Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1883-02-14

being the ruling rate, 8 per cent. in special
contracts. Nothing doing in securities.
cIearings Balances
February 18th. ......... 2o3,2l5 70 1898 10
Thus far this week.. 463 6l5 Is 5l,31 81
Same time last week.. 5S6O5l % 111S59 ~
| Game week last year......... 3S,la Is 5O60 "a
Exchange on New York buying at ] dis
count, selling at premium. Eastern cotton
bills buying I per cent. discount, selling at
par; and exchange on New Orleans / dis.
count buying, and par selling.
Bank stocks-Bsnk OF Commerce, 1875;
| First National, 10241l0; German National,
20092I0; Manhattan, 160@170; State Ma
tionaI, 1229125; Union and Planters, 135.
Railroad stocks-Chesapeake, Ohio and
| Southwestern first mortgage, par; Mississippi
aud Tennessee, 60@65; Memphis and Charles
| ton first mortgage bonds, 7s, 1129l16; do.
second mortgage bonds, lei 1885 ,102(910S; do.
consoIs, 1070109; Memphis and Little Rock
| first mortgage bonds, IS, 100; Mississippi and
Tennessee consols, A, 1875; do. 3, ITO.
Miseellaneous-Mercha Storage and
Compress Company, new iseue, 105; Mem
phis Gas stock, 80; do. bonds, 979100; Mem
| phis Water Company, bonds with accrued in
terest, par; stock, 100; Memphis city bonds,
old, 80; compromise bonds, So; coupons from
old bonds, 80; from compromise bonds, so;
ledger balances, %; Judgments on coupons
and bonds 80; paving indebtedness, %;
Shelby county (Memphis and Ohio railrosd)
g., SO; warrants, 98@100 bid-none on the
market; Mississippi levee bonds and coupons,
District No. l, 1l9123; do. scrip, 12(1123;
Bank of Tennessee notes, new issue, so;
Crittenden county (Ark.) warrants, 20; do.
Desha county, 81; do. Mississippi county, 80.
By Telegraph.
New YORK, February 13.-Money loaned
down from 81 to 2 per cent. and up to 8,
closing offered 3 per cent. Prime mercantile
paper, 596 per cent. Sterling exchange
bankers bills steady, 4S3; demand, 4S6.
Bonds. - Governments generally strong.
Railroad bonds irregular. State securities
dull and without feature.
StockS.-The msrkstito-day was dull with
a decline until the last hours of business,
when the whole list advanced to per cent.
Burlington and Quincy advanced per cent,
to 1871, and Hannibal and St. Joseph pre-
ferred advanced Il, to 845. The advance in
these two stocks was due to the prospects of
the completion OF mutual running arrange
meuts. Norfolk and Western preferred ex-
ceptionally declined from Al 10 1874, and re-
covered to 39a. In final dealings there was
a slight reaction from the advance, but on
the whole it left the market very near the
range as it closed last night. Some stocks
were little higher and some little lower,
but Oh the whole the general tone OF the
market was better than last evening.
Between / and o'clock to-day the whole
matter Of negotiations between the Western
and Mutual Uaion Telegraph Companies
was settled, the lease and other papers signed,
and the property Of the latter turned over to
the former.
Mai. Carson, the general manager of the |
Hannibal and st. Joseph, arrived in the city |
to confer with the officials Of the Burlington, |
Quincy and Wabash in regard to the pro- |
posed lease OF the Hannibal and st. Joseph. |
The Eueniny Post save: "Business in Union |
Pacific was very large to-day, and with but |
slight variations in price. Whether sellers |
are only bears hammering the market, or
holders OF long stock selling out, they have
As far as the financial condition of the |
is concerned, there does not seem
10 be any reason to doubt its earnings for
1882 will not only pay the usual dividend,
but have large surplus over and above all
interest and dividends. In regard TO the
floating debt, about which there have been
go many stories, it may be said if there is
any important figures given by the govern
ment directors in their forthcoming report |
from those that will be given in the annual
report OF the company, and its stockholders,
il will be due rather to different classified
tions of items rather than anything else.
AS regards the liquidation of the floating /
debt, the officers OF the company say it will |
be shown to have been practically liquidated
by the sale of securities of branch lines to
the Union Pacific Company without in any |
way increasing the funded debt of the COM
pany."
To-day's closing quotations were as fol- |
l0Wg.