The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-16
BY TELEGRAPH.
Money, Hands nnd S,ocks,

NTw NoRK, Nov l5.-Moncy on call easy
nt ~ 10 9 per cent; last loan 2, closed
at lls@2. Prime mercantile paper iAMG4
Sterling exchange dull but steady at $lsi u
for sixty day bills and si.S7A for demand.
Government bonds were dull but firm to
strong. state bonds were dull and firm.
The stock market was less active today,
and the speculation was confined more than
usually 10 few stocks, aud willie tue adj
vance Of the past few days was continued la
the forenoon, the advantage was lost toward
the close, leaving the great majority OF the
list fmctionnlly lower than last evening
The news OF the day was generally ~ nn en-.
uuuuging character although there was
nothing definite In regard 10 the progress
made IN fixing up the several railroad dis.
putcs now IN process IT adjustment The
stock, however was disposed 10 take fay-
ornhle view of the situation, anu the general
feeling was bullish. outside OF the profcs.
SIGNALS there were little doing, and the move
mcnts in the general list were for the most
part without special significance, and the
more prominent shares gave evidence 81 the
manipulation which was responsible for
their larger fluctuations.
The feature Of the dny was New England,
the movement In which was still uneN.
planned, but 10 moved more In unison with
the rest Of the list today than for a week
past while exhibiting marked strength.
Next IN point VI interest cnine Cotton oil,
which was very active, but lost n large por.
ton of H. advance oi the mast few days, the
pressure upon u being very marked from
the opening To the close. The proceedings
against the Sugar Trust may have hal some
thing To do with the change In IT, temper.
but the sclling seemed 10 be general. Lake
Shore was again weak, and with Michigan
Central, Missouri Pacific and Norfolk a
Western preferred. showed the largest losses
in the active stocks. Terminal preferred
aud larkawanna were very strong In the
early dealings but gave away later, and the
general list showed no further feature OF
note. The opening prices wcrc heavy at
small fractions below the closing figures Of
the last evening, though New England wns
exceptional, with gain Of = per cent. The
WIS an inclination 20 weakness In
tho early dealings, but the tone Of
the market soon changed and prices
under the lead Of New England quickly
moved up aud were maintained during most
of the day nt small fractions above the open
ing figures. No feature Of importance
marked the trading until we'll into the after.
noun, when Cotton oil gave way aud the
regular list followed slowly, aud hy ? o'clock
pm. most II the list had been brought
down again Ia the level II the opening tx.
uws. There was moro pressure upon the
list Ia the last hour, aud everything traded
Ia was depressed the close being fairly act
i've ~ the lowest prices Of the day. The en-.
tire active list, with hut few unimportant
exceptions, Is lower, though the declines nrc
confined "a fractional amounts only.
The railroad bond market was duh, sales
of all issues ag;rcgaiing only SUI. 900 for the
dny, and no feature whatever marked the
limited dealings. The total sales of stock,
to-day were 2lI,S50 shares. Closing quota
lions.