Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-05-17

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Hsg Is 1 ts4 fbi:week .2iSs 57sS5 %
Same time last week. 393,ll y sgl6O %
same week last YeaT-...- o59,USJ - 4z0i4oo o.
Exchange on New York buying at par,
selling at premium. Eastern cotton bills
buying at / per cent. discount, selling at par;
and exchange on New Orleans discount
buying, and par selling.
Bank stocks-Bsnk OF Commerce, 1876;
First National, I1S; German National, 200C9
2IO; Manb attain, 160@170; State National,
125 bid; Union and Planters, 140@l423
bid.
Insurance stocks-Home, 67(d70; Bluff
City, 100; Peoples, IS; Planters, lis; Pho
nix, 80; Memphis City, 100; fernando,
1921; Vanderbilt, I3@15.
Railroad bonds-ChessPeake, Ohio and
Southwestern fret mortgage, 50 asked; Mis-
sissippi and Tennessee, 45C95O; Memphis and
Charleston frat mortgage bonds, 7s, HOO
ia; do. second mortgage bonds, 70 (lS65),
1029104; do. console, 104@l06; Memphis
and Little Rock FIRST mortgage bonds, 81, 30
6lOO: Mississippi and Tennessee consols,
4 1249I26; do. 3 I089110.
Miscellaneous Merchants' Storage and
Compress Company, new issue, 14O bid, $50
asked-light offerings; Memphis Gas stock,
80; do. bonds, 95@98; Memphis Water Com
pany, bonds with accrued interest, par; do,
stock, 14O bid, $50 ssked; Memphis City
bondq, old, 30@334; compromise bonds,
65l968; coupons from old bonds, So; from
compromise Donds, 20; ledger balances, 80;
judgments on coupons and bonda, 80; paving
indebtedness, SO; Shelby county (Memphis
and Ohio rallrosd) g., 989l00; warrants, IS
-(99S; Mississippi levee bonds and coupons,
District No. l, 10@l1; do. scrip, l0@l1;
Bank Of Tennessee poteS, new Issue 7O4(97l;
Critepden county lArk,l warrants, -7Di- De-
sta county, so; Mississippi county, 70.
By Telegraph.
NEW YORK, May 16.-Money, cost per
cent, closed offered 2932 per cent. Prime
mercantile paper, 54(96 per cent. Sterling
exchange-bznkera' bills quiet but steady,
1881; demand, 1864.
acknowledgements per cent. higher
for IS, otherwise unchanged. Railroads gen.
orally heavy. State securities neglected.
Stocks-Ihe special features OF the stock
market in the forenoon were Wabash, which
wss exceptionally weak and 1391s lower,
and Uniea Pacific and Lackawanns, which
we're strong and t higher. Aside from
Wabash the result of the forenoon's business
was merely the maintenance of yesterdays
best prices on the general list, which we're
somewhat higher than the closing figures
last night. Among the specialties Chicago,
st. Louis and Pittsburg advanced i and II
COR common and preferred, Richmond and
Danville IL, and Canada Pacific ] above the
highest price Of yesterday. Wabash con-
tinued TO depress the arket up till 2 o'clock.
In the last hour the market was generally
firmer and there was an improvement of ia
on the general list, bringing prices up TO
about an average Of the day. The exceptions
10 the general rule of recovery aud strength
in the last hour we're Wabash, which
closed and q per cent. lower
than last night, and Memphis and
Charleston 3 per cent. lower. The majority
of other stocks closed at small fraction be-
low act nights closing, but the market was
firm at the close. The Erenin9 Poet has the
following: "Crop reports are more encour-
aging, especially from the Northwest, where
the prospect was never better than at prea-
ent. 1t is also now pretty well understood
Inst the depression OF last week was due TO
the apathy OF the 'bulls' rather than an In
herent weakness in the market, and that this
condition has been taken advantage of by
the 'besrs' TO raid the market. 1t is believed
there is a considerable short interest out in
Louisville and Nashville and Union Pacific,
which will 6e promptly covered If the mar
ket should advance. A meeting OF the West
ern Union directors wAs held to-day, but
nothing definite Is reported in regard to the
prospect of having that stock listed On the
London Stock Exchange. Sull 1t Is believed
by parties interested that it will be listed"
Closing quotations were as follows: