The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-21

Sterling exchange active buiweak and I'M
settled at ALsIX for sixty day bills and
81. SIX for demand.
Government bonds were dull but firm.
State bonds were dull and without feature.
The stock market was much less active n
great deal unsettled today, and while strong
In the forenoon was weak later in the day,
and most Of the list this evening are loyer
than last evening A dispatch confirming
the story that the foreign stockholders Of ST.
Paul were 10 create a voting trust was pub
lished and j. $. Morgan Il Co. are namGd as
the trustees, but this, In the face OF the
heavy selling Of speculative stocks by for
eigncrs, did not help the market today TO
any great extent, and the decisions OF the
interstate commerce commissioners, with
the report Of q reduction Of wages on the
Chicago Burlington Il Quincy, and the eX-
pectatiOn Of another strike on that road,
were influences which overmntchcd the
good news, and the grangers were
especially weak throughout most Of the
day. Rock Island was sold down on n renewal
Of the rumors Of a reduction Of the dividend
NJ the next meeting. The Vanderbilts, how
ever were the strong feature of the day,
Michigan Central, Lake Shore and Canada
Southern and especially showing marked
strength even when the rest Of the list were
weak, There was again some talk OF an adj
vance in the dividends Of these roads, which
may have had stimulating effect upon pur-
Chascs. The cOalCrs and especially Lacka-
wanna displayed considerable weakness later
In the day when some pressure 10 sell was
noticed IN them. The market was much
less active this morning, and first prices
were generally from * 10 n per cent below
last nights figures with the grangcrs cX-
ccptonally lower. A slight decline was fol-
lowed by nm advance all along the line, led
by the grnngCrs aud NanlCrblt and accom-
panied by extreme activity in 81. Paul.
Hooking Valley was again the weak spot in
the list, though IL iluctuntcd widely and
finally closed within small fraction OF last
nights price. The advance in the list
was checked before II O'Clock, and
aitcr that time though the market
uctuntud rpidly the general tendency
was downward and after noon quite a sharp
decline occurred iu which a. Paul was again
the leader followed by all the active stocks,
The movement In Rock Island WIS the most
marked during the afternoon, but the de
cline met with no serious set back, aud the
market finally closed quiet aud weak nt
irregular change for the day The final
changes, with but few exceptions, are Ia the
direction ~ lower figures and st. Paul Is
down per cent, Norfolk a Western, pre-
| iurrcd, a.. Peoria, Decatur a. Evansville
~, Burlington s. Quincy Luckawana,
| Louisville a Nashville aud Missouri Pacific
/ per cent each. and others fractional
amount. The railroad bond market was
again dull, with but little feature Of interest
! aud small fluctuations. The Hooking Valley
| issues were quiet though weak. but their
changes were not specially important, and
while the tone II the dealings was again
| heavy, thc iiuu, changes are small 10 irrcg-
ul1r. and iur fractions only In most eases.
| The total sale, uf stocks today were iOl, lGl
| ahnrus. CLu.lmg nunlnliuns