Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-10-03
FINANCE.

Exchange on New York buying at y discount,
selling Mt par. Eastern cotton bills buying Mt =
per cent. discount, selling ut par; and exchange
on New Orleans 4 discount buying, and parsell-
ing.
Bank Stocks-Bank of Commerce, l35 bid. 40
asked; First National, IFS; Geylnan National,
200; Manhattan. 1d0@lO; State National, l2S bid,
Insurance ~Stocks-Home. so offered: Bluff City,
100; Peoples, s. Planters, ~: Phoenix, 30; Mem
phis City, ll6@ll0; Vanderbilt, 2}G25.
Railroad Bonds-Chesapeake, Ohio and South
western first mortgage, % asked; Mississippi and
tennessee; ~; Memphis anu charleston hrst mort
gage bonds, IS; Ia; do. second mortgage bonds,
Is NsS1l, 1903; do. consols. lOl; Memphis and Lit
tie i R TSR first moTtgaFe bon nd s. S. IS s io Mississippi
Miscellaneous TaXing-D District compromise
bonds, 81; Merchants Storage and Compress
Company, new issue, l%; Memphis Gas stock, 81
ass: do. bonds, 100; Memphis Water Company,
Memphis City bonds, old, S4ecS5; compro-
mise bonds, 70@7l; coupons from old bonds, 81;
from compromise bonds, 20; ledger balances, "a;
judgments on coupons and bonds. -; paving in
Ohio railroad Is, 100; warrants, % Mississippi
lovee bonds and coupons, District No. ], 10; do.
Is; Crittendeu county ark warrants, 65@7O;
Desha county, go; Mississippi county,
Fly Telegraph.
NEW YoRK, October Money easy at
2i9@3 per cent, closed at , per cent: Prime mer-
bankers bills weak, 1924 demand, 49,.
Bonds.Government strong; railroad about
steady; Western Shore. frsts, weaker, at d9kg
7lfs; State bonds inactive.
~Stocks-Another dull day in stock securities,
all opening with the market firm and higher,
with n general adynnce in prices of = TO Us per
cent, the latter Western Union. on Q favorable
decision ofthe Court OLA ppeals 0galizing Sl5 ,526.-
$50 OF the stock issued Mt the timo Of the con
solidatiOn OF the American Union aud Atlantic
and Pacific telegraph companies with the W cstern
Union in 1881. After IL o'clock tho market was
quiet aud barely steady, and continued so till
afternoon, when q sharp attack was made on
Cleveland, Columbus, Cincinnati and lndianup-
oils, carrying the stock down from ol1s to 59ts. This
was followed by attacks ON the grangers and
L-ackBwanna, Showing the absence of supporting
orders. The raids We're gSuerally successful,
prices being forced down Il to ? per cent, North
western preferred suffering most. There was n
little recovery at the close. The market left of
weak, ~ compared with last night close; Prices
are. down q to 2 per cent, except for wabash,
and Chicago. Burlington aud Quincy, which
ara u fraction higher. Among the special
ties Alton aud Terre Haute,. broke "a per
cent. to s.. Lake shore and Western preferred
. to 81, Ohio Central rs TO ~, and st; Louis
mud san Francisco preferred | 10 u. Chicago,
st. Louis and PittsbuFg preferred rose ! To Il
Mutual Union IL 10 ~, aud Home Stake minipp
Y to Ia. Inc depression in cstefl
was occnsi0Hed by rumurS that the company had
boon used before, but not with as much effect a'
to-day. u caH be authoritatively stated thGI
the stories are without foundation. In fact, the
Ereniag Post says, ''ns the bears were evidently
are known to be supported, Il side issue was made
by n few parties on Alton and Tcrrc Haute, and
Cincinnati, Clcyciclapd, CDlumbu and lndiana
polls, the first Of which was sold down "a, and tn,
latter Ga per cent: Whether Tiers Is any reason
in the financial affairs of the road for u decline
| or not, il is believed the depression to-day wa
! artificial. The general situation of railroad at
| fairs IL encouraging, the earnings are good with
4 no immediate prospect of serious complications II
regard to rates. Closing quotations were as fol