Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-01-05
FINANCE AND TRADE.
FINANCE.


Bankers continue to report the money
market easy, one prominent fnancier de-
ciarlng that during his long career in the
| banking business OF Memphis he had never
| experienced a better condition of the finan-
clsl institutions OF Memphis at this season Of
| the year. Another evidence is found in the
published statements OF prominent bank,
| which may be taken az a comparative condi-
ton oil all the others, in which during three
days Its Irc5esse in cash resources was
S68,S6l SO, and in deposits S73, 98S 81. The
rate OF discount continues at per cent. Ex-
change continues abundant at quotations.
| while there is nothing doing in securities.
Clearings BaIances
January atn....-......... 254,94Z % s 26, 93S 46
Same time last week. 753I92 "a l26s08 70
Same week last year.. 76O,69I O3 1888 SIS
Exchange on New York buying at / dis
count, selling al par. Eastern cotton bills
buying per cent. discount, selling at par;
and exchange on New Orleans discount
buying, and par selling.
BANK stocks-Bank OF Commerce, 1875;
First National, 102@Il0; German National,
2OOC9zl0; Manhattan. 1609170; State Ma
uopal, lzz(9l25; Union and Planters, 1874.
Railroad stocks-Mississippi and Tennes-
zee, 60965; Mobile and Ohio, 27(92S; Mem
phIs and Charleston first mortgage bonds,
7s, 1l2C9ll6; do. second mortgage bonds, 7s
| (IS65), 1O2GalOS; do. copsols, 1l2; Memphis
and Little Rock first mortgage bonds, 81,
100(111 10; Mississippi and Tennessee consols.
A, ia; do. B, 1IO@lI3.
| Miscellansous-Mercha Storage and
Compress Company, nominally higher, 1876;
Memphis Gas stock, 75(9S0; do, bonds, 97(9
100; Memphis Water Company, bonds with
accrued interest, par; stock, l20; Memphis
city bonds, old, 80; compromise bonds, So;
nafr from old
mise bonds, so; ledger balances, %; judg-
ments on coupons and bonds, 30; paving in
debtedBess, 20; Shelby county (Memphis and
Ohio railroadl ia oo1-------a-yeoJuJIUU DID
noprun me market; Mississippi levee bonds
and coupons, District No. !, 1l9l21; do.
scrip, 129123; Bank of Tennessee notes,
new issue, 35945; Crittenden county (Ark.)
warrants, 20; do. Dssha county, 81; do. Mis-
. sissippi county, 80.
PARIS, January 4.-Rentes, 79f. 40c.
New ORLEANS, January 4.-sigbt e1-
change on New York par. Sterling ex-
chapge-bankers' bills, $50.
LONDON, January 4.-Consols, IOI 3-16;
account, 1919; A., 1871. Illinois Central,
473; Pennsylvania Central, 6l1; New York
Central, 3l4; Erie, Alt, Erie seconds, 100;
Reading, 275.
New YORK, January Mooney, soc
per cent Prime mercantile paper, 6GS per
cent. Sterling exchange - bankers bills
steady, 4S0t; demand, 4S4t. Government
bonds strong and tG4 per cent. higher
Railroad bonds active and strong. State
securities moderately active, and per cent.
higher for Louisiana consols; Tennessees,
old, / per ceut. lower. Share speculation
opened strong and prices s(91 per cent.
higher than at Yesterdays close; the latter
Chicago, Burlington and Quincy. There
was further advance of b(91 per cent in
early trade, led by Canada Southern, but
subsequently prices reacted s@a per cent;
the latter Chicago, Burlington and Quincy.
The market then became strong, and shortly
before midday sold up Hall per cent;
Northwestern preferred, New York, Chicago
and ST. LOUIS preferred, Nashville and Chat
tsnooga, and Western Union being most
conspicuous in the upward movement. From
then till o'clock the market was dull
and irregular, but in the main heavy, and
| prices fell off gradually t9l per cent. Texas
Pacific leading the decline. During the
last hour speculation became more active
and the market strong, and sold up 10 the
close. the advance ranging from 10 per
cent, in which Lake Shore, Texas Pacific,
| st. Paul, Denver and Rio Grande, North
| wsstsrn, and NsW-Xork Central were most
conspicuous. The market closed strong at
an advance on the days transactions of 1(92
per cent; Memphis and Charleston, Western
Union, Northwestern, and Texas Pacific
being most prominent therein. Closing
quotations: