Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-08-30

Same week last year.. 1jl,s77 % 35,693 Is
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 dis
count buying, and par selling.
Bank stOcks-Bank OF Commerce, l35
bid, 40 asked; First National, us; Ger
man National, 200; Manhattan, 16OGl70;
State National, l28 bid, 100 asked; Union
and Planters, AS bid.
Insurance stocks-Home, 80 offered /;
Bluff City, 100; Peoples, 50; Planters, rs;
Phoenix, 80; Memphis City, l0jGlI0;
Vanderbilt, 23d25.
Railroads bonds-Chesapeake, Ohio and
Southwestern first mortgage, % asked;
Mississippi and Tennessee. 80; Memphis
and Charleston first mortgage bonds, IS,
ia; do. second mortgage bonds, rs 1SS5l,
I03; do. ~consols, 1O4; Memphis and Little
Rock first mortgage bonds, IS, 50; Missis-
sippi and Tennessee c~onsOls, A 123; do. B
1Gs.
Miscellaneous-Taxing- District compro-
mise bonds, "a; Merchants Storage and
Compress Company, new issue, 1876: Mem
phis Gas stock, Sl@S3; do. bonds, 100;
Memphis Water Company, bonds with ac-
crued interest, par; do. stock, 100 bid /;
Memphis City bonds, old, 34@35; compro-
mise bonds, 70(g7I; Coupons from old
b'AAh1'J - w N'DAIApAii7t bolAAA1y ~ >
ledger balances, "a; judgments on cou-
pOns and bonds, "a; paving Indebtedness,
"a; Shelby county memphis and Ohio
railroad) Is, 100; warrants, % Mississippi
levee bonds and coupons, District No. i,
10; do. scrip, 10; Bank OF Tennessee notes,
new issue, 50; Crittenden county ark
warrants, 65G70; Dcsha county, 60; Mis-
sissippi county, 6Od70.
BY Telegraph.
New YoRK, August 29.-MOney market
easy at 2a3 per cent, closed offered at =
per cent. Prime mercantile paper, 53a63.
Sterling exehange-bankers' bills, quiet,
49, demand, 1881.
BOnds-GOvernments a fraction lower
for coupon AIS and IS. Railway bonds ir-
regular; West Shore firsts lower at 694,
and Denver eonsols higher at 80 bid; the
former subsequently rallied TO 70s bid.
State securities dull.
Stocks-During. the forenoon the stock
market was again considerably unsettled,
but the general range of prices was higher
than yesterday. Between 1890 and 2
o'clock prices were again lower. In the
last hOur the market was generally lower,
the decline being from to ! per cent. on
the general list, with l per cent. on North
ern Pacific preferred, Louisville and Nash
vile and Michigan Central, 81 on Jersey
Central, and = on Oregon and Transcon-
tinental. In the last hour Oregon Railway
and Navigation Company sold at l28,
| against 100 earlier in the day. Room
traders Sere conspicuous sellers, having
discovered that there were no supporting
orders on the board" The depression in
the Vanderbilts was due to rumors that
the dividends on the Lake Shore and New
York Central will be reduced to 6 per cent
per annum. As compared with last nights
H. - -
cent, except for Central Pacific, Chicago,
Burlington and Quincy, Chicago and
Alton, st. Paul, Rock Island, and
Erie preferred, which are to IL per cent.
higher. In the specialties Boston Airline
preferred rose l per cent, TO 81; Memphis
and Charleston /, to 3S; Metropolitan Ele-
waited q, to 9l3; Milwaukee, Lake Shore
and Western preferred Z to 39t Pullman
Palace 2, to l27; Quicksilver preferred !,
TO "a, and West Point Terminal II, to 20.
New Jersey Central lent fiat to l-32, New
York Central fiat to l-64, and other stocks
flat to 2 per cent. for carrying. Commits
sion houses report a better inquiry for
stocks from small investors. Small lots
are being taken and paid for. The EreIa-
eng Post says: "The general range of the
market was higher to-day than yesterday,
Notwithstanding the closing prices to-day
were lower than yesterday. The specu-
lative element i'll the market, hat which
buys or sells to catch immediate fuc-
tuations made from day to day
by manipulations and false reports,
is still mainly on the bear side. Specu-
lators who buy and sell from hour to hour
are still exercising their ingenuity mainly
in causing depressions of first one stock
and then another; but aside from this
there is a gradual, though moderate alb.
sorption of stocks for investors. who do
not pay much attention to the daily
fluctuations Of prices. OF course this class
OF investments will no be as large as long
as spectators keep prices depressed, but
now that crops generally are secured, ex
cept the corn crop, which seems to bt
reasonably larger than the average of past
years, it is probable that the buying o
stocks for Investment will increase till its
effects will be felt in the daily market.
Closing quotations were as follows:
GOVERNMENTS.
4 @ - Ja0rX ms