Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-02
FINANCE.
Eight per cent rules for money, with stiff

| Exchange on New York aud principal
Eastern points, at par; discount on three
days, and premium selling; and exchange
on New Orleans discount buying, and par
selling.
| Bank stocks-Bank of Commerce, 120;
| First National, ITO; German National, 200;
Manhattan, 160@1S0; State National, 100;
| Union and Planters. 125.
| Insurance stocks-Bluff City, So; Her
nando, l009l05; Home, so; Memphis City,
So; Peoples, e0@s5; Phoenix, rs; Planters,
| lis.
Railroad stocks-Mississippi and Tennes.
| see, 67@75; Mobile aud Ohio, 27CA2S; Mem
| phis and Charleston first mortgage bonds, "a,
| ll2(9116; do. second mortgage bonds, e
.ISS5l, lO2(9108; do. consols, 1l2; Mem phis
and Little Rock first mortgage bonds, 81,
| l00Gll0; Mississippi and Tennessee conaols,
| A, 126@128; do. B. 116@117.
Building and Loan Associations per sh are
of 5000 each-Bluf City, $73@76; Clerks,
SIS; German-Amercsn, SIS; Memphis
Building and Savings Association, $140@
142.
Miscellaneous - Merchants Storage and
Compress Company, 125; Memphis gas stock,
75(GS3; do. bonds, $4,000; Memphis w ater
Company, bonds with accrued interest, par:
stock, I20; Memphis City bonds, old.
2S@32; compromise bonds, 5S@65; cou-
pons from old bonds, so; from compounds
bonds, 70@75; ledger balances, %; iudg-
ments on coupons and bonds, 80; paving in-
debtedness, 25; Shelby county Mem phis
and Ohio railroad) 6s, 1009103; warrants,
9S@100 bid-none on the market; Mississippi
levee bonds and coupons, District No. l, I2la
l21; do. scrip, 12(9123; Bank of Tennessee
notes, new issue, 35@45; Crittenden county
(Arkansas) warrsnts, 20; do. Desha county,
81; do. Mississippi county, so.
PARIS, August 1.-Rentes, 81f. 20c.
New ORLEANS, August 1.-Sterling ex-
Oh ange-demand, So 80 per $1,000 premium:
bankers bills, 1874.
LONDON, August New 5s, extended
1929; 43s, 1165; 4s, 1924; Illinois Central,
14O; Pennzylvsnia Central, 63s; New York
Central, 13S; Erie, 40i; Erie seconds, 99E;
Reading, 800.
NEW YoRK, August 1.-Money, 21(a4 per
cent, closing at q per cent. Prime mer-
camille paper, sos per cent. Sterling ex-
change--bankers' bills steady, Ash; demand
4sS4. Government bonds I per cent. higher
Tor extended 5s, ! per Cent. higher for A.
coupon, and unchanged for extended Is, Az
and As registered. There were to-day some
transactions in new per cents, and sales are
reported as high as 1921 and as low as lOl}.
sellers making delivery, the new bonds de-
pendent on their receipt from Washington.
Railroad bonds were irregular. State
securities were dull and without fea-
ture except for Tennessee mixed.
which were per cent. higher. The stock
market in the first forty-live minutes was
feverish and weak under continuance of the
"bearish" influence which controlled prices
Yesterday. The market then became STEADY.
aud later strong. The early decline was moi
only regained, but prices became 4;9ls per
cent. higher than at the close Monday the mar
ket continuing strong up 10 the close. Early
in the last hour there was slight reaction
from the early advance, but in late deals this
was recovered as a rule, and closing prices
were at or near the highest of the day. A
single transaction of 5000 shares of Oregon
and Trauscuntinental stock was made at SO
The sellers were d. Z. Howell & Co.: the
buyers LoGnsberry & Paggin. The latter
firm at the same time took 500 shares from
other sellers On purchases OF 400 shares
Minneapolis and ST. Louis preferred ad-
vanced 10 6S4, from 81. The Posssay "a
popularity of the present market is that il
requires great effort 10 depress prices, and
the moment the pressure is with
drawn prices advance quickly; in other
words. il is necessary to sell about
twice as much stock to get prices down a
point as it would be necessary to buy to ad-
vance them point, and this is not because
Wall street IS a rule would not like to zee a
downward reaction, but because the outside
public continue their purchases, particularly
on small reactions. Il is reported that gold
shipment ranging from $4,000 to 81 yso0,-
600 will be made Tomorrow Upon THE re-
port the Post says: "H such shipment is
m ade it will be an arbitrary transaction. not