The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-26
BY TELEGRAPH.
Mnnn,. nnn,l, nnd sincL..

NV YonK. Dee 9i-Muncy ON call WAS
easy ut 8m5 per cent Last loan 4; closed.
offered at T. Prime mercantile paper 5ts
%. Sterling exchange quiet but steady ut
Slsih for siNty-day bills, and SISSY for
demand.
Government bonds were fairly active aud
firm. State bonds were duh aud steady.
The stock market today gave further signs
II broadening, aud commission people had
moro buying Orders than NJ any time during
the continuance ~ the present rise, while
the selling was principally from traders
taken profits, the short operations being re-
duccd almost & minimum, There was
steady aud healthy rise throughout the en-
tire dny. no boom being apparent, but the
bidding was NJ the best character, while the
feeling WIS Ut unusual huoyancy and the linz
pruycmcnt is well. NJ the business tone was
remarkably Ncll distributed. The coal
stocks aud the Changers, ~ usu i Of late,
we're the leaders, both in point of activity
aud strength. hat they monopuizcd lcs. At
tcniion lban they have for the past two weeks
nndthC tmlingin the usually inactive list WIS
specially heavy, while the numl or Of shares
iudcd la was larger than on amy day Tor
long time. The coal stock. started OF with
q boom. and their prices were rapidly rushed
zap from o. %, per cent, bat other stocks
suun came IN Tor shnu OF the improvement
aud tho Gmng r, Missouri, and even the
trunk lines became prominent Tor the all
yauccs made. There was very good bust
ness In Erie aud Lake Shore aud they were
both strong throughout the day. Northern
pncihc became nciiVc toward noon, when
the Gould stocks MISC huWCd more animation
than usual and Oh were in good demand.
The bears were quiet today aud did little cN.
ccpt covering FEW shorts. bat that Kind 81
operations were nutn factor in the course ~
prices. and the bulls had things almost ca.
iircly IN their own hands The opening
prices were from y a. a pcr cent above
| those vi saturday evening aud the market
became very active immediately while the
| up ward movement became very pronounced,
| especially in thc Cuil stocks under the lead
| uG iaCkaWluna. There was slight lull In
| thc market, bat toward noon the activity
| and strength npiin appeared, and Missouri
parinc aud the Northern Pacific took the
| lead and 10y ~ O'Clock prices wcW from
| to per cent. above thnsr II the opening.
less animation was noticed in the afternoon,
aud no gains were mndc except in l.n,ka.
| wanna aud Erie, which then became prumi-
| ncnt hut toward o'clock the general list
again moved forward, aud In the last hour
another general advance took place, In which
the highest figures ~ the day were reached
IN most Of the list. Tie market
closed active aud strong ut the best
! prices The advances were large aud
Atchisun aud burlington pct cent each.
81 Paul aud New England. ~. Lake shore.
omaha and San Francisco preferred a, each.
tacknNAuna, ~, Missouri Pacific, ~. bel.
aware a Hudson, Northern Pacific preferred.
and Pacific Mail = each. Louisyillc6 Nash
willie and Western Union, ~. raclu Ere aud
Oregon Imuscuntincujal - each, and Read.
Ing Chicago Gas and Union Pacific Ter
cent. each. fur the first time In many
weeks the huuyuncy and animation in
the share list was communicated a. the
dealings In railroad bonds. aud very de-.
cidcd character was shown 10y the market.
| prices rusc all around and the sales of MI
ISSUES reached si,OWuOp for the day while
the Reading ISSUES became prominent fur nc.
uyity and the 6rl incomes contributed
siGs.u'n aud the seconds iuSup1 to the grand
to;nl. The total sales of stocks to-day were
a72. ~ shares
Closing quotations