Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-03-21
FINANCE AND TRADE
FINANCIAL REPORTS.

Business quiet at the banks. Money con
tinues at COS per cent. discount. Exchange
on New York and principal Eastern points
Z discount buying; discount on three days
aud premium selling; and exchange on
| New Orleans discount buying, and par sell
ing. Bank stocks are quoted as follows; Bank
of Commerce, 40; First National, 120@I30;
| German y ational, 200; Manhattan, 1000 $50;
/ State National, 120; Union and Planters,
I22. Insurance stocks-Bluff City, So; Her
nando, 1OO@I55; Home, so; Memphis City,
So; Peoples, 9O@95; Pbeuix, 49, Planters,
! 1OO1IO5. Railroad stocks-Memphis and
Charleston, 68@7O; Mississippi and Tennes-
zee, 67G75; Mobile and Ohio, 27629; Mem
phis and Charleston first mortgage bonds,
-, ll2(Gl1G; do. second mortgage bonds, Is
Q8s5), IO2@l08; do. consols, 1l2; Memphis
and Little Rock :rst mortgage bonds, S.
l00GJIl0; Mississippi and Tennessee consols,
A, $50; do. 3, 1I9. Miscellaneous-Mem
phis gas stock, 75(a83; do. bonds, 97GJ 100;
Memphis Water Company, y8(GlO0; Mem
phis city bonds, old, 25G132; compromise
bonds, 1906; coupons from old bonds, 80;
from com promise bonds, 68CdJ60; ledger bal
ances, %; judgments on coupons and bonds,
%; paving Indebtedness, %; Shelby county
(Memphis and Ohio railroad) Is, l009l03;
warrants, 98@100 bid, none on the market;
Mississippi levee bonds and coupons, District
No. l. 10; do. scrip, 10; Bank of Tennessee
notes, issue, 35G145; Crittenden county
(Arkansasl warrants, 20; do. Desha county,
20; do. Mississippi county, 80. Building and
Loan Associations, per share of $4,000 each
Bluff City, S73@76; Clerks SIS; German
American, SIS; Memphis Building and
Savings Association, Sl40G9l42.
MEMPHIS BANK CLEARINGs.
clelIings Balances.
same day last week.-..-.... Ii4.453 90 8O,564 Il
Same day last year l75ls4 6S 63,5S3 80
Ey Telegraph.
PARIS, March 20-Rentes, 83f. PC.
New ORLEANS, March 20.-Sight ex-
change on New York, 81 per $1,000 premium.
Sterling exchange-bankers' bills, 4S6.
LONDON, March 20.-New So, 104; As, 1911 +;
Illinois Central, 40; Pennsy lvania Central,
So; New York Central, 1861; Erie, 1891;
Reading, 3lg.
New YoRK, March 2O.-Money, BOA! per
cent; closed offered at per cent. Prime
mercantile paper, sac per cent. Sterling
exchange-bankers' bills steady, 4853; de-
msnd, 4S94. Government bonds were strong
and I(G2 per cent. higher than the close on
Saturday. Railroad bonds irregular. State
securities were without special feature, ex-
cept for Tennessee mixed, which are ! per
cent. lower. Share speculation opened
strong and gCGl4 per cent. higher than Sat
Urday's closing prices, the latter Tor
Chicago, Burlington and Quincy, and
St Louis and San Francisco preferred,
while Nashville and Chattanooga opened
L. per cent. higher. In the early dealings
an advance OF g(Gls per cent. took place
Louisville and Nashville, and Western Union
being prominent therein-foIlowed by de-
cline OF BG9l4 per cent, the latter for Della
ware Lackawanna and Western, while ST.
Paul, Minneapolis and Manitoba sold up
per cent, to 1921. In the early part of the
afternoon recovery OF 3@44 per cent. was
recorded, in which Louisville and Nashville,
Omaha preferred and common, and North
ern Pacific common were prominent, while
Richmond and Danville sold up per cent.
to l26, St. Paul, Minneapolis and Manitoba
reacted and advanced l per cent. Suisse
quently decline of i924 per cent-New
Jersey Central, Louisville and Nashville,
Denver and Rio Grande, ST. Paul, Mime
apolis and Manitoba, and Reading being
most conspicuous in the downward move
ment-was succeeded by recovery of g(923
per cent, Northwestern common and pre-
ferred leading therein. In the late dealings
the market again sold down 49li per cent,
the latter for Northwestern common; but in
the final dealings a general recovery of 1(9a
per cent. was recorded; Memphis and
Charleston, however, sold down 2! per
cent, to So. The market closed fairly
firm. The downward reaction from the
highest prices, was caused by a rise in
f reign exchange. Such a reaction, how
ever, would have been reasonable enough
without any special cause being assigned,
even if the market is TO be a rising one.
Transactions aggregated $4,000, of which
1900 were C-ntral Pacific, $4,000 Lacka-
wanna, "a, 900 Denver and Rio Grande, 90
600 Erie, 81 900 Kansas and Texas, 80 600
Lake Shore, 10000 Louisville and Nashville,
10000 Northwestern, &c, 600 New Jersey Cen
trial, 8 600 Northern Pacific, 81 600 St. Paul
and Omaha, $4,000 Wabash Pacific, $4,000