Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-04-14


APr , iSth n: S5s 40 se3Sli G
Ih9s i tT, ms ; s.S 3tg 1ez 81
Same time last yes-..-.. 635 72e 20 POI, 266 8.
; Exchange on New York and principal
Eastern points, discount buying; dis
count on three days and ! premium sell
{ ing; and exchange on New Orleans / dis
count buying, and par selling Bank stocks
are quoted as follows: Bank of Commerce,
l2O; First National, 1209130; German
National, 200; Manhattan, i60(9lS0; State
National, 120; Union and Planters, 122.
Insurance stocks Bluff City, So; Herman
do, 100@155; Home, 90; Memphis City, IS;
Peoples, 9O695; Phoenix, 70; Planters, 100@
los. Railroad stocks-Memphisa and Charles
ton, 6S(G70; Mississippi and Tennessee,
67@75, Mobile and Ohio, 27929; Mem
phIs and Charleston first mortgage bonds,
Il, 1l2(911G; do. second mortgage bonds, 7s
(I3S5), 1029l0S; do. consols, 1I2; Memphis
! and Little Rock srst mortgage bonds, IS,
! 1O0@ll0; Mississippi and Tennessee consols,
| A,l26(9128; do. B 1l9. Miscellaneous-Mem-
| phis gas stock, 75C9S3; do. bonds, $4,000;
| Memphis Water Company, 98@100; Mem
| phis city bonds, old, 28@132; compromise
bonds, 5S(965; coupons frcn OLD bonds, 30;
| from compromise bonds, 70(975; ledger bal
ances, %; judgments on coupons and bonds,
20; paving indebtedness, 25; Shelby county
(Memphis and Ohio railroad) 6s, 1009l03;
warrants, 98@l00 bid, none on the market;
No. l, 10; do. scrip, 10; Bank of Tennessee
notes, new issue, 35G45; Crittenden county
(Arkansas) warrants, 20; do. Desha county,
62; do. Mississippi county, 80 Building and
Loan Associations, per share of $1,000 each
Bluff City, S73976; Clerks, STs; German
American, SIS; Memphis Building and
Savings Association, Sl40GD142.
PARIS, April 13.-Rentes, SAT-, pc.
LONDON, April 13.-Cousols, 1Ols account,
10i4; new 5s extended, I05i; As, 1872; Illinois
Central, 1885,; Pennsy lvA1ia Central, 632;
New York Central, 1872; Erie, $685. Erie sec
ond4, 94!; Reading, l3l.
NEW York, April 13.-Money, 3(949 per
cent, at the close Offered at2 per cent. Prime |
mercantile paper, 5(954 per cent. Sterling |
exchange-bankers' bills steady, 1851; de- |
mand, 1891. Government bonds somewhat |
irregular, but in the main strong and per |
cent. higher. Railroad bonds rather dull |
and irregular. State securities inactive, ex- |
cept for Tennessees, which are fraction /
higher. The stock market from the opening |
TO the first board was generally firm and 10
per cent. higher, the latter for Louisville |
and Nashville; subsequently, Wabash shares
developed marked weakness, and declined 81
per cent. for preferred and IL for common.
Two reasons are assigned for the selling of
these stocks, which were, first, that 81, 100000
of general mortgage bonds were yesterday
added to the Stock Exchange list !
which completes the issue of S17,-
100000. These bonds were authorized
for the acquisition of new lines, equipment,
etc. Wall street did not suppose these bonds
were yet needed, and put an unfavorable
on their issue now. The other
reason was a report that the London office
Of the company will be closed. The general
market finally became weak, and declined ]
to 2f per cent, Michig an c n.ral Denver and
Rio Grande, Rock Island, Northern Pacific,
Missouri Pacific and Western Union figuring
in the depression. New Jersey
Central declined to 744. This stock rallied
on the report that the chancellor had
ordered an election early in May, and that
the transfer books for the same would close
o-morrow. The fact is, there will be hear
ing before the chancellor Tomorrow when
ne will be asked to order the election, the
Gowen party making application and the
present directory opposing it. Louisville
and Nashville declined to 723 without any
special reason. In the last hour there was a
in the stock market oil 4691A
per cent, the latter New Jersey
Central, to 20, which is the highest
price of the day. As rule stocks
which recovered most were those in which
short interest" is largest. In final dealings
part OF the recovery was lost, and the market
again became weak, closing prices being 10
s. per cent. lower than yesterday, the latter
Wabash preferred. Colorado Coal closed
per cent. lower, Missouri Pacific q, Michi-
gan Central and Rock Island II each, Dem
yer Is, Wabash commonl l !, Texas and Pa
;lfe !, Burlington and Quincy l 1, and the
4@1 per cent. New Jersey Cen
iral is the only stock which closed higher,
and that at "a. The bears, to aid them in
heir attack upon the market, started the
-1mor that prominent house had failed,
md that Jay Gould was dangerously ill, one
'umor giving his disease as diphtheria, an
a IL
There was no failure and George Gould said I
his father was suffering from a severe cold
md in no danger. Transactions aggregated
10000 shares.