The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-23
BY TELEGRAPH.


INV NouK, Nov. -. Money on call easy
NJ 2ctj per cent, last loan ~. closed
nt 2@24. Prime mercantile paper. lisdG
| Sterling exchange dull but firm az -
for sixty day bills, siss'. for demand
Government bonds were dull aud weaker
State bonds were dull aud steady.
The stock market was again weak aud de.
clining throughout the day though the
LOSSES. except Ia one stock, don't compare
with those ot yesterday. The Bank of Eng
land failed 10 increase IT, rate OF discount
this morning aud there was no selling Tor
foreign account at the opening which.
coupled with the higher figures Of the Lon.
don market aud the confident wngcrs that
the Northwestern dividend would not be ~.
ducod, gave the bulls some encouragement.
aud ior short time the market had better
tone than u has shown for the past few
DAYS. Reports that the divide nj upon
Omaha preferred would be- reduced. however,
| took the place of that IL Northwestern,
aud that started the liquidation
again, which, with the raid Of IA
bear, knocked prices OF rapidly iur
portion Ut the first hour. There was
! some buying on n scale down, and u l. be.
licvcd that the larger bear covered the lang,
lines nc the low figures. aud the decline sooa
came to an end though NO support being
forthcoming, the market exhibited NO
strength whatever az the concessions and
| liquidation continued. giving the list a weak
and declining tone during the entire session
/ Omaha was unusually active and the pre-
/ fefrcd showed nn extreme decline Of "a pel
/ cent, and The common Per cent, vori
| little ~ which wa recovered Richmond 4
/ West Point alsu showed marked weakness, aI
/ one time. hut the general lst at the lowosl
/ prices showed IN few clsrs losses Of NOR,
| Than point although they were quite uni
| form. Among the inactive shares Manitoba
~. Paul preferred and Kingston & Fem
broke showed marked weakness toward ~,
| close each yielding over | Ter cent tn,
| active stocks ~ displayed considerable AMI
nation. hut no special feature was dc
/ yclopcd. The opening prices were from
/ y 20 - pr cent higher than the lns
| evening" figures though canada South,rf
was a marked exception with a loss 1T a.
/ The improvement was not maintained, how
ever, o. the liet began to yield Immediately
a. the pressure brought to bear aud Omahi
/ preferred aud Richmond 4 West Point L.,
| the downward movement. There was rrra
| activity fur twenty minutes. after which th,
| rapid decline was checked aud the markc
| became muru quiet Alter that time the lis
remained quiet but with q declining tend
dcncy, aud the temporary rallies wcrc IT ~,
| significance whatever. and the lowest price
were reached toward the end NJ the session
The close WIS dull aud heavy 10 weak at o
about the lowest figures 4 few stocks m
higher this evening. but the great majority
uW imrtiunally luwcG while Omaha prc
icrrud Loot Hnd The common ~
Rnilrund bonds were duh and utterly de
void OF feature. though heavy tone gcncf
ally prevailed. The changes in quotation
WCrc iu hat few cnsrs ter more than traction
and quite irregular. The sales reached unil
| sp1 Uun
The total sale, ~ stocks today were 20l. %
shares. Closing quotations