Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-06-13
FINANCIAL.

FINANCIAL.
Nothing occurs to damage the aspect of
Numerical affairs, and there Is little cotton
the market to sell, and few orders for that
Itle, consequently the banks had nothing to
port Yesterday but dullness. A sale was
ade Of 1000 second mortgage Mississippi
8 d Tennessee railroad bonds at 81. The
ew York World, Of Monday last, reports
Exchange on New York has been reported
fiIy-at the same figures from the following
bees: Savannah-3 I6Q5-I6 premium (;
arleston-3-16@4 premium; New Or
hns-M@A premium, and Chicago from
/ per $1,000 discount to 81 premium. In
Louis the rate varied between Soc dis
unit aad par, closing at par, against 75c
r $1,000 discount the previous Saturday,
Id in Boston the discount has been reduced
bm 25e TO 90 per $1,000. The Chicago
Rotation Of 81 discount 10 81 premium
IS been stereotyped ever since Mr.. Keene
f nt large renlttances 10 that market to
Try wheat-in November last, ii we re-
embar correctly. The quotation appears to
dictate par, but 1t is known that large sums
ve been sent from here recently for en-
oyment at 8 per cent. or better in hand
be- wheat. Our banks are not IN
4 position to spare much money, but
1ivate lenders have an abundance to
snploy in time loans if collateral
! d rate are made satisfactory" Exchange
Is quoted in onr market: New York sight,
4 lying par, and selling Il premium; all
Iints ia New England demand par; sight,
discount, selling Il premium; New Or
ans, Il discount buying, and selling at par.
oney 6@S per cent. Shelby county scrip
ioted IS buying. % selling. Memphis gas
pck, nominally 80; Tennessee, new issue, 20
II Utrrv-a-.aa Slruarr
ortgage bonds, lis; second mortgage, 81;
emphis gas bonds, 80.
IBY TELEGRAPH.J
PARIS, June 12.-Rsntes, I16i. Csc.
NEW ORLEANS. June I2.-Sight ex-
'iange on New York, i premiumj sterling
Echange, bankers bills, 1885.
LONDON, June 12.--Consols, for money,
l-IG; on account, 81 3-l6; Illinois Central,
B; Pennsylvania Central, 3S2l; Reading,
p56; Eric, 2Sl4; preferred, So; new 5s,
p5S6; AS, 1889; d. lO41s.
NEW YORK, June l2.-MoneY. 3@4
BIZ cent. Prime mercantile paper, 4@5 per
mt. Sterling eEchange-oau kers' bills weak
487I.(; sight exchange on New York, 4S919
overnment bonds quiet, except new As,
hich are active and firm; coupons of 1881,
b73E; new IS, 1881; new AIS, 106; new
J, I021S; currency 6i, III. State bonds
bill; Tennessee 6s, old, 81; tennessee
!, new, 81; Virginia 6s, old, 81;
irginia g., new, "a; Missouri 6s, lOSA.
.ailroad bonds strong. Stock market fairly
etiVe, but speculation was irregular in tone
early dealings. Telegraph shares were
eak, Western UalOn declining from 10 to
l416, and Atlantic and Pacific from 401S to
81. the former subsequently recovering to
l494 and Lhe latter 10 80. Granger shares
~4Ofrrna hlry - and o duannln lECT u
4 the days transactions. Coal stocks were
eli held, aud advanced 4@1l, except
orri5 & Essex, which fell off II. Trunk
ne shares we're active and Grm, aud showed
I Improvement OF 4@15. Union Pacific
as prominent IN the transactions, and adj
anced from 762s to 1885, while Kansas
aciic sold up from 81 to 0615. At the close
he market was hrm, except tor Rock Island
al st. Louis, and Kansas City and North
n, which were q trlae lover. Transactions
Zgregated 152, 900 shares, Of which 1000 were
re, 24.OOO Lake Shore, "a. 900 Wabash,
600 Northwestern common, 5000 pre-
rred, 1000 st. Paul common, 45O0 pre-
fred, 1900 LIckawanna, 1000 New Jer-
" Central, 10000 Union Pacific, 1000 st.
Oseph, 1000 Western Union, 1000 Pacific
Iail, 1900 Michigan Central, 1000 Kansas
I'd Texas, 1900 Kansas City and
-orthern, and 1000 Kansas Pacific.
he closing quotations were as follows:
Testern Unioa telegraph, 1l421; Quick
lver, l44; Quicksilver preferred, S11i; Pa
&c Mail, 1884, Mariposa, 61l; -Mariposa
Ga; Adams-express, 1854; Wells
FarRo's express, $685.; American express,
~; United States express. 4619; New
ork Central, 10; Erie, 2756; Erie pre-
fred, 5116; Harlem, 100; Michigan Cen
al, 1874 offered; Panama, l49; Union Pacific
ock, 1885; Lake Shore, 1914; Illinois Cen
al, Sc; Cleveland and PIttsburg, $50;
northwestern, 6716; Northwestern preferred,
IA; Cleveland, Columbus, Cincinnati and
so; New Jersey Central,
10; Rock Island, $50; st. Paul. So; st.
aul preferred, 9iS4; Wabash, 371S; Fort
Wayne, 1094 offered; Terre Haute. l04
ffered; Terre Haute preferred, 20; Chicago
nd Alton, S115; Chicago and Alton pre-
erred, Ill; Ono and Mississippi, 1913; Della
-are, Lackawanpa and Western, SO;
-tlantic and Pacific telegraph, 80; Chicago,
burlington and Quincy, 1I5li; Hannibal and
L. Joe, 81 a; Hannibal and 81. Joe preferred,
ga; Canada Southern, 564; Louis
Ile and Nashville. 541l; Kansas Pa
ifc, 561s; Kansas and Texas, 1881; st. Louis
nd San Francisco, So; Sc. LOUIS and San
francisco preferred, ga st. LOUIS and San
francisco hrsts, praieucd, %; st. Louis,
Kansas City and Northern, IA; st. Louis,
Kansas CITY and Northern preferred, 4035
central Pacific bonds, l2l4; Union Pacific
'onds. Il24; Union Pacific land grants,
Il316; Union Pacific sinking funds, 1873.