Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-25
MONETARY ANDFINANCIAL MATTERS

NEW YORK, November 3.-MONEY
was stringent, and loaned as high as Z
per day. Loans were firm at Z per cent.
gold. Sterling Exchange was quiet and
steady at S6sA for 80 day, and 81 for
sight. Gold during the forenoon was
scarce, and advanced from 1923 to 1873,
ard loaned as high as per cent. per
day, but became more plentiful, and fell
to ll2a(GlI3, with loans at 1854 to fiat.
Clearings, Sis, ono O00. Treasury dis
bursements, S34l, 900. Exports for the
week were S232,000. Governments were
weak at the opening, but closed firm.
q. S. coupons of 1881, ll6s; 3 Dos
of 1852, I12a; 5 Dos of 1864, 1923; 52Os of
1865, ll2s: 5 Dos of 1865 new, ll43; 5 Dos
Of 1867, 1l45; 5 Dos of 1865, 1145; lO-40s,
IO7{; currency Is, ll34; new IS, lO9.
State Bonds were dull and firm. Clos
ing quotations: Missouri, 50; Tennessee,
old, IS; Tennessee, new, 76t; Virginia,
new. so; Virginia, old, IS; North Caro-
lima. old. IS; North Carolina, new, q.
The bank statement is ~unfavOrable, and
shows a net loss of about 81 100000. The
banks now hold a little over 81 ,0O0, OO0
I'm excess Of the amount required by
law. The general Stock market opened
weak at q decline of 4a4 per cent, as
compared with the closing prices last
night, bat prices soon after advanced Ia
Der cent, the market being strong until
noon. Between twelve and one a sharp
decline occurred, and during the remain
der of the evening the market was dull,
with fluctuations between AG3 per cent,
but at the close the advance vas lost
in Northwest. During l. Ngreater part
OF the day the price Of stock hanged from
AS to I55, and reported settlements TO
the amount perhaps of one million made
at from par to 125 at the board this after
noon. Three thousand three hundred
shares were bought in under the rule fol
| account Of Kenyon, Cox q Co, with
whom Daniel Drew is partner, at 900,
cash. and 1000 shares for account OF
Boyd, Vincent & Co, successors to
| David Groesbeck at go, cash. Quite a
number Of settlements were made
between 300 and go, the lat
ter being the closing price Of the
dav. Henry n. Smith absolutely
refused to settle and net the share OF
stock bought in for his account. NGn-
derbilt IS believed to be at the back OF
Gould, from the fact that his sOn-m-law,
Horace +. Clark, is one Of the bOndsmen
in the Erie suit. It'll known that Smith
Is short of the stock amount exceeding
thirty thousand shares, and that Drew
Is IN a similar position as regards
inward Of twenty thousand shares.
Thirteen hundred shares Northwestern,
lcommon, bought in under the rule, are
said TO belong TO John BlOodgOOd. II
seems certain that Gould owns, in stock
and contracts, two hundred thousand
shares of Northwestern, common, the
| capital stock of which is only one
hundred and forty thousand shares
| Quotations are as follows: Canton, 100;
Western Union Telegraph Comply, 76l
I Quicksilver, As; Adams Express Com.
many. 9l3; Wells & FargO's EXPIRES:
| Company, S4l; American Merchants
/ Union Express Company, est.
United States Express Company, ia.
( Pacific Mail, S8l; New York Central
| 93l; Erie, 52i; Erie, preferred, II; Hsr
lem, ia; Harlem, preferred, l25; Mich.
irap Central, ia; PittsbuTg, For
Wayne and Chicago, $50; Northwest
em. go: Northwestern, preferred, 81.
Rock Island, 109; New Jersey Central
IOI; st. Paul, SIG; St. Paul, preferred
IS: Wabash, 674; Wabash, preferred
y: Fort WAYNE, 90; Terre Haute, Is
Terre Haute, preferred, IS; Chicago anC
! Alton, 1891; Chicago and Alton, pre-
ferred, Il2; Ohio and Mississippi, 45g
] Cleveland, Columbus and Cincinnati
S.; Burlington and Quincy, $50; Unior
| Pacific, IS; Central Pacific bonds, 1901
Union Pacific bonds. 81; Delaware anC
Lackawana, 90; Hartford and Erie, It.
NEW ORLEANS, November 2.-
Sight exchange, discounts sterling
exchange, %
LONDON, November 3.-Consols
money, 92l; account, 92s; United State
! coupons, 5-20s, 1866, 900; 5-20s, 1867, 93f
lO-4Os, 81; new hves, ssh Erie, 400.
PARIS, November 23.-Rentes, 52f