Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-01

Tosi J J15y iss2 1855 IS 1ssss s
E Exchange on New York and princips
5 Eastern points, at par; discount on tire
! days, and premium selling; and e1chang
on New Orleans discount buying, and pa
selling.
Bank stocks-Rank OF Commerce, I20
First National, ITO; German National, 200
Manhattan, I6O@1sO; State National, l2O
Union and Planters. 125.
Insurance stocks-BIuf City, So; Her
nando, 10O@l05; Home, go; Memphis City
So; Peoples, 9O@s5; Phoenix, rs; Planters
lis.
Railroad stocks-Mississippi and Tennes
see, 67d375; Mobile and Ohio, 27Gl29; Mem
phis and Charleston fret mortgage bonds, 7s
l1291I6; do. secopd mortgage bonds, z.
| (1885), 102@108; do. ccnsols, liz; Mem phi.
and Little Rock first mortgage bonds, g.
| 1O09110; Mississippi and Tennessee consols
| A, 126@,128; do. B, 1169ll7.
| Building and Loan Assoc ations, per sh are
of $500 esch--BIuff City, s73@76; Clerks,
| SIS; Germau-Ameriean, SI8; Memphis
Building and Savings Association, $l4O@
142.
Miscells neous Merchants Storage and
Compress Company, lbs; Memphis gas stock,
759S3; do. bonds, 97@l0O; Memphis Water
Company, bonds with accrued interest, par !;
s ssSss 100 Memphis oa Sy 5s SSSd old
pons from old bonds, 80; from compromise
bonds, 70@75; ledger balances, %; iudg-
ments on coupons and bonds, 30; paving in
debtedness, 25; Shelby county (Memphis
and Ohio railroad) g., 100(9l03; warrants,
9S(910O bid-none on the market; Mississippi
ievee bonds and coupons, District No. l, 800
ia; do. scrip, 129121; Bank OF Tennessee
notes, new issue, 35@45; Crittenden county
(Arkansas) warrants, 20; do. Desha county,
62; do. Mississippi county, 80.
PARIS, July 31.-Rentes, SIT. sc.
NEW ORLEANS, July 31.-Sterling ex-
haHge-dema1d, So 50 per $1,000 premium.
Sterling exc.hange-bankers' bills, 1871.
New York, July 31.-Mopey active;
loaned up from 81 to 8 per cent. per annum
and down to A, closing at BOT per cent.
Srime mercantile paper, pos per cent.
1851; demand, 4s84. Government boads
irregular and in the main 493
percent. lower. rhe largest transac-
lions were in Texas Pacific frsts (Rio Grande
division)- at 9I@92; next in Erie second
consols at 98(99S4, and next in Milwaukee
and st. Paul frsts (Southern Minnesota
division) at 108@108b. Sales Of other Issues
were small, aud it continues to be difficult to
fill round orders for any of the choice issue
of the old roads at anything like current
quotations. Tomorrow is the last day when
Boston, Hartford and Erie bends can be
lodged with the treasurer of the New York
and New England Railroad Company at
Boston for conversion into stock of New
York and New England, which will have
the privilege of subscribing so per cent. to
the 400 shares of the company's stock re-
Gently bought from the State of Massachu-
setts. Stockholders of record August LIST |
will then have until August 18th in which |
TO decide whether they will take pro ratio |
interest in the State stock, but no others can
share in the purchase. State securities were |
without feature except for Tennessee |
mixed, which are per cent. lower |
The stock market opened rather strong,
,ut it soon became apparent that |
active efforts were to be made TO bring about |
/ downward reaction with the loss of as |
little stock as possible. The result of the |
up TO about o'clock was frac- |
ional decline in active stocks and larger |
me in some specialties. A determination Of |
ome leading spectators to force down.
ward reaction in the stock market was fully
developed in the last hour, when, as an aid
o the movement, rates for cali loans ON 4
tocks were bid from 3933 to per cent.
his, Notwithstanding tomorrow the treas
Try begins the payment of S185, 900
;aah. The stock market in the last hour
vas freely sold down, chiefly on short sales,
md it was given out the market was to be
Eept weak and unsettled for day or two
more. If in the main it is to continue to
bull" the market, then such reaction as is
promised will in the long run work in favor /
# higher prices. Among those anxious for
Lreactian-~.a working roI II there ~ q ssaiof Z
n higher prices early in August. The low.
st prices of the day were made about 2:4O
,'clock, from which time until the close there
vas fractional recovery. The Evening Post
ays: "The public continue as buyers of /
tocks, and the situation, SO far as it relates
0 stocks, is as favorable for full prices as il
las yet been" Transactions aggregated