Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-01-19
FINANCE AND TRADE.
FINANCE

Business was quiet at the banks yesterday
Bankers continue 10 report rates for money
! at Gas per cent, exchange on New \ ork and
principal Eastern points ] discount buying
/ discount on 3 days, and I premium ceiling
and exchange on New Orleans discount
buying, and par selling. Bank stocks are
quoted as follows. Bank of Commerce, l20;
Union and Planters l2j; State National, l2O;
Manhattan. 160(G1S0; First National, 100;
German National, 205lGZ10. Insurance
stocks-Home Insurance Company OF Men,
phis, 60; Bluff City, 500, 80; Peoples, PIG 80
Planters, l05; Phoenix, 8oS82i fernando,
Z IljNII7l; Memphis City S3(GS5. Other
stocks and bonds rule at the following quo
/ tations: Shelby county bonds, 8 per cents,
/ l0l@l02; City compromise bonds, undisPut-
( ed, Goa 62I; tainted, 4OjG45; past-due cou-
| pons from undisputed bonds, so; from faint
I ed, 10000; old bonds, 30CG33 ledger bal
ances and Nicolson paving scrip, 25(G26.
Memphis gas stock. 799S0; DO. bonds, 959
96. Mississippi levee scrip or coupons Of
District Ne. l, HOP. Mississippi and Ten
nessee stock, 20; first mortgage bonds, $50;
do second mortgage bonds, 1lS@l20. Mem
phis aud Little Rock first mortgage bonds,
H0Gll2. Memphis and Charleston consols,
ll2@ ia.
MEMPHIS BANK CLEARTSG5
January Is. Sif i45 ~ IL s siSaS IS
Thus far this week-.....-.. 4Ij05I g. IS 2sS @
same time last year....--... 3i4'2 D. lil,9oV %
Concerning the condition Of the inanci al
institutions OF New York the Daily Indicator
makes the following report: THE move
ment of money from the interior and the
very general liquidation of accounts that has
been made since the beginning of the year
has restored the banks TO a condition of
strength not held by them at the same period
in any year since 1879, as shown by the COM
plrative statement Of the condition OF the
New York clearinghouse banks in the early
part of January, for three years, and for the
week ending January H. 1882. A review OF
the loan market at the beginning Of each
year since 1879 presents close concurrence
between it and The statements given out by
the banks. In January, 1879, call loans were
quoted at 4CG6 per cent, and prime CONNER
cial paper at 4 ia 5 for the same month in 1880.
Call loans ranged at per cent. to with /
per cent commission added, and commercial
paper 54G}6. At the same time in 1881 call
loans were fully up to the legal rate, and
commercial paper was quoted 5C959. At the
present time call loans are quoted sac and
commercial loans at 4lG76. Considering the
increasing demand for money, the present
rates for loans compare favorably with the
period mentioned in the past three years."
by Telegraph.
PARIS, January l8.-Rentes, s3f. 774c.
New ORLEANS. January 18.-Sight ex-
change on New York 81 per $1,000 premium. Ster-
ling exehange-bsnkers' bills, 4ss.
LONDON January 1S-CoEsols, 100 5-16;
account, 1907; Illinois Central, 1879; Pennsylvania
Central, 6i1z; New York Central, 1873; Erie 4SJ%
Erie seconds, l02; Reading Si4.
NEW YORK, January 1S.-Money, gas
per cent, closing at per cent. Prime mercantile
bills steady at 4s21z; demand 1861. Government
and nnchanged for extended Si es and IS and 4
Railroad bonds were moderately active. State Sc
eu'ities were dull. Share speculation opened in
thSn gesterdass closing prices, e the iStter
for Michigan Central. In the early dealings, |
advance of H@l per cent. took place, Memphis |
and Charleston leading therein. following which |
was decline ranging from A9lA per cent, the |
became stronger and sold mp %@3Iz per cent, in 1
which Richmond and Allegheny, Memphis and |
Charleston and Denver and Rio Grande were most |
the list fell on 14g11s per cent, in which Read
ing Memphis and Charleston, Illinois Central aud |
Denver and Rio Grande were most prominent. |
14(9Ij4 per cent, Richmond and Allegheny, East |
Tennessee preferred. Missouri Pacific, Reading |
and Union Pacific being the most prominent in |
a decline OF l1s9lH pei cent. took place, |
Delaware, Lackawanna and Western leading the |
downward movement. The market closed weak.
Transactions aggregated 100000 shsres, OF which |
there were of Central Pacific 300. Cleveland, Co
lumbus and Indiana Central, l1oO, Delaware,
Grande $1,000, Erie 1000 Kansas and Texas $500,
Lake Shore 81 0C0 Louisville and Nashville IS 900,
Michigan Central 800, Memphis and Charleston /
Jersey Central $500, New York Central Is, 400, |
Northern Pacific 1900 Ohio Central II 900, Pacific |
Mail 1900, Reading az, Oo0 St Paul l6Oo0. st. Paul
cifc Is 900 Wabash Pacific 1000, Western Union /
q Co., Illinois Central 1000, East Tennessee 1900
Richmond and Allegheny, $780, Closing quota
n 6