The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-07
ny TRLau lAua


Nrw Youk Dee. Mooney on call easy
nt 2t,2is per uU, closed offered 10 per
cent Prime mercantile paper i'40bis per
cent Sterling exchange quiet but steady
at ASH for slNiy lay bills aud SLSs'. for
demand
Government and State bonds were dull
anl steady.
The uciion 81 the Missouri Pacific diroc.
tons. which became known generally after
ilc closc of tie board last evening, was the
mlin cause of complete change IN the
temper 81 the local SPECTATORS, aud today. n
market was in marked contrast Ia that of
yesterday, being strong almost throughout
the entire day. although thc greatest AL
vance was made in the afternoon when the
shorts ran tn cover very freely There wa
morc confidence all around displayed than
hn' been sen in weeks, and buying iur The
long account va. renewed alter long
interruption, the feeling iu favor ~ "a
higher range 90 values htcImIfr very
pronounced The rlriy London clhlrf came
higher nul ihe furUIsusu were purchaser
Ot tildr sIrlIaItIls iu H limited rhtsnf al.Iel
helped o. swell tlis volume Hl domofig buy
Ing Ilic news 81 ihr day uls FUuerilly 20
au encouraging CharruI. lud fhr IcYlrt
] which came tu o.. street late iu ths alter.
uuUu that thc ppr,.s ntAfIk,s - toe trunk
/ lines we're iL session. and au advance iu
mt- was expected o., o. result. with thc adj
I vice. g. m Chicago u the heavy gm move
mcnt ou the lines entering that city. gave
I an impulse a. the lu.iish feeling toward the
l C'1.c. The professional element rec. ted tie
advance f0f some time with considerable
/ Vigur, and the coal stocks were selected u.
l Tie point ui attack with the result Of max.
| Ing them comparatively weak throughout
the day. Reports ot secret cutting Of rate.
! aud Telegram from thiCiru stated that oil
| A. hus
flooded that city with bear dsImichc. un the
coalcrs 1hCsC sticks. however rallied With
| the r.st of thc lIst whenever the press
| uc against them was lifted. Missouri
| la lie aud Atrhisun. o. might hny,
br,n expected. VEN tbc leaders u
| the market but w,rr followed C.o.aiy by
New England iu which the huyiurof late hl.
been ven, marked The Gmnrrl- came ur vi
| Doe puiutuf strength and Burlington und II
Island. Northwestern aud n. Paul oil be-
came remarkably .irouH The trunk lin,
shnr. wrrr quiet aud quite sluggish, thpil
movements being made within cumpifa
lively narrow range, aud while the announce
mout that the Union and Northern Pacific
had adjusted their differences made thos,
stocks morc active 10 failed To stimulate an,
marked advance in them. several oi tl,
spccinltic- exhibited morc than usual
sirurth. nud Wheeling and Lake Erie ant
The market wa subject a. several reaction.
upon miis 10y the bean, but there WI.
quiet absorption hy thC leading OPERATOR
which developed o strong rcCupomtiYr power
in ihr lat uui Notwithstanding thc fact thai
the Pacific stocks were sold by the inIidrn
on the advance, the rise met with no rca
check The opening figures wen from to y,
percent above last nights prices but these q !,
urrs wvru mot maintained ~ a heavy onslaught
lac lao
~ a per cent in the early dealings. A raily
followed shortly however, aud the lussci
were quickly rcFuiuCd after the market hc
came quiet aud steady with firm under
tone until noon, when another attack hy IA,
hears upon the coslor marked prices of
Nationally. This interruption was also %
short duration, aud the Southwestern stock
came To the front IN earnest, followed b,
New In Gland aud lnckawannn. There wa
lull In the upward M Iycmcnt toward de
livery hour but the market was wcll'hcld
and toward the cnd Of the session price
again took n start aud rapidly advanced, th,
rise Ccnsing only with the close of bushes,
which was active aud decidedly strong nt th
highest prices Of the day The entire list q
materially higher, and Atchison rusc 8Ac
Missouri Pacific SIC, New England 2,lc
burlington 2Ac, Rock Island iA.c, 81 Pau
tAC, Louisville a Nashville ~ North
western aud Richmond 4 West Point cncl
Nc; Western Union aud Texas Pacific ~
each, aud Norfolk 4 Western preferred
per cent,
! Railroad bonds were still quiet aud uga
! failed to respond 10 the animation an
! strength In the share list, being quite hcay
In the forenoon. although they rallied lat,
In the day. There we're more marked NOV,
mcnts IN the list, however, but they ~
about equally divided between gains an
| lossea the market possessing no decide
. character nj amy time The sales ~ all issul