Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-11-30
FINANCIAL.

After the Thanksgiving holiday Of Thurs
oay was natural 70 look for additional activity but
" uld not come, and vi. modsrae buslne ;, the
tone OF the market remained, IN all respects IN
ehanged Exchange quoted sight on New York and
demand on New England IS OF; sig1t on New Eng
land. Il OIL. selling at par; SeG Orleans Il dis
OF Tuesday quotei: .The following were he rttes
OF exchange on New York 1T the aforementioned
cities: savannah, buying az par selling Il ii pre-
mlumi Charleston scarce, par TO I-l6 premium, Is
Ui4 premium; New Orleans, commercial 3 I69I4.
bank. Is; St Louis soc premium; Chicago, quiet
and steady az par, ana Boston, 253 premium
what made gold 90 mp to 100 on Tuesday," IS
for gold. now and for the year 1879, was nade
Prominent, for tne evident purpose of bedevising
the market generally, and the day closed with the re
action IN the leading speculative stocks i'm full
force. We see It asserted that the Bank OF England
Is mas 70 be kept at twice the rate of the BANK OF
france In order to prevent drain or gold under
these conditions OF trade which does not look well for
England, The New YORK Bulletin, OF Tuesday.
says: New Orleans "a Memphis bills on Barring
Bros. sold at 4S1l4 currency" Resumption occu-
York cOrresp Ondent writes: There IS already a
movement against the new bank rule. which It is
promised shall 20 into effect after the first of Jan
uaTy, and which declines to receive gold as special
deposit, but treat I only as lawful money. The be-
lief Is that the banks viii be forced to reeede from
thelr position against receiving gold as special de-
post, aud, tutherm1re that they will be obi ged 10
keep thres kinds of accounts. to-wlt: gold green
backs and silver" The New York Rtlisfi, States.
I'VE hear that some OF the leading merchants are
discussing me pfOpTiy OF making all their bills
plclt payable IN funds current al The New York
clearinghouse having these words stamped on all
their bins" The ST. Louis ReDre5i5cT9 Is indignant
and impulslyely OBSERVES -We do not beiieye the
national banks OF the west and south approye the
srrogant action OF those OF New York and Boston in
attempting TO dem)nstize and degrade the silver
dollars we have reasons for believing that they con-
DELAY action AT meeting OF the Baltimore banks
Il was resolved that
Pending the early-reas sembling OF congress. and
with the hope that so ne modification will b. adopted
bg them IN the existing currency acts we deem 1t
premature ADD loud clous, at this time TO prescribe
any lne OF pUlcl which the banking Interests Bal
tlmore may require hereafter" The NeWOrleans Pic-
yne OF Wednesday, states; at Is generally under
stood that at the next meeting of the clearinghouse
association the resumption question will be acted on.
~ IS surnlsed that our banks viii follow the examlle
financial situation"
TBY TELEGRAPH.I
PARIS, November 2g.-Rentes, II2f 27ISc
NEW ORLEANS, November 2q.-Gold, IOOlA6
1OOl2 New York sight. IA discount. Sterling -ex-
change-bankers' bills, 4S2Is.
LONDON, November 2a.-C onsols-for money,
90 l-lO; Illinois Central, 7aI2; Pennsylvania Cen
tral 3l4 headlng l2Is; Erie. as; preferred, 32ls;
ILLUS, lO9Sii lev 5s. lOS34; 4lss l062i. The
low Bank OF England rate.
NEW YORK. November 2Q.-Money market easy,
cent The assistant tr asnTsI dIsb Rpsf
Customs receipts; $4,000. Clearings, $4,000
v10, sterling exchange-b mixers bills, 4S lls; New
YORK SIGHT, 4S6 Dry goods imports for the weak,
S960,OOO. Gold firm, 1OOi4. Carving rates, 163
per cent, cent Borrowing rates Dat TO Lea per cent.
ment bonds frm; coupons of 1881, 1926; do.
lS65i new, i034si do. 1857; 100; do. 1868, 1894;
1O-4Os, registered, IO75s; 10 4Os coupons i075s;
currency U.s. III. state bonds were dult;
old Tennessee, 81 q; new Tennessee 2SI5; old
Virginia, %; new Virginia. %; Missouri 6s. lO6ls.
Railroad bonds buOyant, especially for Missouri,
Kansas and Texas, Stock market was Irregular to-
day; coal stocks declined a TO Il per cent, but
advances OF ~ 10 l " followed, the improvement be-
Ing we'll maintained at the close. Western, ST. Paul
aud Lake Shore were actively traded In, aud ad-
vanced u TO = per cent; the only important reae-
ton at the close having been In the last named,
which lost Ia DER cent Of the cary improvement.
Hannibal aud ST. Joseph preferred oecllned 3la per
cent, Illinois Central ,, and Wabash ia per cant.
cent. The remainder Of The list quiet slight
nuctuatlonS. Trans ictlonS aggregated 100000
shares, of which 20OO We're Erie, 25OOO Lake
Shore, 1900 Wabash. 25,0G0 Northwestern com
mon aud 5000 preferred. $4,000 Lackawanna,
400 New Jersey Central 300 Delaware and
Hudson. 5000 Morris and Essex, 400 s., Joseph,
400 western Union, 200 Missouri, Kansas and
Texas, $500 ST. Louis, Kansas City and North
ern preferred. Closing quotations "a follows:
Western Union telegraph company, 947s Quicksil-
1886 Mdriposa, 3; Mariposa preferred, pig,
Adams express company, 105; Wells d Fargo eX-
press company, 9Sl2; American express company,
49l2; United States express company, Ava;
New York Central. / a.; Erte, 10; Erie preferred,
32I2; Harlem, 40; Michigan Central, 1855; Pana-
ma, 122; Union Pacific stock, 66ls; Lake Shore,
burg SlAi Northwestern, 4I34; Northwestern pre-.
ferred, 77l2; Cleveland, Columbus Cincinnati and
Indianapolis, 33; lew jersey Central, 293s; Rock
Island TIA; st. Paul, 35is; st. Paul preferred
p Terre Haute preferred, IL; Chicago and
Alton, 40; Chicago land Alton preferred, 102; Ohio
and Mississippi, u.s.; Delaware, LaekaEEanna and
Missouri Pacific, 10li; Chicago, Burlington and
Quincy, 10; Hannibal and ST. Joe, l4I4
Hannibal and st. Joe preferred 1881; Cen
7s4; Union Pacific land grants 6l4 Union Pacific
sinking funds, GAS