Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-01-26

Exchange on New York buying at l dis
count, selling at premium. Eastern cotton
bills buying 1 per cent. discount, selling at
par; and exchange on New Orleans / dis
count buying, and par selling.
Bank stocks-Bank OF Commerce, 1876;
First National, 102Q110; German National,
2O092l0; Manhattan, 160@170; State Ns.
tional, 122@125; Union and Planters, 1876.
Railroad stocks-Mississippi and Tennes-
see, 60@65; Memphis and Charleston first
mortgage bonds, 7s, 1l2@l16; do. second
mortgage bonds, 7s 1855, 102910S; do.
consols, 107@l09; Memphis and Little Rock
first mortgage bonds, Sc, 100; Mississippi and
Tennessee consols, A, 124; do. B, ITO.
Observation-Disclosures ants Storage and
| Compress Company, new issue, 106; Mem
phis Gas stock, 80; do. bonds, $4,000; Mem
| phis Water Company, bonds with accrued in
terest, par ;-stock, 100; Memphis city bonds,
old, 30; compromise bonds, SO; coupons from
old bonds, 80; from compromise bonds, So;
ledger balances, %; judgments on coupons
and bonds, 80; paving indebtedness, Is;
Shelby county (Memphis and Ohio railrosd)
g., SO; warrants, 98@100 bid-none on the
market; Mississippi levee bonds and coupons,
District No. /, 1l@l23; do. scrip, 12@12i;
Bank OF Tennessee notes, new issue, So;
Desha county, 81; do. Mississippi county, &c.
BY Telegraph.
NEW YORK, January 25.-Money, BOA per
cent. Prime mercantile paper, 51(96 per cent.
Sterling exchange-bankers' bills steady,
4S23; demand, 486.
Bonds-Government strong and per cent.
higher for all issues. Railroad bonds irreg-
ulsr and generally higher. Sta's securities
dull and without features.
Stocks-The stock market showed some
improvement both in tone and volume of
business this forenoon as compared with yes
terday. There was some wavering and I'M
certainty during the first half hour, BUT after
that there was hrmer tone and an increase
OF business, which was continued up to 1890
o'clock. The exception was Jersey Central,
which declined / per cent, and then recov-
cred l per cent. After 1890 o'clock the
market became frmer, and the improvement
in tone continued until 2 O'Clock. In the
last hour, however, the firm tone which had
prevailed through the day was lost. The
result Of the last hours business was a de-
cline Of TO t per cent, the latter on North
western. Jersey Central declined TO III;
Hannibal and st. Joseph declined II per
cent. TO 424c for common, and per cent. for
preferred to SIC. AS compared with last
The drop in Jersey Central this forenoon
was caused by the announcement that at the
meeting to-day there would be nothing done in
regard 10 taking he property out of the hands
of the receiver. Subse quently partial recov-
cry ofstock was caused by the statement, semi
officially, that decided action would be taken
SOME time within a few months to dissolve
the receivership. 1t is believed the Elevated
railway litigation has reached the point
where the majorities of all litigation parties
have practically agreed upon a basis OF
compromise, and that the only obstacle to
complete the settlement is the formation of
perfectly legal plan TO do 90. The Post says:
"a Washington dispatch giving notice OF
preparations OF the attorney-general to be-
gin suit against the Union Pacific to recover
| about 81 100000 alleged to be due the gov
eminent on account OF the earnings OF the
road for the transportation OF materisl for
its own construction does not seem 10 effect
the market price OF Union Pacific stock,
probably because il does not strike the gen.
eral public as consistent with the policy OF
the government to substitute railways and
then tax the process of construction. We
learn from the chairman of the government
directors OF the Unien Pacific Railroad Com
psuy, that the reports of the trouble or dis
cord; between them and the officials and di-
rectors of the company are without founda-
ton. All information ssked for by the gov.
eminent directors is furnished by the COM
pany, and the government and government
directors are now actively engaged in the
preparation of their report for the Secretary
OF the Interior" Closing quotations: