Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-16
FINANCE AND TRADE.
FINANCE.

Business continuesquiet at the banks, will
money still in good demand at ca psI
cent discount Exchange on New York
and principal Eastern points, ! discount buy
ing; discount on days, and premium eel
ing: and exchange on New Orleans Z dis
count buying. and par selling Bank stocks are
quoted as follows Bank Of Commerce, 100
| First National, l24; German National, 700;
| Manhattan, 100; State National, 100; mon
and Planters, I22. Insurance stocks: Bluff
| City, 80; fernando, l02C9112; Home, $50,
so; Memphis City, 50; Peoples, 9OCe,94;
| Phoenix. 80@S2; Planters, l02. Railroad
stocks: Memphis and Charleston, 1880;
4 Mississippi and Tennessee, 6SGG75; Mobile
and Ohio, 32@33; Memphis and Charleston
first mortgage bonds, =, ia; do. second
mortgage bonds, IS tl8S5), los; do ccnsols,
| H.; Memphis and Little Rock first mort
! gage bonds, IS, 100lGIlO; Mississippi and
| Tennessee consols, \, 12SG13l; do. i, ll9G3
! l2l. Miscellaneous: Memphis gas stock, 76(g
| 80; do bonds, 97(9100; Memphis water com
pany, par and accrued interest; Memphiscity
/ bonds, old, 2S(aj32; com promise bonds56Gg62;
! coupons from old bonds, 23(a,32; from compro-
4 mise bonds, 75G1S5; ledger balances 25(d3Z9;
! judgments on coupons and bonds, 27(G3
| paving Indebtedness, 25ta,29; Shelby county
! memphis and Ohio raiirOad) g., 1OOC5
| 1903; warrants, % bid-none on the
market; Mississippi levee bonds and
| coupons, District No. 1, 10; do. scrip, 10;
Bank Of Tennessee notes, new issue, 80;
Critienden county (ArkansasJ warrants, 80;
| do. Desha county, 81; do. Mississippi county,
! 70@85. Building and Loan Associations,
per share: Bluff City, 50; Clerks, 20; Ger
man-American, rs; Memphis Building and
Savings Association, 14l. -fs- ~ -
MEMPHIS BANK CLEARINGs.
February 18th s S5Ssa "a Il S4 5s5S
9 Ih9s is ay th ist T week i s7 4 q
Same week last year.......... +iai155 OF 6!S53 n
By Telegraph.
PARIS, February 15.-Rentes s2f. 20c.
LONDON, February 15.-Consols, 100 sic;
Is, llgX; Illinois central, fs514 Pennsyivania-
Central, i62; New YORK Central. lSs7f; Erie 4o14;
Erie seconds, 4015; Reading, 81.
NEW York, February 15.-Money, sos
per cent per annum l32 per diem; closing at 5eei
Per cent Prime Inerca1tile paper: 596 PEI
as de@and 4ss& bonSa weak AMI
lower. Railroad bonds fell of sharply, put in
Pacific, wabash. and Toledo, Delphos and Burning
ton were the weakest issues. ehies-o, Columbus
State securities were dull, except Tennessees
one OF considerable excitement as we'll ssIepres-
Snafreis' Of rival ciiques IN Various
railroad systems" The net decline for the day
WAS u TO per cent The principal dealings were
in Wabash Lake Shore, Denver and Rio Grande,
Louisville and Nashville. New Jersey Central, New
YORK Central Western Union Telegraph Texas
and Pacific, Delaware, LackAwauna and Western
Missouri Pacific, St Paul, Union Pacific, North
western, Northern Pacific preferred ana Kansas and
Texas just at the close Hannibal and 1t. Joseph
preferred advanced ~ per cent, and Peoria De
ca AID Evansville ~ per cent. from the lowest
point OF the day. Richmond and Danville sold
down from 224I5 to 2I5 but in final dealings recov
cred per cent The Commercial BuletiH says: 1.-THE
an open secret that Jay Gould. who sustained the
market after the Union aeferale failure, recently
getting out of the stocks which he bought during
the sustaining operation and some others, and
stepped side and let chronic -bears have their
way. The recent gold shipments have weakened
were also large sellers in their fright The collapse
OF the bull speculation in grain, cotton and pro
