The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-23
By TELEGRAPH.
Money. Bouds ana stocks.

NEw loRK. Oct. 22--Moncy on call was
easy, with all loans at 2Gt2h per cent; last
loan, ~ per cent; closed offered at
per cent Prime mercantile paper 4ACe7
per cent. Sterling exchange dull and
steady at Si.si for sixty day bills and
s4.s7A for demand.
Government bonds were dull, but firm.
State bonds were dull and steady.
The stock market today was again active,
though the principal interest IN the spccua-
ton was conferred In three stocks which con
tributcd about one half the entire business
done. The general drift Of prices was down
ward, though with a few exceptions the Hue
tuations we're for fractions only and the final
changes are for insignificant amounts Mis-
souri Pacific, although not the most active
stock on the list, was the leader OF the
market aud again WINS very weak.
The interview with Mr. Gould published
this morning had u tenn porary rcassuring ci-
feet upon the list, but the bears, aided by
the trading element made u sudden attack
upon the stocks Of the Southwestern system
and they yielded readily, carrying the rest
OF the list with them, though to ~ limited
extent only. The dealings In Missouri
Pacific were attended by considerable cx-
element, and rs several stop orders were
reached on the way down the break eN.
tended 10 nearly four points before the halt
was called aud II was suspected that some OF
the in sidcrs were unloading. San francisco
second preferred lost per cent: Pullman
a like amount, and the movement extended
| Ia the grnngcrs although none Of them did
the loss exceed "a. The price of Union
| Pacific was well held ON the prospects ol n
dividend aud tie we'll. known good financial
condition of the properly, aud although the
stock was extremely active, It's extreme
| nnctuation was but little over q point.
| The strong point In the list was
| III Richmond & West Point stocks aud the
preferred rose overs per cent on tn recently
obtained control Of the Georgia Central.
| AtchisOn was sold of In the early morning,
aud this started the selling IN Missouri Pa
cilic. New England also suffered somewhat,
but the sock NJ no timo was prominent Ia
the market. East Tennessee int pre-.
| lcrrcd, also made squirt ia the last hour,
| when the greater portion IT the advance was
| nude IN Richmond a West Point The firm
| feeling ut the opening made first prices from
| - Ia = per cent higher Than the haal liz.
urc, of Saturday aud further slight advances
| were established In the early trading, but
the hear, soon bcgrn their attack. aud while
| the Richmond & West Point stutks wrrr
strong Missouri, Pacific began 10 Weld and
the rest ~ the list sympathzcd. Alter the
| iir,t hour there was more animation, and the
weaker bcyumc moro animated. Pull
man, burlington nnd Rock Island all showed
special weakness. There was rally after
noon but the decline was soon renewed aud
the lowest prices IT the day generally were
pdchci toward o'clock pm. The strength
iu the Terminal stocks caused some react on
in the last hour. but the market closed weak
ut close to the lowest figures The final
changes are almost all In the direction OF
| lower prices. and although Richmond a
| West Point rp-e l per cont. aud the preferred
| 2lE, Missouri Pacific aud Pullman are down
| 2 pcr cent each, Northwestern D., and bur
ling'on * X 'ck Island ! per cent c1ch.
| The milriud hond market was dull today
though The sales NJ al issues reached % li1.
%, but there was no animation anywhere
IN the list and very little feature uf M,
Kind. There was Fialy "a firm ton,
! throughout, though the final changcs ar
| irregular though they are generally foi
small fractions only. The total n.cs ol
stocks today were 5il,'oL Closing quota
/ lions