Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-08-24

DoWS "NSh AASb oi.-=-ss.s CSsAo - oDrN0p .
Exchange on New York buying at par
selling at premium. Eastern cotton bills
buying at I per cent. discount, selling at par
and exchange on New Orleans I discount
buying, and par selling.
Bank stocks-Bank of Commerce, l35 bid
40 asked; First National, 118; German Ma
lionaI, 200; Manhattan, 16O9l70; State Ma.
tional, I28 bid, 100 asked; Union and Plant,
ere, las bid.
Insurance stocks-Home, 80 offered; Bluff
City, 100; Peoples, IS; Planters, lis; Pne-
nix, 80; Memphis City, l009103; fernando,
lO59l1O; Vanderbilt, 23@25.
Railroad bonds-Cnesapeake, Ohio and
Southwestern frat mortgage, 95 asked; Mis-
sissippi and Tennessee, so; Memphis and
Charleston frat mortgage bonds, 7s, ia;
do. second mortgage boudr, -7s (l885l. 103;
do. ~consols, 104; Memphis and Little Rock
first mortgage bonds, S., SO; Mississippi and
Tennessee console, A 123; do. B lO8.
Miscellaneous - Taxing lstrict Compro-
mise bonds, "a; Merchants Storage and
Compress Company, new issue, 1876; Mem
phis Gas stock, 81@S3; do. bonds, 100;
Memphis Water Company, bonds with
accrued interest, par; do. stock, 40 bid;
Memphis City bonda, old, 34935; com
promise bonds, 70@7l; coupons from
old bonds, "a; from compromise bonds, 20;
ledger balances, "a; judgments on coupons
srd bonds, "a; paving Indebtedness, "a; Shell
BY county (Memphis and OHIO railroAd) g.,
100; warrants, IS; Mississippi levee bonds
and coupons, District No. l, 10; do. scrip,
10; Bank Of Tennessee notes, new issue, IS;
Crittenden county (Ark.) warrants, 65@70;
Desha county, 90; Mississippi county, 6O970
By Telegraph.
NEW YORK, August % -Money-market
essy 23@3 per cent. Prime mercantile pa
per, 5@61 per cant. Sterling exch tnge-
bankers' bills quiet, 474; demand, 1851.
Bonds-Governments strong. Railways
6rmer; Denver consols up 10 n. State Sc
cunties dull.
the forenoon it was unsettled, feverish and
lower, the decline for the forenoon and up to
1890 o'clock being from TO I per cent. from
last nigh.'s closing. In the afternoon the
market wss generally strong, with an i'm.
provement in prices, and in the last hour the
msjorily of socks made The highest prices OF
the day, and alec show an advance on yester-
days closing prices. The advance ever the
closing yesterday ranges from 10 IL per
cent, The lalrer in Denver. The Euening Post
says: Several important facts, ss we'll as
rumors OF others that may be mere def nite
soon, must have an effect, not on the stocks
to which they refer, but GA the whole market.
The FIRST Of these ia the announce ment of the
completion Of the Northern Pacific railroad,
and the fact that a irsin of care loaded with
Oregon wheat will at once leave the Pacific
end OF the lin fJr the Atlantic States. The
faal completion of his great enterprise, be-
gun I've years sgo. Is OF itself a fact oil
great importance, but the movement OF
grain from Oregon 10 the Atlantic
by the Northern Pee. fc, and from Southern
California to New Orleans, Indicates q new
era, not only 10 rsilro I'd BUSINESS, but In
shipping iDteres g. There are, also, snd have
been for some time, rumors of an alliance
Of some sort between the Vanderbilt and
Gould interests in the S~outhwest. Whatever
found alton In re may be for these, II ia pliin
it would be for the general profit OF all coz
cerned. Sons recent mora in regard 10
Denver and r O Grande prob ably originated
IN the difficulty the D.nver aud Rio Grande
Western Company fi1cs in raising funds 10
pay the September semi-annual interest on
its sc, 1857 600 first mortgage binds. The
Dsnver and RIO Grande Western is less d to
lbe Denver and K o Grande at a rental OF 40
per cent. OF It's gross receipts, but If that Ia
insufficient to pay the interest On lis bonds,
Denver and Rio Grande guarantees the de-
ticieucy. II is alleged that D.nver and Rio
Grande Western has made a demand to have
this deficit, wha'ever that may b., made M,
30 az to pay the September Interest. l.
seems not improbable tha these features may
lead 10 the transfer OF the control Of the Den
YER to either the Burlington aud Q Iiucy or
the Union P4cifc". Closing qu)tslIons were
aa follnNs.