Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-05-03
FINANCE AND TRADE.
FINANCE.

Business quiet at the banks outside oil the
daily routine. Money 6@Sper cent. discount
Nav d . Gsa g59 g i hslsnee 5
sa ms I'm Tine th lsss week $3.50 s. G5s7S 6.
Same time last year. Jl1,lOl AZ 12,1S' ..
Exchange on New York and principal
Eastern points, at par; ! discount on
| three days, and I premium selling; and
| exchange on New Orleans discount buy
| quotsd ss follows: Bank of Commerce,
| 40; First National, ITO; German Ma
| tional, 200: Manhattan, 16091S0; State
National, 120; Union and Planters, 122
| Insurance stocks = Bluff City, So; Herman
do, 1O0@155; Home, 90; Memphis City, SIS;
Peoples, 80 995; Phoenix, IS; Planters, 1009
los. Railro I'd stocks-Memphis and Charles
| ton, 6S(97O; Mississippi and Tennessee,
67@75; Mobile and Ohio, 27(929; Mem
pins and Charleston first mortgage bonds,
"a, 1129I16; do. second mortgage bonds, 7s
(lSS5), 102GD108; do. consols, 112; Memphis
and Little Rock 2rst mortgage bonds, IS,
l00@l10; Mississippi and Tennessee consols,
A, 126@l28; do. B, 119. MiscelIaneous-Mer-
chants Storage and Compress Company, 125;
Memphis gas stock, 1898; do. bonds, go
100; Memphis Water Company, 9S9100;
Memphis city bonds, old, 28932; compromise
bonds, 5S(965; coupons from old bonds 80;
from compromise bonds, 70@75; ledger bal.
auces, %; judgments on eoupons and bonds,
%; paving Indebtedness, 25; Shelby county
(Memphis and Ohio railroad) IS, 100@103;
warrants, 9S@100 bid, none on the market;
Mississippi levee bonds and coupons, District
No. l, 10; do. scrip, 10; Bank of Tennessee
notes, new issue, 35@45; Crittenden county
(Arkansas) warrants, 20; do. Desha county,
81; do Mississippi county, so. Building and
Loan Associations, per share of 5000 each
Bluff City, S73l176; Clerks, SIS; German
American, SIS; Memphis Building and
Savings Association, Sl409142.
PARIS, May 2.-Rentes, 84f. 274c.
NEW ORLEANS, May 2.-Sight exchange
ON New York g per $1,000 premium. Sterling
exchange-bankers' bills, 4S71.
LONDON, May New IS extended, 1O41;
Illinois Central, 1881; Pennsylvania Central,
1913; New York Central, 1871; Erie, 1876;
Erie seconds, 952.
New YORK, May Mooney, 2@39 per
cent. Prime mercantile paper, 5@54 per
steady, 4S7; demand, 1884, Government
bonds irregular. Railroad bonds moderately
active and strong. State securities dull and |
irregular. Share speculation opened strong, |
with the exception of Lake Shore, Northern |
Pacific preferred, Northwestern and Wabash, |
and in these there were only slight declines. |
Prices advanced a@3 per cent, the latter
New York Central. AT IL O'Clock prices |
we're still strong, Chicago and Alton and |
Michigan Central being most conspicuous in
he advance. In the early part of the after
noon prices generally fell off s@1l per cent,
he latter Nashville and Chattanooga and st.
Louis, Chicago and Alton; Ontario and
Western and Wabash preferred, however,
advanced s@4 per cent. During the after
loon prices again advanced, Missouri Pacific
cling up to 902, Kansas and Texas to 3Ik,
md Wabash preferred to SO. In late trade
prices advanced still further, Norfolk and
Western preferred, Oregon Navigation, and
Wabash common being most conspicuous in
he rise. The market closed strong and la
3 per cent. higher than yesterdays closing
rices, the latter Wabash preferred. Trans
ctions aooreoated $50 600 shares