Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-12-01
MONEY MARKETS.
BY TELEGRAPH.

PARIS, November 30.-Rentes, 65f. ajc.
FRANKFORT, November 3O.-New fives,
991a.
NEW ORLEANS, November 3O.-Gold, II55z /;
sight, q discount; sterling, bank, ssh
LONDON, NOvem Der 30-Consols Tor money,
s. 10: account 80 1916; SOS OF 65, 1857; do
1867 1879; l0-4Os, 1857; new SIS, 1875; New
YORK Central, &c. Erie, l41a; Erie preferred, 80
NEW YORK, November 80 Money, 4dg6 per
cent, closing at per cent. Prime mercantile
paper, 81 sS per cent, Customs Tecei pts, $685.
900. The assistant treasurer discussed S3l3 OJO
Produce exports, s., $4,000. CIearings, $1,000
90. Gold declined at the opening from ll4j4
10 ll43s, but atJeIwaTd advanced TO 1875, Late
IN the afternoon there was q reaction 10 ll5%,
and the market closed quiet at ll514. Rates
cent. Government bonds were firm; cou-
pons OF 1851, I255a; do. 1865, lle5s; 1865. new,
ll75; do. 1857 l.21S; do 1865 I'D; now IS, lI713
lO-I6s, regular, Ii715; coupons. nv; currency
6s, l25 State bonds quiet; Tennessee Is,
old, ~; Tennessee Is, new, IS; virginia 6s
kailro ID bonds We're active. IL the late deal
inss Union Pacific first mortgage sold at 1850
1851, sinking fun s $685., Central Pacific
l07, Western Pacific $50, AID Hannibal and
s.. Joseph convertible declined to 50. This
has been lively and exciting day on the
stock exchange, with wider and more FREE
quEnt fluctuations and greater activity than
for a long time past, Union Pacific was the
great feature, opening al 81 against 7914 at the
o5e Iast EVENING, ail9 snoILiy a!IeI ara re-
acting TO 500. From This point there was
steady rise 10 so. Pacific Mall advanced
from ~ TO 1875 on a very large business. 4 an
sas Pacific advanced 70 1879, Lake shore 10
G23f, Mis- Ouri, KansaS anu Texas to So, St.
Paul To 500, 81. Paul preferred 10 66}5, aud
the balsnca OF the list about 1a9Z per cent.
After midday sensational rumOrs were set
afioat about Michigan Central, it being
reported That there was defalcstiOn
in the company, and that committee
Of the directors had been appointed
10 investigate ats affairs, ON this Michi-
gan Central declined to 81. Following
TINS rumor was set afloat that Commodore
n -
untrue, but the market was sold down on the
s.oTy. The market was also affected unfsvOr-
any bE war rInoIs' winch adNaHced me
price OF gold 10 llJ2s. Atter the denial OF the
TumOr about the Michigan Central aud the
sickness OF Commodore Vanderbilt Wal
street WIS excited by reports that the Presi-
dent had read his message to his cabinet, and
that portion relating TO Cuba was of such
warlize character that II created dlssensiOns
IN the cabinet, and That orders had been re.
ceived from Washington TO seize the Atlantic
cable and prevent dispatches. On these re-
ports gold was rushed up TO llJ3s, and a dash
was made at the stock market, which carried
prices down tor time. Toward the close OF
business reliable kilograms from Washington
denied the above report, and slated that the
President had not ct completed that portion
of his message which Will treat Of the Cuban
question, and that he would not be ready 10
submit IL TO the cabinet until their next meet
ing on Friday. When this became known
gold declined, and stocks rallied in
the final dealings on the stock ex-
change. The general market was strong in
lone 1T considerable recovery from the lowest
point of the day. Michigan Central recov-
cred from 81 10 595z; Union Facirc from so 20
Sl5k; Pacific Mail from 404 TO AZ; Lake
Shore from 5954 to sos; 81. Paul from 80 10
35%; preferred from 6l1a to $50; ChiCs from
III to l7sz, and Western UHiOn from 7519 20
757Z. The market was hammered severely by
the bears during the day, esp, cisly after
each uDfavorable rumor was started, and no
doub t the short Interest has been largely in
creased Transactions on stock exchange ag-
gregated 2l0O0O shares, OF which 1000 were
Pacific Mail, 1900 Western Union, 1900 North
western, 1000 ST. Paul common, 5000 st. Paul
preferred, 5000 Erie, 600 Lake Shore, 10000
Ohlos, and - 900 Union Pacific. Quotations.:
Western Union Telegraph, 75t4; Pacific Mall,
Az; Adams Express company, lO2; Wells &
Fargo's Express company, 81; American bX-
press company, CO.,; Ulited States express
company, 50; New York Central, 1857; Erie,
1875; Erie preferred, %; Harlem 1873; Harlem
preferred, 1872; Michigan Central, 5S54; Union
Pacific STOCK, Sl5g; Lake Shore, COS; Illinois
Central, 945z; Cleveland and Pittsnurg, Syz;
North western, 3ls4; Northwestern preTd, 5315;
Cleveland, Columbus, Cincinnati and Indian
apolis, 56J5; New Jersey Central, I05; Rock
Island, 1857; st. Paul, Sy1s; st. Paul preferred,
655E; Wabash, 90; abash preferred, 7; Fort
Wayne, 9SL; Terre HauJe, So: Terre Hsuie
preferred, JS1s; Chicago and Alton, 81; Chi
cago and Alton preferred, 1887; ONO and Nis-
sissippi, ~; Indiana Central, ~, Chicago,
Burlington and Quincy, ia; Hsnnibal and
81 Joseph, 2l54; Delaware and Lackawanna,
1885,; Atlantic and Pacific Telegraph, Is;
central Pacific bonds, 1909; Union Pacific
bonds, l05,