Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1885-08-27

By Telegraph.

New York, August 26.-Money IN call
easy st II per cent. Prime mercantile pa
per. 4G5. FOREIGN exchange quiet at 4S4
for so days, and 4s5i for demand.
B1nds-Governmeut bonds dull but
strong. Stats bonds have been more &C
i've md prices stronger. TIE railroad
bond market was again dull to-day the
sales aggregating only l6!t,s0O, OF which
Erie secanda contributed sol ,0Ou,an k'ck-
el-Plate firsts, PAL 600. There were no sales
# West Shore firsts, but 434 was bid forthe
trnar ceI S6cates. Prices are generally
lower tiks evening. Nickel Plate frsts open
ed at 75g, end rapidly e"ld down in the fore
noon ta "A and Ia the ~afteTnoon TO i3f,
after which they Gs rapidly advances u
aud closed at 762, q net gain Of 1t per
cent.
Stocks-The stock market has been less
active today, the total sslsT amounting to
60,OOl shares less than yesterday. but the
decline which hiss been going on for rev.
eral DAYS past was checked, at least for the
tins being, the result of the days opera
ions showing advances with two or three
exceptions fer greater or less amounts, but
in no case exceeding Is per cent. Tor any
If the active list. A notable feature of the
days operations has been active, open
buying by prominent operators who tor
some time past we're classed amoag the
leading bulls, but who have been selling
stocks more recently. On the other hand
| there was good sailing by prominent
houses. The result is that the street Is
considerably puzzled regarding the future
of the market. One Of the notable ieaty
| ures of the situation is the fact that among
tn railroads reporting earnings for either
the second or third weeks OF the current
month, only three show gains. and one of
these is Canadian Pacific, which, on ac-
count Of increased facilities, has been
| making material advances over the cor
responding week last year for some time
past. The Chicago and Altoona earnings
for this week fell off about $4,000, kOrth-
western S1S,400 and Louisville and Nash
vile $40, 3l5. The market opened irregu-
| ar, although generally lower, and in
I the carly dealings there were in most
| cases FIN .her fractional declines. the
| lowest prices on the day being made gen
orally in the first mr.. TINS WSs FOL
lowed, however, by a r~eactiU"~ "nlcn noi n
tinued with only slight interruptions "ni'
l o'clock, OF S mewhat later, when the
highest prices were reached, the advances
for the time amounting from Z to II per
cent. In the last hour the market was
| decidedly dull, and there was a fractional
terline about $3.50 O'Clock p m most of
which was again recovered before 3 O'Clock
ON am the market closed steady at a
net gain of l per cent for Northwestern, :
Tor st. Paul, for New York Central, ] for
Lake Shore, ! for Western I'm on, J for
Pacific Mail and { for Union Pacific, while
| Lackawanns, which was weak all day,
shows a net loss of per cent, although
Delaware and Hudson is higher, New
Jersey Central I and Reading IL The
| Omahas were very dull, but show gains of
/ for the common and l for the preferred.
L is semi-ofiicially stated that the Western
| Union statement for the current quarter
/ vii! show larger ret earnings than tor any
| previous quarter for several years past.