Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1885-06-26

NEW YORK, June 24.-MODey on call easy
at per cent. Prime mercantile paper
4G5. Foreign exchange dull and weak
It 1871 f0r sixty days, and 465i for de-
mapd.
Bonds-Governmen bonds were a little
more active and strong, especially for the So
and As. State bonds are quiet and quota
tons about steady. Ihs railway bond
market has been much less active to-day
than for some time past, the total sales of
all bonds amounting 70 only Sl,2l9,OOO.
There was a very heavy decrease in the
transactions in West Shore firsts, the sales
being only $4,000. While the transac-
tions il Erie second cOnsols we're S275, eco,
other issues we're dealt IN for small
amounts only, and the business late in the
day wss very small. Prices are generally
higher.
Stocks-One Of the principal features Of
to-day's stock market has been the heavy
break in Pacific Mail, accompanied by
very large transactions in the stock. There
were TumG-s on the street early this morn
ing tIst the company bad lost one of its
steamers, and later il the day the state
meat wss circulated GU the street that the
City of Toxic, bound from San Francisco
TO Yokohama and Hong Kong, was
stranded at Yokohama and making a little
water, but that assistance had been sent.
After opening shade lower, at 54i, the
stock rapidly sold down on the rumor, be-
fore anything definite was known, to 50s,
that price being reached in the first hour.
Il then rallied IA the forenoon to 5zs, and
wss active snd feverish during most of
the afternoon, calculating between the
aforementioned quotation and 81, until
, during the last hour, when it fell to 501,
but rallied to and closed at 81 ], net de-
( cline Of 4 PSF cent. The general list was
[ strong in the early dealings, and the mar
! ket decidedly active, especially for the
/ gTsnReTs, the Wander 5ilts, Lackawanna,
/ Louisville and Nashville, and Union Pa
/ cific, the total sales during the forenoon
| amounting to 49,, 600 shares, but the
! weakness in Pacific Mail had a
/ depressing tendency upon the market,
and quotations. yielded q fraction. During
the afternoon prices were comparatively
steady ana business much more restricted
until late il the day, when there was
/ another decline, follow, d by reaction, in
| which he late losses were recovered, the
market closing steady ct prices generally
finn and to per cent. lower than they
| closed last evening. Delaware and Hud-
son Is down &, and the grangers are
/ higher. st. Paul was the strongest stock
on the list ali day, and at the close this
l evening shows q gain Of per cent,
although the fluctuations were not nearly
so frequent. The total transactions in this
stock were almost as large as in Pacific
Mail, the sales Of the latter being II ,00C
shares and OF st. Paul II POO shares
The two stocks mentioned constituted
over so per cent. of the days business
which amou nted to sales of 29s, $40 shares
Northwestern is up /. A statement was
circulated early in the day denying on the
authority of the viee-president of the Chi
csgo, Burlington and Quincy, that
there was any truth in the
rUmor that that company had secured
coatrol Of Manitoba and discreditinl
the idea that such thing was probable
Chicago, Burlington and Quincy made al
advance OF per cent, which was subse
quently lost. The total transfers for thS
FAY are larger than on any previous day
for mere than month past. The senti
ment Of the street continues bullish, bar
ring the influence Of such news as received
today regarding Pacific Mail. The tota
sales OF stocks to-day were 292, 81
shares, including Delaware, Lackawanni
] and Western, 26.740; Lake Shore, II, 600
Louisville and Nashville, 1880; North
western. 33440: New jersey Central
$3.50; New York Central, 57s5; Pacif
77,lO6; S. Paul, 7l,2O7; Unioa Pacific
1888; Western Union, 500. Ciosin
QUO stiOns: