Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-16
FINANCE AND TRADE.
EINANCE.
FINANCE.
Eight per cent. rules for money, with stiff

FifSANCEs
s Eight per cent rules for money, with 81
: demand.
August ..........Ss32 6s 90 S2s, o02
Q Thus far this week .........153s6I Is a2,sS
. Same time Last week ls7 ,ses s. zee
: same time last year. .......-.1557S9 81 4Zrsl5
Exchange on New York and princip;
Eastern points, at par; discount on thr'
days, and premium selling; and exchane
! on New Orleans discount buying, and pa
selling.
Bank stocks-Bank of Commerce, 12(
First National, 10; German National zoe
Manhattan, 160@1S0i State National, l2C
Union and Planters. 125.
Insurance stocks-BIuff City, 80; Her
nando, l00@l05; Home, 65 refused; Mem
phis City, IS; Peoples, 90@s5; Phoenix, 7e
Planters, lis.
Railroad stocks-Mississippi and Tennes
| see, 67(975; Mobile and Ohio, 27GE29; Mem
phis and Charleston first mortgage bonds, 7s
112(9116; do. second mortgage bonds, q
(lSS5l, l029108; do. consols, liz; Memphi
and Little Rock first mortgage bonds IS
lO0(9l1O; Mississippi and Tennessee consols
A, 1269l28; do. B, 116@lI7.
Building and Loan Assoc atoms, per share
Of 200 each-Bluff City, $73@76; Clerks
S7S; German-American, S78; Memphis
Building and Savings Association, $l40@
I42.
Miscellaneous = Merchants Storage and
Compress Company, lbs; Memphis gas stock
1898; do. bonds, $4,000; Memphis Water
Company, bonds with accrued interest, par;
stock, 120; Memphis City bonds, old,
28(932; compromise bonds, 58@65; cou-
pons from old bonds, 80; from compromise
bonds, 70@75; ledger balances, %; judy
ments on coupons and bonds, 80; paving in
debtedness, 25; Shelby COUNTY memphis
and Ohio raiiroad) Sc, 100@I03; warrants,
989l00 bid-none on the mark et; Mississippi
levee bonds and coupons, District No. 1, 800
l22; do. scrip, 129123; Bank OF Tennessee
notes, new issue, 35945; Crittenden county
(Arkansas) warrants, 20; do. Desha county,
81; do. Mississippi county, 80.
NEW ORLEANS, August 15.-Sight ex-
change on New York g so per $1,000 pre-
MUM. Sterling exchange-oankers' bills,
1871.
LONDON, August 15.-41s, 116a; Illinois
Central, AS; Pennsylvania Central, 63s;
New York Central, 500; Erie, 4ls; seconds,
100; Reading, 500.
NEW YoEK, August 15.-MoDey 4@8 per
cent; closed at s. Prime mercantile paper
ers' bills steady, 4853; demand, 4S9. Gov
eminent bonds were firm and l per cent
higher for 4s and AIS, and extended Is and
%. Railroad bonds were dull and generally
a fraction higher. State securities were dull
and 1 per cent. higher for Tennessee old.
Speculation was active and generally strong
on the Stock Exchange again this morning,
but the greatest advance and activity,
as on yesterday, were in some of
he granger and coal shares. A
revival of talk about scrip dividends
and losses among grangers, and of twisting
shorts" in coel roads, formed the chief cause
Ia hQrr fa in ell ~ NH
he remainder of the active list responded.
In the opening business st. Paul and Omaha
was the feature and started the ball, common
advancing to SIS and preferred to 1929.
Transactions on the way up were unusually
arge, and attended with much excitement.
Northwestern shares went up with the rise to |
30 for common and 17Ss for preferred. St. |
Paul, Minneapolis and Manitoba then fell
nto line, and rose steadily until 1494 was
ouehed. The quotations for all of these
tocks, with the single exception of North
Fes'ern common, which sold at $50 in the |
reat corner some years age, Were the highest |
yer made. st. Paul shares gympathiked 10 |
moderate extent, common selling up TO |
24t and preferred to 1871. About II so |
clock the market halted, and under sales to |
ealize there was a general reaction from
he best quotations; St. Paul, MINNEAPOLIS !
nd Manitoba dropped Al, Northwestern
referred 1t, Laekawanna and Omaha
ach /, and the balance of the list |
TO / per cent. This weakness was not OF |
oDg duration, as it seemed TO invite fresh
uying, and before midday the market was
Give and on the advance once more. The
larket between / and t:30 O'Clock IN the af-
.rnoon was strong to buoyant. The special |
.atures were Northern Pacific, which ad-
anced to 52s and 81, aud Delaware, Lacke-
anna and Western, which Yves boush t up TO
30. The remainder of the list advanced |
} per cent, the latter Minneapolis and St.
'oule, and Oregon and Transcontinental. At
lis point the rate for call loans was bid up
} per cent, and stocks were sold stimuli
lneously, and the general list declined. 1twas
broker of large speculation in stocks who app
cared, and on SIC, 900 lots bid the rate up TO
per cent. The rate Tor money having fal-
n, the market again became firm and there !
as a recovery in prices of from I to 1t per
mt. Stocks were weak in the last half hours
usiness, and prices declined per cent. for
,r the general list The advance on Mon
sy was the main reason assigned for the
tie fall in prices. The market closed gem
ally steady. Among the specialties, Pull
ian Palace Cars rose to 1873. The rise in |
orthern Pacific preferred was due to the
that commissioners had been |
ppointed to inspect the newly.built parts OF
he road, preparatory to issuing patents for
md to that road when accepted. The meet
lg OF the directors of the Northwestern
/ Saratoga this week is looked forward TO
it'll much interest by spectators, as it is
kpected that some definite action will be
ken on some questions now agitating that
Dad. The Post says: Undoubtedly the
,ndency of rates for money is to higher
CURES, but the advance this afternoon was
early forced by spectators" Transactions
387. 600 shares