Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-08-22

Same week last year.......-. l62, 1862 "a $3.50 -
Exchange on New York buying al par,
selling at / premium. Eastern cotton bills
buying at per cent. discount, selling at pari
and exchange on New Orleans I discount
buying, and par selling.
Ban stocks-Bauk OF Commerce, l35 bid,
140 asked; First National, l18; German Ma
tional, 200; Manhattan, 1oOl1lIO; slate Ma
tional, l28 bid, 100 asked; Union and Plant
ers, AS bid.
Insurance stocks-Home, 80 offered; Bluff
City, 100; Peoples, S5; Planters, lis; Pbe-
nix, 80; Memphis City, l003lO3; Hernando,
lO5(9l10; Vanderbilt, 23@25.
Railroad bonds-Cnesapeake, Ohio and
South western first mortgage, IS asked; Mis-
sissippi and Tennessee, so; Memphis and
Charleston first mortgage bonds, 7s, ia;
do. second mortgage bond', 7s (l8S5l. 103;
do. c~onsols, 104; Memphis and Little Book
first mortgage bonds, S., 80; Mississippi aud
Tennessee console, A l23; do. b lO8.
mise bonds, "a; Merchants Storage and
Compress Company, new issue, 1875; Mem
phis Gas stock, Sl@S3; do. bonds, 100;
Memphis Water Company, bonds with
accrued interest, par; do. stock, 100 bid;
Memphis City bonds, old, 34935; com
promise bonds, 70G71; coupons from
old bonds, "a; from Compromise bonds, 20;
ledger balances, "a; judgments on coupons
and bonds, "a; paving Indebtedness, "a; Shell
by county (Memphis and Onio railroad) %,
100; warrants, 50; Mississippi levee bonds
and coupon, District No. 1, 10; do. scrip,
10; Bank Of Tennessee Dotes, new issue, 65;
Crlnepden county ARK warrants, 65@70;
Desha county, so; Mississippi county 5000.
By Telegraph.
NEW YORK, August 2l-Money in abuud-
ant supply at HOP per cent, closed offered
2 per cent. Sterling exchsnge-bankers' bills
dull, 1921; demand, 1851.
Bonds-Governmen,s In good demand, A.
higher and IS a shade easier at the close.
Railways steadier. State securities feature
less.
Stocks-The market 10 day has been TO
most operators a confusing one, and yet it liz
pretty clear that the msjoriiy Of stocks have
passed into hands which hold them with
comparative frmoess. Thu raidiDg process,
as referred 10 in tue earlier part Of the day,
has had only a temporary effect, and brings
out less and less long stock. The majority
Of those who have bought stock in the lsst
few days seem prepared to STAN fluctuations
OF 2 or 3 per cent. without letting 60. As
compared with yesterdays closing, prices
showed an advance of 10 per cent. The
most important advances were Oregon and
Tra~nscontinenta Il, Northern Pacific II,
preferred J, Western Uai0n 1t, Denver ],
Kansas and Texas !, s.. Paul /, Union Pa
ci6c J, Wabash preferred 1, and Lackavanna
I. In the last hour there were few huctus-
tions of importance, and the most active
stocks Of the day were Gould and Willard
shares, along with Denver snd Louisvills and
Nashville. The motive for the renewal of the
raid on Denver and Rio Grande does not
seem to be clearly understood, and whether
- a.. roaral- TO- onantIuItua - N or IN
secure a change or not, is not apparent.
Damaging rumors continue, and are as
quickly denied, it being also asserted that q
new president will be found by the next meet
ing. The EUsniBg Eost sage: "The CONTINUED
raiding Of tue stock market, as sgain Illus
trated by the d. depression in prices this morn
ing, has a method In its Madness Every
stock that is either weakly held, or that is
UNIV atched by vigilant brokers ready with
sustaioing order',or is 10 any wsy in a vulner-
able position, is attacked with selliug orders,
and At any signs of weakDess, or even sur
prise, can be developed, it is hammered till
the depression in prices bigips to bring out
long stock. Whether there is any special
purpose behind the raid on D ,nyer, it is diff
cult to say. Many of the same psrti, who
a year ago were claimiog that it was ez-
iremely cheap at so 10 65, are now
saying it is not 3 f. 10 hold at 20 to %. The
road as an independent line is not worth
much. 1t is yalu able to the Burlington and
Quincy as an extension of its line 10 connec-
lion with the Central Pacific. The control
of the Denver would also be valuable TO the
| Union Pacific 10 order to prevent competi-
! liop, but it is not likely that either of these
corporations would try 10 buy the control
] until the price Of stock had fret been de.
\ pressed to the lowest possible pnin:." Co.
4 -. ,aot,;1aa uara a. f,llou.,