The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-07-26
BY TELEGRAPH.
Money. Bond. aud stocks.

NTw YoRK, July 2i.-Moncy on call easy
NJ imlh per cent; last loan I Der cent.
closed NJ iCtlH per cent Prime mercantile
paper, i6t6 per cent. Sterling exchange
quiet aud steady NJ NGh for siXty-day
bills aud ass, furdcmand
Government bonds wcrc dull and steady.
State bonds wcw dull and steady.
The stock market today WIS again modcr.
atcly active, but the advance rcciycd set.
back, which, however was slight IN every,
thing hut q few stocks. The disposition 10
fCaliyc was very pronounced this morning
and the sales II long stocks for the account
ui the local operators foot up very respect
able total. London. however was free
buyer taking ruund amounts u Reading
Eric, lake Shore Union Pacific, aud Louis.
VILE a Nashville, hut the buying was not
sufficient to stem the amount " stock Tor
| sale NJ the figures. Reading was the feature
of the day, aud once murc resumed it, old
| place NJ the head Of the procession, H. sale,
iur the day being considerably over one
| third NJ the entire amount traded In. lc.
| side the foreign purchases IN the stocks
/ there WIS heavy demand. sup.
/ posed to Ice from the insiders one
| Wcll.knuwn brukcr took ~ much
~ 500 shares aud the purchases
| ot several othcr reach up into the thou.
| sands. THIS demand served tn advance the
I
/ against the ircc Offering, later In the day.
| while the other coalcrs sympathIycd with u.
/ though no advances were made Chicago
/ WIS doing very little, though there was con.
siderable pressure upon 81 Paul aud IL
/ yielded readily while the other grnnrrrS
wcrc dull The delay In the negotiations IN
/ the Richmond 4 West Point, East Tcnncs.
scc, Norfolk a Western matter had the cf.
| feet ui restricting the tudugin the southern
i 4. 4 Al.
/ there was NO feature whatever, fluctuations
| being narrow and unimporlant The open.
/ ing was made with u firm tone the room
| continued moderately hullish IN temper. and
| irst prices were generally FROM t.dA per
| cent better than last nights liz.
ur,s. Weakness developed Immediate.
/ ~ however, with Reading in the
lead IN the transactions but u ~,
manned firm while declines ranging M tn
| = per cent We're established IN the general
| list Ia the irt iorty.hyc minutes The
| market improved Va tone after that time.
/ but with the exception Of Lake shore and
| Fort Worth a Denver the latter IT which
shot up ~ per cent, the movements were
entirely insignificant and the animation dis
| appeared irpm the list The decline VA,
then resumed though lapkauanna led 4
slight reaction during the afternoon. The
weakness was increased IN the last hour and
the close was active and weak nj or near a.,
lowest prices. The active list T. almost in
yariahly lower this evening, but the unly
important declines were Sc laul and Rich
mund aud West Point preferred
The railroad bond market was morr active
today, though the increased business wa,
entirely due a. the unusual animation In I
few Issues aud the Kansas a Texas ~ fur
nishcd tlW 90, Fort Worth A Denver lists
siss,00. Green Nay incomes, SiSl. coo. Read
ing general A. SlSp,upn, and Texas paciH,
2ls, $4,000, out of a total days business o
t2,uidtuD.
one broker sold tioo, goo Of Reading e. on