Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-09


5 Eight per cent rules for money with stii
demand.
9 August sth. ......-..........S 6e,S5 ~ d6s13
5 Eaas t day tf last T sseE i is SSsss
same day last yesr-.--.-..-. 164z-o 1.-Two
Exchange on New York and principa
Eastern points, at par; ! discount on lhre'
! days, and premium selling; ana e1chang'
on New Orleans discount buying and pal
selling.
Bank stocks-Bank of Commerce, 100
Manhattan, 1609IS0; State National, 1zOi
Union and Planters, 125
Insurance stocks-BIuf City, oS; Her
nando, lO09l05; Home, so; Memphis City,
50; Peoples, 909s5; Phoeni1, 7Si Planters,
lis.
Railroad stocks-Mississippi and Tennes-
see, 67975; Mobile and Ohio, zIODZ9; Mem
phis and Charleston fret morIgsge ponds, az,
| I12C91I6; do. second mortgage bonds, u
I (lSS5l, l029l08; do. consols, liz; Mem phis
and Little Rock fret mortgage bonds, IS,
lO0Gll0; Mississippi and Tennessee consols,
A, 126(9l28; do. B, 116@117.
Building and Loan Associ aiions, per share
Of 500 each-Bluff City, s739I6; Clerks,
| SIS; German-AmericaD, SiS; Memphis
Building and Savings Association, Sl4O9
142.
Miscellaneous Merchants Storage and
Compress Company, 125; Memphis gas stock,
1908; do. bonds, $4,000; Memphis Water
Company, bonds with accrued interest, par;
stock, 120; Memphis City bonds, old,
28932; compromise bonds, 58965; cou-
pons from old bonds, 80; from compromise
bonds, 70(975; ledger balances, %; judg-
ments on coupons and bonds, 80; paving in
debtedness, 25; Shelby county (Memphis
and Ohio railroad) s., 10O@lO3; warrants,
9S9100 bid-none on the market; Mississippi
Ievee bonds and coupons, District No. l, l2C9
notes, new issue, 35@45; Crittenden county
(Arkansss) warrants 20; do. Desha county,
90; do. Mississippi county, so.
PARIS, August S.-Rentes, SIT. 75c.
LONDON, August S.-Consols-money, SO g.
16; account. SO 1l-16; A., bonds, l23; Illinois
Central, 1881; Pennaylvania Central, 63t;
New York Central, 800; Erie, Ala; Erie sec
onds, 100; Reading, 30s Bullion Withdrawn
from the Bank OF England on balance to-day
is $4,000.
NEW YORK, August s.-Money, 293 per |
cent. Prime mercantile paper, soc per cent |
Sterling exchauge-bankers' bills steady, |
1851; demand, 1881. Government bonds |
we're weak and { per cent. lower for extended |
- and As coupons, and unchanged for ex-
ended Is, 44s and 4s registered. Railroad |
business. State securities were inactive. The |
took market opened steady, and gradually |
,aiued strength during the morning under /
,ood buying of leading shares. Before mid |
lay there was an advance OF to q per cent;
he latter in Northwestern common. The
took conspicuous in the upward movement
we're Lackawanna, st. Paul and Omaha, I
Northern Pacific, Kansas and Texas.
Af,er midday there was q reaction OF IL per
a md ! To ~
he remainder OF the list. The market, how
yer, soon became strong and toward 2
o'clock pm. the buoyant features were
oregon and Transcontinental, which adj
anced to 923, Northern Pacific to 50k and
4 !, Western Union TO 909, Louisville to 751.
)m aha to 52s, Denver to 625. Kansas and
'exas to 415, Texas and Pacific to $50, and
hannibal and st. Joseph TO 9S2 from 95, on
ispstches saying that the court in the So
any. The market in the last hour was
trong 10 buoyant, and for many stocks the
ighest prices yet made we're paid. The
pecial features were Denver and Rio
irsnde, Texas and Pacific, Northern
'acific, Oregon and TranscontipeptaI.
nd Western Union Telegraph. The
lsrket at the close was strong, aud there
Iere indications that some of the leading
peculators who had been working for a de-
line had given, up the task as an imProba-
lie one, and have Joined the "bull" side.
he Evening Post says: Ordinarily the
Deculative capitalists will soon control the
rices, but it has often been shown that
, against the public, unless the latter can be
emoralized, they are power, at least, all |
trough the early stages of the contest.n
hat paper further says: "The secret of the
repgth OF the market is the extensive buy
* by public money, which each year has
lore and more to invest The public now
ppear to be influenced in their purchases
ainly by two considerations-one, that even |
it'll short yield of some crops here and
lere, the country as a whole will have the |
rgest crops ever produced, and from pres.
ut indications will have a good market for
lem; and the other, that the trunk-line
arty this year is directed 10 securing full L
ties, where year ago its purpose seemed
be the reverse. In other words, the pub
c, in buying shares in railroad property,
re counting on large tonnage and on good
ties for the same. Indications clearly point
another 'bulP movement, leading operators
aving been large operators on the re-
mt decline. There is consider
Die Hshort" interest in the market,
fact which will assist the rise and
ateriaIly strengthen" WESTERN Union
as the feature in dealings of stock, rising :
official announcement that Mr.. Gould had !!
ansferred his large holdings OF Mutual
MON stock to the company at a very low
cure, which prevents any possibility OF
arfare between the two corporations. The
ct that the earnings of the Western /
MON are large, and also that Mr.. Gould
Id his following were heavy buyers, assisted /
e upward movement this evening. Roch-
ter and Pittsburg rose sharply on the state
ent that the officials of the company are {
,lding for new business, which will be very {
ue6cial TO the road. Transactions aggre-
tied S3l 900 shares.