Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-12-28
FINANCE AND TRADE.


count, selling at par. Eastern cotton bills
ouylng per cent. discouni, selling at par:
and exchange on New Orleans / discount
buying, and par selling.
BANK stocks-Bank of Commerce, I35;
fi1st National, lO291l0; German National,
ZOOCg2l0; Manhattan, 160(9170; State Ma
uooai, lZz(9l25; Union and Planters, 1874.
halIrosd stocks-Mississippi and TeRnes-
see, 6OCg65; Mobile and Ohio, 27@2S; Mem
| phls and Charleston first mortgage bonds,
Is, 1l2(91l6; do. second mortgage bonds, 7s
| (Iooo), lO2C110S; do. consols, II2; Memphis
and Little Rock first mortgage bonds, So,
iOOtGi 10; Mississippi and Tennessee consols,
A, IVA; do. 3, 110@lI3.
Miscel laneous-M Storage and
compress Company, nominaly higher, l35;
Memphis Gas stock, 75C9S0; do, bonds, Ola
lOO; Memphis Water Conpsny, bonds with
accrued interest, par; stock, 100; Memphis
city bonds, old, 80; compromise bonds, IS;
coupons from old bonds, 80; from compro-
mise bonds, 60; ledger balances, %; iudg-
ments on coupons and bonds 30; paving in
debtedHess, 20; Shelby county (Menphis and
Ohio railroad) 6s, 50; warrants, 9S9IOO bid
none on the market; Mississippi levee bonds
and coupons, District No. ] 1I9I24; do.
scrip, 129124; Bank OF Tennessee notes,
new issue, 35@45; Crittenden county (Ark.)
warrants, 40; do. Desha county, 81; do. Mis-
sssippi county, so.
PARIS, December 27.-Rentes, 79f. SOC.
NEW ORLEANS, December 27.-Sight ex-
change on New York par Sterling ex-
change-bankers' bills. 4S0
NEW YORK, December 27.-Money 5(17
per cent, closed at 4@15 per cent. Prime
mercantile paper, Gas per cent. Sterling
change-bankers' bills weak, 4S03; de-
mand, 4S44. Government bonds weak;
per cent. lower for 81, lower for 44s regis
tered and IS coupons, but unchanged for 81
and 43s coupons and 4s registered. Railroad
bonds generally weak. State securities IT.
regular on moderate volume of business.
The net result Of the forenoOn's business in
the stock market was practical decline
on The general list from last nights
closing prices. At the opening prices
were B9J per cert. lower than
last night, but were stronger during the next
fifteen minutes. From IL 80 O'Clock 10 II
the market wss heavy, the special feature
being Lake Shore and Western, which de-
clined Ii per cent. TO 1871. During the next
half hour the market was comparatively
steady. The general result the one hour and
a half following showed little change in
prices, though the tendency was 10 lower
range. In the last hour the market was
stronger, and the net result was an advance
OF / to II per cent, and on many stocks the
highet prices of the day were 10 ade. Tue
most active were Denver, Delaware, Lacka-
U0ioD, and Union Pacific, all Of which were
strong. In final dealings Mutual Union
Telegraph advanced to Is from 234. The
Post, speaking of the condition of the stock
market, says: ut continues TO 'see.saw' IN a
state OF uncertainty. There il no well-de6ned
tendency in either direction. To day has
shown a stronger market than yestt rday, but
not suffice Htly SO to Indicate an important
change in the general situation. The
season OF tight money market has passed,
and there is no further cause for
apprehension on that score; but the money
question has cut no figure 10 flactu atoms in
the stock market for the month. The gene
raj complaint among brokers is that there
is no buying by the outside public. All |
trading is of that dabbling kind which is
done for advances or declines OF few frac-
tions OF cen:, and signifies nothing as re-
CARDS any gentrAl tendency OF prices of |
stocks. The readiness with which good |
railway loans are now negotiated shows |
there is plenty of capital for such invest |
menf, and il is presumable there is also !
plenty that would seek more speculative in |
vestment in stock if the present feeling of |
oistrust about management was removed" |
The Manhattan Elevated railway directors |
have instructed counsel TO draw up
papers for the purposs Of Withdraw
ing MelropolitaDs, with the option for |
exchanging their holdings for Man |
haitian second preferred stock. This |
step is TO relievs the Manhattan Company |
from responsibility OF property damages |
along the line of the Metropolitan road. |
The bank officers of New York discussed for |
au hour to-day the question of taxation of |
banks by the city, aud decided to leave each |
Individual bank 10 determine for itself |
whether to pay the taxes demanded. A !
Washington special says: Representative |
Holman, who leads the opposition in the |
House against the Pacific railroads, regards |
the prospects Of the bills FORGETTING 10 the |
government The unesrned land grams TO the |
Pacific railroads as not very hattering for |
1 hia seasnn % l,Insinn. nm. atinna. |