The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-08

strong and showed throughout firm I'M
dertone. The temper Of the room was mod
erately bullish, but the list had considerable
realizatioDs by the trading element as well
as by London, and soma hammering OF
specialtles, among which Rock Island was
most conspicuous to contend WITH though
the disposition 10 regard the railroad situa-
ton as improving, aud the bullish kilograms
from Chicago gave confident tone TO the
business. The advance in rates for money
on the other side Of the water caused some
selling for London account, and this caused
much disappointment 10 the bulls and was
the occasion Of n sharp setback in the early
trading. The inexplicable drop in Rock
Island was also heavy blow TO the strength
OF the list, but the traders endeayors to cut
the market out from under the sellers OF
long stock whenever they, think they dis
cover anything of the kind. The announce
ment OF the official advance in West bound
rates was not made until just before the
close OF the business, and was the
effect OF again stillening the prices when
there was n tendency TO droop. The coal
stocks were the strongest stocks today, ex-
| cept in the Lackawanna; there was almost
nothing doing In them. They all closed with
marked gains, however, which seemed TO be
only the reaction from the late depression,
rs there was nothing new in the situation.
| New England and Missouri Pacific were
| both exceptionally strong at times, but both
were also very weak by spells, being singled
out by the bears for effect upon the rest OF
the list, and their main changes are for
small fractions only. Rock Island was the
only one OF the grangcrs showing any
| marked weakness, but most OF It's decline
was uftcrward recovered, and its final loss is
fraction only. Cotton Oil was again n
prominent feature in the market, and was
exceptionally strong, even when the regular
| list was dropping, and IL closed with an adj
vance Of over per cent The opening fig
urcs were rather heavy, but firm tone de-
vcloped Immediately, and fractional gains
were scored in the first few minutes. A
| shaip attack upon Rock Island and Missouri
Pacific, however, brought the list down
again, but before noon all the decline had
been icgaincd, Missouri Pacific shooting up
per cent. In q very short time. The best
| prices were generally reached toward noon,
after which there WIS less animation and n
sagging tendency, which slowly wiped out
most Of the Improvement and n decided
advance In Eric changed the course of
the prices. The final impetus was
| given In the last few minutes by the an
nouncement of the advance in West bound
rates, aud the market closed quiet but
strong, generally at something under the best
| figures. There are few declines tonight,
! but none Is for more than q fraction, while
San Francisco, preferred, Is =, Lnckawanna
! ~, Jersey Central ~, Eric and Omaha
| per cent. each.
There was an increased business In rail.
rod bonds today, the sales Of nll issues
reaching sl,2i2,0J0, but there was no special
activity, and the list was devoid Of a feature
Of particular interest The tone Of the deal
ings was In close sympathy with that OF the
| share list, being fcycrish and unsettled,
though there were no marked movements ~
IN the latter. Lamentations were still con-
fined 90 small fractions, the exceptions being
few Ia number. Final figures, however, gen
orally show advances.
The total sales OF stocks today were 3)3,
I3U Shares. Closing quotations.