The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-18
BY TELEGRAPH.
Money, Bond. aud stocks.

NTW lOHk, July lE-Moncy on can easy
nj iGJlis per cent, last loan, Ia per cent?
closed offered at | "a recent. Prime mercan-
tile PAPER ICg6 per cent sterling ex-
change quiet but steady and unchanged.
Government Bonds were dull aud steady.
State bonds were dull and icaturclcss.
The stock market today except In n few
special stocks, made no progress today In
either direction of importance, though n
| fractional decline In the early trading was
| followed by full recovery. The market
| then subsidized into the dull and listlcs- state
/ ~ prevalent short time ago, and developed
no further feature for the remainder OF the
| day. There was. however, q renewal OF the
buying toward the close which lifted prices
above the level ~ the forenoon. The traders
expected further decline this morning In
which London selling was 10 figure largely,
but the feeling abroad had been strength
cncd 10y rumura that the Iowa case
| hud been decided In favor 81 the
| railroads aud London prices came higher,
| this morning and the foreigners were
| buyers II their spccialtics. The attack was
made upnn the list, however, aud for n short
time some impression was made upon
| prices. though In no case did Il exceed q ffac-
lion. The domestic buying was good aud
PHILADELPHIA Il credited with taking n line
oi the Willard stock. which was marked
feature of the days operations, and u is said
that the buying II connected with contest
! for control at the next annual meeting be.
tween the Wright aud Willard factions. Tho
announcement that the East Tennessee di
rcctnrs would declare q dividend ON the first
preferred stock stimulated the buying In
Richmond n West Point aud the pre-.
frrrcd was the special feature II the day,
advancing steadily throughout, and Its un.
usual strength had good effect upon the
other southern properties, all Of which were
comparatively active ARMSTRONG Louisville
was freely taken for London account and
shows material gain this evening. The
coal stocks, outside II Reading. were very
quiet, hut Jersey Central spurtcd upon the
advances In the prices vt coal aud trunk
| line stocks were lcntur,lcss throughout Til,
news " the day was generally Of favorable
r nature, the reports from the CROWNS
/ crops the disposition shown by th'
. | trunk lines 10 discontinue the hgh
!, On rates aud the reported progress toward I
D settlement IT the Burlington A Quincy mat
ter. all helping ON the general bullish feel
!. Ing Tho trst sales we're made NJ advance
y over last nights closing prices " from to
I. pcr cent generally, while Louisville 4 Nash
,. willie WIS exceptional with n gain oi pc
cent The traders. however, forced price
r. on in the early trading frun y 10 a ~
"A | cent, but the buying was tuu strong a.
i. | them and before the end " the hour most d
the LOSSES Wcrr rvgtinCd, and ny noon, whc
the market hecuuu dull and tcaturvlsss, Va
r. majority " the list showed advances
4 period " dullncss and staFnaiiun followc,
NJ but In the last hour thcrc was renewed bu,
e.. inr chiefly ~ cover aud the best prices
"a tie day wcw r,arhci. The close Wns quic
but firm to string. nj about the highest N
II. urvs Tho active list u invariably high'
III ! this evening though most ot the gains nj
for small fractions only, though Wchmon
% | 4 West Point preferred russ 81 Per cen
The uilrcad bonds wcv murc quiet toda
AMI the only notable animation WIS IN IcNl
Pacific ISSUES. the seconds furnishing tAn
~ 60 nnd The hrsis $4,000. ont ol . total bu
+" inv,s II tt.ui,Ul The total sales II stOc
tokny we're 2i1,iOs shaUs. Closing quot
- l tons