The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-12-08

was barely steady on the whole, and
Richmond and West Point neglected.
They all felt the adverse influence OF
the afternoon and all yielded The de-
Cisiop OF Judge Gresham had a de-
cided effect upon the Wabash securi.
ties, snd though some Of the bonds
are higher the stocks suffered a mate
rial decline. The recommendation Of
the Yves ern Union Executive Com
mittee thst there be no div dsld,
caused considerable selling Of that
stock. The opening was dec dedly
weak, frat prices showing 6ecioes OF
10 per celt ON last evenings final
figures, the Only exceptions being
Louisville and Nashville and Western
Union, which were up and ! per
cent. respectively.
Further declines were made ia the
early dealings, Canada S uthern being
conspicuous. The strength in come OF
the specialties, however, rallied prices,
when the market became quist. 1t
soon rallied, however, aud in the after
noon decided weakness became appa-
rent, accompanied by increased rad-
ing. Sales 606,976 shares. Reading
furnished l1S,24O; St. Paul, 1900;
Western Union, $685.; Union Pa
ci6c, 29,0S5; Norfolk and West
ern preferred, 27,940; Lackawan-
ma, $500; Lake Shore, 24646, and
and Erie, 1885. Cameron Goa is tae
only stock in which the tradiog was of
any Importance, which shows an ad-
vance, while Wabash preferred is
down 80. The common ock is also
down q, Richmond and West Point
and Lackawsnns II; Hooking Valley
and Michigan Central each II; Texas
Pacific IL, and Omaha II. Railroad
bonds were less active, aud in gym.
pathy with the share market showed
considerable ives kness, sales 81, 720,-
600, OF which the West Shore
AZ furnished $2S7 900; Detroit, Mack
mac and Marquette land grants
$500, 900 and the Denver and Rio
Grande AZ $4,000 There was I'M
usually heavy trad ng in the Wabash
issues and most of them are higher.
The Mackinac aud Marquette land
grants were sp; cial feaure of the
trading and sold up to 81, but finally
closed With net advance of l per
cent at 593. Chesapeake and Ohio
purchase money fund lest q at iii;
Texas Pacific income trust receipts 2,
at 58; Wabash general trust receipts
2, at GA. The boom in mining shares
this morning suffered no hindrance
because OF the Sac Francisco failures.
On the contrary, the market in numer-
Gus directions was stronger than YES.
terday, notably in Sutro Tunnel, which
sold up to SO, with unusua ally heavy
trading on reports thst the stock
was selling in San Francisco at
81. In the afternoon most shares
were q shade lower and
the demand was much lighter. An
unconfrmed rumor made consolidated
California and Virginia selling at
above 500 in San Francisco. Petro.
leum opened weak at SOC, declined
steadily, touched 7Sc at noon, became
psnicky and dropped &c to 72c within
half an hour, steadied and rallied TO
74lc, but became heavy again aud
closed weak at ,73c. The days de-
cline was partly caused by the reports
OF two rev wells, flowing at the rate
of 1000 brls per day. Several lots of
oil were sold under the rule for
brokers who were unable 10 carry out
their contracts. Sales, 9,Sl3, 900 brls.
The total sales of stocks today were
SOC, $40 shares, including Canada South
ern, IL ,7S9; Delaware, Lackswanna and
Western, $500; Erie, 23,S95; Kan.
sas and Texas, 1850; Lake Shore,
24,646; Louisville and Nashville, IL
265; Missouri Pacific, 3O9S; North
western, $500; New jersey Central,
10,880; New Yoik Central, 1850;
Northern Pacific, 1850; Ohio and Mis-
sissippi, $3.50; Pacific Mail, 1910;
Reading, 1920; St. Paul, 400;
ST. Paul and ON aha, 5120; Texas and
Pacific, 1900; Union Pac fic, $4,000;
Western Union, $685.; Wabash Pa
ciic, 1920; Oregon Transcontinentsl,
$3.50; Hooking Valley, 1l,62S, Clos
ing quotations: