Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-12-18

Exchange on New York buying at I dis
count, selling at par. Eastern cotton bills
buying at ! per cent. discount, selling at
par; and exchange on New Orleans / dis
count buying, and par selling.
Bank Stocks-Bank of Commerce, AS;
First National, lis bid; German Ma
tional, 200 bid Manhattan, 100 bid State
National, 127 bid; Union and Planters,
40 bid.
Insurance Stocks-Home, y bid; Bluff
City, 9S bid; Peoples, S0(9S5; Planters,
10 bid; Phoenix, 90@93; Memphis City,
l056ll0; Vanderbilt, 23925.
Railroad Stocks-Memphis and Charles
ton, 3S@42; Mississippi and Tennessee, 40
(450; Louisville and Nashville, 4S(950; Mo-
bile and Ohio, l0@13.
Railroad Bonds-Memphis City Rail
road bonds, 100@l0l; Memphis and
Charleston first mortgage bonds, rs, no;
do. second mortgage bonds, rs (lSS5),
l0l@l03; do. c~onsols, 104; Memphis
and Little Rock first mortgage bonds; IS,
l0l@l05; Mississippi and Tennessee con-
soils, A 122@125; do. B 106@10S; East
Tennessee, Virginia and Georgia consol
5s, 739(975.
Miscellaneous-Taxing-Dis District compro-
mise bonds, rs asked; Merchants Storage
Compress Company, new issue, l206l25;
Memphis Gas stock, 5000; do. bonds, 100;
Memphis Water Company, bonds with ac-
crued interest, par; do. stock, 1l0@l05;
Memphis City bonds, old, IS; compromise
bonds, S0@S3; coupons from old bonds, So /;
from compromise bonds, 50; ledger bal
ances, So; judgments on coupons and
bonds, So; paving Indebtedness, So; Shell
by county (Memphis and Ohio railroad)
Is, 9S@l00; warrants, 95@9S; Mississippi
levee bonds and coupons, District No. l,
10; do. scrip, 10; Bank Of Tennessee notes,
new issue, 20 bid Crittenden county Ark
warrants, 20; Desha county, 90; Missis-
sippi county, go.
BY Telegraph.
New York, December 17.-Money easy,
2a2H per cent, closed offered 2 per cent: Prime
chsnSe"bsniEors bills, isiT; demand, 4s41S.
Bonds-Goyernments strong. Railways steady.
Stoeks-Spcculation at the Stock Exchange to-
opening the market became buoyant. and an ad-
vance of lA@l1a per cent. in Wizards and L9lss
per cent. in others OF the active list took plsce.
Northern Pacific rose IL, TO 25l2; Northern Pa
cifc preferred 5A. to 50; Oregon Transcontinental
"a, to 49,; Oregon Navigation 81, to 1867, and
cifc was exceptionally weak, and broke 25 per
cent, to "a. Al sorts, Of ,rgmors were current.
The reasons given for the rise in the Wizards were
various, among them that the Oregon Transconti-
mental statement would show assets of SIS ,0D.OoO
in excess Of liabilities; that Oregon Transcript.
the enormous amounts given ont by the shorts,
and that Ralston, of the Farmers Loan
with Fabria and Endicott on the Oregon
Transcontincntal Investigating Committee.
idend had been enjoined, The bear clique made
special efforts to depress this stock, and Boston
was a free seller: About 1890 o'clock the Vii
GIs. and preferred to $50, Oregon Navigation
to lm, and Oregon Transcontinental s4ss Union
Pacific rallied to 1913, and fell of to 1873, and
other active shares receded = to l5S per cent.
After midday the Wizards made another upward
squirt, Northern Pacific rising to S6's, preferred
Navigation to ~ll0%. This strengthened the gem
eral list, and higher prices were recorded all
TGTmn; to \ f TrsnT Denver to sG So " Lake Shore to lH ssss,
Missouri Pacific to 90, New York Cen
i i5aI s. s. l basi:rrI Beading tn ss e and % %ssssn
Union to 7Sss. The market again weakened on
sales to realize and falling OFF in the demand from
the shorts, caused prices to decline a TO Ia per
cent. Near = o'clock the official announcement
was made that Willard had resigned the presi-
dency Of the Oregon Tsansccntinental and Ore
gon Navigation Company, ana that William En-
dicott, ~, of Boston, would succeed, him in the
Oregon Transeontinental, and Cooleridge, of Bos-
ton, in the Oregon Navigation. Cooleridge also
goes in the Oregon Transcontinental directory.
The official notice. was accompanied by, a state
firm part of the bonds now owned by the Ore
gon Transcontinental, amounting to S9,0O.Oo or
iis ,;DT mart Of ff the vi" debt tG so Su ras S%psn and VII MI
enable Il e resume n sound financial position.
A report Of tle condition of the company
will be made as sS5c as tho comm. ttee
appointed by the board has boon able to
make . proper examination, which will ncces-
sarily occupy several days; but 1t was positively
stated that the report viii show in hand an aggre-
gate of stock fully equal to the amount held at
the time Of the annual report, in juno last.
When this report became generally known
Northern Pacific moved up to rs and preferred
TO 59a, Oregon TranSeontinental to 81, and
Oregon Improvement to 6S. In the last half hour
New York Central developed marked strength.
Toe STOCK. Hhieh rad been firm all day at ll4@
1855, suddenly advanced 10 llaitsili5S. cash. The
rise was due to the action ofKuhn, Loeb & Co.,
who bought in, under the. rule" a round
amount Of stock against VIM. Heath 4 Co.
and others for non deliveries. The whole
market moved up 70 the best of
the day. At the close prices were
n fraction of, but the undertone was strong on
The belief that the Iowa pool troubles had been
fixed up. a. compared with Saturdays closing,
Northern Pacific is : per cent. higher, preferred
& Oregon Transeontinental Is. Navigation, So,
Qrrson l&pfpyswent ia. Northwestern. lss,
vile ana SssssimRte, / HsspsP, Isssat j. Yes
York Central Ia, and Wabash p~rpEegrcd y.
Union Pacific is ~ lower; Western Union and
Kansas and Texas are unchanged. In the special
ties, American Cable advanced ~ 10 63i4, Cleve-
iasa, Columbus. Cincinnati and indianapolis ia
Coal 70 10, i6Eie and Missssis.i $seIipsS IL
10 2tSz. The reason For the Spare ,EisS
\ GO. bought in under the rule" about
! Goo shares of stock asainstW M. Heath \ Co. and