The Rugby gazette and east Tennessee news. (Rugby, Morgan Co., Tenn.) 1884-188?, 1884-11-22

uoH tLllSlallG nave rewarded TO us,
their monthly list of investments
for October. We extract the fol-
lowing, from their valuable re-
marks on the past month"; Since
tile beginning of the month, the Bank
Hate has advanced to four per cent,
and the Money Market is decidedly
harder, but there is no pressure for
money, nor any difficulty in borrow
ing at fair rates. The Foreign Ex-
changes continue against us, and at
times there have been fears of a
drain of gold to America, but up to
the present there has not been much
profit in such shipments. Notwith-
standing the increasing dearness of
money there was very little difficulty
IN floating the New South Wales
loan, which, however, was chiefly
taken up by syndicates, and is still
held by them. There is no expecta-
tion Of tightness in the Money Mar
ket. Our Stock Markets have been
a9llttle more active than for some
time past in the way of investments,
bpt speculation has kept more or
less quiet, except that considerable
amount of business has been done in
american and Canadian Securities.
The scheme for the conversion of
Government Stocks was not a sue
cess, which is 70 a great extent
aSributed to he omission of the
s'at 81 q n fifto 41trtff 1trtff c-san
sells the leading London Bank, rs,
who, not being consulted. naturally
held aloof. Prices in this depart.
|tinent show a decline of J to L..
Colonial Rail'oay Dcdeatures cno
| P,vferenceS have also recelel Will
the rise in III value of money, the
fall being greater in Dehenturt
Stocks than IN th Preferences
during the last few days an increas-
ing demand seems 70 have sprun.
up for some of the latter, and the
market is rather bare of Stock.
The market for Aaerican Share!
has continued to show the violent
fluctuations which have character
lsed 1t for some time, prices being
without recovery but these were sool
dissipated by the announcement OF
the cutting of rates by the Wes
Shore Railway, this course beins
quickly followed by the New Yorl
Central and other lines. New Yorl
Centrals at one time showed a fal
of Sl2, and others from 81 to Sc
hut our last advices from New Yorl
are little more favorable, so tha
prices have a momentary tendenc,
to recover. United States Rolling
Stock Shares have declined 3 with
but few transactions; the. Directors
are hopeful for the future, but the
market speaks for itself, as it is al
most impossible to sell the shares.
Egyptian Stocks have risen 3 to
per cent, in anticipation of gooc
results from Lord Northbrook'.
Mission.
The general tone of our Markets
during the month has been dull
though towards the close there were
in some cases, signs of recovery, bu
it is extremely difficult to tell wheth.
er prices will continue to harden
Our Home Markets depends yer,
much upon trade, and the New York
which at present gives tone to ours
depends upon the magnates there
and the course they may adopt witt
regard to rates.
The following extract sent to a
for publication, by one of the Eng
lish readers If the RUGBY GAZETTE
gives vivid picture Of the condition
of the artizan classes in the varlou
manufacturing districts of England
| There may be found few vacan