The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-22
BY TELEGRAPH.


NTw YoEK. sept 2l.-Moncy on call easy
nj lsGt2 percent, closed offered NJ per cent
Prime mercantile paper 5i.@7ls per cent
Sterling exchange quiet but steady nj ASK
Tot sixty day bills aud ass for demand,
Government bonds were dull but firm.
State bonds we're dull aud steady.
The stock market was much less active to
day, the sales being the smallest Tor more
than two weeks, aud the tone Of the dealings
was again icycrish aud weak, though the
hunl changes arr about equally divided be-.
tween gains aud losses There was evidently
n disposition ON the part II operators a.
| await further Developments In several
directions before entering into new ventures,
aud the days transactions wcrr entirely free
frum excitement Of any kind 10 many the
dizziness aud apathy were quite m surpfis-
ing ~ the wide aud mpid fluctuations ~
week ago, the range Oi values
being IN most Of the list within
very narrow limits. The grangcr took a
secondary place IN the speculation. while the
Nandcfhilts were .must conspicuous by
reason IT their activity and strength in the
face II the weak tone which characterized
the general list. The raid In those shares
was aided by the reports of the harmonious
feeling at tile Trunk line meeting but tho
street also believes that the purchases are
largely for inside account The specially
weak spots IN the lisi tudny were the south.
crn stocks and Northern Pacific and the
hcnrs used the reports uf the spread " the
yellow fever IN that region against the
stocks " the southern ruads. Louisville 4
Nashville being particularly vulnerable
Northern Pacific Wa sold by London. aud in
al probability hy the defeated party at the
last election, though the illness Of Mr..
Wright had n depressing influence upon the
stocks The coal stocks aud the Uouid
stocks were quite dull throughout the dhy.
but New England WAS feature. being active
nud stnpnr on buying iut liustnn account
ihv latest story being that them IL ~ De- \
contest nt the neat election aud the huyinr
" ~ obtain the balance II ROVER. The
opening figures Wyw very little changed
either way but Louisville a Nashville
was down u per cent The .mnrkrt made
some slight advances IN the first few min.
utrf, hut vuuu began a. Yield aud under tie
lead ui ~ laul and Northern Pacific prefer.
rel material dc,liurs wrU established IN the
irt hour lake SHORE then unmc a. the
front and the market iuuk on n better tone
recovering somewhat The movement Wa
aided by the strength IN New England after
noon, but u eliminated by o'clock p.tu
Louisville q Nashville again DISPLAYED
marked weakness aud the ret Of the list n.
spnndci. losing all the previous advantage.
Missouri Pacific became the special weak
spot in the last hour aud the market finally
closed quiet but weak ht irregular changes
iur the DAY, ~, dual changes, except losses
Vt "a IN Louisville a Nashville and per
cent IN Northern Pacific, were iui fractional
amounts only.
Transactions IN railroad bonds were very
small today, asgwgaiing only ssst,Wl aud
the tone was aFain heavy, though thc final
sinngcs In quotations arr somewhat irrrru.
lar The total salcs VI stocks today amounted
a. 81. 2ii shares, Closing quotations.