Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-06-14
FINANCIAL.

There was an utter want OF activity at the
banks yesterday; exchange In slight supply
and demand; money neglected. There was
active application for government four per
cents by parties who substitute them for
stocks they hold that are called in and no
~ longer pay interest. Failing to make the
Exchange when tours were at par, they have
bow to pay a sharp premium, Tor the demand
Is taxing the energies OF our brokers to pro-
cure all they have need for. The New York
bulletin. Of Tuesday, reports: 'Slver bull
ion in London fell to 5l3s@5l1sd per o..
Inc bullion value mere Of the 4l21s grains
silver dollar was about 81 cents. New York
Exchange was quoted to-day as follows
bit the places named: Savannah-sellIng,
b.16; buying nominal, $40. Charleston
easier. 3-l6@4. New 0rleans-commer-
eial, 70 premium; bank "A premium. st.
ing, aud lilo premium selling. Bos-
on il quoted at 1913 discount" Exchange
was quoted IN our market: New York sight,
buying par. and selling Il premium; all
points in New England demand par; sight,
l5 discount, selling Il premium; New Or
leans, Il discount buying, and selling at par.
Money Gas per cent. Shelby county scrip
quoted So buying. 80 selling. Memphis gas
stock, nominally 80; Tennessee, new Issue, 80
lass; Mississippi and Tennessee railway hrst
mortgage bonds, rs; second mortgage, "a;
Memphis gas bonds, 50. One of the banks
was Yesterday of Mississippi ar
tennessee railroad second mortgages at 90.
fBY TELEGRAPHI
PARIS, June 13.-Rentes, 1867. zoe.
NEW ORLEANS, June 13.-Sight ex-
change CT New York, Il premium; sterling
exchange, bankers bills, 4S91s.
LONDON, June l9.-Cousols, 81 3-l6;
Illinois Central, S915; Pennsylvania Central,
80; Reading, 2O19i Erie, 28ll; preferred, 3d.
new SO, 1857; AIS, lO84; 4s, l033S, e1-
coupons.
NEW YORK, June 13.-Money, 3@4
perlcent. PumeEnercantlle paper, 31S@5 per
cent. Sterling exchange-bankers' bills steady
at 4S7lI sight exchange on New York, 48915
Government bonds firm; coupons OF 1851,
l0736; new IS, 1885; new AS, lO6; new
As, lO25k; currency o., l2l. State securities
dull, except Louisiana consols. which are / u
higher; Tennessee Is, old, "a; TenDessee
g., new, 3llS; Virginia 6s, old, ~ !;
Virginia g., new, 81; Missouri 6s, 1914
RAILROAD bonds we're strong. Shipments OF
gold already engaged for to morrow 4
steamers, $500 600. The stock market was
weak in early dealings and declined 40 La
yer cent, latter Union Pacific, but suisse
dusntly better feeling prevailed, and Kan
sas Pacific advanl ~ per cent, to %, the
general li't selling up 4@4 per cent. dur
ing the afternoon. Under sales to reahze,
1 the Improvement W as NeAAAatiy aOobf NAS
market closed about steady IN tone. Trans
actions aggregated l5l 600 shares, of which
II, 900 were Erie, Is 0C0 Lake Shore, 5000
Wabash, 22,O00 Northwestern common,
5000 preferred, 10000 St. Paul common,
1000 preferred, 81 600 Lackawanna, l2,OOC
Nes Jersey Central, 5000 Michigan Central
5000 Union Pacific, 400 st. Joseph, 1000
Northern, 1000 Kansas Pacific, and 1000
Louisville and Nashville. Closing quotations
Western Union telegraph, ll44; Quick
silver Is; Quicksilver preferred, 3712 Pacific
Mail, 15s4; Mariposa, 81 offered; Marlposa
preferred, ~; Adams express, lO6; Wells
az Farso's express, SO; American express,
40; United States express. 4712; New
York Central, 10; Ere. 2776; Erie pre-
ferred, 514; Harlem, 160i Michigan Cen
trail, 76W; PlEama, I48; Union Pacific
stock. IS; Lake Shore, 1873; illinois Cen
trial. S63S; Cleveland and Pittsburg, 964
Northwestern, $50; Northwestern preferred,
973s; Cleveland, Columbus, Cincinnati and
Indianapolis, Is; New Jersey Central 529S
Rock Island, l39; st. Paul, 5314; st. Pau
preferred, 921S; Wabash, 365s offered; Fort
Wayne, Ill offered; Terre Haute, 1875
offered; Ierre Haute preferred, 1879 Chicagc
aud Alton, 81; Chicago and Alton pre-
ferred, Ill; ONO and Mississippi, 10; Della
ware, Lackawanna and Western, 591f
Atlantic and Pacific telegraph, $50; Chicago
Burlington and Quincy, 1855 Hannibal anC
st. Joe, 2I15; Hannibal and ST. Joe preferred
4Z11 Canada Southern, 562s; Louisville anC
Nashville, 543a; Kansas Pacific, $50; Kansas
and Texas, 1874; ST. LOUIS and San Francisco
S1S; St. Louis and San Francisco preferred
9% offered; St. Louis and San Francisco frsts
preferred, 2215; st. Louis, Kansas City anC
Northern, 1885 st. Louis, Kansas CITY an,
Northern preferred, -; Central Pacif
bonds, 1913; Union Pacific bonds, 1915
Union Pacific land grants, 1885; Union Pa
ci6c sinking funds. ll3H.