Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1885-06-23


at 1 per cent. Prime mercantile paper
DOS. Foreign exchange dull and steady
at 4S5i for sixty days, and 1851 for de-
mand
Government bonds are quiet
and steady at unchanged quotations, ex-
cept the ] per cents, which are down 3.
There was a little more business in State
bonds this afternoon and quotations are
steady. There has been an enormous
business to-day in West Shore firsts and
Erie second c0nsols, the sales OF the former
alone being about double an average days
business il the whole list. The same in
Auences shat acted il the decline in the
Vanderbilt caused q break in " est Shore
firsts from 3S4, at which they sold in the
morning. to s., from which they rallied &,
but closed at $50, 4 net loss Of p per cent.
The transactions in these bonds during the
last hour amounted to SIS, 600, and for the
day TO 2,26l, 600. The transactions in Erie
second consots aggregated Si31 900, the
bonds declining at same time from 534, at
which they opened, to 49ss, at which they
closed, aloss OF p per cent, The other issues
we're moderately active, the sales aggJe-
eating S79l ,O09, making the total sales OF
all bonds to-day 81, $4,000. the largest
business IN many months IL that class OF
securities. With the exception Of the bonds
although a number of issues displayed
some weakness in the early Transactions.
Chesapeake and Ohio Ga, series A, are up
2, St. Paul frs.s, So J, the 7s, gold, Z, the
consolidated 3 /, and the terminal 55 4,
Iowa Midland frsts J, Winona and st.
Peters firsts J, Houston and Texas Central
frsts, coupon oil, ,, and the western di.
vision frsts, coupon of, l. Northern Pa
c.fc IS registered L Texas and Pacific
Grand division &c IL.
Stocks-The week opened on the Stock
Exchange with q strong and active mar
ket. First prices we're il nearly all cases
& 10 & per cent. higher than the closing
quotations last Saturday, and although
some little feverishness wsa shown in early
transactions the market soon became
steady, ana then strong, aud SD continued
until about 1 O'Clock. It was simply a con-
tinuaticn Of the strength and activity dis
played last week, without any spssmofic
advances, the gains ranging ii most cases
from z to J pea cent, but st. Paul, Louis
vile and Nashville and sckaWanna rose
{ to J per cent with large tfaRsee4cas IN
the gf0ck last mentioned. 1t was in Lacka-
vapne tbaI tie greatJst- weakness Was dis
PLAYED IN early dealings It opened Il
lower, and soon declined Z pes cent, 10
1923, bat bv l O'Clock it was again selling
at IO3ic. 4 determined attack was then
made by some Of the leading broker cpeT-
atives upon the Vanderbilts and Aseka-
wanna, which was continued throughout
the afternoon and which resulted in a
decline Of II to Il per cent.
for these stocks fom the highest
prices OF lhe day, and IL per cent. for the
remainder OF the active list, except Union
Pdcifc, which only fell 4, but which rose
IN tee forenoon only T. The market closed
weak a. on within per cert. in most cases
Of the lowest pri0es, end } to 2 per cent.
lower than the final quotatiSas on Satur-
day The heaviest decline was n tseg
York Central, > per cent, but Lake Shore
and Michigan Central are off II each, 81 d
Central Of New Jersey II per cent. The
other declines verc fer fractional amounts,
Union Pacific and Northwestern each
showing loss Of +; Canadian Pacific and
Western Union, f, and Pacific Mail, Mani
toba, Omaha preferred and Northern Pa
cifc preferred, each ] per cent, the ex-
ceptiOn to the rule is an advance Of in
Louisville aud Nashville. The break this
afternoon was accompanied by statements
that the ALLEGED scheme for the settlement
OF tie trouble between the New York Cen
trsl and the West Shore had ..esn broken
OF and various other reports Of q similar
nature. Late this afternoon q dispatch
from Chicago was received and circulated
on the street, however, 10 the eaeet that
the pool agent there Was in receipt Of
adYices that q general restoration Of
freight rates will be ordered to take effect
July 1st, when it is expected that the
! Central Traffic Association viii begin CD
erSticgs, and passenger rates will be ad-
vanced to-t8OrISy. The total sales to-day
have been the largest fol some time past,
amounting to pa, ECO shares, ana to bust
ness was very well distributed, there being
no very active stocks, except LackawaDna
and St. Paul. The total sales Of stocks
to-day we're PA, 233 shares, Including Deb
! aware, Lackawsnns ana Western, $3.50
I lake Shore, 70, $50; Louisville and Nash
vile, I3 $50; Northwestern, 1855; New
Jersey Central, y $50; Pacific Mail, 4305
st. Paul, 5000; Union Pacific, 1850;
Western Union, 20,2I6. Closing quotss
/ tiona.