawanna and Western, 40l2; atlantic
and Pacific telegraph, Big; Missouri Pacific, ia;
and -. joe l4Ji; Hannibal and ST. Joe preferred,
4224; Canaca Southern, 80; Central Pacific bonds,
100; Union Pacific bonds, lOgls; Union P5cihc
land grants, III; Union Pacific sinking funds,