Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-07
1BY TELEGRAPH.1


| PARIS, January 6.-Rentes, SAT 25c.
LONDON, January 6.-Consols, 10OB;
on account, 100 5-16; Is, 1907 Illinois Cen
trial, 1921; Pennsylvania Central, 62i; New
York Central, 1881; Erie, 14O4; Reading, SS4
! NEW YORK, January 6.-Money, BOO
| per cent. per annum, closing at 3 per cent.
! per annum. Prime mercantile paper, 6Ca17
per cent. Sterling exchange-bankers' bills
steady, 4SOI; demand, 4S4i. Government
bonds quiet and unchanged.
IS extended s cGsapee o. Il $50;
SIS coupon.. -.ll45El
State securities rather dull.
La. consols. 67<virginia 6s, od;...... 81
missouri es;-- rgnia
Tenn 6s, new: I31sl
"Ex-matured coupons
Railroad bonds were irregular and unset
tied on a moderate volume of business.
Share speculation opened weak and to
per cent. lower for the general list than yes
;erday's closing quotations, while Erie pre-
ferred was 2 per cent. higher. In early deal
iDgs an advance of } to l per cent was re-
corded, in which Louisville and Nashville,
Wabash preferred, st. Paul, and Delaware,
Lackawanna and Western were most con-
spicuous. Toward noon a weaker tone pre-
vailed, the market selling down TO Il per
cent, the latter Delaware, Lackawanna
and Western. Erie preferred, Lake Shore,
Missouri Pacific, Denver and Rio Grande
and Louisville and Nashville were also
prominent in the decline. In the early part
of the afternoon an advance of / to II per
cent. was recorded, Lake Shore, Denver an
Rio Grande, Louisville and Nashville ard
Wabash preferred being most prominent
therein. Subsequently further advance OF
l to 2 per cent took place, Memphis
and Charleston leading the upward move
ment. Louisville and Nashville, Delaware,
Lackawanna and Western, Canada Southern,
Wabash common ami preferred and Michi- |
gan Central we're also prominent in the adj |
vance. Although somewhat irregular in |
final dealings the market closed firm. The |
change in the tone Of the market from yes
terday, when weakness was the characters
tic, and when a considerable "short" interest |
was made in the market, was due TO the re-
vival in plausible shape of reports respect
ing the early settlement of the railroad war,
which caused the covering OF shorts yester-
day with the result of advancing prices.
Toward the close of business dispatches from
Chicago were received saying; "All roads
have now reduced their freight to a basis Of |
10 cents per hundred 10 New York, 8 cents
to Philadelphia and cents to Baltimore.
Open rates have been 12a, 109 and 81 cents,
respectively. Rates were again cut yester-
day in Colorado business, some OF the roads
making the rate cents on freight from |
Chicago TO the Missouri river. These adj
vices caused decline in late dealings. |
Transactions aggregated 100000 shares, OF
which there were OF Canada Southern 1900, |
Central Pacific 500, Delaware, Lackawanna
and Western $1,000, Delaware and Hudson !
1900, Denver and Rio Grande $4,000, Erie |
$4,000, Hannibal and st. Joseph 1900, Kansas
and Texas $500, Lake Shore 10000, Louis
vile and Nashville 25,ObO, Michigan Cen
trail $500, Memphis and Charleston 5000, |
Missouri Pacific 1000, Northwestern 1900, |
New Jersey Central 5000, New York Central |
$4,000, Northern Pacific Il 900, Ontario and |
Western 2900, Pacific Mail 5000, Peoria, De-
catur and Evansville HOO, Reading 1900, ST. |
Paul 920O, ST. Paul and Omaha 5000, Texas |
and Pacific $4,000, Union Pacific $500, Wa
bash Pacific 81 900, Western Union 2S 600. |
Cleveland, Columbus, Cincinnati and Indi-
annapolis 1000. Closing quotations: