Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1884-02-14

and exchange on New Orleans 4 discount buying,
and par selling.
Bank Stocks-Bank of Commerce, $50; First Ma
tional, 11S bid; German National, 200 bid; Man
haitian, 160 bid; State National, lbs bid; Union
Insurance Stocks-Home, 5s961; Bluff City, es
bid Peoples, S0gS2; Planters, 10 bid; Phoenix,
SogsS; Memphis City, 1s5Gll0; Vanderbilt, q
Railroad stocks-Memphis and Charleston, $50
81 Mississippi and Tennessee, 1905; Louisville
and Nashville, 47@49; Mobile and Ohio, 9910.
Railroad Bonds-Memphis City Railway bonds,
l0lgl03: Memphis and Charleston irst3mortgage
bonds, Is; 100; do. see~ond-mortgage bends, g
and Little Rock 6rst-mortgage bonds, SIS, l029106;
Mississippi and Tennessee consols, A, l25@l21;
Georgia e~onsols, IS, 72%@74.
miscellaneous = Taxing District compromise
B Don8s' n ot%'i i;s1 Meri is5gis5 sts Menp Si4m Gas s tS%,
SS992; do. bonds, lO2; Memphis Water Company
Memphis City bonds, old, s.; e eonpromiss bonds,
20; coupons from old bonds, 3; from eompro-
on COUPONS and bonds. IS; paving indebtedness,
3: Shelby county MemPhis and Ohio railroad),
s., lOO9lG2; warrants. $685. Mississippi leyee
10; Bank of Tennessee notes, new issue. 6Ta72;
CEittenden county (Ark.) warrants, 65e7o; Mis-
sissippi county, g.
BY Telegraph.
New YORK, February 13.-Money, HOP
per cent. Prime mercantile paper, 4S5H per
cent. Sterling change-banker bills, quiet
but strong; 1854; demand, 4S94.
Railroads firm; New York, Chicago and st. Louis
seconds rose 3 per cent, to 80. The demand for
railroad bonds continues brisk, and a further ad-
vance in prices was recorded. The feature OF the
market is the steady absorption of mortgages of
roads which pay dividends on their stocks, or
which earn enough in excess of fixed charges to
place beyond doubt the payment of the interest.
State bonds dull.
Stocks-The market to-day opened Irregular,
ceptionally weak, falling of 3 per cent, TO 81
Before the first call the temper of speculation
strengthened, and the market gradually moved
up u 10 N per cent. After ! o'clock pm. specu-
latiOn was irregular, but in the main firm. Later
Z raid was made on Oregon Iranseontinental and
Union Pacific, the former falling to 1875 and the
latter to 79h. This time, however, the bears met
coming alarmed rushed to cover. In closing
dealings the market was strong to %bu0yant, with
Il material increase in the volume of business,
and there was some large buying by prominent
operators on the bull side. The action of the
market this afternoon was thought by some to be
preliminary to another twist of the bears on their
fresh short contracts. The element of strength
is the continued outside buying on reactions,
commission brokers reporting quite a large bust
the New York Stock Exchange, at their meeting
to-day, listed 81 100000 additional 6 per cent.
first mortgage bonds Of the Oregon and California
railroad; S2,240,O00, & per cent. first mortgage
bonds Of the Louisiana Western Railroad Com
pany, and S2,500,00O ~ per cent. bonds of the
Pennsylvania Company, guaranteed by the Penn
sylvania Railroad Company, making a total
amount of SIS. 0OO, 900. The earnings of the Mis-
souri, Pacific system for the first week in Febru-
ary show gains of sl67, 600, of which the Wabash
gained $4,000. Closing quotations were as fol-