Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-09-29
FINANCE.

Exchange on New York buying at dis
count, selling at par. Eastern cotton bills
at per cent. discount, selling at
par; and exchange on New Orleans dis
count buying, and par selling.
Bank.Stocks-Bank of Commerce, l35
bid, no asked; First National, us;
National, 200; Manhattan, 1000
10; State National, 12S bid, 100 asked;
Union and Planters, las bid.
Insurance Stocks-Home, so offered;
Bluff City, 100; Peoples, So; Planters, lis;
Phoenix, 90; Memphis City, lO5@ll0;
Vanderbilt, 23G25.
Railroad Bonds-Chesapeake, Ohio and
Southwestern first mortgage, % asked;
Mississippi and Tennessee, so; Mem
phis and Charleston first mortgage,
bonds; rs, ia; do. second mortgage bonds,
Is (1SS5), 1903; do. c~onsols, 104; Memphis
and Little Rock first mortgage bonds; SIS,
IS; Mississippi and Tennessee c~onsols, A
1913; do. B los.
Observation-Disclosures District compro-
mise bonds, "a; Merchants Storage and
Compress Company, new issue, 1873 Mem
phis Gas stock, Sl(GS3; do. bonds, 100;
Memphis Water Company, bonds with ac-
crued interest, por; do. stock, 100 bid /;
Memphis City bonds, old, 34@35; compro-
mise bonds, 70@7l; coupons rom old
bonds, 81; from compromise bonds, 20;
ledger balances, "a judgments on coupons
and bonds, 81; paving Indebtedness, "a
Shelby county (Memphis and Ohio rail
road) is, 100; warrants, 95; Mississippi
levec bonds md oupons, District No. l,
10; do. scrip, 10; Bank of Tennessee notes,
new issue, 65; Crittenden county ARK
warrants, 65C870; Desha county, so; Mis-
sissippi county, 60G70.
by Telegraph.
New York, September 2S.-Money easy
ut 2Gr24 per cent, closed at , per rent
Prime mercantile paper, 6G07 per cent,
Sterling eXchange-bankers' bills steady,
1922 demand, 1851.
Bonds-Governments strong, except fol
33s. Railways firm. State securities steady
Alabama, class A, sold at S1I(aSIf; Ten
nessee compromise declined TO All.
Stocks-The market to-day was lower,
and, as compared with last nights prices
was l@1s per cent. lower, the laSter on
Oregon Transcontinental, with IL on North.
ern Pacific preferred, L on common, l. on
Northwestern, II on Denver, ii on Read.
ing, on Central Pacific, l on Michigan
Central and smaller declines on the others.
Chicago, Burlington and Quincy and
Omaha common and preferred, however,
are 9CG4 per cent. higher. The weakness
in Western Union late in the day was
que 10 the decision ordering the com
pany to pay back taxes TO the State to the
amount of S626,0 00. The financial plar
of the Denver and Rio Grande was pro
mulgated this afternoon, and proved to be
substantially the same as that already
made public. The Board of Directors oil
the Denver and Rio Grande Company de.
cided to ask the stockholders to authorize
the ~mortgaging OF its property. The mort.
gage securing the bonds to be issued un.
der the same will provide for reservine
sufficient of this issue to pay off or eX-
change the present authorized indebted
ness OF $4,000, 900, of which there are now
outstanding SOC, l23,000 in bonds on 1926
miles of completed road, S%l0,000,000 to be
further reserved, which can only be ISSUED
for completing the unfinished portion o
the line, upon which alarge amounto of worl
has been done, leaving about $4,000, 900
for the present and future wants of tn,
company, of which latter 81, 000, 900 vii
be disposed of us stated. The Director
made arrangements, as soon as the stock
holders shall have authorized this mort
gage, for the negotiation OF 100000 o
these bonds by a syndicate, which vii
furnish the means TO meet all the require
ments of the company upon satisfactor!
terms, which arrangements C TO eacl
stakeholder the right to take his pro rat
upon the same terms. Closing quotations
were as follows: