Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-05-13

Bankers report a moderate demand ard
fair supply, COS per cent discount the rul-
ing rate.
Clearings Balances
Nay l2th.....-;...........s l0T.363 u sI5l5 81
/ Total This week 7SO2s5 so I5O9i9 2
Total last week. 11263lI e8 2945H 81
1 Same week last Year........ 655,5s3 GO l55473 60
Exchange on New York buying at par,
selling at premium. Eastern cotton bile
buying at / per cent. discouu', selling at PSF;
and exchange on New Orleans discount
| buying, and p,r selling.
Bank stocks-Bsnk OF Commerce, 135;
Fret Nationa', us; G.rmsn n ,iionsl, 2CO@
2lO; Msnaat'ar, lG0@l7O; State National,
Us bid; Union and Planter, 140(9l421
bid.
r .ilroad bonds-Caessp-ake, Ohio ard
Southwestern Grs, mOrlgsg", 95 asked; Mis-
issifpi and Tennessee, 5000; Memphis and
Charleston 6rst mortgage bond, 7s, HOG
ia; do. s,cond mortgage bonds, 7s 1855,
10000; do. consolS, 104@1O6; Memphis
and Little Rock first mortgage bOndr, Sc, 95
@lOO; Mississippi and Tennessee consols,
A 1249l26; do. B 1OS9110.
Miscell aneous- ants Storage aud
Compress Company, new issue, 140 bid, $50
asksd-light offerings; Memphis Gas stock,
so; do bonds, 9599S; Memphis Water Com
pany, bonds with accrued interest, par; do.
stock, 140 bid, $50 asked; Memphis City
boBdp, old, 309333; compromise bonds,
65G68; coupons from old bonds, 80; from
compromise bonds, 10; ledger balances, SO;
judgments on coupons and bond', SO; paving
Indebtedness, 80; Shelby county (Memphis
aud OHIO rsIlroad) g., 93(Gl00; warrants, 95
ass; Mississippi levee bonds and coupons,
District No. l, 10C9l1; do. scrip, 10@l1;
Bank Of Tennessee notes, new issue 703(g7l;
Criuepden county (Ark.) warrants, 70; De.
shs county, 90; Mississippi county, 20.
NEW YORK BANK STATEMENT.
NEW YORK, May 12.-Loans, decrease,
$50, 400; specie, increase, Il, 252, 900; legal
ieoder, increase, Sc 626 800; circulation, in
crease, 1880; reserve, Increase, So 1895, 700.
The banks now hold s5003 .S25 in excess Of
legal requ rements.
By Telegraph.
NEW YORK, May 12.-Money, 2I@4 per
cent, closed offered per cent. Prime mer-
camille paper, 5496 per cent. Sterling ex
ehange-bsnkers biils quist bat steady, ASH;
demand, 1861.
Bonds-GJvernments irregular, but in the
main per cent. higher. Railroads dull
and f.atureless. State securities neglected.
Siocks-fhe market sho red decided N ami
feslations of manipulation by professional
spscul atOrs this forenoon. Ii opened geuer-
ally fraction lower Than the closing prices
last night, and continued steady up 10 about
IL O'CLOCK. During an hour there were q
coed rnany pnrcbases of broken lots Of
stocks (bslow 100 shsres) at prices a fraction
above the general market. This is generally
regarded az an Indication OF buying by
email outside speculalors, and refec an i'm
provement in the conf lence OF outsiders;
Dot about II o'clock there was an increase
Of selling orders for larger amounts, which
seemed 10 be a coucerted ATTACK, and under
which there was sharp break Of 39I3 per
cent. on the general list within an hour
After the announcement of the bank state
mept, which was unusually favorable, the
market became steady and small
frsction of the decline was recovered BY
1890 o'clock. After 1870 o'clock the
market was weak, and declined / 10 II per
cent, the latter Louisville and Na.hville, 10
Az, but Just before 2 o'clock there was
partial recovery of ! to 4-LouiIville and
Nashville 1. 10 the last hour the market
was dull, but steady, with a small fractional
improvement in stocks that experienced the
greatest depression during the earlier part of
the day. The market closed weak and at
the lowest prices of the day for q number OF
stocks. As compared with Friday night, the
market closed about l to II lower. Stocks
that showed the greatest decline to-day were:
Omaha, Louisville and Nashvills, Lacka-
wanna, and Wabash, all OF which were over l
per cent. lower. Opinions are greatly at vari-
ance as to what started the selling move
ment at IL o'clock to-day, there be.
ing some intimations of compulso-
~ unloading by enc large opera
tor, though there are no definite facts
upon which to base an opinion. The Eucn-
ing Post says: Enquiry in regard TO the
dsmsgiug reports 10 circulation about Louis
vile and Nashville shows, upon what we
believe to be trustworthy inform alton, that
the company now has In its rreasury an
amount of money and available funds equal
TO double the amount CT its floating debt.
Also that it is not behind las reported) in
any Of its payments of wages due employees;
and, finally, that its net earnings tor the ten
months TO April Both, and for April, ~ere in
excess of lis sxed charges." Closing QUOTA
tions we're as follows: