Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-06-26
FINANCIAL.


rain still fjnrther depressed activity so that
the banks were very quiet places. Exchange
again In very mea2er supply with a cor
respondiugly light demand. Money. was In
little demand with plentiful supply. The
New York Bulletin, of Monday, reports:
The entire Inst of uncalled bonds was strong
and 16@14 higher. This rise took place not
withstanding a report that the secretary had
directed that silver dollars should be used in
discriminatory in the payment OF the July in
terest. 1t appears that no circular to this
effect has been issued, and that the founda-
ton for the report was that, in a recent cor
respondencs with General Hillhouse, the Sec
rotary re-afhrmed former directions that sill
yer should be used IN accordance with the
law. Fully three-quarters of all the treasu-
ry payments are now made through the
Clearinghouse, and cannot, therefore, be
made there in silver. In any event, the
present stock of silver in the treasury is not
enough to force down the market value
of silver dollars to the value Of the bullion they
contain. New York exchange was quoted to-
day as follows at the places named: Savan-
nothing doing. 3-16@4. New Orleans
nah-sellIng, 4 premium; buying, e pre-
MUM. ChArlestOn-commerclal, 70 premium;
bank, IA premium. 81. Louis, so discount.
Chicago frm; l 10 discount, buying, and lilo
premium, selling. Silver in London Was 81 38d
per ounce, with the market value weak.
. The bullion value of the APPS grains
collar hero was 873s cents. Exchange
was quoted in our market: New York sight,
buying par, and selling Il premium; all
points ia New England, demand par; sight,
Il discount, selling Il premium; New Or
leans, Il discount buying, and selling at par.
Money 6@8 per cent. Shelby county scrip
quoted So buying, 80 selling. Memphis gas
stock, nominally 80; Tennessee, new issue, 81
ass; Mississippi and Tennessee railway first
mortgage bonds, ll5; second mortgage, "a;
Memphis gas bonds. %. United States As,
selling, 1881 @l031z.
IBY TELEGRAPH
PARIS, June 25.-Rentes, 116f 6211c.
NEW ORLEANS, June 25.-Sight e1-
change on New York, Il premiumJ sterling
exchange, BANKERS bills, 4eo.
LONDON June 25.--Consols for money,
971S; on account, 81 3.l6; Illinois Central,
8911; Pennsylvania Central, 391k; Reading,
204; Erie, 2S5s; preferred, 5319; new 5s,
1854; AZ, l0o4lj As, 1916.
NEW YORK, June 25.-Money market
easy at 2@31 per cent closing at 2@219
per cent. PANE mercantile paper, 495 per
cent. Sterling eXchange-bankers' bills
1864; sight exchange on New York, 1884.
Government bonds strong and higher; coupons
of 1881, 1913 new 5s, l0396; new ass, lO6;
new As, 1913; currency 6s, I22. State
securities dull; Tennessee IS, old, 81;
Tennessee 6s, new, 3015; Virginia o., old, 81;
Virginia g., new, 81: Missouri 6s. 10o19.
Railroad bonds were generally firm. Chicago,
Columbus and Indiana Central trsts, 20; sec
Onds, no sales. Stock speculation was ex-
ceedingly quiet. Prices in the early dealings
declined 4614 per cent, but during the
afternoon a somewhat tirmer tone prevailed,
and there was partial racovery. Western
Union fell off from 9215 to 81, and advanced
to 931S. Louisville and Nashville dropped
from 6216 to 60, and recovered to 500. The
general market closed firm. Transactions,
81 900 shares, of which 5000 were Erie, 5000
Lake Shore 5000 Northwestern common and
1900 preferred IL 600 st. Paul common,
5000 Lackawannn, 5000 New Jersey Central,
1000 Michigan Central, ZOO Union Pacific,
1900 st. Joseph, 1000 Ohio and Mississippi,
5000 Western Union, 1000 Louisville and
Nashville, 1900 Kansas and Texas, and 1890
Kansas City and Northern preferred. The
closing quotations were as follows:
Western Union telegraph, 9316; Quicksilver,
I44 offered; Quicksilver preferred, SIS Pa
cI6c Mail, l54; Mariposa, 4; MsTiposa
preferred, AZ; Adams express, lO5; Wells
Il Fargo's express, 100; American express,
49,; United States express, Al New
York Central, 1IS; Erie, 27A; Erie pre-
tered, SIS; Harlem, l56; Michigan Cen
trial, 761l offered; Panama. 149; Union Pa
ciGc stock, 1854; Lake Shore, 1855; Iili-
nois Central, 87II; Cleveland and Pittsburg,
81; Northwestern. 65T; Northwestern pre-
ferred, 9556; Cleveland, Columbus, Cincin-
natl and Indianapolis, 4994; New Jersey Gem
tFal, 52k; Rock Island, 381S; st. Paul, 5332s;
ST. Paul preferred, 925s; Wabash, 95& Fort
Wayne, 10S offered, ex div; Terre Haute,
10 offered; Terre Haute preferred, 10; Chi
cago and Alton, 821s Chicago and Alton pre-
ferred, Ill; OHIO and Mississippi, 1456; Del
aware, LaekawanBa and Western, 574;
Atlantic and Pacific telegraph, $50; Chr
cago, Burlington and Quincy, 1l415; Hanni-
bal and st. Joe, 20li; Hannibal and st. Joe
preferred, Az; Canada Southern, 5619 Lou
isvllle and Nashville, 601a; Kansas Pacific, Sc;
Kansas and Texas, 1919 offered; st. Louis and
CISCO preferred, 1876 st. Louis and San
Francisco frsts, preferred, 81; st. Louis.
Kansas City and Northern, IA; ST. Louis, Kan
sas City and Northern preferred, 405S; Central
Pacific bonds, 1121f; Union Paclhc bonds,
I12k; Union Pacific land grants, 1874;
Union Pacific sinking funds, 1l416.