The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-04
Monry, Doud. aud stoc,ts.

NEw IuEK. Dec. 3.-Moncy on call easy
at "a to per cent; closed offered nt per
cent PRIME mercantile paper $685.
per ccut Sterling exchange quiet but steady
at ASK for iXty-day bills aud SLsSi. for
demand. Government bonds were dali and
steady. State bond, were duh and steady.
The stock market was more active today
thuu u has been for many weeks, but 10 Wa
weak, icyerish ana declined throughout most
Of the day. Notwithstanding the improved
outlook in the trunk line situation a. well
~ that OF the Southwestern roads, thcrr
were several disquiciing rumors ol the in
toniion oi some oi the roads not 10 sign the
agreements, aud there was general bcaTish
tone to the street this morning London
was a seller, and the impression that there
would hc disaster went ON the question VI
| the diCrvntlils was studiously fOstcrcd by
| the bears, who put out large lines Of
| stocks. There was heavy decline In
AtchisOn both here aud in Boston aud this
wns supplemented by rumors Of financial
troubles Ia the latter inter. although there
wAs nothing definite obtained upon the sub
jccl throughout the day. The rumors were
pgr,istcntly circulated aud had q marked
influence upon tie temper OF the sptcula.
ton Missouri Pacific, New EIgipnl. the
grangCn, Lake Slorc and Mcst,n Union
were Leaders IN the decline 40 lirst, but Rock
Island later joined the weak stocks aud III
declines established reached - per cent the
mnrkci, especially In the trst hour, having
IA pancay appearance, the business done
was very large. Later however, the roports
In frgaId b. thc railroad troubles were more
satisfactory aud the heavy selling was
che, kcd though the rallies were slight aud
feeble, the principal eject being 10 restrict
| the trailing 10 narrower limits. The
sirung spOt IN the market was the
Northern Pacific group and Oregon
| TmnsCOntlnonial was the only stock upun
tho active lit which showed an advance ut
tho close OF business. The opening figures
were fcncrally from :. 90 = per cent lower
than those OF saturdays Gloss. aud the mar
kct became very active Immediately and the
weakness very pronounced. Loses were
sustained over the entire list, aud especially
| in the first forty i've minute. when there
was a decrease In the animation aud the
| losses bcrimc les. The lowest prices were
| gradually reached toward O'Clock. aud alter
that there were several rallies aud dcclincs.
the market moving up and down within
| comparatively nniWW limits. Theru Wa
! little feature a. the trading. and the market
finally closed 'airly active and about steady
a. something better than the Lowest prices
| Principal LOSSES were. Atchisun, ~. New
| England, -. Missouri Pacific. ~: Rock
| Island, as burlington a Quincy "a; 81
lhul ~ NirhNcstcrn, -. Lake shore
and Richmond a West Point, $ Der cent
Railroad bonds sympathizcl Ia limited
| extent with the movements iu the share list
being rather heavy in thc forenoon. but
| frmcr later w the day There was no de
cidcd character 10 the market, however.
aud the important changes Ia quotations arc
/ fCw in number There was some animation
Ia the Richmond A West Point trust skies.
aud thcy furnished iul 80 10 tnc day total
OF l,iM,w1 but no other special lcatdIe
was developed
The total sales 81 stocks today were alo. .
90 shares. Closing quotations