Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-03-14

| PARIS, March lo--hentes, So1. sue.
New ORLEANS. March 13.-Sight exchange
on NV York, 81 per $1,000 premium
Sterling exchange-bsnkers' bills, 4S64.
LONDON, March &c nsol-, 100 IL I6;
a co1ur, 100 Is l6; Al, Il53; A, 1901; Ii
moi C-ntral, $50; PeDDy-vsnIs CenfrsI, 81 ];
New York Central, 1884, Erie, 353; Erie
seconds, 94l; ReadIn., 27s
New N,RK, March 13.-Money, 3GG43 per
cent. PER annum, Prime mercantile paper,
| 5GI6 per cent ST, Ring exchangr-hankerS'
b liz steady, 4S5!; demand, 1891 Govern
m nj bonds unch 4nged excep II extended 5 :,
which Ar. per cert higher. Railroad bones
moderately active aud gen rally higher. State
securities irregular, but in the main frm-r.
Share speculation opened in the main week
and to per cent. lower than the closing
prices of Saturday, New Jersey Central, r. ad-
ing and Memphis and Charle ston being prom
inent in the decline. In early dealings the gen.
ersl market fell of ! to l per cent, the latter
for d lawaTe, Lackawanna and Western,
while NV Jersey C-nrral sold Gown 81 per
cent. at 74a. This was succ EIDE by an adj
vance ranging from + to 8 pr cent, New
jersey C-u'ral, Missouri Pa"i6c, Delaware,
Lack awanns and W-stern, W, stern Union,
and Nashv lie and Chattanooga being mast
conspicuous in the upward NOV ineUt. New
Jer4ey Central ft.r9ard sold down l and
advanced per cent, and LouIsviIle and
Nashville tell off and sold up Il per cent.
Subsequently, the decline of I To II in the
general list and % pr cent. IN New Jersey
Central was succeeded in the early part of
the afternoon by advances, the market
selling up, with occasional fractional
reactions, to 81 per cent, New Jer-
sey Central, Missouri Pacifc, Reading
and Western Union being mot prominent
in the upward movement, while Richmond
and Danville fell off 5 per CENT, t. ITO, but
y
Central sold down II and recovered l per
cent, and Missouri ci6c fell off l and sold
up II per Mt. Suos, quently there was
d-cliue of lfTl4 pr cent, New Jersey Cen
trail aud Missouri Pacific leading therein;
This was followed later by advance
of sG92l per cent, New jersey Cen raj, Mis-
souri, Pacific, Delaware, Laukawanua and
West IN, and Reading being prominent
the r. in, while Richmond and Danyilie sold
up 81 per cent, 10 1l74. In the final deal
ings New Jrr-ey Central fell fl /, and Del
aware, Lackawanna and Western per cent
The market closed frmer. A drive was
made at Western Union, with the result that
the stock was sent from 76i, the opening price,
to 784. This may not have been the inten-
ton of the attacking party, but such was
the outcome Of the assault. According to
the Stock Exchange record, the strong men
in the market not alone speak in a confident |
tone, bur point to the facr, according to the !
best authority, that Jay Gould holds to dav, |
of bis original purchase, over S5O,OO0O 900 |
of stocks. o. this point The Post has the /
following: We have been told by gsntle- |
man who was present that Jay Gould this |
morning, at his private Office, showed the |
following stocks, to-Hit: 100000 shares of |
Western Union, l23 900 shares Of Missouri |
Pacific, and $1,000 shares of Manhattan rail- |
way; that all of this stock stood in his !
name, and that no one OF these shares /
had been Endorsed by him, which latter |
is prima tacie evidence that they could not |
have been out OF his possession, either |
as coll lateral for loans or for delivery on |
sales; that the exhibit was made TO refute |
the charge that he had parted with these
securities; also that he expressed bis will |
linguess, If the party would take time, to
show the IN various railroad bonds of the par !
value of about $50, 100000" TIE Commercial
Buiietin's financial article says: AT the |
Stock Exchange there was a marked change |
in the tone OF sp- culation, this change hav-
ing been toward improving prices. This
change was due first TO a report which found /
many believers, and was corroborated BY cir
in the market, TO the effect that
since Saturday several of tine wealthy specu-
lators, including Vanderbilt ID. o. Mills, /
Jay Gould, Cyrus w. Field and Russell Sage
ha agreed 10 place their capital aid skill
a. aInst that OF other large sp culalors work
! 9 on the bear side, who have male mill
lions u dollars aid the sIlge OF success in
their recent campaign for lover prices, and
gho are slso masters Of the art OF mspipu-
lsIing the market. Among the number OF
the latter Ecft conspicuous were ]. r. Kesne,