Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-08-17

continue strong. ~
August 6ih--. s3 yf3 g y So II
same time last week.. 5e0.J0l Al ll3,Jyi -
same week last year.-.-.~. 2S6.ib5 IL FOA52 "
Exchange on New York buying al par,
selling at premium. Eastern cotton bills
buying at per cent. discount, selling al par;
and exchange 90 New Orleans / Discount
buying, and par selling. 49,,
Bank stocks-B4uk of Commerce, l35 BID,
I40 asked; FIRST National, us; German NA'
tional, 200; Manhattan, l6OEglfO; STATE Ma
tional, 128 bid, 100 saked; Union and Plant
insurspCe stocks-Home, go offered; Bluff
Civ. 100; Peoples, IS; Planters, ll5; Phe-
nix, 80; Memphis City, l0OQlO3; fernando,
IO5SII0; Vanderbilt, l3@15.
Railroad bonds-Cnesapeake, Ohio aud
South western first mortgage, 80 asked; Mis-
sissippi and Tennessee, SO; Memphis and
Charleston first mortgage bonds, 7s, ia;
do. consols, 104; Memphis and Little Rock
first mortg age bonds, s., SO; Mississippi and
Tennessee console, A 123; do. b los.
Miscellaneous - TaxiDg-Dlstrict conpro-
mise bonds, GA; Merchants Storage and
Compress Company, new issue, 1856; Mem
phis Gas stock, Sl983; do. bonds, 100;
Memphis Water Company, bonda with
accrued interest, par; do. stock, $50 bid;
Memphis City bonds, old, 34935; com
promise bouds, 7097l; coupons from
old bonds, "a; from compromise bonds, 20;
ledger balances, "a; judgments on coupons
and bonds, "a; paving Indebtedness, "a; Shell
by county (Memphis and OHIO Iaiiroad) o.,
100; warrants, 50; Mississippi levee bonds
and coupons, District No. l, 10; do. scrip,
10; Bank of Tennessee notes, new issue, So;
Crittenden county (Ark.) warrants, 65(97O;
Dssha county, co. MlssIssIppi county ,6O9IO.
By Telegraph.
New YORK, Angus. 16-Money %essier,
21G9 per c-nt., closfd at p per cent. Prime
mercantile pspsr, 54G64 per cent. Sterling
exchauos-bAnkers' bilis heavy, 1929; de-
mand, 486.
Bonds - governments firm. Railroads
strong; Atlsntic and Pacific incomes ad-
vanced to &c, Burlington and Quincy de-
bsuture So to 81, Erie second consols to 81,
Fort Worth and Denver City frsts TO 10,
Kansas and Texas seconds to 81. Kansas and
Texas general mortgages TO SO, New York,
West Shore add Buffi io hrs's TO 74f, Rich
mond and DAuville deb~utures to 65, Iron
Mountain So to ~, T-xas and Pacific ip-
comes 10 So, Trx.s aud Pacific, Rio Grande
and Denver fl sis to 76}, and Union Pacific
sinking fund to 1174. Safe securities dull.
s ocks-Brokers are in excellent spirits
over the strength shown by the leading
stocks, which have ben violently ssialled
during the last few days. The early adv tnce
| of Erie to 3lk; Of Wessern Union to TAG Of
| Northern Pacific to 444, and Of Oregon and
Trausconlinental to 663, are regarded az an
indication either that The public are brgin-
ming 10 buy freely, or that heavy bolders OF
stocks are determined to sustain the market.
A report wss circulated that Jay Gould,
/ IL C-.gI ,nl N.n1arhiltl. gNna nod
| formed an alliance TO- tue purpose OF send
ing up stocks. The stock market on the
whole, to day pre- 'nltd a more natural and
healthful APPEARANCE. The advance at the
opening was caused largely by The covering
| OF shorts. Alter this abated and the usual
~resctiou from such immediate dem lnds had
been experience the market became con-
\ parstively dull, and from this wss revived by
buying orders, not only local, bui from
various parts of the country and from Eu-
rope, the latter chic fly from Amsterdam and
Frankfort. When Western Union was selling
at the lowest point, brokers credited with
Gould orders bought shsrss literally, and
the price recovered rapidly to "a. The
advance in this stock WAS the signal Tor a
general buying movement in other active
shares, and The whole list sold up to the
highest point Of the day. In ii lal transac-
lions he demand for stocks for borrowing
purposes con mud active, and to-day al
nigh as 1-l6 and J per cent. was paid fo'
New Jersey Central and ! l6 and / for New
York Central. Commission houses report 8
good demand for dividend-qayiug stocks fol
Investment account. The net result Of the
! days business was an advance Of to % per
cent, the latter for Northern Pacific, with
other advances as follows, namely: Canadl
Southern, Is; Central Pacific, l; Illinois
Central, II; Kansas and Texss, IL; Louis
/. vile aud NashyIfie, f3,I Michigan 0entrri
I1s; Jersey Central, Il; N~orthwestern, IL
Northern Psc 6c common, %; pref'rred, 1t
Ontario aud Western, II; Pacific Mail, II
Omaha, l.! preferred, u Texa, aud Pacific,
II; WabAsn, II. Cloiing quotations wera
IS follows: