Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-12
FINANCE AND TRADE
FINANCE

Exchange on New York and principa
Eastern points, at par; discount on tire
days, and premium selling; and exchang
on New Orleans discount BUYING and pa
selling.
Bank stocks-Bank of Commerce, 120
First National. ITO: Germ an National, 200
Manhattan, 160@lS0; State National, 120
Union and Planners. 125.
Insurance stocks-Bluf City, IS; Her
nando, 1OOG9l05; Home, so; Memphis City
8; Peoples, 90@95; Phoenix, 70; Planters
lis.
Railroad stocks-Mississippi and Tennes
see, 67C975; Mobile and Ohio. 29R29i Mem
phis and Charleston first mortgsge bonds, 7s
| ll2C9116; do. second mortgage bonds, q;
| Qs85), l02@lO8; do. consols, liz; Memphi,
and Little Rock first mortgage bonds, g.
1009110; Mississippi and Tennessee consols
| A, l26C9126; do. B, II6@1l7.
Building and Loan Assoc ations, per share
| Of 1900 each-Bluff City, S73@76; Clerks,
S7S; German-American, SIS; Memphis
Building and Savings Association, Sl4O9
142
Miscellaneous Merchants Storage and
Compress Company, 125; Memphis gas stock,
75C983; do. bonds, 97@1O0; Memphis Water
Company, bonds with accrued interest, par /;
stock, 120; Memphis City bonds, old,
28(932; compromise bonds, 5S965; cou-
pons from old bonds, 30; from compromise
bonds, 70975; ledger balances, %; iudg-
meuts on cou pons aud bonds, 80; paving in
debtedness, 25; Shelby county memphis
and OHIO railroad) 6s, 100@I03; warrants,
98(9l00 bid-none on the market; Mississippi
levee bonds and coupons, District No. l, 129
l23; do. scrip, 12(9123; Bank OF Tennessee
notes, new issue, 35@45; Crittenden county
(Arkansas) warrants, 20; do. Desha county,
%; do. Mississippi county, so.
NEW ORLEANS August Insight ex-
change on New York g so per $1,000 pre-
MUM. Sterling MISUNDERSTANDING bills,
4S7k.
New YORK, August 1l.-Mopey loaned
up from TO per cent, and down TO % per
cent, at which figure it closed. Prime mer-
camille paper, 5@6 per cent. Sterling ex-
bills steady, 1851; demand,
4S9. Government bonds strong and ! per
cent. higher for AIS and extended 5s, and IN
changed for 4s and extended g.. Railroad
bonds were moderately active with irregular
prices. State securities we're inactive. Spec
ulation on the Stock Exchange was tame
during the morning and quite Irregular.
There were frequent changes between firm
ness and depression, but taken altogether the
market was lower. Wabash preferred and
Jersey Central fell 1@l5 per cent, but the
decline In the remainder OF the active list
was very sligdt and comprised within s@S
Z.
The market as a whole presented very little
OF interest. The market then became
steady, and later stronger for high
priced Granger shares, which advanced
1@15 per cent. Northwestern rose to 1859,
Northwestern preferred to 166. Rock Island
10 1404, and Burlington and Quincy to 1885,
Among coal roads, Lsckawanna advanced
to 144a, Delaware and Hudson to 1lS4, and
New Jersey Central to 79s. Northern Pacific
.
and preferred 10 $50. Louisville and Nash
vile rose 10 74s. The improvement in other
shares was merely fractional. There was
then somewhat of reaction. In the last
half hour stocks were weak and lower on
higher rates for money and revival OF ex-
sggerated rumors about the prevalence of
at the South and the damage 10
crops in the West by the recent storms.
Lake Shore and some other stocks sold quite
freely, and went off HOLT per cent, which
affected the balance OF the list. In final deal |
ngs, however, a steadier feeling prevailed;
Louisville and Nashville recovered the de- |
cline, and there was partial rally in some |
,ther shares. The general market closed |
weak. Among the strongest stocks were |
Northwestern, Milwaukee and st. Paul, Rock |
Island, Northern Pacific, Delaware, Lscka- |
wanna and Western, and Louisville and 1
Nashville. Richmond and Dauville stock z
his afternoon quoted an ex-dividend of 2 7
yer cent. DR.. Norvin Green, COMPRISING 4
With a reporter upon the dispatch anuounc- /
og his retirement from the presidency of the 4
Western Union Telegraph Company, in Or Z
Ter that he may assume a similar position 1
n the Louisville and Nashville Railroad 1
company, at a salary of $4,000 a year,
aid: 81 heard something about this rumor
n Wall street some weeks ago, but did not
hink it worth contradicting, for no one who
,nows anything about the matter would be-
ieve was going to make such change,
nd perhaps increase the value OF stock of |
Ihich l hold very little, and decrease the
aue of stock of which hold compare
lively great deal. This is simply Wall
lreet talk, which has found its way into the
ewspapers. The only causes for it that !
an think Of are the facts that 1 bought .
tx house in Louisville when was there |
his spring, and that my son who lives there
Tas elected director of this railroad. This |
uesser, whoever he is, will have to try
gain" Transactions aggregated 275,000
hares