stock Exchange and commercial Interests gener-
cotton, etc, and who had stocks, to dump the lat
ter. A good many foreign stocks have been sold,
aud 1t is said that the Catalonia which arrived to-
Gay, brought about 10000 shares, OF one kind and
another, which stocks had previously been sold
short In addition to these influences was the
mack, EX1Judge HGtchins, r. W. smith and sew
eral other large specnlat7rs. lt appears that an
derbilt has recently been exchanging some Of his
United states bonds for Lake Shore. or borrowing
money on the former with Which to buy The latter
that this has had no effect, and Lake Shore sold
down to lO9%r or lower than It has been
Of cessation of gold exports the result OF the
collapse OF speculation IN grain, cotton, etc. ana
ward. reaction in the stock market seems to be
In order. Although a series OF failures, such as
the decline IN grain pIoylsions and cotton fore
shadows, would undoubtedly again throw
Of this general liquidation speculation in mer-
chandise will benefit all legitimate commercial
interests, including railroads, is beyond question
rudely as confidence has been shaken in several OF
the leading companies, like the Wabash, Joy the
recent heavy decline. The prices, however, OF the
leading stocks getting down o figures where,
In the event of good crops, sound foundation for
a bull movement can be found. Foreign exchange
closed rates which do not warrant gold EXPORT
Transactions in stock aggregated $4,000 shares
Us extended 1907 Mar & Gin. LIST prfd. III
rs extended 1021S Mar Il Cin I'd prfd- .lO6
as upon-........1l45s Mem. x Charleston. Go
Is coupon. .......1l754 Michigan Central. S514
Pacific 6s OF l27 Missouri Pacific. 1909
Erie seconds 9sl Morris & Essex. 10
Lehigl & Wilkes. l07-Nash. Il Chat. ........ Il
La conso1s. So New Jersey Genital Il
Missouri 6s-.......liI14 \ q W pref ;.... 5i52
St p { s. G North n Paeifie prid -
Tenn. Is, old......-- 5i5s Northwestern ...,l331s
Tenn Gs, new az Norihwest'n prefd-l 4l19
U P. firsts ..........1l71H New York Central $50
ST. P land gants...ll5- Ohio Central..--...-. 1sI4
U. p. sinking funds-l221z Ohio 4 Mississippi 3l5s
Virginia 6s Old. 3S-tOhio & Miss. pref'd. 81
Virginia consos... 60-Ont1rio IL Western. PAS
Va consols pfd ia Pacific Mail. .......... Az
T. r. land grants. 81 Panama Certiiclt's190-t
r. p Rio Grande.-... So p, d. & E 2s4
Atoms TeFfe Haute s. igs
A. 4 T. II pref'd..... SO Rock Island. 1919
American Express 90-ISt. L. * S. F.....:.. %
g., q. r. & N.-........ SOiSt. L. x > f. preid Do
Canada Southern. i9HStL & S. F. LIST psfd. 9019
&C. II 4 P r Paul pref
Chesapeake & Ohio 22-ISt. p, NJ II M....-...-.lO9-
G. & o. LIST prefd .lSS-lSt. Paul & Omaha 1895
c. & o. I'd prefd. 12219S st. Paul & o. prefd.. ggt4
Chicago Alton. -l29i Texas Pscifc-......... a.
c. & A. pref Union Paeifie......-1l3ts
&C., B. d Q..-....-l34-iU- S. ESpress..-..---. 20
c. St L. < n o.. SOW, st. l.. & P-......... 3l11
c. s. K C............ 4S-lW., ST. L. d p. prfd.. 5S4
C. & 7715fANells q Fargos Ex.12i-
Delaware 4 Hudson 107-i Western Union....... So
Della & LSck 12r5s East Tennessee. 1917
Denver IL Rio .... 81 y East Tenn. pref d. 2l1
Erie.... Carbon =
sErie pref d........ 76iCentral Arizona. rs
Fort a. l.
Hannibal & st. joe g. Homestake. 17l5
III. d st. Joe pref .105-Iitte Pittsburg..-. IA
SHG riem Ontario. ..,,.-...... 81
Houston x Texas. 2-Clu1cksilver
Illinois Central. -131-Quicksilver prefd.. CO.
H. b. Z 401a silver Gill;.
Kansas & Texas,... 33is Standard To-
Lake Erie 4 Western
Lake Shore. Robinson. "a
Louisville & NASH. S7l2 South Pacic.-.... 30
Louisville d n A.. 70-
SOffered fEx-matured coupon.