Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-06-07
PARIS. June 6.-Rentes. s3f. SOC.

PARIS, June 6.-Rentes, 81. SOC.
New ORLEANS, June 6.-Exchange quiet /;
sight exchange on New York, 81 per $1,000
premium. Sterling exchaDge-bankers' bills,
4S7t.
LONDON, June 6.-4., 1929; 49s, 116f; Hi
nois Central, 1853; Pennsylvania Central,
500; New York Central. 1891; Erie, 34k /;
seconds, 81; Reading, 273.
NEW YORK, June 6.-Money, 24@34 per
cent Prime mercantile paper, 43@53 per
cent. Sterling exchange-bsnkers' bills
steady, 1851; demand, 1891. Government
bonds irregular. Railroad bonds generally
weak. State securities inactive. Sdare
speculation opened irregular, but prices in
the main were ] to II per cent. lower than
yesterday closing quotations, the latter,
Colorado Coal, while Cleveland, Columbus,
Cincinnati and INDIANAPOLIS was q per cent.
lower. St. Paul preferred, however was 2
per cent. and common per cent. higher.
The early market sold up I to IL per cent,
New Jersey Central, Louisville and Nash
vile, and Wabash preferred being most con-
spicuous in the upward movement, but SUBJ
sequently the tone became weaker, and
about IL o'clock prices recorded a decline
of / to { per cent, in which Union Pacific,
Louisville and Nashville, Lake Shore,
Texas and Pacific, and New York
Central were prominent. There was
latter Colorado Coal and Texas and Pacific,
after which prices reacted 1 to per cent,
Boston Airline preferred leading. In the
early afternoon general advance of l to
per cent.-the latter Boston Airline pre-
ferred-was followed by a decline of / to
per cent, Wabash preferred leading the
downward turn, after which there was a gen.
eral recovery of ! to 4 per cent, the latter
Reading. In late trade the market was very
a,.I f,II i
Michigan Central, Wabash preferred and
common, Richmond and Danville, and Lake
Shore being prominent in the decline, while
Mobile and Ohio stock that has of late
been little dealt in, sold down 10 per cent. to
II. In final dealings some shares recovered
a small fraction, while Mobile and OHIO adj
vanced per cent. and New Jersey Central
II and the market closed irregular but in
the main lower, with prices to per cent
below yesterdays closing figures, the latter
Mobile and Ohio. The bearish tendency in the
stock market was helped by two circum-
stances: One was the report that So, 000,-
600 in gold would be shipped tomorrow for
Italian account, and this, notwithstanding
bills could be bought 30 as to make cheaper
remittance than gold; and the other was
failure on the Stock Exchange of the firm OF
w. B. Meeker & Co., for whose account rot
far from 81, 900 shares of stocks of one kind
aAh AhOthCt USIC oO1us Ills HIN, Willie not
strictly leading one, has been a quietly in
Auential one, having several large customers,
some of whom are said to have been deliu-
quent, which caused the suspension. Three
stocks which the firm appear to have been
most loaded with, we're Wabash common and
preferred and Union Pacific although they
held many others. Commissioner Fink, in a
letter to G. G. Baldwin, president OF the
Louisville and Nashville railroad,
states that he has been absent
from the city for three days and regrets
to fad that statements have been made by
some parties to the effect that "the reason
which induced me not to accept the offer of
the presidency of ths Louisville and Nash
vile railroad, was that L had examined the
affairs Of the company and found them I'M
satisfactory" Mr.. Fink says he fully stated
the reasons which led him to decline the
offer in his letter to Mr.. Baldwin, and de-
sires to contradict emphatically the ground
less assertions which seem to have been
started to influence the value of Louisville
and Nashville stock. Transactions aggre-
gated 400 900 hares