Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-03-25

D ne rates Ol ul-COunL continue al Dtd1S per
cent.
Thus far this week ..... ,rys. ~ o. 1859 -
same tinis isst year. ssiG;5 g 20 IS .
Exchange on New York and principal
Eastern points, discount buying; ! dis
count on three days and 2 premium sell
ing; and exchange on New Orleans dis
count buying, and par selling. Bank stocks
are quoted az follows: Bank OF Commerce,
| l20; First National, l201l30; German
| National, 200; Manhattan, l60G1S0; State
| National, 100; Union and Planters, I22.
! Insurance stocks - Bluff City SO; Herman
do, 1000 l55; Home, so; Memphis City, IS;
! Peoples, 900 95; Phoenix, 10; Planters, 1000
| i05. Railroad stOcks-Memphisa and Charles
| ton, 6SCa70; Mississippi and Tennessee,
| 67@75; Mobile and Ohio, 27(d29; Mem
pins and Charleston first mortgage bonds,
| H. 112G1l6; do. second mortgage bonds, Is
/ (lSS5), l02Gl0S; do. consols, ll2; Memphis
| and Little Rock Erst mortgage bonds, 81,
! 1000 10; Mississippi and Tennessee consols,
| A, 100; do. B, 1l9. Miscellaneous-Mem
| phis gas stock, 1908; do. bonds, $4,000;
Memphis Water Company, 98G1lOO; Mem
! phis city bonds, old, 2S(G32; compromise
| bonds, 5S965; coupons from old bonds, 30;
! from compromise bonds, 6S(d1S0; ledger bal
ances, %; judgments on coupons and bonds,
! %; paving Indebtedness, %; Shelby county
| Memphis and Ohio railroad) 6s, l00G1l03;
warrants, 98@100 bid, none on the market;
Mississippi levee bonds and coupons, District
No !, 10; do. scrip, 10; Bank Of Tennessee
notes, new issue, 35G,45; Crittenden county
tArkansas) warrants, 20; do. Desha county,
90; do. Mississippi county, 80. Building and
Loan Associations, per share of $4,000 each
Bluff City, S73@176; Clerks, SIS; German
American, SIS; Memphis Building and
Savings Association, Sl409142.
PARIS, March 24.-Rentes, 83f., LIE
LONDON, March 2f-Consols, IOl 3-I6;
new IS, extended. 1042; Age, 1l64; A, 1194; !
Illinois Central, 800; Pennsy lvania Central, |
65; New York Central, 1876; Erie, 1879; Erie |
seconds, %; Reading, 292.
New YORK, March 24.-Money, las per
cent, close offered at 2 per cent. Prime
mercantile paper, 5G6 per cent. Sterling
exchange-banker's bills, 1854; demand, 4S92. |
Government bonds strong and 3di per cent |
higher. Railroad bonds were mod ,rately |
active and generally lower. State securities |
were inactive. Share speculation opened ir- |
regular, but in the main 5GGlS per cent. |
higher than yesterdays closing prices, the
latter for Lake Erie and Western, while
Oregon Navigation was q and st. Paul,
Minneapolis and Manitoba were per cent.
lower. The market in early trade recorded
decline of lC92 per cent. in which Kansas
and Texas, Wabash preferred and COM
mon, Union Pacific, Erie, Denver and
|
Paul and Omaha preferred were the
most conspicuous. A recovery of s(ds per
cent. then took place, the latter for New Jer-
sey Central; but about noon the market
again fell off B(924 per cent st. Paul, Min
neapolis and Manitoba, Erie preferred, Rich
mond and Danville, Lake Erie and Western,
New Jersey Central, and Wabash preferred
being prominent in the downward movement
From neon the market sold up steadily
until Just before the close, the advance rang
ing from to 2k per cent. Denver and Rio
Grande, Colorado Coal, Kansas and Texas,
Louisville and Nashville, Western Union,
Union Pacific and Wabash preferred and
common being prominent therein, while St
Paul, Minneapolis and Manitoba sold up %
per cent. to 12l. In final dealings some
shares reacted a fraction, st. Paul, Minneap
oils and Manitoba and Richmond and Dan
vile per cent, while Indiana, Bloomington
and Western closed at an advance of q per
cent, and the general market closed strong.
The stock market, which was sold down
yesterday and this morning largely on the
expectation that 100000 gold would be
shipped tomorrow, has been strong this
afternoon because it is now almost certain
hat no gold will be shipped. A good deal
of stock was sold for Short account" and
has to be bought back again. The downward
reaction in the market was encouraged by
leading spectators, except in such stocks as
Lake Shore, Western Union and Missouri
Pacific, which we're not permitted TO drop
below the schedule prices. There is now
more of disposition than there has been
for several months to buy stocks on every
reaction, and a good deal of "short" stock
sold yesterday and to-day has been taken by
those in and out of the "slreet" who believe
in much higher prices during the spring
months. Some stock was bought to-day for
foreign markets. One authority says he
understands that the market was turned from
its strength by the shipment of large block
of Western Union Telegraph stock bought
for a syndicate in London whose chief mem
bers are connected with the cable companies.
Transactions aggreg tted 400. 900 shares.