Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-29
FINANCE AND TRADE.
FINANCE


Money rules at 8 per cent, with moderate
| demand, and close.
August 5gz 96 g 6ss O. o.
same day last year--..---. 5S'S9l IL S''oo VI
Exchange on New York and principal
Eastern points, at par; discount on three
days. and premium seiliDgi and exchange
on New Orleans discount buying, and par
selling
Bank stocks-Bank of Commerce, 1876; Firat
National, no; German National, 200; Man
haitian, 160@I80; State National, 12O; Union
and Planters. l25.
Insurance stocks-Bluf City, 80; Her
nando, 100(9l05; Home, IS refused; Mem
phis CITY, So; Peoples, 90@s5; Phoenix, last
sales at 90c; Planters, lis.
Railroad stocks--Mississippi and Tennes-
see, 67(G75; Mobile and Ohio, 27Ga29; Mem
plFs and Charleston frat mortgage bonds, 7s,
ll2C9116; do. second mortgage bonds, 7s
(l885), l02@108; do. consols, 1l2; Memphis
and Little Rock first mortgage bonds, Ss,
100Gll0; Mississippi and Tennessee console,
A, l26912S; do. 3. 116@ll7.
Building and Loan Assoc stions, per share
of 5000 each-Bluf City, S73G976; Clerks,
S78; German-American, S78; Memphis
Building and Savings Association, Sl409
I42.
Miscellaneous Merchants Storage and
Compress Company, 125; Memphis gas stock,
75C6S3; do. bonds, 979l00; Memphis Water
Company, bonds with accrued interest, par;
stock, 120; Memphis City bonds, old,
28932; compromise bonds, 58965; cou-
pons from old bonds, 30; from compromise
bonds, 70(975; ledger balances, %; judg-
ments on pons aud bonds, 80; paving in
debtedness, 25; Shelby county (Mempbis
and Ohio railroad) &C., 100910S; warrants,
9SG1100 bid-none on the market; Mississippi
evee bonds and coupons, District No. l, 12(9
I23; do. scrip, I2G9I23; Bank of Tennessee
notes, new issue, 35G945; Crittenden county
(Arksnsss) warrants, 20; do. Desha county,
So; do. Mississippi county, so.
NEW ORLEANS, August 28.-Sight exchange
on New York, 81 50@2 per $1,000 premium.
Sterling exch apge-bankers' bills, 1861.
LONDON, August 28.-Consols, SO 9-l6;
Illinois Central, 634; New York Central,
354; Erie, 80; Reading, 30y.
NEw sYoRK, August ZS.-MoDey, 4@5
per cent, closing at 8 per cent. offered. Prime
mercantile paper, 6 per cent. Sterling ex-
chapge-bankers' bills steady, 1851; de-
mand, 1891. Government bonds were I'M
changed. Railroad bonds we're dull and ir-
regular. State securities were inactive, ex-
cept Tennessee mixed, which were 1 ] per
cent. lower. Share speculation opened If
regular, compared with closing prices
Saturday, but with only fractional changes
In the early trade the general list
advanced a fraction, after which prices
declined s@1B per cent, Denver and Rio
Grande and Canada Southern leading the
downward turn. The market after this was
dull but strong, and about 80 o'clock an
advance took place, ranging from 1 to / per
cent, in which Texas Pacific, Denver and
Rio Grande, Kansas and Texas and Louis-
vile and Nashville were prominent, while
New Jersey Central sold off J. per cent.
There was then a fractional rescuon, fol-
lowed in the final dealings by an advance of
Sol per cent, Louisville and Nashville
leading therein. The market closed quiet
but stroDg,showing general advance OF 8@1s
per cent, the latter for Michigan Central.
New Jereey Central, however, was ii per
cent. lower. Transactions aggregated 22Q,-