Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1875-10-27

10, and still ,ater rescte I to o. Western
Union FELL eft from IA u 76s; Union
Pacific from 81 to SCI; Michigan Cen.
tTai from 6Ii TO 81; Lske Shore from
60s to co; Northwestern fi0m IS to 3i4;
Erie from Ia to 49,, snd Hannibal aud
St Joe from q To 20! Pacific Mail
advanced from 404 to Az and re act
ed 90 400 Toward one O'CLOCK an i'm
proved tone set in, and st the sec
. Old call prices in some instances
made partial recovery; Illinois Cen
al advanced TO 34i. During the last
/ b0Ur Of business stocks were firm and
price, higher on the general list. Michi-
/ gan Central made the greatest advance,
I rising from 81 to 62s with closing sales
al Gil Lake Shore advanced 10 60s,
Pacific Nail TO Il, Western Union 20
az, Erie 10 I7s, Northwestern TO 81
Union Pacific to So, Hannibal and ST.
Joseph 10 q, and Columbus, Chicago
and I'D aua CentIa' to 4! In the finsl
sales ther. was a reaction Of | to ( per
cent. Missouri Pacific closed at ct, the
two extremes Of the day having been
lOs and 81. Illinois Central sold at GAG
sat. The Commercial Gays: 1--WE leaTn
that aTTapl ements are on foot TO settle
the pls!s Tue interest on the Columbus,
y
gage bonds, on which default was made
ty the lessee, the Pennsylvania Central
company, last April There is, we be-
Eeve, a fair prospect of some sort
Of eerly settlement A meeting Of the
stockholders Of the Missouri Pacific rail-
read company was to-day held 10 re-
celve the report Of the committee Bp-
pointed to confer with the presI-
dent and direct "a OF the At |
lantic and Pacific railTCad. The COM |
mit'ee made a report showing that |
during the three years and three months |
ia which the road has btel leased to the |
AtlaI tic and Pacific company the net |
earnings have been $499 2G5 and the !
disJursemeI II for interest Oh the funded |
debt and rentals, a1d dividends, not in
including the gu Arterly dividend last
declared, have been S473, 9S7, showing a
deficitO S474 Tl2 on the obligations con-
templated by its lease, besides some
500, 600 due and not provided for. The
com mite say they would suggest that
If tie stOc6 holders come forward and
take the 81 1854 600 of third mortgage
bonds st IS per cent, taen the floating
debt could be retired; and by the stock.
holders foregoing their rental for a few
years, they have no doubt that with
proper management the future growth
Of business on the road will in time
make their stock Of value. Otherwise
the third mortgage kondhoIders, the
most Of whom arc floating debt credit
0Ts, may ask for their rights and in that
case take the property. In any event
they would re commend that if the leases
Of the several Misunderstanding per-
h6ps the Carondelet-caunot be can
celled, that they be 80 modified as not
to prove loss TO the company in oper-
ating them" Transactions at the stock
exchange aggregated l22, 900 shares, of
which % 600 were Pacific Mail, q, goo !
Western Union, $500 Northwestern COM
mon, 5000 Erie, "a 600 Lake Shore, 1900
Union Pacific, and 1000 Missouri Pa
2itic. The closing quotations were:
Western Union Telegraph, 76B Pacific
Neil, 40B; Adams Express company,
L002; Wells & Fsrgo's Express COM
Dany, rs; American Express company,
"a; United States Express company,
t4Si New York Central, 104l; Erie, 17s
Erie preferred, IS; Harlem, 1871; Hsr-
EN- preferred, $50; Michigan Central,
~; Union Pacific stock, 66t; Lake
Shore, 605; Illinois Central, 81; Pitts
'urg, 80; Northwestern, 37S; North
7estern preferred, 500; Cleveland and
So; New Jersey, 1853; Rock
sland, I033; St. Paul 34}; st. Paul,
623; Wabash, So; Wabash,
preferred, Z; Fort Wayne. IS; Terre
iaute, 5; Terre Haute preferred, 2O4;
jhicsgo and Alton, "a; Chicago and
Aiton preferred, 103; Ohio and Missis-
ippi, lt3; Indiana Central, Al; Chicago,
Burlington and Quincy, 1113; HsnnI- {
al and st. Joseph, 204; Delaware and
I16B; Atlantic and Pacific
'elegraph, Is; Central Pacific bonds,
CAT; Union Pacific bonds, 1O2.