Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-06-18

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Exchange on New York and 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, 100;
First National, ITO; German National, 200;
Manhattan, 16O@lSO; State National, I2O;
Union and Planters, 125.
Insurance stocks-Bluf City, So; Her
nando, lO0@1O5; Home, so; Memphis City,
So; Peoples, 9O@95; Pheuix, 70; Plsniens,
lis.
Railroad stocks-Mississippi ard Tennes-
SEE, 67@75; Mobile and Ohio, 27029; Mem
phIs and Charleston first mortgage bonds, "a,
ll2@1I6; do. second mortgage bonds, Is,
QSS5), 1O2@108; do. eonsols, I12; Memphis
and Little Rock fret mortgage bonds, 50,
1009llO; Mississippi and Tennessee consols,
A, l26@l2S; do. b, 1169117.
Building and Loan Associations. per share
Of 5000 each-Bluff City, S73@76; Clerks,
SIS; German-American, S78; Memphis
Building and saving Association, S14O9
I42.
Miscellaneous Merchants Storage and
Compress Company, l25; Memphis gas stock,
1908; do. bonds, 970lO0 Memphis Water
Company, 9S91OO; Memphis City bonds,
old, 2S@32; compromise bonds, 5S965; cou-
pons from old bonds, 80; from compromise
DDl4Ic tON0f Kruger DdldnCer, 20, Jug
ments on coupons and bonds, 30; paving in
debtedness, %; Shelby county memphis
and Ohio railroad) o., 1009l03; warrants,
9S9l00 bid-none on the market; Mississippi
leyee bonds and coupons, District No. ], 129
l24; do. scrip, 12@124: Bank of Tennessee
notes, new issue, 35@45; Crittenden comfy
-IAEkanzaz4 EaEEaatsy 20; do. De-ha county,
62i do. Mississippi county, 80.
NEW YORK BANK STATEMENT.
NEW YORK, June 17.-Loans decrease,
$685., 800; specie increase, S3,5l0,O00; legal
tenders increase, 1886, 100; deposits increase,
S3,976,100; circulation decrease, $50, 100; re-
serve increase, S3.502,075; the banks now
hold, S0,637, 400 in excess of legal require
ments.
PARIS, June 17.-Rentes, S1f. 164c.
NEW ORLEANS, june T7.-Exchange weak
and unchanged.
LONDON, June 17.-Consols, 100 ZIG; Hi
nois Central, 1874; Pennsylvania Central,
59i; New York Central, 1884; Erie, 37I;
seconds, &c. Reading, S04.
New YORK, June 17.-Money, 262J per
cent. Prime mercantile paper, 45G59 per
cent. Sterling exchange-bankers' bills
steady at 1851. Governments fMn. The
special features of the railroad bond market
were Texas and Pacific firsts, Rio Grande
division, which advanced to S3f from 81:
Boston, Hartford and Erie frsts, which ad-
vsnced to 81 from 48, and Erie second con-
soils, which advanced to 95s from 944. Other
notable changes were as follows: Wabash
general mortgage SKIES to 794 from VA;
Chess peake and Ohio currency IS to 4S4
from AZ; do. tirsts, series L, TO S94 from 794,
and Kansas and Texas seconds to 5S4 from
57l. Aside from the investment demand for
Grst-class railroad bonds. which is increased
by the expulsion OF money from Uuited
States bonds by the regular calls
of the treasury, there is a disposition
to buy low-priced bonds of railroads whose
securities have been under a cloud for the
last few months. This disposition is seen
among spectators, and also among a class
Of investors who, in addition TO a regular
income from securities, look to a change in
prices from time to time for the larger part
of their profits. State securities dull. The
market for foreign exchange closes dull, with
increased foreign demand for our securities,
and with a disposition to draw bills in adj
vance of shipment of merchandise, the ex-
ports of which are sure to come in a few
weeks, hence it is a reasonable calculation
that gold shipments for the year are in most
part q thing OF the past. The stock market,
taking to-day as a whole, showed extraordi-
nary strength, and up TO l o'clock prices
steadily advanced. Between l and , O'Clock
there was a downward reaction, in which
Il bmall part OF Tue early advance
was lost. In the first hall of the
last hour the market gained strength
and the decline was mostly recov-
cred. In final dealings, however, there was
another downward movement, prices closing
4@14 per cent. below the highest of the day,
but considerably above yesterdays closing.
The features of the day were the Vanderbilt
stocks, and after these the coal shares, South
western, Northern Pacific and Northwestern.
Thus far IN the upward movement, however,
the Vanderbilt stocks have ~monopolized the
attention Of the mark.t. The SHORT inter
est" has been largely reduced during the
week, but the inherent strength which the
market has lost on this account appears to
have been more than recovered by pur-
chases for "long" account by spectators, in
vestors and foreign markets. The leading
stocks to-day ranged as follows: Lake Shore,
lO9s@1124; New York Central, I3I3@l335
eI-div.; Michigan Central, 91i@932; DELI
ware, Lsckawanna and Western, I24B@l26;
Reading, 592@61s; Jersey Central, 734@
1915 Denver aHu itlU oIaDd~, 6o4SsT5,
Texas and Pacific, 412@42s; Kansas and
Texas, 304@314; Northern Pacific, 412@424
and 79I@S0; Erie, S6s@37s; Western, $500
Sc, and Missouri Pacific, 94J996. This
stock was quoted "ex-div." after 2:15 O'Clock
in the afiernOOn- -