Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-02-10

Clesrings Balances
Thus far this week. j,l25.4I9 So 244,2OS 60
Same time last week.. 107l. 5Ss 70 1s6,402 Is
same week last year. 1922 u 1895 81
Exchange on New York buying at ] dis
count, selling at premium. Eastern cotton
bills buying I per cent. discount, selling at
par; and exchange on New Orleans I dis
count buying, and par selling.
Bank stocks-Bank OF Commerce, 1876;
First National, 10291lO; German National,
2O0@2l0; Manhattan, 160@170; State Ma
tionsI, 122@125; Union and Planters, 135.
Railroad stocks-Chesapeake, Ohio and
Southwestern first mortgage, par; Mississippi
and Tennessee, 60965; Memphis and Charles
Ton first mortgage bonds, Is, 1l2C9116; do.
second mortgage bondr, 7s( 1885, 1029I0S; do
consoIs, 1079l09; Memphis and Little Rock
first mortgage bonds, IS, 100; Mississippi and
Tennessee consols, A, 126; do. B, ITO.
Observation-Disclosures Storage and
Compress Company, new issue, 100; Mem
phis Gas stock, 80; do. bonds, $4,000; Mem
phis Water Company, bonds with accrued in
Ierest, par; stock, 100; Memphis city bonds,
old, 30; compromise bonds, So; coHpons from
old bonds, 80; from compromise bonds, so;
ledger balances, %; judgments on coupons
and bonds, 80; paving indebtedness, 25;
Shelby county Memphis and Ohio railrosd)
g., 50; warrants, 98@100 bid-none on the
market; Mississippi levee bonds and coupons,
District No. l, 119l23; do. scrip, 12(9121;
Bank of Tennessee notes new ISSUE so;
Crit,enden county ARK warrants, 20; do.
Desha county, 81; do. Mississippi county, so.
BY Telegraph.
New YORK, February 9.-Money, 34(94
per cent; closed, offered per cent. Prime
mercantile paper, 5396 per cent. Sterling ex-
cbauge-baukers' bills heavy, 1929; de-
mand, 4S53.
Bends-Governments unchanged except
for A., which declined per cent. Railroad
bonds generally strong. State securities neg
lected.
Stocks-The stock market throughout the
forenoon was dull, aud in the afternoon till
2 o'clock was fairly active and irregular.
In the last hour there was less activity, but
the market was stronger and many stocks
made the highest prices of the day. The
strongest were Western Union, Union Pacific,
Lickawanns, New Jersey Central, St. Paul,
and Texas and Pacific; all OF which closed a
fraction higher than at the close last night,
except Western Union, which was II per
cent. higher. The remainder of The list was
generally higher than last night, the market
closing strong, with the highest prices Of the
day in final dealings. The Evening Post says:
1.-The main points of agreement between the
Western and Mutual Union Telegraph Com
paniee, and which only awaits signing, is as
follows: The Western Union will lease
all the lines and property of the
Mutual Union and pay per cent. inter
eel on Mutual Union bombs and IL per
cent. dividends on Mutual Union stock.
The consolidation of service, reduction of
expenses, etc., OF the Mutual Union, when
operated by the Western Union, will, il is
believed, give the Western Union a net
profit of from 100000 to 100000 on the
lease" Tue statement of the financial condi.
ton OF the Union PAcifc will show that after
paying divid' nds OF per cent, and provid-
Jog fer all cues to The government, the
floating debt has been substantially liquida-
ted, and that over and above these three
aforementioned items there will remain
100000 in The treasury, besides the sinking
fund. Closing quotations.