The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-13

Nw Norg. Nov i2.-Money ON call easy
nt 10 "a per cent. last loan p closed Of
Tered NJ .. Prime mercantile paper a. 100
80. sterling exchange dull but steady az
| tiNlls Tor sixty DAY bills aud sioil4 FOR dc
/ uiund.
Government bonds wcru dull but firm.
State bonds were quiet but steady Ia firm.
The stock market was moro active than
last week, hui Il was weak and declining
almost the cuiirc day, prices at the Close
being materially lover all over the list
London came lower this morning aud was q
seller in the forenoon but the bright bust
mess outlook caused a generally confident
bGllish feeling upon the street. aud on a
moderate business some slight advances
Wcrr made during the forenoon, although
the mnrkc, had nn unsettled aud somewhat
icycrish tone the traders aud bears continu.
ing a. scll the list There were rumors aud
ndyr.s II rate troubles IN the Northwest,
hut these had but little effect until toward
noon Il was announced that the Wander.
bilt tuads had made q serious cut IN west
bound rates which was quickly followed by
all the other trunk lines aud the operators
tuf a decline were not slow a. make use uf
the opportunity thus offered for effective
hnnmcring IT the entire list In the de.
clincs which followed the trunk lines were
naturally tho heaviest sufferers, but doubt
WIS thrown upon the intentions of the
Southwestern roads to make an agreement
a. advance rates aud they Joined the down.
ward movement The coal stocks also were
weak, though not ~ prominent a. the above
mentioned shares. A few spcCinltics were
very strong. however and cotton Oh and
Chicago cas- trusts, with Tennessee Coal
Oregon Short Line aud Milwaukee, Lake
Shorr a Western were all morr active than
usual ui late aud all scored handsome gains
during the day.
There WIS but little news " character 10
affect values beyond that mentioned aboyc.
but the decline once started lid not cease
until the clusc0f business. The market was
dull but weak nc the opening. the declines
irum Saiurlay's dual figures extending 10
| y, per cent. but the substantial support
| given the list resulted in fractional advances
Wcr established al over the list with Cot.
| ton OH aud Tennessee Coal the special feat.
urvs, which wCrv nlctvurl ininci hy Oregon
/ Short line. The business done became
smaller but the improvement lasted
/ throughout the forenoon the beet price, oi
/ the day being Uarhrd generally 1T about
, that time The decline then brlnn and the
market showed murc animation. ihc trunk
/ lines leading ~. hut the weakness soon
spread o. Tie ret ~ the list and continued
/ without n sot.ha,s for the remainder oi the
/ day. The close was fairly active aud weak
at The lowest price uf the day. The list u
/ Invariably lower this evening and Aichiaun.
~ Paul and Louisville \ Nashville lost ~
/ per cent each, Missouri Pacific ~, lake
Shorc =, Canada Southern pCr cent, aud
the Othyw fractional amounts
Tho railroad bond market wa quiet. but
| Irregular though generally firm In the flrr.
noon. while weakening later IN tympathy
with the share list The sales VI an ISSUES
/ ven ~ 90. though this was very evenly
I divided aud 40 special feature was shown
during the day Tho total sales II stock II
today were 2li,u52 shares Closing quota.
l tInual