Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-05-14

| fame week last Year..... eS5633 &C I55'473 81
Exchange on New York buying at par,
selling at t premium. Eastern cotton bills
buying at per cent. discount, selling at par;
and exchange on New Orleans discount
buying, and par selling.
Bank stocks-Bank OF Commerce, 1876;
First National, 11S; German National, coca
2lO; Manhattan, 16O@17O; State National,
l25 bid; Union and Planters, 140@l424
bid.
Railroad bondE-Chesapeake, Ohio and
Southwestern frat mortgage, So asked; Mis-
sissiPpi and Tennessee, 45@5O; Memphis and
Charleston first mortgage bonds, 7s, IiO@
ia; do. second mortgage bonds, 7s (lSs5),
102@I04; do. console, 1e4@1O6; Memphis
and Little Rock first mortgage bonds, 81, 95
@lO0; Mississippi and Tennessee consoip.
a 1249l26; do. 3 1O8011O.
Observation-Disclosures Storage and
Compress Company, new Issue, 40 bid, $50
ssked-light ofieriugs; Memphis Gas stock,
so; do. bonds, 9599S; Memphis Water Com.
pany, bonds with accrued interest, par; do
stock, 40 bid, $50 asked; Memphis City
bosdS, old, 3O0334; compromise bonda,
65(96S; coupons from old bonds, 80; from
compromise bon6s, 20; ledger balances, SO;
judgments on coupons and bouds, 80; paving
Indebtedness, SO; Shelby county (Memphis
and Ohio railroad) g., 9s(9l00; warrants. s5
C498; Mississippi levee bonds and coupons.
District No. l, 109l1; do. sctip, 1O@I1;
Bank of Tennessee notes, new issue 703(07i:
Crittenden county (Ark.) warrants, &c: De.
sha county, so; Mississippi county 20.
NEW YORK BANK STATEMENT.
NEW York, May 12.-Loaps, decrease.
S56, 400; specie, incr Ease, S4,252,9OO; legal
tender, increase, 70 626, 500; circulation, IN
crease, $500; reserve, increase, So, 1893. 700.
ine banks Low hold 5000 ,S25 in excess of
legal requirements.
BY Telegraph.
NEW YozK, May 12.-Money, 2t@4 per
cent, ciosfd offered per cent. Prime mer.
cantiis paper, sizes per cent. Sterling ex-
ca arIge-bsnkers' bills quiet but gteady, 1891;
de mand, 1861.
Bonds-Goveruments irregular, but in the
U1ain ! per cent. higher. Railroads dull
and fsatureless. State securities neglected
Sioeks-the market showed decided mani
festations OF mauipulatioz by professional
spectators this fore-oon. Ii opened peper.
ally fraction over than the closing prices
.ilA COulAuucu sSSduy up 10 ABOUT
IL oclIcK. During an hour there were
gJod many purchases of broken lots of
stocks below 100 shsres) at prices a fraction
above the general market. This is generally
regarded az an Indication of buying by
small outside spectators, and reflscIs an i'm
provement in the confidence of outsiders;
but about II o'clock there was an increase
of selling orders for larger amounts, which
seemed to be concerted attack, and under
WHICH There YVES sharp break Of holt per
cent on the general list within an hour.
After the announcement of the bank state
ment, which was unusually favorable, the
| market became steady and email
| FRICTION of the decline was recovered by
1890 O'Clock. Alter 1870 O'Clock the
market was weak, and declined to Ii per
| cent, the latter Louisville and Nashville, 10
| 475, but just before 2 o'clock there was 8
partial recovery Of / to 1-Louisville and
| Nashville (. Ia the last hour the market
was dull, but steady, with a small fractional
| improvement Ill stocks that experienced the
| greatest depression during the earlier part of
| the day. The market closed weak and al
the lowest prices Of the day for number of
stocks. As compared with Friday night, the
market closed about / to II lower. Stoke
that showed the greatest decline to-day were
Omaha, Louisville aud Nashville, 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-
fy unloading by one large opera
tor, though there are no definite facts
| upon which TO base an opinion. The EUen.
ing Post says: Enquiry iu regard TO the
, damaging reports iu circulation about Louis
vile and Nashville shows, upon what we
believe TO be trustworthy inform alton, tn at
! the company now has IN its treasury an
! aaannnL of mnney and available funds equal
to double the amount Of 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
monlhs 10 April Both, and for A pril, we're in
excess OF lis fixed chsIg g."
Transactions aggregated S43, 600 shares, as
follows:
1900 Central Pacific, 5000 Del Lack. & West,
1900 Denver, 1000 Erie,
q, 0G0 Lake Shore, $4,000 Lou. & Nashville
5000 Northwestern, $1,000 New Jersey Central,
5000 New YORK Central, 6,00O Northern Pacific,
5,U0O Reading, 1900 St Paul
5000 Texas Pacific, 81 600 Union Pacific,
II, COO Wabash Pacific, e,0O0 East Tennessee,
500 Oregon Trans Continental.
LONDON, May 12.-Four and halls, It's,
ex coupon; Illinois Central, All; New York
Central, z43; Erie seconds, SO, ex-interest;
Reading, Est.
New ORLEANS, May Insight exch auge
on New York, 81 so per $1,000 premium
Sterling exchsHge-bankers' bills, 4S3@4S34
PARIS, May u -Rentes, 79f 90c.