Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-04-09
FINANCIAL.

Nothing OF special interest occurred yes
terday In bank circles break the monOtOny Of the
previous weeE. Counter business was good. and
money, though plentiful, was not eagerly sought for
Exchange continued in liberal supply and good de-
mand. The New York Bulletin last saturday, says:
The money market to-day was fairly easy at 66I
51B per cent. and finally closed at 4d5 per cent.
Time loans were also much easier, and banks which
subscribed for the per cents weTs unable TO lend
money ON pledge OF Tinted States bonds for 80 days
at 2la per cent. Loans OF this Kind we're made yes
terday al PEI cent and they were offered to-day at
pig per cent without takers. The event of the day
occurred alter the close Of bans hours, when it was
scrIbsd tor SIO.OOO.OOO United States per cents,
which, with S6.50J,00O taken by other bankers
early in ,he day, and with the amounts dus
enough to redeem the entire remainder OF
500 bonds It Is likely that call will be issued To-
night for all the outstanding 5-20S, and that the
market price OF per cents will be advanced, as tn.
secretary has already declared that after enough
per cents had been sold TO redeem outstandns
520s, no more would be sold on present conditions
The market price OF the per cent bonds al,
quoted: New York, 1s discount buying, and
selling Il premiums; all points in New Eng
premium; New orleans, a buying, and selling at
par. Money Sa1O per cent. Shelby, county scrip
selling. Last sales were: Memphis gas stock;
SO; Tennessee, new issue, 33035i MISSISSIPPI
pom, II201l3; second mortgage, 80; Memphis gas
bonds, 80. ex-eouDOn; Hernando insurance stock
III; Blud City Insurance, ~.
IBY TELEGRAPH.l
PARIS, April S.-Rentes, 115f. 271Ac.
NEW ORLEANS, April S.-Sight exchange on
New YOlk, Il premium; sterling exchange, bankers
bills, 4S7I2.
LONDON, April S.-Consols-money, 81 1918;
Illinois Central SB12; Pennsylvania Central, 36l4;
Reading, 1919; Erie, 26l4 preferred, 4S; 1O-4Os,
1O4; new ~. 1914.
NEW YORK. April S.-Money easy at ga per cent;
closing at . per cent Prime mercantile paper,
51T per cent. Sterling eXchange-oankers' bills.
4SS, Government bonds weak, except Is; coupons
1881. 1864; new 5s 1913; new 4I2s, 105ls; new
currency u.s. 12lSI. state bonds dull Tennessee BS,
old. IS; Tennessee is, new, 3134; Virginia IS, old,
Railroad bonds were generally weak. The stock
market fairly active, but speculation was some
what irregular, and under the influence Of heavy
sales OF coal shares, based on the belief that an
amicabe arrangement among the companies Is I'M
possible, the market became depressed. The gen.
eral list advanced ls0l, but Michigan Central
dropped from S5lS to Silf. During the afternoon
large blocks of granger shares being also offered,
the market became weak and prices declined lsd12.
Toward the close there was fractional recovery in
some cases. lie earnings OF the Central Paclnc
railroad company Increased 100000 the first three
months this year. Transactions aggregated 1867
rerTed $4,000 Lake Shore, 1000 Wabash, 1000
Northwestern common, $4,000 preferred, $4,000
St Paul common, 5000 preferred, $4,000 Iacka-
wanna, 5000 New Jersey Central, 1000 Michigan
Central, 1000 Union Pacific, 1000 st Joseph pre-
terred, 1000 Western Union. Closing quota Ions:
Western Union Telegraph, 1858; Quicksilver,
1885 Quicksilver preferred Bag; Pacific Mail, 1874;
1906; Wells IL FaTE0's express, 100; American
express, 4SI2; United states express, AS New York
Central. Oh; Erie, 253s; Erie prefd, 1919; Har
lem, 1874; Michigan Ger trail, S47s; Panama, 134;
Union Pacific stock. 1915; Lake Shore, 7134;
Illinois Central, 81; Cleveland and PittsbuTg. %;
Northwestern, 61Si; Northwestern preferred, y13S;
Cleveland, Columbus, Cincinnati ana Indianapolis,
~; New Jersey Central, 4058; Rock Island,
49,; st. Paul, 41t2; ST. Paul preferred. S213;
Wabash, 1915; Fort Wayne, 1O5ls; TerTe Haute, B
offered Tegrs Haute preferred, 1915 Chicago and AL
ton, I6I2; Chicago and Alton preferred 10; Ohio and
Mississippi, 1lls; Delaware Lac1awanna and Wes-
tern, Ash; Atlantic and Pacific telegraph, 36l2;
CHICAGO, Hannibal
and st. Joe, / >; Hannibal and st. Joe preferred
ABS; Canada Southern 62l4; Central Pacific bonds,
1924; Union Pacific bonds, 109Ss; Union Pacific