The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-05
BY TELEGRAPH.
Money. nonds aud STOCKS.

Nrw NoEK, Sept Mooney on call easy
nj / y per cent, 10 4 per cent, last loan "a
per cent, closed, offered nt ? per cent
Prime mercantile paper ilf@6k per cent.
Sterling Exchange dull but steady atSIslA
for sixty day bills and SLSS for demand.
Government bonds were duh and steady.
State bonds were entirely neglected.
The stock market today was broader, more
active, and stronger than IL has been for
some weeks, and, though the taking ofprolits
In the last hour knocked prices oil from the
best figures, the result OF the days trading
IN a. leave most Of the stocks traded In
materially higher than last week The
quotations from London this morning came
very much higher than our Saturday clos.
ing figures aud accompanied by marked
demand from the foreigners They had the
effect Of opening this market from a 10 q
per cent higher than Saturday, final quota
lions. There seemed 10 be a better attend.
ancc ut board, many Of the brokers who
have been absent for the heated term being
present Ia swell the volume Of trading and,
ms their prucliyitiCs were inyaria-
bly, bullish, the market became even buoy
ant The coalcrs aud the Willard stocks
early took the lead, but the Gould stocks,
Gmnrcrs and Trunk line shares oitcrwnrd
became prominent and the improvement
rapidly spread Ia the entire list, There was
very lIllIf NlfMH 10 NllfNl NNlNfNf NAlNNEN NllN
reports received from Chicago, IL anything,
were calculated To take the edge of the rise,
but had little or no effect. The coal stocks,
however, were still helped by the refractory
condition of the trade, and Reading aud
Jersey Central were Affected by rumOrs Oi an
arrangement with the Baltimore X Ohio for
n through line ~ New York. Tho extent 81
the advance rendered the temptation 10 take
profits too much formnnyo l the traders, aud
IN the last hour there was free selling for the
long account which, with the little Hurry In
money when rates were bid up 10 per cent,
from / y per cent, proceeded from the hest
figure, - to 1 per cent The gains at the
opening were increased In the first hour
hmk per cent on u very heavy trading
which was decreased toward noon to dullnCss
At times. The firm 10 strong tone ot the mar.
let still remained, aud after ~ o'clock there
was most decided strength with the marked
| increase Ice activity Several new fayoritos
! came a. the front aud by pm. the highest
figures were reached, many stocks being NJ
their highest point for years. The last
hour was quictcr with less demand forstocks
and moro pressure 10 sell, and the market
finally closed rather heavy at the figures.
Missouri Pacific rose i1,c, Reading So,
laCkawauun and Cleveland, Columbus, Gin
ciunati 4 indianapolis &C.. Peoria, Decatur
a Evansville nc, Delaware q Hudson
per cent and the other fractional amounts.
The railroad bond markcs sympnthiEcd with
the share list In point ot activity aud
strengthened almost everything on the list
IL materially higher this evening. The total
/ sales wCru a. l2u.Un, but Recalling issues
we're very active, the foun furnishing ti2j..
Wn. the nrsts siJ7,U1 the seconds si2iOI
/ aud the thirds Sl27 ON, while Western
/ New York aud Pennsylvania iiuts contrib.
utcd tt2S.U a. the days total.
The total sales u stocks today were 307, ;.
/ $40 shares. Closing quotations: