Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-04-01
FINANCIAL.

ring Fhe past week thare has been con-
4 BILE tightneSs in New York, on account or the
aeh or the new month, when stringeney Is ex-
4 Oh account OF government settlements. Here
i b continues TO be abundant, and an increase of
laOle borrowers is what Memphis bankers most
II. Exchange has come In all week In suth-
H :, and the rates remained unchanged, but may
4 ng remain so. In the local market there was
4 .ual dizziness all week; a few secOnd-mortgage
. Of the Mississippi railroad chunged hands at
tias stock was IN eager inquiry, but holders
let 60; SO vas offered for Il at the opening of
EEK; 10 would now bring from Slls to 80 The
attain bank received yesterday some Of the new
lliar governments four per cent certificates they
forty cents interest a year, aud when hfty dol
n accumulated they are convertible, with &C
Interest, into four per cent bonds Thus they
LIE q savings bank. When small sums are
iuiated until ten dollars are saved, interest
be had on the ten dollars. As money
les worth more than four per cent by
Improvement OF trade. the four pc,
ponds VIII fan below par, bu; the ten Ool-
'rtitcates Will always bring In their interest.
an be made blessing 70 TIE poor who wish ~
omething from their earnings. The New York
4 says that with the desire OF the United states
Try to keep money easy, and the manifest al
ge 10 the hanks to help it TO do so, It Is not
bic that any continued StrlngeDcY is likely to
sharp rise In silver bullion In London
our silver dollar value of 81 cents The adj
comes from rise OF Is OF penny advance
lie I00lln rupee, and that there were Austrian
In the market 70 buy silver The New
rs FicdyIEe OF saturday says the banks
have resumed sDecle payments. As usual,
it was known tuat the banks were ready
ay OF eyeybodg, nobodY wanted pay
II. and wi hdTaw0 depOstOrS began % come
The banks did al on their own resources
their loans on cali we're not applied Tor. In
luntry many parties who had balances became
ned and ordered them REMIT q, which was done
diateiy Ia every case. The New York Herald
IS: 1.-THE rates or exchange on New York to-day
q undeTmentiOaea places Uere as follows: Sa-
m, buyiI Is premium, selling Il premium;
eslcl, scarce, buying par, selling lsdA pre-
Ia; New Orleans, commercial S-lb, bank par;
ouis 6Oc premium; Chicago, steady, buying
4. Wrla Rnarnn.
ltuB premium. In our local market exchange
d: New York, 4 discount; all points in New
and. with grace, S5 discount; New Orleans, "a
unit and sell on all points az par. Money
y per cent. shelby county scrip quoted 80
g, S6dSS selling. Last sales we've: Mem
gas stucS, S2l3 tennessee; new issue, 4Od AZ
sslppi ana Tennessee railway hrst-mOrtgage
5, 1913; second mortgage, 80; Memphis gas
), 81. eX-cOuDOu; fernando insurance stock,
Biuh City Insurance, Al 90
lBR TELEGRAPH.l
BIS, March 81. -Rentas, II3f. 95c.
W ORLEANS, March 81 Sight exchange on
IogS at par steIlirs exchange, bankers bills,
MOON. Hlarch 81. -COnsols-mOney. 81 1-18;
Us Central 81; PENNSYLVANIA Central, o6l2i
lng 1874; Erie, 25ss; preferred, AZ; 5-2Os OF
lQE lO-4Os' lO4Ai new 5s' lO6fsi 4lss'
:; Is, lOlh.
W YORK, March 3I.-Money active az car per
Prime mercantiie paper, 5d 3 per cent. cteri-
xchange-bankers' bills dulet, 1856; sight ex-
coupons 1881, 1864; coupons 1857,
4; coupons 1865, iO25s; new IS, 1O4la;
4lss, l044l; new A., g97s; I0-40s, regis
"a, 1919. State bonds duh; Tennessee IS,
20; Tennessee IS, new, 2Sl2 Virginia is, cid,
Virginia Us, new. "a; Missouri is. l05.
ilrOad bonds tho principal feature was large
'ment I'm Erie new consolidated seconds at 64S4
on sellers options OF %. 30 and 80 days In
lnse TO a rise to t6la 10 London, where large
interest has been formed. stocks We're sold OF
. morning dealings, but during the afternoon,
r renewals or disposition 10 buy, the market de
led much bOuyanCy Ere, Northwestern pre-
81, So. Bauls. Rock Island, Chicag', Burlington
luinCf, uhiOs, s.. J0C8 and western Union be-
l-ably strong; the strength In Erie was in stmpa-
dth an advances at London under good buying
aneBt. The Southern Pacific railroad Is open
usiuess TO ella Bend, S5l miles east OF san
cisco. Tfansacti0us, t14OuO shares. OF which
10 We're Erie, 1000 preferred. 5000 Lake
e, $4,000 Northeastern common, $4,000
.rred, 1000 st. Paul common, 5000 pre-
ID, $4,000 l.ackaWanna, 9OOO Ohios,
90 Western Union. Closing quotations:
/; Quicksilver preferred, BAH; Pacllc Mall, 1915
D0sa, =, Mariposa pref q, Z35s Adams express
IA; Wells x FargO's express, 0SlI; American
raj. las; Erie. 25l2; Erie pref'd. 20; Har-
1913; Michigan Cet tral. S6isi Panama, l3l;
IN Pacific stock. 12ls; Lake Store, 1lls;
0ls Central, 81; Cleveland and Pittsburg. 81 IS;
hwestern, 60ls; Northwestern preferred, SS9si
Gland, Columbus, Cincinnati and Indianapolis,
New Jersey Central, 3Sls; Rock Island,
/; St Paul, Ala; ST Paul preferred SUls;
ash, 209s; Fort Wayne 3fs TerTe Hante
'erre Haute preferred, a; Chicago and Alton,
Chicago and Alton prefer ed, los; Ohio and
issippi, i2ib; Delaware, Lackawanna ana IVES
, 4734; Atlantic and Pacific telegraph, 35la;
ago. Burlington ana Quincs, I4l2i Hannibal and
Joe, 1919; Hannibal and ST. Joe preferred,
Canada southern, 6li2; Central Pacific bonds,
la; Union Pacific bonds, 1Op5s; Union Pacific
I grants, III; Union Paelnc sinking funds,