Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-01-17

| IL nothing OOibS III SECURITIES.
Clesrings. Balances
January 18th ..-...s257. 966 20 90 500 %
Thus far this week 546.0O5 OF IO47 "a
same time last week. 469 s95 10 I26 el2 OF
Same week last year..-. Zo2,6O7 Of 1888 "a
Exchange on New York buying at dis.
count, s.llipg at par. Eastern cotton bills
buying per cent. discount, selling at par;
and exchange on New Orleans discount
buying, aud par selling.
Bank stocks-Bsnk Of Commerce, 1876:
First National, 102O110; German National,
| 20O(9210; Manhattan, 160(9l70; State Ma
tionel, 1229l25; Union and Planters, 1874
Miscellaneous-Merchs Storage and
| Compress Company, loo; Memphis Gas
srocE, 5000; do. bond, 979lOO; Memphis
! Water Company, bonds with accrued inter.
est par; stock, 120; Memphis city bonds
old, 80; compromise bonds, So; coupon. from
cid bonds, 30; from conn promise bonds, so;
ledger balances, %; judgments on coupons
and bonds, 30; paving indebtedness, 25;
Shelby county Mem phis and OHIO railroadj
g., SO; Wsrrsnis, 9S@100 bid-none on the
market; Mississippi levee bonds and coupons,
| District No. l, ll9 %; do. scrip, 12ta123;
Bank of Tennessee notes, new issue, 35@45;
Criltenden county (Ark.) warrants, 70; do
DssEa county, 81; do. Mississippi county, 80.
PARIS, January 16.-Rsntes, 79f. 421c.
NEW ORLEANS. January I6.-Sight ex.
change ON New York, SI@1 80 per $1,000
prem nm. Sterling exchsng e-binkers' ster-
liog, 1921.
LONDON, January 16.-Consols, IOI 7-16;
account, l0l 8; new IS extended, 1861; Al,
1861; Illinois Central, sol; Pennsylyania
Central, CIT; New York Central, BIT; Erie,
Az
New YORK, January 16.-Money, 3@
| e eloainU nH red 2 no
tile paper, 54@63 per cent. Sterling ex-
augs-baukrrs' bills steady, 4S2; deman
486. Government bonds generally weak.
Railroad bonds irregular, but in the main
strong. State securities dull. The stock
market developed more strength this
forenoon than yesterday. There was a
gradual upward movement OF prices
without even any fractional reactions, and
though the advance was not large
and the volume Of BUSINESS comparatively
small, there was apparently more conf.
dent feeling. The stock market was strong
during the last hour Of business, and for
that matter, throughout the day. There
vas scarcely even fractional reaction
throughout the entire day. In the last hour
prices advanced t9f per cent. for some
| stocks, but for most of them wss quiet and
| firm at the highest prices OF the day. The
net result Of the Days business was an i'm.
| portrait increase in the volume of business,
and the advance in prices OF from to 2EE
per cent, the latter in Jersey Central. Ia
| final dealings the most active stocks
we're Delaware, Lackswanna and Western,
Jersey Central, Denver, and Texas Pacific.
| Hannibal aud ST. Joseph preferred sold ex-
dividend, 784; jersey Central advanced %
per cent. to the highest price, making the
total advance 4 per cent.-irom 69a last
Thursday TO 734 today. Various rumors
were in circulation as 10 the cause OF The ad-
| vance, none of which, however, could be
positively authenticated. 1t is stated, on
what seems TO be good authority, that The
gross earnings of the road for the last year
were nearly Sl2,000,000. The Post says:
| Gas the month progresses, and interest and
| dividend disbursements come more freely
| iao the market, there appears to be an in
creasIBg desire TO find investment for money,
though comparatively little has gone into
stocks; yet the present appearances seem 10
indicate that last Friday was the turning
point, both in volume of business and
range in prices. 1t is said the coal operators
have large amount of money for which
they have No employment for the next sixty
days, unless they find uss for it ia the stock
| market" Closing quotations.: