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


Eight per cent. rules for money, and bank
| ers continue 70 report business quiet.
C1earings Balances
Sane ON -.--s lS0Sls &s23 q
same day last year.. 169. Sos 70 1905 o.
Exchange New York and principal Eastern
! premium selling; and exchange on New orleans
| q discount buying, and par selling.
Commerce. 100; First National. 10; German
National, 200; Manhattan I6O9Is0; State National
Insurance stOcks-Bluf City, 50: fernando.
l0ogl05; Home, 60; Memphis City SIS; Peoples,
Railroad stocks-Mssissippi and tennessee. GA
IS; Mobile and Ohio, 27923; Memphis and Charles,
~; Memphis and Little Rock frst mortgage
! eonsols, A, I28sI2s; do b. Ii6a117
Miscellaneous Merchants Storage and Com
DO bonds 97SiO0; Memphis Water oe com PAM
g5aloO; Memphis city bonds, old, 2s922; com
80; from compromise bonds, T0eT5, ledger bal,
ances, Is; judgments On Coupons and bonds
memphis and Ohio railrosd) 6s, ICOgIO3; war
rants, 9s9ioO bid, none on the market; Missis-
IN; do. scrip. l29l2l; Bank of Tennessee notes
new issue, S5945; Cittenden county lArkansas)
warrants, ~; DO. Desha county u; do Mississippi
Building and Loan Associations. per share of
Association, siIOs142 ' N''4 80 -''7'
PARIS, June 5.-Rentes, S4f. 20c.
NEW ORLEANS, June 5.-Sight exchange
on New York, 81 per $1,000 premium. Sterling ex-
ehange-bankers bills, 1914
LONDON, June 5.-Consols, 100 Sic; ac-
count, loo1l; 4s l2S; Illinois Central, 1855; Penn
sylyania Central, 56I; New York Central, 291S;
Erie, S4s4; seconds, 9213i Reading 2714.
New YORK, June 5.-Money, 2I(G3B per
cent. Prime mercantile paper, "A per cent. Ster-
ling exchange-bankers' bills tteady,. 1861; de-
mand, 1921. Government bonds UNCHANGED ex-
= IT,
bonds irregular and generally lower State securi-
ties inactive. Share speculation opened irregular,
but prices in the main were 1s@2 per cent. lower
than at saturdays close the latter Nashville and
toba, however. was 1ss per cent. higher The
early market became weak. ana a sharp decline OF
Central, LouisviIie and Nashville, Nashville and
This was quickly followed by recovery of 1s9l
per cent. New jersey Central, and Nashville and
market again became weak and in the early
part OF the afternoon u decline took place,
Chattahooga, Louisville and Nashville, oregon
Transcontinental, Union Pacific, and ST. Paul be-
ing prominent in the downward movement. Sub
sequently there was recovery OF 3 TO IA per
cent, Nashville and Chattanooga leading the up
ward turn. but in Ia, late trade the tone was again
weak and prices fell of = to ~ per cent, Louis
vile and Nashville, Wabash preferred, and Union
Pacific being most conspicuous in the decline, and
the market closed with prices 4 to S5a per cent.
lower than Saturdays closing figures, the latter
Nashyillei Boston Airline preferred however, was
81 per cent. higher. The Commercial Bulletin says
THE stocks signaled out for special attack by the
bears were Louisville and Nashville, which fell
from 6S to 6455; Union Pacific from Itl1s to 1922
Jersey Central from 6654 70 Oh, and Denver aud
Rio Grande from sos to 54E. THESE stocks were
cold persstently and vigorously, and all manner
of stories calculated to weaken the confidence of
holders were circulated regarding them Their
weakness influenced more less the general lisC.
The result was weak market, closing at consid-
cradle decline. Those who have seen Vanderbilt
since his return from Europe say he is non-com-
initial respecting the market, that he has done
nothing by cable during his absence and, like
other big men, is waiting for the development of
crops. The only one OF the crops about which
there Is any anxiety is corn and it is not late
to plant that ana get good harvest. The labor
troubles were much talked of to-day but had
comparatively little influence the stock mar
ket, which was raided by selecting stock after
another and jumping 1t. The short interest
i'll the market is becoming very large and the
leading stocks tend TO fiat to per cent. for carry
ing" Transactions aggregated 307, 600 shares.