Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-03-03


count being the ruling rate. Nothing doing in
securities.
March 2d.......... ...... $3.50 81 SO 1o2436 IS
Same time last week. 997,57s 81 1873 767 s.
same time last yesr...-.-.-. 734, i5S 6t 1922 81
Exchange on New YORK buying at par, selling
at 4 premium. Eastern cotton bills buying at q
per cent. discount, selling at par and exchange
on New Orleans a discount buying, and par
selling.
Bank stocks-Bank of Commerce. I35; First Ma
tional, l02a1l0; German National, 1O0g210; Man
haitian, 1Gogl7o; State National, l209125; Union
Insurance stocks-Home, 67970: Bluff City, 100;
Peoples, 829s7; Planters, lis; Phoenix, go; Mem
phis city. lOo fernando. 1929; Vanderbilt, lS9l5.
Railroad stocks-Chesapeake, Ohio and South
western INST mortgage, par; Mississippi and Ten
nessee, 60965; Memphis and Charleston first mort
ssgs o99 q s l g fe ee e999d
Memphis and Little Rock first mortgage bonds
s., 100; Mississippi and Tennessee consOls, A, 12e
Nisce MISUNDERSTANDING Storage and Com
press Company, new issue, los; Memphis GsI
stock, 80; do. bonds, g7gIo0; Memphis Water
Company, bonds with accrued interest, par; do,
stock, 100; Memphis city bonds old, 30. coDpro-
mise bonds, SIS; coupons from old bonds so; from
compromise bonds, 60; ledger balances, 28; judy
mems on coupons and bonds, 30; paving indebt-
edness, %; Shelby county Memphis and Ohio rail-
market Mississippi ievee SoUds and coupons. is
trict No. l, ll@l21z; do. scrip. l2gI21z; Bank Of
Tennessee notes, new issue. so; Crittenden county
lArkl warrants, 20; Desha county, e.; Mississippi
COUNT, 50.
BY Telegraph.
NEW YORK, March 2-Mouev, 4663 per
cent; closing offered "a per cent Prime rnercsn-
tile paper. 696% per cent. Sterling exchange
bankers bills steady, 4s11S; demand, 49,
BondB.-Governments irregular; IS "a lower As
= higher, AS and Is unchanged. Railroad bonds
active and higher. Texas Pacific incomes adj
vanced to sc from IS, and reacted to CO. sLate Sc
eurities dull and without feature.
Stocks.-The market was dull during the fore
noon, with light volume of business, and con-
tinued dull until O'Clock, when the market be-
came stronger, and later buoyant, the advance
being led by Northern Pacific, the stocks Of
which advanced in a few minutes from 49, to
1917 for common, and from S3sS TO sJ5z for prefer
red also OREGON and Transcontinental from S2J<
TO s42s. In the remainder of the general list the
advance was q to per cent. the latter Michigan
Central TO gll2. The cause Of the sudden upward
movement in Northern Pacific stocks was through
the report of greatly improved prospects for an
ton OF The road, and also for increased earnings
At the close the market was strong at the highest
prices OF the day, the genera range being ACa1%
per cent higher than the close last night; the adj
vance, however, being mainly in Northern Pacific.
President Dowd, of the HannIb bal and st. Joe, con-
firms the report OF the company falling to make
any satisfactory arrangements with the Chicago
Burlington and Quincy, and says the road has posi-
lively decided TO build the proposed extension to
Chicago, and that work will begin at once.
The Post kays: 'The route already partly sur
veyed will not connect with the Wabash, but
will be an independent line north of the Illinois
Schuyler, Fulton. Peoria, Marshall, Grundy and
Kendall. 1t is understood that at Auburn Sla-
ton, IL miles out from Chicago. the lew Hannibal
and st. Joe Will connect with the Chicago and
Western Indiana, and Iun into the city and into
the depots OF that company" Closing quotations: