Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-11-22
FINANCE AND TRADE.
FINANCE.

| = iINHNSE.
Money commands per cent, with mode
| rate demand and easy.
! November 2lst $3.50 % . AS AZ
Same time last week.. 6i2,ilO 80 Ss9H "
same week last year-...---. 536,4Z9 IS lNtVoZ Il
| Exchange on New York buying at = discount,
selling al par. Eastern cotton bills buying q per
! cent. discount, selling at par: and exchange on
| New Orleans 4 discount buying, and par selling
Bank stocks-Bank of Commerce, lS5; FlrSt Ma
| toual, I0ldll0; GermanFNational, 2OO92lO; Man
! haitian, I6o9170: State National 1229l55; Union
| Miscellaneous Merchants Storage ana Com
| press Company. nOmiEally higher, l35i memphis
| Gas stock, 75gSo; do. bonds, 919lOOi memphis
| Water Company, bonds with accrued interest par;
| stock. 40; Memphis city bonds, old, so; eompro-
mise bonds, IS; coupons from old bonds, 20; from
| compromise bonds, co; ledger balances, % judg-
| ments on coupons and bonds, 30; paving indebt
| eineSs. p; Shelby county memphis and ONO
railrosd) Is, IS: warrants, 939lO6 bid-none on
the market; Mississippi leyee bonds and COUPONS
OF Tennessee notes, new issue, SOS; Chttenden
county ARK. warrants. 20; do. Desha county. .62;
Railroad stocks-Mississippi and Tennessee. COG
IS; Mobile aud Ohio, 2I925; Memphis and Charles
mortgage bonds, rs t1Ss5) 1O2gIOs: do eoAs0ls.
IL; Memphis and Little Rock first morts~;
cOnsols. A, I27; do B, IlO91l5-
PARIS, November 21.-Rentes, T9f. S23c.
New ORLEANS, November 2l.-Sight ex-
change on New York, par. Sterling exchange
bankers bills, 4S0.
LONDON, November Zl.-OOnsOlt, 1O1 To-
lG account, lOI 1916; As. i22%; Illinois Central,
$50; Pennsylvania Central. Of; New York Central,
So Erie. 5654; Brie seconds IS; Reading, 261s-
NEW YORK, November 2I.-Money, 1920
camille paper. 6@7Iz per cent. Sterling exchange
~bankers' bills steady. $50; demand. asa Gov
owe bonds 16e .er and eonPon
bonds were moderately active and weak state
Stock Exchsnge to-day was irregular but in the
main weak. and values consequently lower than
and L@IL per cent. lower than yesterdays
closing quotations; the latter ST. Paul pre-
a fractional recovery suceef ded by reaction of
1sgl per cent, Oregon TIaDseontisental ana
in. The market then became strong, and about II
O'Clock recorded an advance OF A9I2 per cent,
Manitoba, Delaware, Lsckawanna and Western,
Rock Island, and New Jeney Central were most
conspicuous. After this the market (sll very act
ive) was Irregular but in the main weak, and be-
tween and O'Clock prices fell of Hg$ per cent,
st. Paul, Minneapolis and Manitoba, Wabash pre-
ferred. Chicago, Burlington and Quincy, Missouri
Pacific. Reading. and Western Union being prom
there was "a Genera rally of 15a15z per cent, the
latter Wabash preferred, but the market again be-
Paul, Minneapolis and Manitoba TO 13S. Indiana,
Denver and Rio Grsnde ~. kansas 20,
Colorado Coal %. Lake Shore "a, and Texas
ne enii in the downward moyement subsequently
ST. Paul, Minneapolis aud Manitoba recovered z,
Colorado Coal ia. ana the general l4st +sgl per
cent, but at the close the market was tever1sh
and irregular. Closing prices show decline on
the days transactions Of %97 per cent; Rich
Western, st. Paul, Minneapolis AID Manitoba,
Denver and Rio GTande, and Colorado Coal being
most conspicuous therein. shortly before The
elGse round amounts OF leading -snares were
pressed for sale, both for "long' and short" ac-
count. The depression in the last hour is at
tributed in part, also, 10 the following notice,
which explains ITSELF
To the President OF the New York Exchange:
DEAR SIR-The usual thirty days notice IL here
by given OF the issue of IS 100 snares OF Denver
and Rio Grande Railway Company, of 500 each,
amounting S., $40 0O1, to provide means for COM
pleting and finishing of, as much of the COM
together with the mileage heretofore completed,
viii make 1900 miles OF road, and to discharge
certain obligations incurred on account thereof,
and for other lawful purposes EesPecItuIiy
Secretary Denver and Rio Grande Company.
The Board OF Directors in net'se 70 me suck
ain the special report OF January 9th it was
announced that the policy OF this company under
any circumstances would he in view OF the
changed financial atmosphere, to proceed ciTpum-
specify and TO avoid floating debt, while there
fore the p.edge In regard to Heating ae9I ,I has
the company finds itself unable 70 hnish up with
out breaking in upon the policy whleh was set up
last January as one most advisable 10 adhere to
under any circumstances. The Board OF Directors
consequently 1T a meeting to-day. ia order TO
avoid this Alternative, have deemed il bost to in
crease the stock from s9 COO 10 $50 600 600, be-
lug addition OF 50, $40 900. The Board is salts
lied taat this Will enble the $500 miles OF road,
including the extension to Utah, TO be completed
and paid for and leave the company with new
trunk line aopen for business early in the new
year and its net earnings free from calls Tor con-
stru ton whose cost is always uncertain while
pending, and which, as far as the Denver and Rio
Grande RAILROAD Company IS concerned VIII prac-
II is sssertaiued thai $1,000 shares of Northern
Pacific preferred were registered yesterday in the
name OF Drexel, Morgan Il Co. Closing quotations