The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-15
BY TELEGRAPH.


Nav NoRK. Sept H.-Moncy on call easy
nj isCt2 per cent, closing offered ut ~
per cent. Prime mercantile paper 5W6H
per cent Sterling exchange quiet but firm
at ISiA for sixty day bills and si.aeA for
demand.
Government bonds were dull hut strong.
State bonds were entirely neglected.
The stock market today was moro active,
but again weak, with the pressure still upon
the grungprs though the coal stocks were
attached and carried the entire list with
them. A rally before the close, however,
brought the list up again, and the final
changes are irregular, though generally la
the direction ~ the lower figures. London
WIS u buyer this morning, especially ui ~.
Paul, but the pressure Of both long anu
short stock from domestic sources was 80
great that the effect upon prices was but
temporary. The grungcr naturally came In
for The greatest share of selling and the
short interest IN those stocks was
very largely increased 10y the operations Of
the morning. especially the luaning on the
81. Paul being ~ Sl.32 per diem Tor the use
of stock. The general lisi, while responding
Ia the weakness displayed Ia these stocks
betrayed marked disposition "a break
away from their influence and the iluctua
tiuns in most ~ the lit were for fractions,
aud their movements were slow After the sell
ing movement had exhausted itself there Wa
n feeble rally but the coal stocks then he
came the features aud u heavy liquidating
was soon Joe progress, luCknwauna x Reading
once more becoming the leaders ~ the mar
kct IN point ~ activity, and their prices fell
OF rapidly keeping pace with even ~. Paul.
The movement also extended Ia some other
shares aud Lake shore, Northern Pacific pre-
tcrrcd, ami some ut the spccalucs wctC
| affected The dealings were very heavy, ard
| large blocks changed hands among The lead.
| ing shares. while the low priced stocks Wcrc
| uuirtcr than usual for some time back. The
| only notable movements In those stocks were
| d,clinUg Toe 49, Paul n Duluth and Ihcsa-
! peakc q Ohio. The majority 1T the list
inilod to get much below the lowest figures
NJ ycsterliy. and irmcr tone prevailed
throughout the day, though the rallies, "a.
cent in the last hour were feeble The de.
mand from the Foreigners served Ia make u
strong opening aud the advances over last
nights prices ranged up ~ y per cent, hut
| the list sold Oh Immediately with the gran.
gers aud New England ~ the leaders. III,
| decline was accompanied 10y great nnimn
| ton. but upon H. elimination the market
became comparatively quiet and fractional
rcnycrics ,usu'd The pressure was soon
| resumed however aul Che Cuilcrs JOINED
the procession. aud with the exception o
| slight pnusrs nc different times the down
warl movement was not checked until to
warl ? O'Clock pm. 4 period II hesitation
followed, but in the last hour thcw was d
marked buying movement, principally from
the shorts. and lnrknwanna leading material
| gains over the lowest figures were cstnh
| lishcd over the list. The market finally
closed active and strong at irregular changes
nt last evenings prices, though decline
wcrr ln n majority. There wcw a few nj
yanccs today the most marked bying ? pc
| cent In Hooking Valley, but st. Paul los
-. per cent, the preferred pcr cent, an,
| Northwestern I a. per cent while the lu-sc
IN thc oualcrs wcrc confined 10 small imC
| tiuns.
The railroad bond market was IN mnrkcD
| contrast a. the share list TODAY, hriug dul
and without character. all the Interest seem
| iugly having hcca transferred to the latter
The dealings amounted 10 only sN,1uH
while there was no animation anywhere II
the list
The total sales ~ stocks today wcrc 5i3,
go sharus Closing quotations