Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-22
MONETARY ANDFINANCIAL MATTERS
NETWORK. November el.-MoNEl

-
NEW YORK, November 21.-MONEY
stringent at I per cent gold to lie and
interest. The Treasury called for 10 per
cent deposits placed with National
Banks in October. Sterling Exchange
was firm at StG5t for sixty days, and 10
for sight. Gold stronger, opening at Is,
afterward Government sales advanced
to and closed at i3}6l3k. Loans
We're from 8 to 5 per cent for carrying.
Clearings were about $50, 000, 600. Gov
eminent disbursed s42l, 900. The As
/ sisJant Treasurer awarded 81 900, 900 at
lIIs.l2GIIS.2g; payments for this gold
are made direct into the Treasury, so
that the money market instead of
/ gaining, loses 5000, 600 in legal tender.
| Governments were steady. Quotations:
u. s. cOupons of 1881, 1853; 5 2Os
! Of 1852, 112l; 5 20s of 1854, I2l; Dos of
1855, 1929; 5 20s Of 1865 new, 115; 5 20s
of 1857, 1f5a; 5 eos of 1865, 115; 10-40s,
los; currency IS, 1874; new IS, 1893.
State Bonds were quiet and steady. Clos
ing quotations: Missouri, SO; Tennessee,
old, 75k; Tennessee, new, IS; Virginia,
new, so; Virginia, old, AZ; North Caro-
lima, old, 354; North Carolina, new, 2l3.
Stocks were generally strong throughout
the day, with Northwestern (commOn)
absorbing the attention of the street. 1t
opened at 95, declined 10 800, sold up to
par and closed at 9S3. 1t is entirely in
the hands Of a clique. 1t loaned early
in the day at - for use, subsequently
closing fat. Pacific Mail and Erie were
next in point Of interest; was bid for
the latter for use for ten days. The mar
ket ct the close showed a slight reaction
from the highest point of the day. The
Milwaukee and st. Paul Company to-
day gave notice to the Board of the issue
of about sixteen thousand shares Of
common stock TO pay for new roads.
Quotations are as follows: Canton, lO3;
Western Union Telegraph Comply, 763;
Quicksilver, 45s; Adams Express Com
pany, 9I{; Wells & Fargo's Express
Company, s64; American Merchants
Union Express Company, 70;
United States Express Company, rs;
Pacific Mail, SSa; New York Central,
935; Erie, 552; Erie, preferred, ~ Har-
lem, 1l4t; Harlem, preferred, l25; Mich
igan Central, ia; P~ittsburg, Fort
Wayne and Chicago, 81 Northwest
ern, S23; Northwestern, preferred, o64;
Rock Island, 1851; New Jersey Central,
1913; st. Paul, sig; st. Paul, preferred,
IA; Wabash, 69s; Wabash, preferred,
y; Fort Wayne, go; Terre Haute, Is;
Terre Haute, preferred, IS; Chicago and
Alton, 1851; Chicago and Alton, pre-
ferred, 10; Ohio and Mississippi, 45s;
| Cleveland, Columbus and Cincinnati,
So; Burlington and Quincy, 13l; Union
Pacific, 343; Central Pacific bonds, 100;
Union Pacific bonds. 100; Delaware and
Lackawana, 964; Hartford and Erie, 4.
NEW ORLEANS, November 2l.-
Sight exchange, ! discounti sterling
exchange, %.
LONDON, November 21.-ConsOls,
money, 924; account, 92B; United States
coupons, sos, 1855, 903; sos, 1867, 93B;
l0-40s, S75; new hves, $50; Erie, All.
Bullion in Bank of England increased
81, 1S4, 00O. The approaching bank state
ment, which is believed will be favor
able, causes the increased frmness in
American securities.
PARIS, November H.-Rentes, 52f,