The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-11
BY TELEGRAPH.
Money, Bonds aud Stocks.

NEw YORK, Sept. lO.-Money ON call easy
ut lCg2 per cent? last loan ~ per cent;
closed at HCg2 per cent. Prime mercantile
paper 56g6E per cent. Sterling exchange
quiet but steady at $LsiA for sixty-day bills
and SiS7M for demand.
Government bonds were quiet but firm.
State bonds were duh and steady.
The stock market was ,omowhat irregular,
foyerish aud generally lower today the
heavy trading in the low priced shares being
"a feature Of the dealings as well as the unus-
ually large number Of stocks traded in.
There was a renewal of the attacks upon st.
Paul, with free realization IN most Of the
active list, but the most determined drive
was made at the granRcrs In the last hour
by which all OF the list was affected and the
majority Of the list are lower this
evening In consequence. The early
figures from London this morning
were lower than our prices of Saturday
and the bears immed 'atcly attacked st. Paul.
which London also sold with some others.
The general list, however, exhibited astrong
tone and soon broke away from st. Paul
while n number Of the inactive list dryc'-
opcd marked strength, Hooking Valley lead
ing the noarncss Of the decision on the suit
for 81, 600 600, which the friends Of the road
confidently expect will bc in favor Of the
company, stimulating buying. The general
list sympathized with those stocks and be-
fore noon most Of the list showed small
gains for the mornings work The inn
proved tone however gave way later and
these advances were generally wiped out,
though the character OF the dealings under
went no change, Among the stocks show
ing unusual strength today were the stocks
Of the small coal companies though the
stocks Of the great coal carrying roads were
rather sluggish M a rule. The Northern
Pacific group also displayed considerable
irInncss, especially late In the day,
though only the Oregon Navigation 60 npal y
made any rise. The drive was rcucw,d
after delivery hour with great force, and
while the grlugcrs were the principal sui
fcrcrs, everything On the list WIS affected
and the lowest figures were reached before
the close. The dividend on ~. Paul was Of.
lcrcd for / per cent In the board today with
out takers. The opening figure, were made
nj irregular changes from Saturdays closing
prices, and this irrcgularity was seen In the
early dealings almost until noon, and while
the trading was quiet In the usually active
shares. the low priced spccialtics became
more active aud most Of them strOngnnd did
not show signs ol weakening until toward .
T. IN. Denver a Rio Gmudc was q feature
ul the afternoons market aud with Hooking
Valley led the upward movement business
| became more active In the last
| hour, and the gnngcr- slumpcd oil
| quite rapidly, carrying the rest Of the
| list with them, even the spccialtcs giving
way under the pressure The close was
| quiet and weak, generally at the lowest
| prices reached. Most of the list show de-
! clincs tonight but with the exception of 81.
Paul, which il down ~ per cent, and
Northwestern, which lost ! per cent, the
losses are for fractional amounts only, while
Hooking Valley rose "a per cent, and Den
yer a Rio Grandc, both common and pre-.
fcrrcd, y per cent. The market was little
more active than the average Of last week.
The railroad bond market was quiet today.
Though there was me- special activity any
where In the lit the sales of all issues
reached ~ ,3Sh.OD. The total sales Of stocks
to-day were 2jj,2s7 shares. Closing quota.
tons.