Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-10-11
FINANCE AND TRADE.
FINANCE.

October 10TH. .......s 1929 - $50 Z
same time last %S week. sos s ssSss q
i same week last year. ,092 80 $3.50 IS
| Exchange on New York buying at I dis
count, selling atepar. Eastern cotton bills
buying ! per cent. discount, selling at par;
and exchange on New o rleans / discount
buying, and par selling.
Bank stocks-Bank of Commerce, 1876:
First National, 102@110; German National,
2OO(92l0i Manhattan, l0O(917O; State Ma
tional, 122(9l55; Union and Planters, I25
Insurance stoeks-Bluff City, 95; Her
nsndo, 1873; Home. 90 refused; Memphis
City, SO; Peoples, s4(986; Phenix, 8S@92;
Planters, lis.
Railroad s,ocks-Afississippi and Tennes-
see, 60(q65; Mobile and Ohio, 27C92S; Mem
phis and Charleston first mortgage bonds. 7s,
| ll2(91I6; do. second mortgage bonds, 7s,
| (1885J, I02(4I0S; do. consols, liz; Memphis
and Little Rock first mortgage bonds, So, 100
| CLIO; Mississippi and Tennessee consols A,
l27; do. b, ll0G9ll3.
Miscellaneous -Merchants' Storage and
Compress Company, Dominaly higher, 1876;
100; Memphis Wafer Company, bonds with
accrued interest, par; stock, 10; Memphis
City bonds, old, so; compromise bonds, So;
coupons from old bonds, 30; from compromise
bonds, 60; ledger balances, IS; judgments
on con ons and bonds, 80; paving indebt-
edness, %; Shelby county memphis and
Ohio railroad) IS, 90; warrants, 9S(1IO0 bid
none on the market; Mississippi lsvee
bonds and coupons, District No. ], 11(9124;
do. scrip, l2(9l24; Bank of Tennessee notes,
new issue, 35(a145; Cri;tenden county (Ark.)
warrants 20; do. Desha county, 81; do. Mis-
sissippi county, so.
PARIS, October I0.-Rentes, SIf. 721c.
NEW ORLEANS, October 10.-Excnauge-
New York sight, l0@I5 per cent premium.
LONDON, October 10.-Consols, 100 Is 16;
account, lOl 1-l6; 41s, 1153; A., 122; Illinois
Central, LAG; Pennsylvania Central, 664;
New York Central, 81; Erie, 441-seconds,
1903; Reading, 32s.
NEW YORK, October I0.-Money, Solo per
cent, closing at 6. Prime mercantile paper,
COS. S'erling exchange-bankers' bills
steady, 48l; demand, 4S54 Government
bonds, per cent. higher for AIS and As reg
is;ered, and unchanged for extended 5s and
As coupon. Railroad bonds strong. State
securities without feature, except for Ten
nessee new, which advanced to 514. The |
general tone OF speculation during the day |
was strong, and prices consequence are |
higher than yesterday. The market opened |
At an advance from yesterdays closing quo |
tatlons OF sC93 per cent, Alton and Terre |
Haute common and preferred leading therein, |
while Redmond and Danville was the ex-
ception and opened per cent. lower, at 70. |
In early dealings the market continued |
strong, and a further advance of 4(1II per |
cent was recorded, Rochester and Pittsburg
and Union Pacific being prominent therein,
while Richmond aud DAnville sold up |
per cent. 10 49, This was followed |
by reaction of IL per cent in
Alton and Terre Haute, and 1@2
in the remainder of the list, the latter Mia
neapoli. and St. Louis preferrod; but the
market again became strong, and between 1 |
and O'Clock the shares sold mp t(12 per
cent, st. Paul, Minneapolis and Manitoba,
Canada Southern, Allegheny Central, and
Michigan Central being the most conspicu-
GUS in the upward movement, while Rich
mond and DAnvilIe fell of 2 and recovered ! |
per cent This was succeeded by a reaction
OF s@3 per cent, led by Louisville and
Nashville, but in late trade this decline was
recovered, st. Paul, Minneapolis and Mani
toba leading the improvement 10 final
dealings the high rate Tor call loans, which
advanced TO 10 per cent, caused decline in
prices extending from / to l. per cent, the
latter S. Louis and San Francisco preferred
while Richmond and Danville broke from
~ to "A. The market closed weak, but at
an advance from yesterdays closing prices
Of 9(924 per cent, the latter Canada South
erff; Richmond and Danville, however, is 5