The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-14
BY TELEGRAPH.
Monc,. IonI. mud siocks.

NEw NoRR, July l3-Moncy on call easy
at ialis per cent. Prime mercantile paper,
500 per cent. Sterling exchange quiet but
steady at i.s7 for sixty day bills aud Lssh
for demand.
Government bonds were dull and steady.
State bonds were dull aud icaturclcss
The stock market was both more active
and stronger to-day than ON any previous day
for some weeks, aud the result Of the day =
operations IL Ia leave the active list, almost
without exception, materially higher than
last evenings figures. The reaction yostcr
day led 10 the general expectation among
the traders Of a continuance Of the down.
ward movement today on the theory that
the advance had eliminated aud rcaliEatiuns
were IN order Hut they had mlscalculated
the extent II the bullish sentiment aud the
number IT new buyers In the market, W that
after some attempts 10 hammer the list down
q covering movement II large proportions
oct In before noon. London lad large
number of buying orders ut the opening
which gave the market most Of its early
strength. but the feature Of the days trad.
Ing was the buying by commission people
Who have been idle ~ long. 81 Paul was
the center of attraction TODAY, aud the up.
wari movement In II was early started by
the calling In Of 1900 shaps Of loaned
stock Tor shipment abroad: but Chicago wa
also a buyer, aud the reports cmanating
frum that source were hullish In the extreme
aud the shorts followed which ran the total
transat tons in this stock Ia u higher figure
aud placed u in the lead oi advance. New
England was another strong card, aud the ru.
mors Vt its purchase by the Vanderbilt. were
frr,ly circulated, though they were aficrwnri
denied, aud the improvement in u was at.
tnhutcd to Buston account, The favorable
appearance uf the trunk line matter stimu.
Iufsl Nft fh4aN afsHFNa uUI fIT Van
dctbili-, which sold cN dividend today, about
recovered the dividend about the close. Tie
side advances Ia the general list we're several
sharp movements among the Inactive stocks.
aud Manitoba Chicago, 81 Louis 4 Fits.
huw preferred aud Urvrn Hay NCrc specially
prominent All weakness. seemed to have
| disappeared from the market NJ the opening
~ raul aud New England started OF with
| the lead, and before the cud IT the first hour
both had advanced over point The actiy'
/ ~ underwent some reduction, but the
/ strong tone continued. aud Lake shore aud
| larknNanun In turn came 10 the front, aud
latcf the spccialuvs and Pacific Mail became
prominent There was n slight reaction IN
/ the last hour aud San Francisco preferred
/ which was the only really weak spot de,
clincd ~. per cent, but the H., soon rallied
| again aud the market finally closed quiet
/ but strong NJ the best prices VI the day Ey
/ rfythiug h higher aud ~, Paul ruse ~
prcicrvd ~, Manitoba ?, Pacific Mail
/ Northwestern aud Rock Island | : each
New England I X, lackawannn, Missouri Pa
/ cihc aud Reading a.. each. Louisville 4
/ Nashville ~. aud the othcu fractional
amounts. The railroad bond market wa
/ quiciuf to-day and comparatively devoid 81
feature, hut ~ the strung tone marked th'
holdings aud must of the list are higher thu
evening, though few bonds show materia
declines. The business done amounted 4,
81 ,Hy5, Ooo aud u was very evenly distributed
among the issues traded Ia The total salr
II si0rks today were Ap,uss sharcs CLOSING
quotations.