Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-11-23
FINANCIAL.

The banks were again busy yesterday but
less so than on ans previous day or the week. No
s an n T' 'sIG psr een' Ey ohanse in
free ARRIVAL; Quotes sight on New York and de
mand on New England az - OF; sight on New Eng-
land II OF, selling at par; on Mes orleans u dis
count buying, se Ing at par The New YORK Iln.sN,
OF ex change on New YORK at the aforementioned
cities: savannah, buying at par. selling al lsul4
Nes Orl-uns- commercial 3-lGH = discount, Dank
T.; s. Louis. soc premium; Chictg 25e premium;
There Is 40 doubt whatever that gold and United
States legal-tender notes VIII rule az parity long
before the DAY ioT RESUMPTION OF eelS payne, s.;
Silver quotes 5Ui2 In England; u should be go 70
bring the silver uo1T 20 par built value with go d.
Money Is easy IN London at l49 LIZ below the Bar n
or England rate o d yer cent There ms oeeh sur
prise that the bank quJt-s WHEN money u plenty
at AZ, bit Il needs gold and rs taking care
Is at IOJi4 there with a steady demands
that numbers Of pers).s are buying geld in small
amounts TO hoard Il, But the largest purchases are
by country banks. Some CT these Institutions are
counting upon rise In The Pre- MUM, instead Of its
among the Chicago bankers Is that the redemption
will tlAe place O1y 40 the sub treasury In New York.
IL this be ths ease, there will for long time be d
premium on coin In Chicago, ana this Will iuctuate
according a. charge on New York IS at premium
I'm only one place In the country-New York. The
ChicagO holder Of legal tenders who want god will
charges on his currency to New York and on his gold
10 igO. The most favorable rate for the trans
pO;tatlon OF currency is that or SOc per $1,000,
made b. the express com anies u the banks whose
contracts b. the million. The express charges
Cnicigo bank holding 100000 IN legal tenders,
which IL wishes 10 change into god with
New York EXCHANGE &C shipping rates. The cost OF
taking the currency 10 New YORK viii be $3.50, and
OF brin sing the 9 Id back 200, or $3.50, alto
gether This IN axes Il cost q 30 more than "A which
would BE- Oly > 1900. This calculation, OF course,
would vars wi Ii the COurss OF exchange. There is
very litt gold OF silver legal-tender coin in the
west The banks are not compelled TO redeem I'm
coin but In leg il-teudtrs Tney Will certainly moi
SoideTs VIII 5m they can pa of With egatendefs
In stock N iret county scrip is the Only thing
that shows M ement; quotes X buying; 30 selling
IBY TELEGRiPR.l
PARIS, November 22.-Rentes, I12f. 52I2c.
NEW ORLEANS November 22.-GOld, 1904 q
lOOI5. New York sight. Is discount. Sterling tx
change-bankers' bills, 1872.
LONDON. November 22.-Consols-for money
90 , I6d Illinois Central, 77Is; Pennsylvania Cen
trail 1854; beading 1912 Erie 1914; Ere preferred
80; 5-2Os Of 1857, 10sls; l04Qs, lO9S4; new 5s
tl5,0OO. rate OF discount in the open market TO
three months bills, 4L4i being sad below the Bank
OF England rate.
NEW YORK November 22.-Money easy, 3d4
per cent Prime mercantile paper. 4l295l2 per cent
The assistant r.. asuret disburssd $3.50, 900. Gus
Sterling exchange baHkeTs bills strong, 1897 New
York sight, +S6ia Gold lmer, 1OO8. Carrying
rates. IG2 per cent Borrowing rates fiat. 1bd2 pei
cent. Government bonds were strOng; coupons ol
iStis iU5t: new as O57s; new 4lss. O47s; new As
lOOl4; IO--sUs, registered 1913; lU4Os, coupons
f07l3i currency s., lzlll. state bonds quiet
virginia. %; new Virginia, %: Missouri bS. lO0S+
Railroad securities we're firm. The stock market tx
hibited weakness I'm the early dealings and under
sharp selling mant prices yielded l40l pel
cent but during the afternoon a deciced change
took place and the decline was recovered the CLOS
ing quotations beiBg geneT lily the highest OF the
day The most active stocks were hoTthweS ern
Delaware, Lackawaund and Western, Lase Shore
81 Paul and Western Union. TRANSACTIONS weTe
I2S,OOO shares, OF which 1000 were Lake Shore
$500 Wabash, 23,OG0 Northwestern common and
~ 600 preferred 5000 81. Pdui com mon and 42OC
preferred 21,O00 LackaWanna, 1000 Delaware anC
Hudson, 200 Illinois Central, t2Un HannlDa
and st Joseph, 5000 western Union and 3OOC
erie Closing quotations were as follows
Western Union telegraph company. 9B; Qmcksll
yer 10; Quicksilver pTeferrel, 32l4 PACING Mail
I5S.: NaT1pOsa, BIZ; MaripOSa preferred zig.
Adams express company, l06; Wells d Fargo eX
press company, gS34: American express COMPANY
40; United states express company, 4Il2
New YORK Central, IL Ia Erie 1875; Erie preferred
30; Harlem. Il2; Michigan Central, 6Sl4i Pana
ma I23: Union Pacific stock, bBls: Jake shore
SS7,; Illinois Central, 15lJ Cleyeland and Pits
fsrfed II; Cleveland Columbus, Cincinnati ans
Indianapolis 32ls; rev Jersey Central, I'll hOeE
Island, lTd; ST. Paul 33lS; st. Paul preferred
tiSis; Wabash 2iis: Fort Wayne, 9!4l2: Terfe Haute
pa; Terre Hdute preferred, q ChleaSo ahc
Alton, 7Ils: Chicago and AG2 preferred, lO2i ONE
and Mississippi, III; Delaware, i2ckawanna anC
Western 4gi9: Atlantic and Pacific telegraph, 2Sls
Missouri Pacific. ia: Chicago, Burlington anC
Quincy IOla; Hannibal and 81. Joe. las
Hannibal aud ST Joe preferred is; Cen
trail Pacific bonds, 73l; Union Pacific bonds
IO7l4; Union aeihc land grants, iO6as Union IA
chic sinking funds, 1921.