Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1885-06-24
By Telegraph.

NEW YORK, June 23.-Money on call easy
at 1 per cent. Prime mercantile paper
495. Foreign exchange duh at 4S5 for
sixty days. and 1876 for demand.
Bonds Government bonds have been
quiet and quotations higher for the IS
and / lower for the 4s. Others unchanged.
State bonds have been quiet and quota
lions steady, with the execution of the
trading in the speculative bonds, which
have attracted go much attention of late
Erie second consOis and West Shore irsts.
The bond market to-day has teen dull and
prices barely steady, the faal quotations
this evening in many cases being q shade
over than the last previous sales. The
changes up and dOwnSre mostly fractional.
The total transactions for the day were
=, SSI, coo, West Shore contributing 81,
$4,000 and Erie seconds 1913, 600, -leav-
ing a little lee5 than 100000 to be
divided among the other Issues
traded in. There was very heavy
business in the two speculative
issues referred TO during the forenoon, It
is generally conceded to-day that the re-
cent movement in Vanderbilts and West
Shore frat mortgage bonds, By which they
were advanced materially and much more
rapidly thGl. the rest OF the list, was moth
ing more than TIC direct result OF manip-
ulation, and the most confident believers
in a steady and permanent e-tyance claim
they took no part in the Transaction Tor
these securements, and hence are not sui
ferers by yesterdays decline.
Stocks-Tne market opened this morn
ing steady, and after yielding small frse,
tioRs in some cases, it rallied to per
cent, reaching the highest prices Of the
dag in the first hour. This was followed
by q reaction, during which the lowest
quotations ni the day were made, all oil
which occurred, however, during the fore
noon, and vet the extreme fluctuations,
with two or three exceptions, were within
range Of less than per cent. Before
midday the market settled down into g
dull and quiet mood, 1T prices neither the
loWest nor the highest Of the morning, and
it continued steady at very slight Huctua-
tions throughout the whole Of the alter
noon, the market closing with very slight
changes from mid-G.y quotations and
steady at the ruling figures Comparing
prices this evening with the closing quota
| tons last evening, the so-ealled Gould
stocks were the strongest on the list, show,
| ing advances, however, of only to pei
| cent. Louisville and Nashville was an ex.
| ception, the stock being strong all day. II
opened at 81, sold up TO 35f, and closed
within OF that price, making z
| net gain Of I per cent. Nashville, Chatta.
nooga and st. Louis ia also up per cent
at SO, after selling between 373 and 40
/ These are the only stocks which solo
| higher to-day than the highest quotations
| Of yesterday. Lake Shore closed to-day
/ with e loss Of Z, while New York Central
is unchanged. The Vanderbilts and thG
grangers were heavy. st. Paul is aisC
] down &, and Northwestern ! Northern
I T., sic prefeTred shows a loss of g. The
Total s.',>a we're only al 700 shares, thG
largest tradinE being in st. Paul, and Lou
isville and Nashville. In no other stock
did the sales amount 10 a. much as lf,OO'
shares. The total sales OF E12cks to-day
we're 14l, 743 shares, including pe!Ee'are
Lackawsnna and Western, 1912; Lake
| Shore, 13,46O; Louisville and Nashville
%, $3.50; Northwestern, 4S45; New jersey
| Central, 1910; New York Central, Il ,2l0
st. Paul, 30,055; Union Pacific, $500
Western Union. 1851. Closing quotations