Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-06-19


ample supply of money, 6@8 per cent. dis
count the ruling rate.
Clearings Balances
June 18th .....--.........S 100142 16 29,o76 70
Same day last w ek... 1924 As 29,229 81
same day last year 49,. i0o,S62 81 1888 81
Exchange on New York buying at par,
selling at ! premium. Eastern cotton bills
buying at per cent. discount, selling at par;
aud exchange on New Orleans discount
buying, and par selling.
Bank stocks-Bsnk of Commerce, 135 bid,
lao asked; First National, lis; German Ma
tional, 200; Manhattan, 1609l70; State Ma
tional, l28 bid, $50 asked; Union and Plant
ers, 145 bid.
Insurance stocks-Home, go; Bluff City,
100; Peoples, S5; Planters, lis; Phoenix, 90;
Memphis City, 1006103; fernando, 1860
ITO; Vanderbilt, 13@15.
Railroad bonds-Chesapeake, Ohio aud
Southwestern first mortgage, 95 asked; Mis-
sissippi and Tennessee, so; Memphis and
Charleston FIRST mortgage bonds, 7s, la;
do. second mortgage bonds, rs (l8S5), 1913;
do. consols, 104; Memphis and Little Rock
first mortgage bondp, SIS, So; Mississippi and
Tennessee consols, A l23; do. B l08.
MISCELLANEOUS - Taxing District compro-
mise bonds, 62.; Merchants Storage and
Compress Company, new issue, 140 bid, $50
asked-light offerings; Memphis Gas stock,
81@83; do. bonds, 100; Memphis Water Com
pany, bonds with accrued interest, par; do.
stock, 100 bid; Memphis City bonds, old, 34@
So; compromise bonds, 7097l; coupons from
old bonds, 81; from compromise bonds, 20;
ledger balances, "a; judgments on coupons
and bonds, "a; paving Indebtedness, "a; Shell
by county (Memphis and OHIO railroad) e.,
100; warrants, 50; Mississippi levee bonds
and cou pons, District No. l, 10; do. scrip,
10; Bank of Tennessee notes, new issue, 60;
Critlenden county (Ark.) warrants, 65(970;
Desha county, so; Mississippi county 5000.
By Telegraph.
NEW YORK. June 1S.-Money market easy,
2 per cent. Prime mercantile paper, 4953
steady, Ash; demand, 1881.
Bonds-Governments steady. Railroad
bonds firm. State securities quiet.
Stocks-The market opened very active,
and higher than at the close Saturday, and
for quarter of an hour was firm, bat fears
Of further failures In connection with pro-
visions and grain caused feeling of uneasi-
ness. After the first quarter of an hour
there was sharp break in the whole list OF
stocks Of TO 3 per cent. on the active list,
the latter for Jersey Central, but by 1880
o'clock there was recovery, notably Tor
Louisville aud Nashville. Lackawanna was
the special feature in the activity. Trsnsac-
lions were very large. AT 1880 the market
was steadier. The steadiest stocks in the
forenoon were Northern Pacific and Western
Union. The EUening Post says: "There
were reports on the Stock Exchange of seve-
raj failures on the Chicago Board of Trade
| which were not unexpected, as result
OF the failures Saturday. There were
also reports of the failure OF Chicago bank
which were undoubtedly manufactured by
persons who wanted TO affect the stock mar
| ket; but the reports Of bank failures wer,
positively denied by dispatches from Chicago
later this afternoon, and the prices OF sock
we're not affected by the rumors. The an
nouucement that the Union, Central anC
| Southern Pacific have sealed their difficulty
about rates, and will hereafter work har
moniously, helped to strengthen the market
| For few minutes after 1890 o'clock thu
| stock market continued active, prices hrs
declining 5(94 per cent, the latter on Lacka
wanna, and then recovered 5(9s per cent
| After o'clock the market became steady
and dull. In the last hour the market wa
dull, firm, and prices showed gain of la
per cent.over o'clock's prices. The net re
| sult OF the days business a decline OF ia
per cent. in the general lisT, the latter Lax
Shore, which has been the weak stock to-day
The frmesL stocks have been Northern Pa
cific, Erie, st. Paul, Northwestern, Western
| Union and other Gould stocks generally
Several of the above. mentioned stocks ar
1(91 per cent. higher than at the close Sal
urday. The pending decision in regard {
$4,000 shares OF Western Union is looked 10
with more than usual interest, and If favor
able 10 the company will, it is believed
strengthen the whole market. Closing que
tatiens were as follows: