Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-09-28

and Little Rock first mortgage bonds; IS,
So; Mississippi and Tennessee ~consols, A
1913; do. b los.
Miscellaneous-Taxing-D District compro-
mise bonds, 81; Merchants Storage and
Compress Company, new issue, 135; Mem
phis Gas stock, SlGS3; do. bonds, 100;
Memphis Water Company, bonds with ac-
crued interest, por; do. stock, 40 bid;
Memphis City bonds, old, 34@35; compro-
mise bonds, 70G71; coupons from dc
bonds, 81; from compromise bonds, 20;
ledger balances, "a judgments on coupons
and bonds, "a; paving Indebtedness, "a;
Shelby county (Memphis and Ohio rail
road) is, 100; warrants, 95; Mississippi
levee bonds and coupons, District No. /,
10; do. scrip, 10; Bank of Tennessee notes,
new issue, 90; Crittenden county (Ark.)
warrants, 5000; Desha county, SO; Mis-
sissippi county, 60(G70.
BY Telegraph.
New YORK, September 27.-Money plen-
tiful at 2@24 per cent, closed at . per cent.
Prime mercantile paper, 6G7 per cent.
Sterling exchange-bankers' bills steady,
1927 demand, 4S43.
Bonds-Governments strong for long
date bonds and weak for IS; AIS sold at
ia, and As, coupon, at 1913, the highest
prices for a long time past. Railway
bonds strong; the features were an ad-
vance in Denver construction and Denver
and Rio Grande and Western firsts. In
State securities, Tennessee compromise
sold Mt 43.
Stocks-The market during the fore
noon was, ON the whole, stronger than
yesterday forenoon. Notwithstanding the
forenoon was, on the whole, stronger than
yesterday forenoon. Notwithstanding the
efforts to make declines, which were
partly successful in the first three-quarters
Of an hour, the net result of the most ac-
tive stocks was 5@14 above closing prices
Wednesday night. The greatest activity
was in Northern Pacifics, but these did not
monopOliZe SO large a part of the dealings
as heretofore. From u 80 o'clock to .
o'clock the market was somewhat fever
ish and unsettled, but on the whole,
strong, and the net result was a pretty gen
eral advance in the most active stocks of
to per cent, the latter on Northwest
ern, to l26, with to ] per cent. on other
stocks. In the last hour the market was
higher. In the first fifteen minutes it was
dull, and prices declined to per cent,
but in the last t~hree-quarters of the hour
it was strong, and there was an advance.
At . o'clock prices fell off to / per cent,
the latter on Northern Pacific preferred,
to 81; with on Oregon Transconti-
mental, to 500; I on Michigan Central,
CO4 s Oh IdhC CilOIc, ~ lUD4 4 Oh
Louisville and Nashville, to 50s; on
Denver, to 284; I on ~Lackawanna, to l213;
also, on Central Pacific, to 6Sb; on Read
ing, to 52s, and to ! per cent. on other
stocks, the latter on Western Union.
These changes left the market to J
per cent. higher than on Wednes-
day night. The upward movement
in prices was mainly attributed
to the announcement of railroad man
ayers that roads west of the Missouri
river had formed a pool, which included
the Northern Pacific, and by reports that
powerful combinations have peer formed
by certain operators to protect Northern
Pacific, Western Union and other leading
stocks, and to force shorts to cover. Rich
mond and Danville was exceptionally
weak in the last hour, and declined u, to
So, making p per cent. for the day. The
Richmond and Danville directors will de-
clare a dividend to debenture ~bondholders
October LIST. Net earnings of the road for
the year to September 30th were, approxi-
mately, S1,29S,034; fixed charges, 81 ,219,-
16S, leaving $7S,S66. President Newell, of
the Lake Shore, says the road has fully
and honestly earned its quarterly dividend
OF > per cent, and can see NJ reason why
it will not continue to 10 so. Closing quo
tatiOnS were as follows: