Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-03-28
FINANCE AND TRADE



Business quiet at the banks. The rates Of
discount Tor money continue at Sos percent.
,, clealingzz5; Balance .lg 5;
March q ;.........s l55 J63 70 50,74 o.
same day last year ..----- Z'5,o9S o. Il,9sl %
Exchange on New York and principal
Eastern points, discount buying; dis
count on three days, and ! premium sell
ing; and exchange on New Orleans dis
count buying, and par selling. Bank stocks
are quoted as follows: Bank Of Commerce,
l20; First National 120Gl30; German
National, 200; Manhattan, l60GlS0; State
National, 120; Union and Planters, l22
Insurance stocks - Bluff City, IS; Herman
do, 10O@l55; Home, so; Memphis City, IS;
Peoples, g0Gg95; Phoenix, IS; Planters, 1000
lO5. Railroad stocks-Memphisa and Charles
ton, 6S970; Mississippi and Tennessee,
67Cd75; Mobile and Ohio, 27CI29; Mem
phIs and Charleston frat mortgage bonds,
"a, ll2@ll6; do. second mortgage bonds, u
(l835) l02@l0S; DO. consols, l12; Memphis
and Little Rock 2rst mortgage bonds, So,
lO0@I10; Mississippi and Tennessee copsols,
A, $50; 90. B, 1l9. INSTRUMENTATION
phis gas stock, 75GJS3; do. bonds, $4,000;
Memphis Water Company, 9SG9l00; Mem
phis city bonds, old, 28(G32; compromise
bonds, 5SCG65; coupons from old bonds, 80;
from compromise bonds, 6S(GS0; ledger bal
ances, %; judgments on coupons and bonds,
AOj paving luueDteOneHH, 1OJ oNelDy county
(Memphis and Ohio railroad) 6s, l00(Dl03
warrants, 98Gl00 bid, none on the market;
Mississippi levee bonds and coupons, District
No. /, 10; do scrip, 10; Bank of Tennessee
notes, new issue, 35(945; Crittenden county
(Arkansas) warrants, 20; do. Dasha county,
90; do. Mississippi county, so. Building and
Loan Associations, per share OF $1,000 each
Bluff City, S13CI76; Clerks, SIS; German
American, SIS; Memphis Building and
Ssyinpa Association SI40ml42
PARIS, March 27.-Rentes, S3t.
NEW ORLEANS, March 27.-Sight exchange
on New York, 3 per $1,000 premium; ster-
ling exchange-banker3 bills, 1856.
LONDON, March 27.-Consols, 1Ol 3-I6;
OIL account, 1911; new 5, extended, 104l;
AS, I164; As, 12Oi; Illinois Central, 394;
Pennsylvania Central, 65B; New York Cen
trail, 1867; Erie, 1889; E-ie seconds, 81;
Reading, 800.
NEW YORK, March 27.-Money, 4@6 per
cent, closing offered at per cent. Prime
mercantile paper, SOC per cent. Sterling
bills steady, 1856; de-
mand, 4S94. Government bonds per cent.
higher for extended 6s and As; AIS and ex
eaded IS unchanged. Railroad bonds gem
orally firm. State securities inactive, except
for Virginia deferred, which advanced per
cent, and louisiana consols, which sold up
and fell off per cent. At the open
ing and during the early part of the day
share speculation was tame, and prices
hesitated, and in some cases declined, but a
little before noon the market became strong,
and from then until the close gained strength
and closed buoyant for leading stocks at a |
net advance for the day Of 1G935 per cent, |
and, including specialties, OF 2(99i per cent. |
The leading stocks were Milwaukee and St. !
Paul, Northern Pacific preferred, Western |
Union Telegraph, Louisville and Nashville, |
Denver and Rio Grande, and Missouri Pa |
cifc. Important orders from Europe have |
been received for stocks and bonds. 1t IS |
announced that the McCalmonts have with |
drawn their suit against the Philadelphia |
and Reading deferred income bond scheme, |
aud the Judges of the United States District |
Court have vacated the injunction against |
issues of the bonds. 1t is understood that |
the character of the bonds is so charged as |
to make void old contracts to deliver stock, |
with the privilege of subscribing for bonds, |
matter which the Stock Exchange once |
ruled, and to get this privilege new contracts |
must be made. Vanderbilt, Gould, Sage, Mills |
and Field all continue active bulls, although |
"peg price" orders were to-day withdrawn
from the leading stocks with which the first
two are identified, the idea being that the |
market DOW is strong enough from natural
causes to take care of itself. Transactions
aggregated $4,000 shares, of which $4,000
were Denver and Rio Grande, $4,000 Kansas
and Texas, $4,000 New jersey Central, 10000
st. Paul, % 600 East Tennessee, % 900 MIS-
souri, Pacific, 1000 Northern Pacific, $4,000
Texas Pacific, and $4,000 Western Union.