The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-22
BY TELEGRAPH.
Money, stocLs and Rond..

NEW IoRK, Nov. 2l.-Moncy on call easy
nj 2Ct2ll per cent, last loan 2l5 closed
NJ 2M2k. Prime mercantile paper, 4lS@i6
Sterling exchange dull but firm ut SLSlk
for sixty day bills, Sl.S7A for demand.
Government bonds were dull but strong.
State bonds were dull and steady.
The stock market today was little more
active again, but II was weak from opening
10 close with no reaction whatever, though
the decline was made at intervals alternately
with periods OF dullness and stagnatiOn,
There was absolutely no news nor develop
monis Of any kind to account for the weak
ness displayed, but the bears were very ag-
grcs,iyc, and 10 their raids may be nscrbed
the material losses suffered by the list. al
though some liquidation was IN process in u
few stocks. This wns especially true Of New
England ~ the buyers, on the expectation Of
u contest for control, are now getting rid Of
their stock. the general impression being
that no change will be made In the manage
mCnt. This was taken advantage OF by the
bears, and some scllingof Louisville 4 Nash
yillc Lake Shore aud one or two other stocks
by London aided In producing dcspondont
feeling among the bulls. Some little capt.
tal was made out Of gold shipment OF 500.
600 90 Germany. A special transaction such
~ were frequent during the early months Of
the year, aud u rumor that the Hank Of Eng.
land would probably again raise It's rate OF
discount tomorrow holpcd along the demon.
aligntiOn Of the bulls, MS our sterling cx.
change rates arr close 10 the exporting point
The entire list shared In the declines, aud
although the activity was confined to few
leading shares, the losses were very uniform.
Among the low priced shares there was no
| marked movement whatever. Tho weak.
| ncss was apparent at the opening Of the
| market, and Inst prices showed losses from
| luHa 4NRnlNHf'a HWffFYa aWfsnf1tUFF a.. u t..f
ccnN, but outside Of half dozen stock,
there was no animation or feature, aud New
| England was the only stock showing de.
cdcd tendency on the downward direction.
The activity increased rs the day wore along
and the weakness became more pro.
nounccd. Louisville a Nashville being
the next stock 20 lead the decline.
All the active shares Joined In the
movement, however. aud the last hour
more business was transacted than any pre-.
/ yiuus time Of the day and the close was
| inirly active weak at the lowest prices Of the
| diy, The entire list u lower this evening
aud New England lost ~, Louisville 4
/ Nashville, p Missouri Pacific. -. Atchison.
| Northern Pacific preferred Omaha preferred
aud Union Pacific, y each Lake Shore. iag
| lhcknwanna, n irlqlk a Western preferred
Orgun Tmus,oniincntal aud Reading. n,
/ per cent each. Canada Southern, New NUfk
Central - Paul. san Francisco preferred
aud Wheeling a Lake Erie preferred ~ pet
cent each. Colorado Coal aud Richmond A
| Wet Point per cent each, and the othcn
| fractional amounts.
Railroad bonds Wcsc quiet throughout the
day, hut while the tone Ut the dealings wcr,
steady a. firm In the forenoon the decline
Ia shares had the effect II sagring on the lsl
/ later, and most of the issues traded IN 10 any
extent are lower this evening. though III,
losses are generally for small amounts III,
sales Ut all issues aggregated N,l16,OQ, u
which tl5l,OJ0 were Ia Reading scconS In
| comes.
The total sales Of stocks today were 5s,g5i
shares. Closing quotations