Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-03-30
FINANCE AND TRADE.



Business at the banks without a feature o.
change worthy Of note. The rates Of dis
/ count for money continue at SO percent.
1 March ~ -..-............s 91.4s4 - 2l,529 o
/ Thus far this week........ 4i86 SIS - 1I7,s7O Il
Same time last week. 632l54 81 l0s,3.s 3
Same time last year 57A.o5I - l4A,O4 -
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,
! 100; First National, l20(G13O; German
! National, 200; Manhattan, l60CGl8O; State
I National. I2O; Union and Planters, l22.
Insurance stocks - Bluff City, SS; Herman
/ do, 100G155; Home, go; Memphis City, %;
I Peoples, 90@95; Phoenix, rs; Planters, 1000
| 100 Railroad stocks-Memphis and Charles
/ ton, 68@l70; Mississippi and Tennessee,
I 67(G75; Mobile and OHIO, 2T(G29; Mem
/ phis and Charleston first mortgage bonds,
/ "a, II2Gll6; do. second mortgage bonds, Is
| I8S5), 1O2Gl0S; do. consols, ll2; Memphis
and Little Rock .rst mortgage bonds, s.
| 1OOGllO; Mississippi and Tennessee copsols,
! A, 100: do B, 1l9. MiscellaneOus-Mem-
phis gas stock, 1908; do. bonds, $4,000;
Memphis Water Company, 9SC9lOO; Mem
phis city bonds, old, 2S(a132; cOmPromIse
Z bonds, jSdl65; coupons from old bonds, 80;
from PROMISE bouA1s ODttJCU1 lcAEtA DaA
ances, %; Judgments on coupons and bonds,
20 paving Indebtedness, %; Shelby county
Memphis and Ohio railroad) o., 1O0G1103;
warrants, 9S(Il00 bid, none on the market;
Mississippi levee bonds and coupons District
No. l, 10; do scrip, 10; Bank Of Tennessee
notes, new issue, 35(945; Crittenden county
(Arkansas) warrants, 20; do. Desha county,
So; do. Mississippi county, so. Building and
Loan Associations, per share OF $1,000 each
Bluff City, S73@76; Clerks, SIS; German
American, SIS; Memphis Building and
Savings Association, Sl4OGyl42.
PARIS March 29.-Rentes, 83i.
New ORLEANS, March 29.-Sight ex-
change on New York-$2 per $1,000 premium;
sterling exchange-bankers' bills, 1856.
LONDON, March 29.-4ls, 1853; Illinois
Central, l40l; Penney lyania Central, 60; New
York Central, 1867; Efie, 1882; Erie seconds,
IS; Reading, 1893.
New YoRK, March 29.-Money, 2l@6 per
cent, closing at p per cent. Prime mer-
camille paper, sec per cent. Sterling ex-
change bankers bills steady, 1856; demand,
4S9}. Government bonds firm and per cent.
higher for AIS and extended 81, and I'M
changed Tor As and extended IS. Railroad
bonds moderately active but irregular.
State securities without feature, except for
Tennessee, new, which are per cent. higher,
and Louisiana consols, which are per cent.
lower. Share speculation opened weak and
g@l4 per cent. lower than yesterdays clos
ing prices; Richmond and DaDville, how
ever, was the exception, opening J per cent
higher. In early business the market fell off
sG1s per cent, but the prospect Of another
call for Sl5OOO,000 or S20O0O,000 of three
and one-haIf per cent. bonds by the
treasury, and the discovery that lead.
ing spectators who yesterday sold so
many stocks and induced free short selling"
by Others, were secretly buying stocks to day,
gave the stock market in the afternoon a
buoyant turn, and the highest prices OF the
day were made in the last hour. The mar
ket is undoubtedly stronger for the down.
ward reaction which it has had, and closed
4a3 per cent. above yesterdays closing
prices. Transactions aggregates 100000
shares