Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-12-06
FINANCE AND TRADE.
FINANCE.


Money Commands 8 per cent, with mode
rate demand and easy. The following report
shows the heaviest clearing since the clearing.
house has been in existence November 1879
indicating a healthy condition Of the finsn.
cial market as we'll as all branches OF trade
CIearings. Balances
December 5th .......--.S 5sl, 3c2 81 s 5s,1s2 81
Thus far this week.. I,O65,6g7 S 153,O2l 50
ssme TINE last e. week 1922 2 l33e eSS g
Exchange on New York buying at dis
count, selling st par. Eastern cotton bills
buying I per cent. discount, selling at par;
and exchange on New Orleans discount
buying, and par selling.
Bang stocks-Bank of Commerce, 1875;
First National, l029llO; German National,
200G210; Manhattan, 1609170; State Ma
tional, 122@125; Union and Planters. 1874.
Railroad stocks-Mississippi and TeRnes-
see, 60965; Mobile and Ohio, 27G26; Mem
phis and Charleston first mortgage bonds,
Is, 112@1l6; do. second mortgage bonds, 7s
QSS5), 1029109; do. consols, 112; Memphis
and Little Rock fret mortgage bonds, g.,
l00(dJ10; MississiPpi and Tennessee c~onsols,
A, IVA; do. p, 110@ll3.
Observation-Disclosures Storage and
Compress Company, nominalIy higher, 1876;
Memphis Gzs stock, 5000; do, bonds, 9I@
100; Memphis Water Company, bonds with
accrued interest, par; stock, 100; Memphis
city bonds, old, 80; compromise bonds, IS;
coupons from old bonds, go; from compro-
ments on coupons and bonds, 80; paving in
debtedness, %; Shelby county (Memphis and
Ohio railroad) Is, SO; warrants ,986100 bid
none on the market; Mississippi levee bonds
sod e.upons, District No. !, II9I24; do.
scrip, 12@124; Bank of Tennessee notes,
new issue, 35@45; Cnttenden county (Ark.)
warrants, 20; do. Desha county, 81; do. Mis-
sissippi county, so.
PARIS, December 5.-Rentes, S0f. 35c.
NEW ORLEANS, December 5.-Sight ex-
change on New York par. Sterling exchange
bankers bills, 800.
LONDON, December ~5.-ConsoIs, 100 1916;
secog1t; loi s-Is; new IS sEte Fssa P Pa IN f1s 1lf;
Reading, 81 '0N 0HN' '''A' h'e' '''s'
NEW YORK, December 5.-Money, 4@7
per cent, closing offered 4 per cent. Prime mer.
bankers Bills steady, is0Z; demand, ls4X. Gov
eminent bonds irregular. Railroad bonds mode
ties neglected. TIE stock market opened firm,
and during the first fifteen minutes was steady.
twenty minutes From that time until 1890
O'Clock the market was strong, advancing "A to ~
1871. The market then became quiet and rather
feyerish, and during the last half hour dull
and heavy, with only fractional changes;
suspend the production of coal at the end OF this
month caused a decline of IL in Lackawanna.
After 1 O'Clock President Sloan promptly denied
the rumor; notwithstanding this the stock did
not recover There is a large borrowing demand
for stocks, and this fact, rather than the iOaning
rates of stocks, which are from 2@4 per cent,
would seem to indicate a pretty large short in
terest. 1t is quite apparent that Gould, and Dill
Ion, and others on the shear" side of the market
a week or so ago, are now taking a more saDguine
view and talk OF an advance on the other hand,
The railroad war is no nearer q settlement than it
was a week ago, and it looks as though the general
public would not be fully confident until they see
~nma mnrQ definite nrOgnQRE in the nIraation nf
peace. Gould explains that the change in rates
OF freight to points in Texas and Louisiana
applies only to freights between these
points and East st. Louis. The Cairo
Short Liue and its Southern connections-the
Chicago, st Louis and New Orleans rAilroads-are
carryin freights from East st. Louis and points
common thereto into Texas and Louisiana. Gould
having located his steck-yards, freight depots and
other terminal facilities for the Missouri Pacific
system in East st. Louis, says the freight rates of
st. Louis proper have merely been eXtende1 to
East st. Louis, where a large part OF the manu-
facturing establishments Of ST, Louis proper are
located, and that as the Missouri Pacific system
has a lease of the st. Louis bridge this is merely
the ignoring of bridge tolls for freights.