Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-02-09

Exchange on New York buying at I dis
count, selling at premium. Eastern cotton
bills buying I per cent. discount, selling at
| par; and exchange on New Orleans / dis
count buying, and par selling.
| Bank stocks-Bsnk of Commerce, 135:
| First National, 102G4110; German Nation al,
| 2OO92lO; Manhattan, 160@170; State Ma
tional, 122(9125; Union and Planters, 1876
Railroad stocks-Chesapeake, Ohio and
Southwestern first mortgage, par; Mississippi
and Tennessee, 60@65; Memphis aud Charles
ton first mortgage bonds, 7s, 1l29l16; do.
second mortgage bonds, Isl 1885, J, 102(a10S; do.
consols, 1079109; Memphis and Little Rock
first mortgage bonds, 81, 100; Missesippi and
Tennessee console, A, 126; do. 2, ITO.
Miscellaneous-Mercha ants Storage and
Compress Company, new issue, los; 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; cospons from
old bonds, 30; from compromise bonds, 80;
ledger balances, %; judgments on coupons
and bonds, 30; paving indebtedness, %;
Shelby county (Memphis and Ohio railroad)
O., 50; warrants, 98@lO0 bid-none on the
market; Mississippi levee bonds and coupons,
District No. ], 1l@l24; do. scrip, 12@I23;
Bank OF Tennessee notes, new issue, so;
Crittenden county (Ark.) warrants, 20; do.
Desha county, 81; do. Mississippi county, so.
BY Telegraph.
NEW York, February S.-Money, 34(94
per cent; closed at 81 per cent. Prime mer-
camille paper, 51i96 per cent. Sterling ex-
bhnge-bankers' bills, 4S3; demand, 486.
Bonds-Governments I per cent lower for
IS and 5s; otherwise unchanged. Railroad
bonds moderately active and firm. State
securities without feature, except for Ala
bams, class B. which advanced TO 1921.
Stocks-The markets net result oil the FORE
Moons business was an advance OF t(91s per
cent; the latter Oregon Transcontinental and
Michigan Central. Between midday and
o'clock the market was less active and
weaker, the net decline being fraction in
the general lis: and ! per cent. on Michigan
Central, ii per cent. on Burlington and
Quincy, and u per cent. on Lackawanna.
In the last hour the market was more active
and stronger, and the net result was a gen.
eral advance Of I to 1t per cent, making
the closing prices ] to Ii per cent. above
the close of yesterday. Union Pacific
was exceptionally strong and advanced
IL; Western Union was also active and
strong, and advanced in the last hour;
Burlington and Quincy weak, and declined
!; Lsckswanna was generally weak during
the day, but closed strong, as did also the
general market. Inc Evening f0d says:
"Ihe decline in the last month is very sig
nifcant in proportion to the influences said
TO be at work. If we except Lake Shore,
Northwestern, Omaha, and Louisville and
Nashville, for the decline in which there
were special reasons, and Union Pacific, for
the decline ia which there is no sufficient
reason, the decline in the rest Of the market
is very small. The real fact lie, the North
western railroad war and its consequences
upon Northwestern and Omaha, aud St.
Paul, together with the compulsory pur.
chase OF the Nickel Plate demoralized the
specializing and investing public, and pre-
vented the usual January riss in stocks.
There has been substantial bottom to the
market, or it would have declined a great
deal more under the exaggerations sfloat
than it has DONE" The Post also says: "If
the settlement of the legal fight between the
Western Union and Mutual Union COM
panies is completed on basis upon which
all negotiations have been settled, except
signing The documents, it will result in a
consolidation of offices, line of service, ETC.,
to an extent that will reduce the expenses of
both companies from $500, 900 to 100000,
and consequently leave that much for net
income" Closing quotations: