Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-10-03
FINANCE AND TRADE.

Business was quite brisk at the banks We
terday, but we have no change to report j
quotations as reported IN Sundays issu,
Money rules at s per cent, with moderat
demand, and close.
Same time last week --.-.- 6$ $50 "a l3.5Is !
Exchange on New York buying at / dis
count, selling at par. Eastern cotton bill
buying I. per cent. discount, selling at par
and exchange on New o rleans / discoun
! buying, and par selling,
Bank stocks-Bank of Commerce, I35
First National, l029l10; German National
20092l0; Manhattan, 160(9l70; State Ma.
tioral, 122C9155; Union and Planters. I25.
Insurance slocks-Blnf City, 50; Her
nando 1875; Home, go refused; Memphis
City, SO; Peoples, S49s6; PhOenix, $500;
| Planters, rs.
Railroad stocks -afississippi and Tennes-
see, 60(165; Mobile and Ohio, z7(d2S; Mem
| pbIs and Charleston first mortgage bonds z g,
lI2C9lI6; do. second mortgage bonds, Re,
| QS85J, l02@l0S; DO. consols, ll2; Memphis
and Little Rock first mortgage bonds IS, 100
Clio; Mississippi and Tennessee consols A,
127; do. B, I10(9I13.
Miscellaneous -Merch ants Storage and
Compress Company, nominslly higher, 135;
Memphis ga4 stock, 1880; do. bonds, 97tas
100; Memphis Water Compsny, bonds with
accrued interest, par; stock, 10; Memphis
City bonds, old, so; comprcmiae bonds, IS;
coupons from old bonds, so; iron compromise
bonds, 80; ledger balances, IS; judgments
on coupons and bonds, 80; paving indebt-
edness, %; Shelby county (Memphis and
Onio Tailroad) 81, SO; warrants, 9S(1l00 bid
lone on the market; Mississippi levee
bonds aud coupons, District No. ], 11@12I;
do. scrip, l2G,124; Bank of Tennessee notes,
new issue, S5945; Cri;tenden county (Ark.)
warrants, 20; do. Desha county, 81; do. Mis-
sissippi county, 80.
PARIS, October 2.-Rentes, S1E 6Oc.
LONDON, October 2.-44s Il53; IlIino
Central, l43; New York Central, 1861; Erie,
As; Reading, 32s.
NEW ORLEANS, October 2.-Sight ex-
change on New York, nominal. Sterling ex-
change-demand, 1901.
NEW YORK, October 2-Money loaned up
from u to 20 per cent. per annum and
closing at 1920. Prime mercantile paper,
bills weak, 4Sl; demand, 1854. Government |
bonds unchanged, except for AIS. which are
per cent. lower. Railroad bonds Irregular. |
State securities without feature, except for |
Tennessee mixed, which ceclined TO 80 |
Share speculation opened weak, and prices |
showed a decline from Saturdays closing /
prices Of los per cent, the latter Nashville |
and Chattanooga. ST. Paul, Minneapolis
and Manitoba opened ! and Canada South
ern per cent. higher. During early trade
The market was very active and weak, and
decline VS. recorded ranging from to q per |
per cent, in which Lake Shore, New |
Jersey Central, Nashville and Chatta-
loogs, Wabash preferred, s.. Paul,
and Manitoba were prom
nent, while Louisville and Nashville
,roke TO SO from $50, its closing price
saturday. The market recovered l, reacted
!, rallied i J, and receded l per cent, after |
his became frmer, and about midday an ad-
ance of ffGl4 per cent. took place, Lonis-
lille and Nashville leading therein. The |
market again became heavy and prices fell
If i(G2 per cent, Texas Pacific, Louisville
nd Nashville, Wabash, Denver and Rio
irand being NEST conspicuous in The down
ard turn. Subsequently there was rally ]
s(114 per cent, led by New jersey Cen
al and Texas Pacific; but again the list re-
cted 4(92 per cent, Wabash preferred, Del S
ware, Lackawanni and Western, and Texas {
acliic being most prominent in the decline /
fer tins the lone was Irregular, but in the
ain strong, and the general list sold up a.
/, per cent, the latter Wabash preferred
he market closed generally strong, bu, R
lowed decline on the days transaction
5CD5s per cent, Louisville and Nashville, @
sshville and Chattanooga, Wabash pre- s
rFeu, Nuu lexis acme DelnS most prOml-
mt therein. The break in LOUSY lie 5
ID Nashville was helped by the re-
'rt that at a meeting OF stock 4
'lders, to be held at Louisville On s
ednesday, proposition is to be made 10
er 10 stockholders 10000 shares of stock !,
so. Lake Shore shared in the weak. /,
So. There was at no time to-day panic, N
t great deal OF margin stock was forced | {,
the market which, in addition to short "
les and low selling OF great "bear" specu-
.ors overwhelmed prices and broke them
wn. There were signs, however, that some
the leading spectators were secretly TAX II
: in stock, and without doubt the final | 81
tcone OF the present movement will be a
II market, particularly as the situation n
tside of Wall street is leaitimately ''bull- q
l." Foreign buying of stocks was again st
ge to-day, the foreign markets being higher
IN our own. transactions aggregated
D. 900 shares