The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-12
By TELEGRAPH.


NEw NonK, Dec. II Money ON call easy
nj "a ~ per cent: last loan. ~. closed nj
-. Prime mercantile paper latmGis per
cent Sterling exchange dull but firm, and
unchanged.
Government bonds duh aud steady. state
bonds entirely neglected.
The stock market Wnslnu,h lgw active Ia.
dny but q better tone prevailed. aud not.
withslindng several drawbacks the list h
generally hifhcr this evening. The favor.
able nlyiCCs from London la regard to the
settlements there had good ELECT aud the
foreigners were buyers uf stocks here this
morning which encouraged purchasers iur
local account aud The entire list shared IN
the resulting Improvements Aficr the hr.t
demand hid been satisfied there va, an at
tempt by the brars "a again dCpn,,s
the list. the stocks chosen Tor the purpose
being Rock Island aud Missouri Pacific. which
have been the Instruments II similar raids Tor
some time back. hut while considerable i'm.
preston WIS made upon the list. the drive
Jailed ~ H. object Delaware 4 Hudson
became feature oi the dcalinrs. and sud
denly shot up three points from IT, last
| n ght- prices Many rumors were circulated
g. account tot the advance. The most gen.
orally believed. however wcrc that some
large shorts had Coycrd. while the fact that
"a stock dividend was expected by many be-
cause NJ the application ~ the surplus
earnings Ia the retirement ui bonds for
which stock b. To hc issued at - Per cent
bad somc effect, and rum,r of buying Tor
influential Investors gained some cfrdcncr.
| This movement was uf marked effect upon
| the list and wus aitrrwurd followed ~ q
squirt In The Richmond 4 uauyillc aud the
Richmond & West Point officials would soon
be- announced The Gnurcrs were freely
sold on thr fpssh cuts iu passenger rates iu
the WCt aud Nuyk island was the weak
spot Zoo the li.l ilr some time There Wcrr
some si,iunuH taken iurcNpurt iudny but the
improved icrliHg over The situation in London
prevented this tact lrum having marked
Influence upon thv CuuiHc ul prices tuday.
New England WIS very strong ut one time,
bat all ul 10. advance Nas lot on sales Tor
. Boston account when 10 hruamv known that
thV old ticket wus suc. Cssiul ut the election
today ihr opening ugup- showed uds
NnnUvs over lntt evenings prices. extending
| y pr cent thi- morning bat the lists
Weakened Immediately under ntt H. on
/ Huck Island and Missouri inrihr. both Ut
which nrtirrd over point liui thr rcruy.
I cry was sharp and everything was carried
above hnt hgupr cxrrpt the prominent
siurk-, aud Delaware a Hudson early came
into notice bN It, sudden rise. Thorc Wa
considerable tCNVfIshuUss shown. hut thv
puvml DRIFT continued tOvaui higher ok.
/ ufys. will Jersey Genital aud late Richmond
n West lulut Htufka the tprctul features.
| After Delaware 4 Hudson reacted. how.
cyyr thrw was general s1rIiuF ~
| prices and in the llst hour New
| England developed marked wraktess
| Tie close, however Wa quiet aud fairly
| steady. generally 40 but slight fractions frim
| The uptuinr prrva. The Trading was con.
| hnCi more Than usual ut lat' 10 few oi yhc
/ leading stocks The drplinra among the
] active stocks tbs evening ate few and unim
/ puriant, while DELAWARE a Hudson ru.c .
| per cent, Richmond 4 West Point preferred
? Manitoba ~ lhgkaNanua 1 AMI jersey
/ Genital Ter cent tn, trading Ia railroad
bonds was even lUss Interesting than usual uf
late, aud the only feature ~ tho day was the
animation iu the Richmond 4 Wet Point
| Trust a., which contributed fiin.up ~ the
| days total ~ t51luOn The tome 1T the
dcalings was generally steady 10 nfm. aud
while The final changes hic in most instances
/ in the direction of higher hrurrs they are
Tor slight fractions only except ina few H..
/ sues
The total sales of stocks today were gls,7i2
shares. Closing quotations
| nuNuA
| US q Ug.iN M,k&T Frn.a N
| a. X q. cnnpuns tg.i. Mutual rnian =. "a
7