Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-03-11
VIVA ClAE,.

Considering that after years OF suspension
We have within few weeks resumed specie pay
moHsy markets OF the United States move on. Day
bY daY report an unchanged state OF affairs, ana
that the change from suspension 20 specie payment
Is favorable 10 the business OF the country. Some
monetary crisis would arrive tie first OF April, as
on that day unpaid balances ON two hundred and
readiness with which the secretary of the treasury
has met every contingency that has arisen daring
rangemenJs for the coming crisis. The New York
EceEtRg Post informs upon this subject: Re
cent contracts Il Is understood that the treasury
will forbear TO draw On It's deposits In the banks
the money to nay for called 5-2Os IL the called
bonds do not come in promptly, then the money
bonds are presented, as II is wanted only for the
purpose Of redeeming them II this policy is pur-
thOTity for Il, there ought to be no disturbance to
the money market" This means that payments,
which IN called in at once would produce crisis,
will be extended over a sufficient period 10 prevent
any crisis occurring. At the conclusion Of the last
change was in plentiful supply and money was drug
little called Tor, and at unchanged rates. The New
the rates OF exchange on New York to-day at the
aforementioned places; savannah buying, par.
3-IB, selling 1-i6 par; New Orleans, commercial
i discount bank par Chicago firm,
MUM; Boston, pence discount" In our
zeal market exchange quoted; New York, 4 dis
count; all points n New England, with grace, Is
discount New Orleans, Il discount, and sell on ali
pOlntS at par. Money Sdl0 per ent: Shelby county
Wsrei Memphis gas stock, 10; Tennessee, new Is
sue 4Od4l; Mississippi and Tennessee railway
Memphis gas bonds, 30; fernando Insurance stock,
III; Bluff City IP rs ans ~ q 30 3947
PARIS, March 1O.-Rentes, 1I2f. q7I2c.
NEW ORLEANS. March TO- Sight exchange on
New YO'k at par sterling exchange bankers bills,
4s6I5
roNrDONr .,orah ! To,s,I. ,,,orav on TIA.
account, q6I2; Illinois Central, S3l2; Pennsylvania
Central, 3614; Reading, 3; Erie, 257s; preferred,
lO6l2; 4Iss, l075s; As, IO2as.
NEW YORK, March IO.-Money active at 3d4 per
cent Prime merc1ae Pape Ellis 3t All d Pef
New York sight, 4Sql4. Government bonds generally
steady coupons ISL 106s; coupons, 1901 i021si
L >; new A. 100; IO-4Os, Tegisteiedi lOl g; 10
40s; coupons, IO2; currency u.s. iS2A state Gi4
80; Tennessee is, new, "a; Virginia IS, old
81 Virginia Rd, u.s. ne" go sS Missouri 6 I21
firm aud fraction higher, but subsequently prices
fell 10l4 per cent; western Union, Atlantic ana
movement. At several boards the quotations cur
rent showed a recovery of Lass per cent from the
vanced in prices from the lower point ranging from
u a las per cent. The stocks most conspicuous In
the Improvement we're western Union; Micnlgah
Central, Lake Shore and Northwestern. The Express
SAYS: 1he executive committee of the Western UniCn
telegraph company directors met to-day and recon-
Lnended the usual quarterly dividend of per cent
his was a disappointment to those spectators
who expected stock dividend, and prices dropped
of, but subsequently, advanced when II was reported
that the surplus April lst would be S54O,0OO,
tiI Of S242, 900 since January lSt and that The
company negotiating contracts with the Erie,
Pennsy lyania, and Baltimore and Ohio roads, which
would preclude these companies from gong into the
telegraph business, and that the capital stock would
be rat ed to $50 100000 and six per cent dividend
paid thereon as soon this could be done without
inviting hostile legislation the part Of congress.
ct last advlces the Southern Pacific railroad com
pary's track was laid $50 miles east from san
Francisco" Transactions aggregated ll5,OOO
shares. of which l1,0OO were OhtOs, $500 Lake
Shore, 1000 Northwestern common, 1000 prefer
red 20OO ct. Paul. 10000 Lackawanna, 5000
New Jersey Central, 10000 Western Union, 1900
Pacific Mall, 25OO Kansas Pacific. 1000 Kansas
Louis and San Francisco Closing quotations:
Western Union Telegraph, 1919; Qu!cksilverell,
Quicksilver preferred, 333S; Pacnc Mail, 1884; MARI
pUsa 3; ManpOSa preferred, 4I2; Adams express,
lO5Ih Wells d FaTgos express, 90; American ex
press 40: United States express, 4S; New York
lem 1856; Michigan CeLtral, SSl4 Panama, 1873;
Union Pacific stock. "A; Lake SEOTe, 1853; Illinois
Central 81; Cleveland and PittsbUTg. 9l12; North
western, $685. Northwestern preferred, S478;
Cleveland, Columbus, Cincinnati and indianapolis,
APIS; New Jersey Central 1883; Rock Island, 1899;
St Paula 81 ST. Paul preferred 81 a; wabash 2O5s;
Fort Wayne. 105; TeHe Haute, 3l2i Terfe Hau1e
preferred II; Chicago and Alton, 17l2; Chicago and
Alton preferred, l04; Ohio and Mississippi, 1OS4;
Delaware, Lackawanna and Western, 4SSs; Atlantic
and Pacific Telegraph, 3Sls; Missouri Pacific, ia;
Chicago. Burlington and QuincS, 1879; Hannibal
and 81 joe I4l5 Hannibal and ST. Joe preferred,
Ala; Canada Southern, 56l4; Central Pacific bonds,
land grants, 1l2I2; Union Pacific sinking funds,