The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-24
By TELEGRAPH.
Money, stocks and Bonds.

NEW YoRK, Nov. 23.-Money on call easy
at 2@3 per cent, last loan 2 closed
at 2. Prime mercantile paper 1905
Sterling exchange quiet but steady at $3.50
for sixty day bills, A.S5H FOR demand.
Government bonds were dull but firm.
State bonds were entirely neglected.
The stock market today was only fairly
active but feverish and weak in the forenoon,
and the lowest prices of the week were gen
orally reached but IL raHied handsomely
later in tho day, and the forenoons losses
were recovered with something additional
The feeling was generally bcarish this morn
ing, and the business was almost entirely
professional but the market gave evidences
OF being heavily oversold and while the
further orders of gold for export and the re-
port Of heavy failure in Boston was made
the OCCASION OF another vigorous raid upon
values, the tone was unsettled and icyerish.
New England and Union Pacific were the
special objects Of attack and the rest Of the
list followed, prices steadily declining until
afternoon, when the great majority Of the list
were selling ut the lowest prices seen this
week. At this iuncture Northwestern an
nOunced the declaration of the regular
dividends, and that was a signal for rush
TO cover rs well as for more cJniidcntbuyi
for the long account. The amount of bust
ness done underwent n marked increase in
all the departments Of the list, and rise
began which ceased only with the close Of
business, the list having toward the close OF
business shown buUyant tone. The ent 10
list shared in the improvement, but the
grangers, Missouri Pacific and the Wander
bits were most conspicuous for strength.
Other influences gave added impetus TO the
advance, and the street was inclined TO take
favorable view Of the trunk line situa-
ton rs well rs that on the southwest, and
the stock most directly concerned were the
largest gamers. The opening figures were
| somewhat irregular, but were generally lower
| than last evenings prices. The market was
quiet, with the inactivity almost entirely
| confined to half a dozen stocks, and, while
| prices were well held for a short time, the
bears soon began their operations and cotton
oil and the grnngcrs led oil Toward noon,
| however, New Il igland assumed the lead
and II dropped ABOUT "a per cent, with the
rest Of the list following The decline was
checked soon after noon when the Northwest
| dividends were announced and prices re-
bounded sharply, Missouri Pacific, lacka-
wanna, New England, Union Pacific and
Northwestern, all being especially conspicC-
Gus for str myth. The market became some
what less active toward . O'Clock, but the
advance made steady progress aud the mar
| kct finally closed active and strong at the
best prices of the day. There are u few frac'
tiunal declines this evening, the most im.
portant being New England with = poi
cent, but the majority ol the lit are higher
and Missouri Puciciic, Canada southern and
Omaha preferred rose / - each Northwestern
and Michigan Central per cent each, and
the others fractions.
The railroad bond market was again quiet
today, the slles II all issues reaching ~ ,l0D'
OOn, but Erie seconds were again active and
contributed $4,000, aud Reading second
incomes $4,000 10 the total amount tn,
market was rather heavy, but the changes
IN quotations were irregular, with ma
iurity of declines, aud. beyond the activity
la the issues mentioned, the trading WIS de
void Of special features.
The total sales of stocks today were ioj, 05C
! shares Closing uuotntiOUs.