The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-28
BY TELEGRAPH.
Money. sinck. md nond..

NV YoRg, Sept 27-Moncy on call easy
| at lgCl2 per cent, last loan 2 per cent,
closed offered ut per cent Prime mcrcan-
tile paper 5ism'A per cent Sterling cN
change dull but steady, nt sissy for sixty
day bills aud tiSiA lor demand.
Government bonds were dull aud steady
a. strong. State bonds were entirely NO
golctcd.
The stock market was not only more nc.
tive and stronger To-Day, hut there Wa n de
| Cidcu broadening tendency while the bull
| ish feeling Ia SOME stocks ran high. London
was buyer al all oi IT, spccialtcs, aud this
! influence was seconded bya liberal number
of purchases for domestic account which
| extended to hll portions OF the list The
expectation that the Granger roads would
/ finally arrange thCir Differences was strong
| this morning. and q more confident specula
ton for the long accounts was thg result, and
other stocks beside those most interested
were freely taken. The most conspicuous
stocks in the forenoon were the Naudcrhilts
New England aud the Grngcrs, but New
England was rather weak though thcrr
were no new Developments made public to
affect the stock. The southern stocks were
all mOIo quiet but the could stocks be-.
came quiet aud prominent. and Union Pa
chic later became n strong feature IT the
Trading. The news frUm Chicago that the
st. Paul had expressed It's willingness 10 ac-
ccpt a proposition from the other roads IN
regard a. the milling In transit business
gave those rosds grand lit, aud st. Paul
bounded up sharply, the rest following, and
the upward movement innuguated ceased
only with the close Of business. All the
Changers made material advances and the
remainder OF the list sympathized 10 a linn
tied extent, but higher figures all around
was the rule. The August statement Of the
Pennsylvania aud the announcement that
the company had ordered an advance In
grain rates helped the trunk lines. but the
coal stocks were rather sluggish all the way
out There was very heavy realizing hut
thc covering Of shorts completely neutral.
lied the ELECTS Of such sales, aud the AL
vance met with no setback from hrst a.
last The opening prices were all higher
this morning, aud with the exception Of
New England and Norfolk aud Western
pref rrcd made further gains In the
early trading which was very active
Cotton oil were the leaders "" Of
the advances At first, but Union Pacific after.
ward came % the 'front.' aud the result Of the
forenoon's business was 90 leave almost
everything on the list materially higher.
The Grangrrs then became the features 81
the market followed by the Gould stack.
while the general list was comparatively
sluggish. The advance was checked toward
o'clock pm, hut was resumed again in
tho last hour, when the whole list again
moved up In unison. The close was active
and strong NJ the highest prices reached
Everything u higher again this evening. aud
81 Paul rose ~ per cent, burlington &
Quincy, ~ Per cent; Missouri pnchc A..
per cent Zig -Four, ~ per cent. Union
Pacific aud G., G. q l., ~ per cent each.
Consolidated gas, I Per cent, and Others
fractional amounts. The railroad bond
market was also more active aud a stronger
tone marked the dealings. though many
issues are lower tonight Tho sales were
81 ,0it,Uo1, Il which Fort Worth a Denver
hsis contributed sislOOO and the Chcs,.
pcake's current certificates fi9nGln The
Closing quotations