Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-31
FINANCE AND TRADE.
FINANCE.

Business in all departments OF trade wa
| quiet Yesterday caused by the dissgreeabie
| weather conditions. Commercial circles are
somewhat exercised about the sensational
! financial news from abroad, but after sIftIng
| it there was nothing to be found to In any
way cause anxiety on this side OF the ocean.
| In an,wer to telegrsphic inquiries sent from
! this city early in the day, the following was
! received, which, coming from source re-
| garded here az entirely reliable, sllayed all
/ disposition toward anxiety:
NEW YORK January 20. 1882.
J. R. Goodwin & Co..
Decline in market to-day result of fnan-
cial situation abroad but we do not antici-
pate any serious trouble.- Our stock market
is very steady, and European affairs have
had but little effect.
LATHAM, ALEXANDER & co.
Taking an average of the aggregate of re-
ports from the banks regarding business yes
terday, the result reached is Every quiet"
Transactions in securities were heard OF in
which $4,000 in fernando Insurance Com
pany stock sold at par, and small lot OF
city compromise bonds went at b3c. The
demand for money il moderate, the bulk of
transactions in that way being for extensions.
The rates remain at Cos per cent discount.
Exchange on New York and principal Eastern
points, ] discount buying; discount on 8
days, and premium selling; and exchange
on New Orleans discount buying, and par
selling. Bank stocks are quoted as fol-
lows Bank OF Commerce, 100; Union
and Planters, 125; State National, l20;
Manhattan, 16O@180; First National, 100;
German National, 205(92lO. Insurance
stocks-Home Insurance Company of Mem
phis, 60; Bluff City, $1,000; Peoples, 94C996;
Planters, los; Phoenix, 8O982; fernando,
l15G1l74; Memphis City, S3@S5. Other
stocks and bonds rule at the following quo
tations: Shelby county bonds, per cents,
l01(3102; City compromise bonds, undisput-
ed, 609622; tainted, 40(945; past-due cou-
pens from undisputed bonds, 80; from faint
ed, 5o960; old bonds, 30933. ledger bal
snces and Nicolson paving scrip, 25CG26.
Memphis gas stock, 5000; do bonds, $50
50. Mississippi levee scrip or coupons OF
District Ne. l, 11@12. Mississippi and Ten
uessee stock, 20; first mortgage bonds 100;
do. second mortgage bonds, 1l8(9l20. Mem
phi. and Little Rock frat mortgage bonds
1l0@l12. Memphis and Charleston consols,
MEMPHIS BANK CLEARINGs
CfearIngs Balances
January .si.9.d!6 50 $2,52I 10
same day last year.... l27, 70s 50 1875 81
BY Telegraph.
PARIS. January 30.-Rentes S2f. Csc.
LONDON, January 3O.-Consols, so 7-16;
new IS extended, 1889 ~. III; a, I2o Illinois
yeIrS n iS. fe rem re Central dG2 Me%
Reading 81.
New York, January 3o.-Money 4@6
per cent, closing at S1z@4 per cent. Prime mer-
camille paper, $685. per cent Sterling exchange
bankers' bills steady at 1871: demand, 1922.
Government bonds weak ami u to q per cent.
lower. Railroad bonds rather weak. State secu-
rites dull. News of an advance in the discount
rate of the Bank of England fell on the stock
market here, which was well supported by infu-
entail speculators, and the result feverish
market thToughoat, the lowest prices having been
ing been rallied IN the last fifteen minutes on cir
culated doubts about the Union Generate having
failed u 600 900 in gold leaves Tor England by
Wednesdays steamer. Transactions aggregated
je0, 200 shares Closing quotations follows