The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-02
BY TELEGRAPH.
Money. Bonds ana stocks.

NEW YoRK, Oct money on cali easy at
26g7 per cent; last loans closed Offered ut
per cent. Prime mercantile paper iA@7
per cent Sterling exchange quiet but
steady at S4.S3h for sixty day bills and
81 S7lS for demand.
Government bonds were dull but firm
State bonds were duh and without feature.
With the exception Of one day last week,
todays stock market was more active than
any for some months, and prices advanced
steadily, though slowly, during most OF the
day. There was rampant bullish feeling
among the local operators and the room
traders, and this served 10 rally the list on
several occasions when tho realizations,
which assumed large proportions, would
have brought about reaction. The broad
ening tendency Of the market was very APP
parent and the dealings extended today TO
many stocks which have lain dormant for a
long time, and the number of stocks
| dealt in during the day was
something Unprecedented. The news Of
the day was almost invariably favorable, the
aydiccs from the west especially having "a
tendency b. affect values layorably. There
| was an attempt TO make some capital out Of
| the quarterly settlements, aud money late
in the afternoon was bid up TO per cent
| for II short time, but it closed offered at 2 per
cent, after ruling easy throughout There
| were several special movements in the list,
| the southern stocks showing marked
strength at times while Wheeling q Lake
| Erie, Jersey Central, Chicago East Illinois
preferred aud Wabash preferred rose sharply
| at different times. The Gould stocks were
all buOyRnt aud reports circulated in the
room that Mr.. Gould was again taking a
hand in the speculation, had considerable
| influence. New England was again a feature,
but II was sluggish during the forenoon and
| slgycd somewhat, its final change being in
| significant The Changers and coalcrs, with the
exception Of st. Paul Il Reading, were quiet,
| but they displayed firm tone, with small
movements for the day, The market opened
active aud strong. with advances extending
| 10 u per cent, and while the list was fever
| ish and excited In the early trading, IL was
generally strong, and big four, Louisville n
| Nashville, Reading a LICkawanna made
| marked gains There was a decrease In the
| amount Of business done, the animation
continuing To TALL away until the last hour,
| aud the market iluCtuatcd within narrow
| Limits except for Wabash preferred, Jersey
Central and WheolingN Lake Erie preferred,
which made advances Tor more than point.
| The final dealings were devoid Of special
feature, and the close was active and strong
aud the best prices reached. The final
changes were, but with few exceptions, In the
| direction Of higher prices, though the ma
| jority were for fractions only, gain Of lhc
In Chicago a East Illinois preferred, and
per cent In Reading being the only marked
| advance.
The bond market was very active today
and even stronger than the share list and
the features Of the dealings were the Chesa-
pcake a Ohio currency certificate, the st.
| Louis, Arkansas 4 Texas seconds, the Read
| ing second incomes aud the Ohio southern
| incomes, which contributed sG6t 100, 500,
go, $4,000 aud tiO7, 900 respectively TO the
! days total Of -, 35l ,OOO and the first named
bonds were especially strong aud rose nearly
3 per cent, while the st. Louis, Arkansas 4
Texas bonds, after gain 81 ? FER cent, re-
acted and lost the entire gain.
The total sales Of stocks today were 500, 3l6
shares. Closing quotations.