The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-20
BY TELEGRAPH.
Money. nond. nna s,ncI,,

Nrw NoRK. Oct iD.-Mnnoy ON call easy
nt 20g2ls per cent, last loan per cent closed
offered at 2 per cent Prime mercantile
paper, iAm6's per cent Sterling exchange
dull, but steady Ia ira AZ sLsi Tor sixty
day bills aud q rs Tor demand.
Government bonds were dull. but steady
to firm. state bonds wcrc dull nnd steady.
The transactions IN the stock market 10.
day were larger than for many days, aud
were attended boy considerable excitement,
especially IN the afternoon, when prices gave
way aud rapidly declined in most of the net.
i've shares. The feeling In the forenoon was
almost entirely hulli,h, though the traders
were selling even az that time. bat the buy.
ing was good and there seemed Ia be- % wider
interest iu thc speculation. Later. however.
Atuhisun declined rapidly. aud u drive was
made NJ the Hould stocks and Missouri Pa.
ciiic preferred particular while the ncwa
ol toe 40 un,Wn failure iu Chicago camc
in tu uusvtilC confidence, aud the hrlrs were
not slow o. take advantage ut favorable com.
hintiinn. Stop order. Wrrr reached an over
The active list mud prices declined rapidly.
Cary inE oven the strong stocks oi The iuu.
nom With them. nul at thu close almost nll
the carly gains had been wiped out Union
Pacific was n"nin the great feature ~ the
MARKET aud during the forenoon was very
strong ON . sill larger business than has
.''f ...'N N'.H HN"'N' WV . wv NNN
ing which has been sn persistent in the
stock, IA stlll mystery ~ thc street, and io.
day mluy influential men Wcrc mentioned
a. probable purchasers, white the friends nf
she siuUk WUng pruphTsyiuE on early diyi
d,ul un the rilTk The Northern Pacific
rr1uu neat loumrl up into prominence aud
th' N1Thrm Pacific preferred and Orrrun
Iru.,Uuiinont1l both made handsome
rHiue \ sudden nni radical change came
80 ..H UN..H H.HH i"
v,rr and Airhs1n and Missouri Pacific led
while all The u stnu h,ortrs ven,
DsUrDilIy weak Norfolk A Western prfrrrcl
was HIrn quite weak uu hrht bushes,
and ilu strong stocks nll Joined che pri.
e." .INn anal lul1r the close Union pipiUr
h1l been drprs. nearly prr cont below
the closing pricr ut ust evening FIrt
Price, WrI inlw to p pr cent above la,t
uiHht tgut,,. 1ud uudpI the lead of Union
Pacific thg MARKET np,dly advanced che
gains tu thU ltlllu extending 90 ~. nor
cent llv advance eliminated toward HDan.
1ul after That thus There was slow drrliuc
N ihr Eru,nl li.t while Missouri psriH.
Richmond 4 Nut Point preferred and
RHrk lsllnl iHst heavily AighIaun m1Ir
smother Dip 1uN IHr whole market SOON h..
came drmuul'f0i aud boo thr bst bour
Union ln,.hr hrAWr n feature iu Doe do.
cline The market shovel ub rh1urr aud
tIc yiun wa active and weak ai ihr lowr,t
pruD 90 ttr dty. The HctI,r lsi h almost
invariably lower and Ai,hisDn lott az.
MI ."ul Pacific a's Norfolk & Westcm /
prirrni lt ,hly1ro. burlington a
Quincy t4. oUeun a Short Lime 1 Dor
cont lui uthDu fractional nmuuuts
Tho miluui bond market was ouiet /
though ihc Reading issu.s were sBn |
prominent tyr activity rHU HIas of MI |
issue. rrlyhrl 9lliuuu Hut ta fhgt sHoppi |
Recalling sycnnis iufUishrl tllt.un ami nm. I
ihiris tlhwl The market followed tbc .
share hst very closely hoiur firm Ina tbe .
i1rn0oh, bat u weakened later and decline. .