Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1879-05-28
FINANCIAL.

The banks were very quiet places yester-
" and had no news TO give. Exchange Is still In
r supply on the whole, but Il IS unequally dis
tbuted, and those who have sell TO their neighbOrs
40 have not. The call for exchange is very light.
Oney remains In very modest inquiry, and the
CHEST class OF securities can command as low as
ar per cent per annum. There is a stronger tone
Shelby county scrip. Gas stock, although a divi-
End becomes due in July, receives no attention. Il
A offered at 80 Tbere was a sale OF 2OOO
lun City insurance stock at II. Exchange
as quoted In our market; New YORK sight,
lying par and selling ~ premium; all points
New England, demand par; sight Is dis
. snt. Shelby county scrip quoted So buying.
emphls gas stock nOmtDali tennessee, new Is
rst-Inortgage bonds. l6i second mortgage, 90;
emphis gas DO nds Oh.
IBY TELEGRAPHl
PARIS, May 27.-Rentes, II5E 1S1hc.
NEW ORLEANS, May ". - Sight exchange on
lew York, 4 premium; sterling exchange, bankers
Ills. ASSN.
LONDON, Hay 27.--Consols, money, SO 10 10;
|ccOunt, $685. Illinois Central SSIa; Pennsylvania
central, 1874; Reading, 20I5; Erie, 1885, preferred,
31a; new IS, 1854 4lss, I0Ss4; Is, I05l2.
NEW YORK, May 27.-Moley market active, 46o7
mercantile paper, 3lSS5 Der cent. stsr
ing exchange = bankeis's bills, 48S; sight
Exchange on New York, 4S93I Government bonds
weak and lower: coupons OF 1881, 1O7; new 5s
,035s; new 4l2s, 107l5; new q, 1903; currency 6s
i55s; Tennessee Us, new, 33l4; Virginia 6s, old,
}312; Virginia 6s new. 35; Missouri 6s, l07.
Railroad bonds active. The speculation on the
stock exchange to-day was characterized by much
lctivty and tuciuati0n wide and frequent. In the
sarly dealings a nrn tone was observed throughout
he general list, which advanced 1l1l14. During
he afternoon, under the influence Of more strin-
gent m IrSet. the mOney-Selling movement was
naugIlrated ana Louisville and Nashville broke
rom B8La TO 90, but recovered 10 6s34. Wabash,
which was adversely affect d by reports that the
company had elinqulshed It's plan to build an ex-
IGNITION to DStrott, fell OF from 39lS to BIS. The
sensra list declined l4d2 per cent, but In the final
iealtngs there was fractional recovery aud AmeF-
Q 7igs, and reacted to 72sa. T Tfanss Ss
ions aggregated 24l 900 shares, OF which IA 600
5000 Northwestern common. 5000 preferred, 3D.
300 Sc. Paul common, 5000 preferred, $4,000
.acSawanna, 1000 New Jersey Central, 1000
Western Union, $4,000 American District tele-
.raph eompan', 5000 Pacific Mall. $500 Nash
lille, Chattanooga and st. Louis, $500 Louisville
md Nashville, 1000 Iron Mountain. and 1000
Kansas City ana Northern Quotations were follows:
QUICKSILVER preferred, 81; iacI6c Mail, i4lS;
iIarposa, 65s; hsriPosa preferred, 6S4; Adams
1 msSiesn lo'9l tpress S al fniteS ts g
TVress, 49, New YORK Central, Iis;
i sS I Es P 5ei1 s6 3I aarle
Jnl0n Pacific stock, "a; Lake Shore, 1855; I'LL
lois Central, S6l5; Cleveland and Pittsburg. e64;
62l2; Northwestern preferred, 9434;
9eyeland, Columbus, Cincinnati and Indiana
oils, Biz; New Jersey Central. 1873; Rock Island.
~; sort Was iie. offered; Terre HauGe. lIs Of
ered Terle Haute preferred, 2Oi Chicago and alton,
iisslssiIpi, 1914; Delaware, Laclawanna and wes-
ern, Bis; Atlantic and Pacific telegraph, 40;
'hieago. Burlington and Quincy, llelAi Hannibal
md ST. joe II; Hannibal and ST. joe preferred.
.2Is; Canada Southern, 5Sl5; Louisville and Nash
Tile, $685. Kansas Pacific. 81; Kansas and Texas,
AS; 81. Louis and San francisco. lOl2; st. Louis
nd san Francisco preferred, ] III; st. Louis and
Ian Francisco trsts, preferred, 24 ST. Louis, Kan
nd Northern preferred, 4Ols; Central Pacific bonds
1856 Union Pacific bones, 1924; Union Pacihc
and grants liS4s; Union Pacific sinking funds