Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-03-26

DNAhtAS ANHplN buSilt-S uOIutIEE4. Inc
demand Tor money l. good, but the bulk il
for -xtensicu-very lew new loans asked for.
The rates Of discount continue at Gas per
cent.
u Caring Balances
Total this veeA-.-..---- 1860 p 81. OJ7 90
0 IL week ----.---. IG51 lrL % .1S.4SI 81
week last year zee l,ll9 4gi - $3.50 y
.hsnGe on New York and principal
j m points, Z discount buying dis
cyH Q on three days, and premium sell
ing and exchange on New Orleans dis
count buying. and par selling. Bank stocks
are quoted as follows: Bank OF Commerce,
l20; First National, I2OGI3O; German
National, POO; Manhattan lSC6ISO; State
National, I2O; Union and Planters, 122.
Insurance stocks - Buff City, IS; Herman
do, lG0tal55; Home, 80; Memphis City. So:
People, "0tGo5; PLcaix, IS; Planters, iOO(a
l05. Railroad stOck5-AIemphi and Charles
ton, 6Sd1O- Mississippi and Tennessee,
67Cg75; NOZZLE and OHIO, 27G29; Mem
phI- and Charleston first mortgage bonds,
-, ll2GllG; do. second mortgage bonds, -
! tlSo1l, l02C1lOs; DO. consOls, ll2; Memphis
and Little Rock srst mortgage bonds, 81,
iOOtgllO; Mississippi and Tennessee cousJla,
a, 100; DO. B, II9. Mi-cellaueous-Mem-
phis gas stock, 75GS3; do. bonds, $1,000;
Memphis Wafer Company, gSa 100; Mem
phis city bonds, old, 2SG32; compromise
bonds, 5SGLG5; coupons from old bonds, 30;
from compromise bUud-, 6SCJ50; ledger bal
ances, p; judgments on coupons and bonds,
% paving Indebtedness, p; Shelby county
memphis and Ohio railroad IS, lOOGIO3:
warrants, 9S31OO bid. none on the -,arket,
Mississippi levee bonds md coupons, District
No l, 10; do. scrip, 10; Bank of Tennessee
notes ne@ Is-ue, 35CJ45; Crittenden county
lArkansas) warrants, 20; do. Desha county,
%; do. Mississippi county, so. Building and
Loan Associations, per share Of SSGOc each
ALIA- 60 20
American, SFs} Memphis Building and
Savings association, Sl40Gl42.
NEW YORK BANK STATEMENT.
NEW YORK, March 25.-Loans, decrcase.
II ,O97, 100; specie, increase, 81, Ace, legal
tenders, decrease, 100000 deposits, de-
crease, Sl,4il, 200} circulation, increase, ST.
00J; reserve, Increase, SlS4, 800. The banks
ROW hold 1888, 100 in excess of legal re-
quirements.
PARIS, March 25.-Rentes, SIT, 9Oc.
NEW ORLEANS, March 25.-Sight exchange
on y W York, 81 per $1,000 premium; ster-
ling exchsDge-bsnkess' bile, 1876.
LoNpoN, March 25.-Consols, 1O1 3-I6;
on account, 1OI ) l6; Is, 1913; Illinois Cen
irfl. 39I Pennsylvania Central, 655; New
York Central, 1861 Erie, 1873; Erie seconds,
800; Reading, 300.
New YoaK, March 25.-Money, 3G6 per
cent, closing oH-red at 3 per cent. Prime
mercantile paper, 5G6 per cent. Sterling
eSchaDge-bdnker's bills, 1864 demand, 4S9I.
Government bonds strong and higher. Rail
road bonds dull but higher. State securities
inactive, except Virginia deferred and Ten
nessee mixed, which were 1GG14 higher,
respectively. Share speculation opened
strong and !@I!c higher, Manhattan Ele-
waited and Illinois Central leading the adj
vance. The general list in early trade fell
of s@5I, after which the market became
strong and sold up I@2f, East Tennessee
preferred, Lackawanna, Western Union, New
jersey Central, Denver and Rio Grande and
Texas Pacific being the most %conspicu-
Gus in the upward movement. In the
early part Of the afternoon a reac-
ton of SGl per cent. took place, the
latter in Jersey Central, while Ontario and
Western sold up Il per cent, and Colorado
Coal 3 per cent, to SOL. In late trade there
was an advance of s@l4 per cent, in which
Indiana, Bloomington and Western, Lacka- |
wanna, Denver aud RioGraHde, Kansas and
Texas and East Tennessee preferred we're
prominent, but in the final dealings Colorado
Coal reacted l K per cent, while Houston and
Texas closed at an advance of % per cent.
The general market closed in the main a
fraction lower, although prices were from 3
to 81 per cent. higher than at yesterdays
close. There was a good foreign demand for
Ontario and Western and a strong party be-
hind it here. There was a rumor on the
street that Frank Work and others have
taken an interest in the Honuibal and st.
Joe. Ii is evident that some important move
ment il in progress, and negotiations of some
kind have been going on; all parties are
reticent, however. Nice-President Duff was
interviewed, but refused to say anything ex-
cept that Mr.. Work had entire charge of the
matter. The Post says: THE week closed in
Wall street on an extremely easy money
market, with money offered for thirty days
at 4 per cent, and for six months at 3 per
cent, with foreign exchange dull, and
with the question of gold exports next week
dependent upon the movement of securities
between here and foreign markets, and
with United States bonds at the highest prices
yet made, at least for 4 per cents, and
with the stock market strong, both
as regards prices and tone. The large spec
~ulative capitalists who two weeks ago rescued
the market from utter Generalization have
since been large buyers of stocks, and con-
tinue to buy as if something more than
tone or the restoration Of steadiness to the
general market was contemplated. In the
aggregate a large amount OF the better class
of stocks has been taken during the week by
domestic investors. Spectators who believe
the recent depression was carried to the ex-
treme have also been buying, and for
eigu markets continue to take our stocks.
Inc upward course OF prices is PROOF taat
the buying demand has exceeded the supply
for sale. The selling which has taken place
has been 1) by traders, to realize profits; ~
by outsiders who hold stocks during great
depression and get out as prices rise, but gen.
buy back at higher rices, and (3l by
professional spectators who are 'bearish'
in their feelings. This latter class has prob
ably sold more than half of all the
stock sold, although from time to time buy
ing back when the market looks strongest"
Transactions aggregated 100000 shares.