Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-06-11
FINANCE AND TRADE.
FINANCE.

Exchange on New YORK and principal
Eastern points, at par; discount on three
days, and premium selling; and exchange
on New Orleans discount buying, and par
selling.
Bank stocks are quoted as follows: Bank
OF Commerce, 100; First National, 10; Ger
man National, 200; Manhattan, 1G0tG1S0i
State National, 120; Union and Planters, 125.
Insurance stocks-Bluf City, IS; Her
nando, 100GlOj; Home, so; Memphis City,
So; Peoples, 90CG95; Phoenix, IS; Planters,
lis.
Railroad stocks-Mississippi and Tennes-
gee, 67G75; Mobile and Ohio, 27@29; Mem
phis and Charleston first mortgage bonds, a.,
112G1I6; do. second mortgage bonds, "a,
Q8S5), 1029108; do. consols, ll2; Memphis
and Little Rock first mortgage bonds, So,
100(9II0; Mississippi and Tennessee consols,
A, 126@l2S; do. &, 1IGGI17.
Miscellaneous - Merchants Storage and
Compress Company, 125; Memphis gas stock,
1908; do. bonds, $4,000; Memphis Water
Company, $4,000; Memphis City bonds,
old, 2SG32; compromise bonss, 5SCGG5; cou-
pons from old bonds, 80; from compromise
bonds, 70975; ledger balances, IS; judg-
ments on coupons and bonds, 30; paving in
d~ebtedness, %; Shelby county memphis
and Ohio raiiroad) o., l009l03; warrants,
9S(9lO0 bid-none on the market; Mississippi
levee bonds and coupons, District No. I, I2G
I24; do. scrip, l2@124; Bank of Tennessee
notes, new issue, 35G45; Crittenden county
62; do. Mississippi county, 50.
-Ral1ssE
Of 5000 each-Bluf City, S73@7G; Clerks,
S78; German-Americau, SIS; Memphis
Building and Savings Association, Si40G9
I42.
WEEKLY BANK STATEMENT.
NEW YORK, June 1O.-Loans increase,
S542, 600; specie increase, $685., 900; legal
tenders increase, 1896, 800; deposits increase,
s 1878 300; circulation decrease, S43, 100; re-
serve increase, 81 ,lS4,225; the banks now
hold, s., l55,325 in excess Of legal require
ments.
PARIS, June 10.-Rentes, S2f. 97Ic.
LONDON, June I0.-Hlinois Central. l35;
Pennsylvania Central, 500; Erie, 344; Read
ing, 27g.
NEW ORLEANS, June 10.-Sight exchange
on New York, 81 per 1000 premium. Sterl-
ing exchange-bankers' bills, 4S73.
New YORK, June 1O.-Money POS per cent,
closing at p offered. Prime mercantile paper,
4195l. Sterling exchange-bankers' bills
steady, 1861; demand, 1891. Governments
unchanged. Railroad bonds generally firm.
State securities dull. Share speculation gem
orally strong and prices were !@1 per cent.
higher than closing quotations yesterday, the
ldllSE llODIlc dbh CHlO M ANOtiOI all
Western preferred. In early trade a frac-
tionaI decline in some shares was followed
by an advance of g@lB per cent, in which
Central Pacific, Lake Shore, Louisville and
Nashville and Denver and Rio Grande
were prominent; the market then be-
came weak and about noon sold down
t621 per cent, Louisville and Nash
vile, Missouri Pacific, Denver and Rio
Grande, Union Pacific. Wabash preferred, and
- H.. k.-- = Il
downward movement, but in the early part
OF the afternoon, the decline was succeeded
by a general recovery OF 5@l5 per cent,
Louisville and Nashville leading. A decline
of 10s per cent. then took place, the latter
in Louisville and Nashville, while Northern
Pacific preferred fell off II, after which the
general list sold up s@4 per cent. In late
trade a general decline of B@s per cent. was
succeeded by an advance of 4@2, and the
market closed firm with prices k(Dl below
the closing prices Of yesterday. The Post
says that the malicious reports circulated
yesterday to the effect that the prominent
clearinghouse OF Woerishoffer & Co. was in
trouble, appear1o have been a part Of aeon
certed plan TO break the stock market. From
all parts of the country telegraphic inquiries
came about this house, as il by a precon-
certed arrangement, and to make the
story more plausible, bets were offered
hat the house would fail, and cencurrently
to all this, the large block of stocks with
which Woerishoffer & Co. have been identi-
fed were thrown on the market. This kind
of warfare is 80 dishonorable, and at critical
times may be productive indirectly of such
damage, that the Stock Exchange should in
vestigate the matter and lead the way in
such prosecution as helaw warrants. Trans
actions aggregated 2S6,0O0 shares, including
$4,000 Laokawauna, $4,000 Denver, G000
Erie, 5000 Kansas and Texas, 10000 Lake
Shore, $4,000 Louisville and Nashville, 5000
Michigan Central, $4,000 Missouri Pacific,
1900 Northwestern, 1000 New Jersey Central,
5000 New York Central, $4,000 Northern
ciic Mail, 5000 Reading, 5000 St. Paul, 5000
st. Paul and Omaha, 1000 Texas Pacific,
5000 Union Pacific, 1900 Wabash and Pa
ciGc and ii 900 Western Union.