Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-02-25
BY Telegraph.


PARIS, February 24.-Rentes, S2t 924c.
NEW ORLEANS. February 20.-Sight ex-
change, 3 per $1,000. premium. Sterling ex-
change-bankers' bills, 4S44.
LONDON, February 24-United States bonds
new 81, 1881; AIS, lis; As, 1l94; Illinois
Central, 1856; Penn4y lvania Central, 61s;
New York Central, 1872; Erie, 16l4; Erie sec
onds, 81; Reading, 1923.
NEW YORK, February 24-Money Sac per
cent. per annum, 1-32 per cent. per diem, clos
ing at per cent Prime mercantile paper,
59G6 per cent. Sterling exchange-bankers'
bls steady, 4S51; demand, 400. Govern
ment bonds strong. Railroad bonds gener-
ally hrm. Safe securitiss firm. There has
been 81 OPS 600 gold engaged for to-morrow's
steamers. Share speculation opened in the
main at o decline from yesterday of / I to
per cent Richmond and Danville, Houston
and Texas, and Oregon Navigation being most
conspicuous therein. Manhattan Elevated
q and Chesapeake and Ohio / per
cent higher. In early dealings the market
was irregular and unsettled, but the changes
were mostly fractional, except Louisville
and Nashville, which declined p, Michigan
Central e. Rock Island IL Northern Pacific
preferred ], Union Pacific II, and Rich
mond and Allegheny II per cent. Lake
Shore advanced ! and Reading per cent
Toward noon the market became more set
tied and prices recorded an advan of ] to
per cent; in which Houston and Texas,
Missouri Pacific, Northern Pacific preferred
Memphis and Charleston, Union Pacific, and
Louisville aud Nashville were the most
prominent. In the early part of the after
noon a reaction of s@15 per cent. took
place, the latter in Missouri Pacific. From
the second board the market advanced TO
the close, the advance ranging from 4 to 5
per cent, Richmond and Dsnville, Memphis
D.
rerre Haute, Michigan Central, Union Pa
ci6c, Houston and Texas, Hannibal and St.
Joe preferred, and Northern Pacific preferred
leading. Richmond and Danville fell of
per cent. in final dealings. The market
closed strong at about the highest point of
the day Transactions aggregated $4,000
shares. A reporter of the Commercial Bulletin
conversed with Jay Gould this afternoon
relative TO the excitement and decline of
yesterday when he said: "The decline of
yesterday was without reason and the sacri-
tice of stocks foolish, and to-day shares are
held in stronger hands than they have been
Tor the past two years." The Commercial
Bulletin says: at leaked ont to-day that for
the first time in many months Vanderbilt
as been heavy buyer of his own stocks
From money-lenders and others it was also
ascertained that at least two of the heavy
af4eeulators who had worked the decline
from Monday until yesterday afternoon were
arranging for longtime loans for large
amounts, showing what they are preparing
Tor" Foreign bankers bought many stocks
for the foreign market. The temper of the
speculation at the Stock Exchange among
very small traders continues, however, very
bearish, usually happens when prices are
lowest, 90 there is large short" interest in
the market. The money market was active
to stringent at per cent, and remained at
that rate, plus 1-16 of per cent. per day,
until the afternoon, when the rate fell to
plain per cent, and finally to per cent