Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-11-21
FINANCIAL.

The attendance at The hanks vest srday
vas gratifying evidence OF the revival Of business
entTeT from Inc e,an ntesHt coming hi3, amos
their customers we'll supplied rates of discount
1oo5 sn5Dy at me ,biisbsd ,a Was u
quotes sight on New York and demand on New Eng
land at IS on sight on New England Il OF, sellin!
at par; on Ne orleans Il discount buying selling
AZ par. The New YORK EtrIld, OF Sunday, re
ports: The following were the rates o. exchange
on New YORK at the aforementioned cities TO day
Savannah-buyiog l. discount, Hing 16dIt pre-
MUM; Charleston scarce, 3-lB discount, par; New
OrieanS-commercial lbuli bank Is; ST. Louis,
5Oc premium Chicago, 25c to SOC premium, ard
Boston scarce, pig, premiu n" Tne fear OF what
electricity may do has shaken confidence I'm gas
stocks; ruinOus competition is doing the same thing
ior railroad stocks, and the consequence is an In
eteasing demand for government fodr-per cents the
prices OF nearly all the Issues cf these bonds have
increased during the p st week. A Calcu Ia
dispatch % the London Telcg,,iUh states; Il hear
uron authority In which I place the utmost conf
dence, that the government of India contemplate
adopting gold ctirfen y, and making English gold
coins legal tender Throughout the country "Details
OF this important rroi sct under consi EZRA
ton between Lord Lytton's government ant the
secretary OF state. we'll By direct Intercourse
through the medium OF special agents nor In Eng
land 10 TO this time India has always had a
1873 searching liquidation OF debts has been
going on until the country lsas nearly out Of debt
country an well be. The necesSaries OF life are
cheap beyohd president, and the purchasing power
OF the dollar was never larger so far leadiog ar
tlcles are concerned" In stocks and bonds nothing
- doing gas bonds are Offering at par bit the re
LAY In meeting the October LIST payments and the
iuftLAlDia prevents sales. CUuUtJ scrip Is
almost the only thing in which there is any move
ment, and that Is Gulet So buying aud 30 selling
TBf TELEGRAPH
PARIS, November 2O.-Rentes, II2E 4Oc.
NEW ORLEANS November 2O-Gold IOOA a
lOOis. New York sight, Is discount Sterling es
change, bankers bills, 4S2.
LONDON. November 2O.-Cousols-fof money
1854; Penn ,yivania cenirai. 3.ils; headins' 49,
hre l'.is; preferred. ;ii; 5 POS of 1887, 1OS12
lO4OS, lOn7l; e~ IS, l0Sas; 4iss, 106ls
active, 3o per cent; closing at per cent. Prime
mercantile paper, 4l2d5l2 per cent The assistant
S2050O0. Clearings So 600, 600. Sterling ex-
change-DankerS bills, quel, 4Sll2; New York
sSss per cent 1u Boox HGos rates at 1s s@i pef
cent. Government bonds iiTm coupons of 1881
1868 iO8Is; new IS O;si; new 4lss, i6i5s new Is,
lCQl4; lO-4Os, registered, 101$s; 1040s, coupons,
old H eG1eSsee is: new feHness SuS ea old
virginia 23 new virginia, %; Missouri Is. i05al.
notably SO G X Garrison has been elected pTesi-
dent OF the Wabash railway company, vice James A.
somewHat ifreguIrt Lake shore NorthweSeS and
81. Paul declined Lass per cent In early dealings
but TO Sard the CLOSE became strong and advanced
tIfs per cent Northwestern shares sold up to the
highest OF the season Coal stocks, after dec ing q
Ia per cent recovered l461 IA the extreme fucua
lions being In New Jersef Central Western Union
fell OF "a per cent, but subsequently than
covered the decline. Chicago and Alton broke from
SOLE to 7Sl2 rallied to IEl4, and closed at 7Sls bid
Illinois Central declined to 76, against 77l2 at the
close yesterday, but recovered 10 1855. Investment
shares generally were strong and I'm good demand
the entire market closing firm. ] he transactions
aggregated $4,000 shares, OF which 10000 were
Lake Shore, 1000 wabash. 14,Ou0 Northwestern
common, 1000 preferred 1000 Rock Island, 5000
81 Paul common, 5000 preferred; 10000 Lacka5
wana, 5000 New Jersey Central, 5000 Ohio, 5000
Western Union, 1000 Il. Louis, Kansas CITY and
Northern. and 7uOO Missouri, Kansas and Texas.
Western Union telegraph company, 1914; Quicksil-
YER 10; Quicksilver preferred, 32Ii; Pacific Mail,
l2ls; Marposa, 2l2; Maripcsa preferred, pa;
Adams express company, 1906 Wells * Fargo ex-
press company, 9Sl2; American express company
4als; United States express company, Al;
New York Central ll2 Erie, $751; Erie preferred,
81; Harlem, l40L2; Michigan Central, 6S3l
Panama, 1913; Union Pacific stock. So: Lake Shore.
1855; Illinois Central, 1868; Cleveland and Pitts
burg, S13s; Northwestern, 44sl; Northwestern pre-
ferred, TIA; Cleveland, Columbus, Cincinnati and
Indianapolis, 3014; New Jersey Central, 81; Rock
Island, rs; St. Paul. 1895; st. Paul preferred,
$3.50; Wabash, ~; Fort Wayne, 9q4S; Terre Haute,
2; Terre Haute preferred. 2; Chicago and
Alton, 1919 Chicago and Alton preferred, S214 Ohio
and Mississippi, az; sDelawaTe, Lackawanna land
Western, so; Atlantic and Pacific telegraph. 2Sl4
Missouri Pacific, l4i Chicago, Burlington and
Quincy, l0I2; Hannibal and st. Joe. 1512;
Hannibal and St Joe preferred 3S34; Cen
trail Pacific bonds, ia; Union Pacific bonds,
107; Union Pacific laud grants, $50; Union Pa
cific sinking funds, 1924.