Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-12-14
FINANCE AND TRADE.
FINANCE.

| Money commands 8 per cent, with mode
rate demand and easy.
CIearinzs. Balances
December 18th .--.....---.S 245.400 90 6O,9s1 %
Thus far This week. $50 675 30 1888 y
Same time last week. l4ll,796 % SO o.
Same week last year. 69O.577 81 151,7S6 a
Exchange on New York buying at dis
count, ceiling at par. Eastern cotton bills
buying per cent. discount, selling at par;
and exchange on New Orleans I discount
| bUVing, and par selling.
BInK stocks-Bank of Commerce, 135;
First National, 102@110; German National
| 200(9210; Manhattan, 160(9170; State Ma
tioUal, l22(9125; Uoion and Planters, 1273.
Miscellaneous-Merch Storsge and
Compress Company, nominaliy higher, l35;
Memphis Gas stock, 1880; do, bonds, 9i@
100; Memphis Water Company, bonds with
accrued interest, par; stock, l20; Memphis
city bonds, old, 80; compromise bonds, IS;
coupons from old bonds, 80; from compro-
mise bond-, so; ledger balances, %; judg-
ments on coupons and bOnds, 80; paving IN
debtedness, %; Shelby county (Memphis and
Ohio railroad) 81, SO; warrants, SlGl00 bid
none on the market; Mississippi levee bonds
and coupons, District No. ], 11@I21; do.
scrip, 12@12a; Bank OF Tennessee notes,
sp's% issue, 35@45; Crittenden county ARK
warrants, 20; do. Desha county, 81; do. Mis-
sissippi county, 80.
New ORLEANS, December 13.-Sight ex-
change on New York par. Sterling ex-
change-bankers' bills, 4794G94SO.
LONDON, December I3.-Nsw 5s extended,
1054 As, l24; Illinois Central, $50; Penn
sylVania Central, 624; New York Central,
S63; Erie, 384; Erie seconds, SO; Reading,
26s.
NEW YORK, December 13.-Money 2196
per cent, closed offered q per cent. Prime
mercantile paper, Gas per cent. Sterling
!, h.. l-.,-,1 - a
mand, 465. Government bonds were per
cent. higher for 3s, higher for extended 5s,
uurt lower -for-otner issues.- Rziiroad
bonds moderately active and strong. State
securities without feature except Tennessee
g., old, which advanced per cent. Share
speculation opened Irregular, but in the
main at fractional improvement over yes
terday's closing quotations. The market
during the fret hour was strong and active,
and sold up 49l3 per cent, Denver and Rio
Grande, Northwestern, Western Union,
and Louisville and Nashville being
most prominent in the advance. There was
then a reaction of s@B per cent, led by
st. Paul; but The market again became
strong, and recorded an advance Of 4(92 per
cent, Omaha preferred and common, New
Jersey Central, Canada Southern, and st.
Paul leading. Shortly after midday the
general list fell of 2(94 per cent, the later
Omahas, but subsequently,, under the iptiu-
tnce Of the decision in ard to freight rates
in the Northwest, the market became buoy
ant, and about :45 O'Clock an advance took
place, ranging from ! to 80 per cent, the
latter Omaha common to 57s. Omaha pre-
ferred sold up 3, Alton and 1erre Hsute pre-
fsrred 2 Delaware, Lackawanna and West
ern &, Can ida Southern l t, and St. Paul l !
per Cent. In late trade realizing sales caused
a decline OF per cent 10 Omaha common,
/ in Omaha preferred, l. in Louisville and
Nashville, and ] in the rem ainder of the list.
In final dealings a recovery of s9ls per cent.
took place, and the market elosed strong, at
an advance on the days transactions of
hash per cent, granger railroad and Lake
Erie aid Western being most prominent
therein, Richmond and West Poihl, the ex-
ceplion, closing per cent. lower than yes