Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-12-03
FINANCE AND TRADE
FINANCE.

FINANCE.
Money commands 8 per cent, with mode
rate demand and easy. D.,.,ces
December I'd .---.--s 42e752 - Ell e a a
Total TINS week-------- 'ss3 ~. 70 so 2os 90
Same week last yeah ls550 'SI - "4o'.
Exchange on New York buying at / dis-
count, selling at par. Eastern cotton D iiIs
buying per cent. discount, selling at par
and exchange on New Orleans / discount
buying, and par selling. ,o.
Bank stocks-Bank of Commerce, log;
FRS. National, l029110; German NailoHsi,
20002I0; Manhattan, 160G9170; State Ma
tioual, I22(GI25; Union and Planters, l2I7
Miscellaneous-Mercha ants Slorsge ana
Compress Company, Dominally higher, I52;
Memphis Gar stock, 75G1S0; do, bonds, 9!t9
100; Memphis Water Company, bonds with
accrued interest, par; stock, 100; Memphis
city bonds, old, so; compromise bonds, %;
coupons from old bonds, so; from compro-
mice bond, 60; ledger balances, %; Juog
ments on coupons and bonds, 80; paving 10,
debtedRess, %; Shelby county (MemPhIs ana
Ohio railrosd) 6s, IS; warrant, 9S9IOO DID
none on the market; Mississippi levee bonds
add c-upons, District No. ], 11@l24; do.
scrip, J2GI28; Bank OF Tennessee notes,
new issue, 35@}45: Crittenden county Ark')
warrants, 20; do. Desha county, 62; do. Mis-
sissippi county, 80.
NEW YORK BANK STATEMENT.
New York. December 2.-Loans, de-
crease, S., 735, 800; specie, increase, s., 394,-
500; legal-tendsrs, decrease, $50, 800; deposits,
increase, S1,304 900; circulation. decrease,
So, 100; reserve, increase, 1881 40: lne
banks now hold 81 ,480,075 in excess oil legal
requirements.
PARIS, December 2-Rentes, sol. 25c.
On ,har
change on New York par. Sterling exchange-
benhors bills, 4791z
LONDON, December 2.-Consols, 100 1915;
account, 1ol 3.l6; new IS, extended, as Pc;
Reading. 2614
New YORK, December 2--Money, SGD
r een eSSef Ger cent Sterling exchange
bills steady, $50; demand, 49, gov,
eminent bonds strong and higher. Railroad
bonds moderately active and firm. state securities
dull. Stocks irregular with frequent Huetuauohs,
closing dull but generally firm Late prices as q
day; indianapolis, Bloomington and Western, and
Wabash preferred, being the most pI ointment IN
the day IS decline. report was circulated that Tue
Wabash If tends to issue SO OOO STOCKS ana the
stock depressed until an emphatic oenlai caIne
equally as malicious and ia Sc was that an njunc-
ton to be obtained against tne western
Unions forthcoming dividend, but this was
squelched when it became known that Gould
would repeat a maneuver practlceo win great
success and cash the dividend nlmselI: Inc
Gould people are still very publish" on Western
nion and claim that by next July the net earn
ings will be at least 81 0000 600, and that the COM
pany is now earning ii per cent on the market
value of the stock. The general features whleh
have influences the stock mar&et for the last two
business days the direction of lower prices are
still predominant. They are the railroad war and
he uncertainty about when it will be ended Inc
news from Chicago that the railroad officials could
not agree az their meeting to-day, and had ad-
burned to meet IN New York December sth has
increased the doubtful feeling as 70 the carly ter