Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-10-05
FINANCE AND TRADE.
FINANCE.

Exchange on New York buying at dis
count, selling at par. Eastern cotton bill
! buting { per cent. discount, selling at par
ans exchange on New Orleans t discoun
buying, and par selling,
Bank stOcks-Bank of Commerce, 1856
tirA National, 102(9I10; German National
200G2l0; Manhattan, 1609170; State Ma
tioIal, 1229I55; Union srd Planters, 125.
Insurance stocks-Bluf City, 95; Her
nando, 1873; Home, 80 refused; Memphis
) CITY, 49, Peoples, sI(986; Pnenix, SS@e2;
Planters, lis.
Railroad stocks -Miesissippi and Tsnnes.
ses, 60G65; Mobile and Ohio, 27928; Men,
phis and Charleston first mortgage bonds. rs,
| 1l2C1116; do. second mortgage bonds, 7s,
(IS85J, 102@1OS; do. consoIs, 112; Memphis
and Little Rock frat mortgage bonds, IS, 100
CLIO; Mississippi and Tennessee consols A,
~; do. 3, 1I0G9I13.
Miscellaneous -Merchants' Storage and
Compress Company, nominslly higher, 135;
Memphis gas stock, 5000; do. bonds, 97Cas
100; Memphis Water Company, bonds with
accrued interest, par; stock, 120; Memphis
City bonds, old, 80; compromise bonds, IS;
coupons from old bonds, 80; from compounds
bond, so; ledger balances, Is; judgments
on eOIpons and bonds, 80; paving indebt-
edness, %; Shelby county memphis and
Ohio ralroad) Is, SO; warrants, eeI9lOO bid
none on the market; Mississippi levee
bonds and coupons, District No. ], i1@124;
do. scrip, 12(9I2t; Bank OF Tennessee notes,
new issle, 35@45; Crittenden county (Ark.)
warrants, 20; do. Desha county, 81; do. Mis-
sissippi county, 80.
PARIS, October 4-Rentes, S1f. 624c.
New ORLEANS, October 4.-sight ex-
change on New York, nominsi. Sterling ex-
change-bankers' bills, $50.
LONDON, October 4-Consols, 100 3-16;
consols on account 100 Is; Illinois Cen.
t,al, 143; Pennsylvania Central, .65s; New
York Central, SIT; Erie, 435; Erie seconds,
45l; Reading, 324.
NEW YORK, October 3.-Money, 3 to 4 per
cent, at the close Offered at 4 per cent. Prime
Iaercanhie paper, tos per cent: Sterling ex-
ch auge-bankers' bills steady, 1901; demand.
483{. Government bonds unchanged except
for extended Sc, which advanced per cent.
Railroad bonds irregular buf generally
higher. State securities dull and nominal.
In the stock market the net result OF all
fluctuations up TO 1 o'clock was an advance
in prices OF f(9s per cent, and this netuith- |
standing that between IL and i2 o'clock the
market was weak. This Weakness was caused
by disparch from Chicago to the effect that
!. here was heavy defalcafion in one of the |
New York banks, but the report was not
verified by inquiry. In the afternoon, after |
biOhOu " 10 O1 i
and again declined TO So. The general |
market, when Louisville broke, fell s(9s per |
cent, the latter Denver to 564, but in late /
iealIngs the general list recovered fraction |
Ind was steady at the close. Richmond and |
DanVille in the last hour fell to 1854 from los,
laving sold as high as 1929 this morning.
Richmond and West Point fell to $50 from |
81. On the other hand Chesapeake and
Jhio stocks were exceptionally strong, adj
'ancing to 26S, 20 and 40l, respectively !; this
n the theory that the Louisville movement
7ill in sor1e way help the Chesapeake and
,hioProperty. The. Commercial Bulletin says:
From the fact that Louisville and Nash
lille stock did not drop more il looks as if
ne effect of the new issue had been dis
ounted in the stock MARKET The Post
avs: ut is encoui aging that railroad re-
eipts continue so large, and that there is
very promise Of profitable winters bust 7
ess, the tonnage in sight being large and it
elng known that the policy of the managers
TO keep up profitable rates. The large
reign buying of our stocks is also favorable
firm prices" Transactions aggregated