Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1885-11-20

NEW YORK, November Mon on call
agi Per cent closing at 3 per cent Prime meT-
change steady at zs24 for co days and 4S4% for
demand.
stesdy. Srate bonds were quiet and stendy. Not
withstsnding the great activity in the stock
market, the trading in railway bonds was in ex-
cess Of anything known on the Stock Exchange
for several gears past. The sales loot no $500
600. Erie fecOnd eOnsols show sales of 81, 500, 900,
at q gain Of per cent. There was great activity
in East Tennessee incomes. the sales amounting
TO O. er g 100000, during which they rose rs per
cent There was an active business IN Atlantic
and Pacific incomes, which gained z. ohio
southern incomes were very active and rose SIS
per cent. Many other issues show decided gains.
The bonds, which are held principally by invest
ors, and especially those so held for a long time
and then command a high price, receive but little
attention, while firm, and show only slight
Stocks-Never before in the history of the Stock
Exchange has there been such an enOrmous bust
ness done as at present. The reported sales to-
day were even larger than on any previous day
during t.ls present movement. The transactions
amounted to iSS, 800 shares. The actual business
was probably in tbs ReighbOrhOod of l,0O0,OO0
shares. The extremely active stocks to-day en-
braced a larger number than at any time hereto
fore, and st. Paul, which has led the list for
Missouri, Kansas aAd Texas; Erie, Lake Shore
and st. Paul-contrlbuted S0l $40 shares. There
was trading in Lack wanna, Pacific Nail and
Oregon Transeontinental, Northern Pacific pre-
ferrod, Western Union, Texas and Pacific, Ohio
Central and East Tennessee common made up
los, 200 shares. The thirteen stocks mentioned
thus contributed 56a,S 800 shares, leaving to be di-
yided among the other stocks 229, 100 shares, the
saIns &C ,~bicb !, no sipgIe caso reached n. OOl
shares. The Movement at times was quite fever
ish and Irregular. The opening prices, following
ranging between an advance of per cent, end a
decline of per cent. The early dealings exhibited
decided irTegularity and a feverish tone. The
market was Intensely active. The sales for the
first half hour amounted to I@St0O shares, and
for the forenoon $50 900 shares. A orc steady
! tone prevailed by Il o'clock, and decided ad-
vances were made in the next hour, but after mid
day tdere was conslde. aole weakness developed
on reports that the baltimore ana ONO Company
| had hEaily refused to sign the trunk lines agree
ment. THIS report was Iifer delled' Commls-
| siOner Fink stating hat the Baltimore and Ohio
had agreed to sign the contract. The market
| again became strong, and with oalS moderate re-
| action, although still feverish at times. continued
10 advance e the close. The final figures were
| generally at or within n small traction of the
| hlghest of the day, 1be greatest advance W E in
| Pacific Mail. 1t openedl per cent. higher. at66A,
It's lowest figure, and closed at 6g. itS highest, a
gain from iast evening o., 50, OF for the past for
| stock was persistenty upward all day, with only
moderate reactionss Missouri, Kansas 1nd Texas
| suddenly took ;ts pace mt the head ar[e list IN
| the amount OF business, done, aud rs7e from ~
| last evening ana 80 at the opening this
| lower, with a net gain OF lts, with
| sales of $500 shares; Erie common siaoged de
sold down to 25As. 1t yas eonspicuCusly feyerish
| thereafter, selling up to 2i5E, back 10 2bts and
| closing at 271a, an advance Of l pes cent III.
grangers we're irTegular, 81. Paul being neaTy
most of the cay, bet closed strong at %, an ad-
vance of q. Northwestern is up Ia per cent.
Lake Shore is prominent for the advance made,
opening at SIS, selling early at 81. and then
down;to S7S before midday, from which il r0se In
the afternoon, to sYs, a gain Of per cent. New
1 York Central is up =. Michigan Central was
heavy and lost i-s per cent Other decided ad'
yances were Texas PaeiHc ~ Lackawanna is,
4 Denver and Rio Grande and O,ssop Trausconn.
\ mental u, Wabash preferred Ia and Akultots
| ~ per cent. Union Pacific was heavy, and closed
J with a loss of =, AID 4 Is believed thst there hA;
/ been active selling Of this stock. both by actual
| holders and by short sellers. northern Pacific
I preferred was active but heavy, nearly all Ga-4 al
| fractions belOs g., 1t rallied, however, in
| he last hour, aud closed with an sd.
vance. Of - per cont The common
0aio Central, which has been traded IN in a
small way for a time, took a conspicuous place
to-day, and with sales Of $3.50 shares; rose from
Ia 10 per cent, and, closed az rs.
| There was e =eport on the street that
Jay Gould had received Q bid from n syndicate
! for a LARGE block OF the stock owned by hun, the
1 only truth in which is that he was bad r price FOL
S0,6l0 shares of Missouri Pacific, which he do
not accept.
shares, including Canada Southern, 5445; Dsls.
Erie, S,sG; Kansas and Texas, $3.50; LAX,
! shore, 7O,OO0; Louisville and Nashville, $3.50.
Lake Erie and Western, $50 Northwestern, S0,-
\ 5qS; New Jersey Central, $50; New York Central
1 1900; Northern Pacific, H,6g0; Ohio Central
1 $3.50; Pacific Mail, Al loo; st. Paul, 6i,SS5
i st, Paul and Omaha, 5s25; Texas Paefc, q, 75I
Union Pacific, I1,SI0; Western Union, 2S,6SS
Northern Pacific preferred, 2,9SS; Oreson Trans
continental, &,Ss2. Closing quotations.;