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

August ~ ..Sl9k,l26 Al 1g,314 Of
Thus lar this week----... 4 l,7l9 80 20 937 Il
same time last week.. 1858 20 2l306 So
Same week last year...----. 1i7,39o 81 30,S4c "A
Exchange on New York buying al par,
selling al premium. Eastern cotton bills
buying at per cent. discount, selling at par;
aud exchange on New Oileaus discount
buying, and par selling.
Bank stocks-Bank Of Commerce, 135 bid,
40 asked; First National, 118; German Ma
tional, 200; Manhattan, 160G9l70; State Ma
tionai, l28 bid, 100 asked; Union and Plant
ers, 145 bid.
Insurance socks-Home, 90 offered; Bluff
City, 100; Peoples, IS; Planters, rs; PEe-
nix, 80; Memphis City, 1O09l03; fernando,
1O59llO; Vanderbilt, I39I5.
Railroad bonds-Chesapeake, Ohio aud
Southwestern Grst mortgage, 95 asked; Mis-
ei4sippi and tennessee, so; Memphis and
Charleston Fret mortgage bonds, IL, ia;
do. second mortgage bonds, rs GS85j. 1O3;
do. c~onsols, 104; Memphis and Little Rock
hrzt mortgage bonds, s., 85; Mississippi and
Iennessee %consols, A 123; do. B I0s,
miscellaneous - Taxing District compro-
mise bonds, 81; Merchant Storage and
Compress Company, me- Iasue, 135; Mem
pLas Iss Sloc~~, sl@s3; do. bonds, 100;
sdempc. Water Company, honda with
H-srued interest, par; do. stock, 100 hidI
Memphis City bonds, old, s4@Sb; ON
promise bonds, 70@7I; coupons from
old Bonds, "a; from compromise bonds, 20;
ledger balances, "a; judgmerts on coupons
aud bonds, "a. paving Indebtedness, "a; Shell
by county (Memphis and Ohio railroad) g.,
100; warrants, 50; Mississippi levee bonds
and coupons, District No. l, 10; do. scrip,
10; Baok Of Tennessee Dotee, new issue, So;
Critteuden county (Ark.l warrants, 65@70;
Dssha county, 50; Miesiasippi county ,60@70.
By Telegraph.
NEw YORK, August Mooney in good
dcmlnd srd tupply, 2@ss pei cent, closed
at 2 per cent. Prime mercantile paper, 43@6
per Ct Mt. Sterling exehsuge-bank=ra' bills
steady, 1884; demand, ASH.
Bolds-GoverDments lower for A. and Ais,
Railways somewhat frmer. State securities
steady,
BonGs-There was an active selling move
ment IN the stock market in the forenoon,
which ct times was almo t panicky in the en-
deavor to get rid Of stocks. The moving
cause 10 all this was mainly spprehension4 Of
the C IDsequeDces If the telegraphers' strike.
Alter 1890 o'clock the market was less &C.
tive, ard, though thsre was a further decline
oil sos per cent. in the general list in the
halt hour before l O'Clock, there was an up
ward r~esction after 53e O'Clock of 3@14 per
cent, the latter Tor Wabash preferred and
Pacific Nail. 10 the last hour there was a
pretty general revulsion OF sentiment in the
stock market and a general advance In prices,
ranging from / 10 ! per e=nt, in the general
lisi, with septs exceptional advances Of 19l
per cent. In Burlington and. Quincy, 2 per
cent. in Bankers' and Merchants Telegraph
and 3 per cent. in Cleveland, Columbus, GIG
cinnaii and 1udianapolis. 10 the fnal deal
inss the market was strong, and, with the
exception Of ten or twelve stocks, all
the closing prices were higher than
those Of last evening. The EUening
IoSt says: "The princif Al governing inhd-
ences IN the stock maiket to-day have IN
questionsbly been spprebeosionl of the re-
suits OF the telegraphers' strike. This may
seem a. variance with thu facts when it is
seen that the price Of Western Uaiou itself
was more firmly maintained than almost any
other stock, while prices of those stocks
whose property would be least affected by
the strike, whether it was successful or not, |
were in some csses the most d depressed. West |
ern Union, however, it is generally believed,
was sustained only by purchases OF Gould.
There Is good reason TO believe that the
market is being manipulated to soms extent,
and that there Is a large short interest out
standing which viii have 10 be covered "a |
soon as there is a possibility of settlement OF
the preeent telegraph difficulties. There is
nothing in the general state of trade or fl uauce,
or in the country at large, to cause any co., !
siderable decline in prices of either securities
or commodities" Closing quotalioa s were as
follow.