The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-20
BY TELEGRAPH.


| NEw NuUE. Sept lp--Muucy ON call easy
ut 2m3 per cent, last loan at per cent,
closed at 1m24 per cent, prime mercantile
! paper o. ,65is per cent Sterling exchange
| dull but steady nc si.sil. for sixty day bills
and -. -dis Tor demand.
Government bonds we're active and strong
| State bonds were dull but steady.
Tho stock market TODAY was more active
than on any day for long time and nt the
same time was strong even to huoynncy, tho
improvement extending right through the
list The fcatur. II the dealings was the
heavy buying of the foreign houses, whose
purchases were measured by the thousands
There was much speculation a. 10 the OBJ
jet 81 the heavy absorption II -. Paul Cs-
pccially, though the majority Of the habitu,I
OF the street st Il down a. the desire Of the
foreign holders Of the stock to obtain com.
plctc control and make changes IN the board
~ directors and hy some Mcssrs
Armour aud Plnnkcnton are believed
a. he also Ia the scheme with the Londoncrs
There was NO positive Information upon the
point however everything being conjecture
The bear were completely dCmoralizcd for
the time being. and in their haste 60 cover
their shorts aud get over ~ the bull side ran
the price ~ the stock over per cent The
improved outlook among the trunk lines for
harmony with the late advances Ia rates
served 90 bring tho stocks u those lines once
more into prominence, and lake Shore cape.
| ,inlly became feature Of the day aud
| crossed Iar Tor the urst time iu two ycars ON
| lanfy transactions The Gould stnrks wsry
| comparatively neglected Ihcru wprr "A few
stocks among them l1Dkawanua and New
| England which arr subject 10 CunsidenbI.
manipulation. which failed a. respond a. the
| general ud,aICU and AZ times showed cuusid-
cradle Wylkncss There were again several
| rumur ina frFifi ca ihc deal Zoe New Eng.
land, but nothing u a positive nature. The
| decision If tlo arbitrator boz the suit VI the
| Hooking Valley against Judge Burke being
adverse to che company thc stock oi that
ruai tvcamc extremely weak, aud after u
| decline ui over ~ points. recovered q small
| portion ui its loss The weakness in IL hal
sum, effect Boz holding back the improvement
\ in tlc general let and led o. q slight ruaU.
| ton, but H. influence was ~ short duration
| and the upward movement was som ~.
| suuIcd. Commission houses lad buying
urlcn and many other ori,r were over Ou
the bun side which gave the market q very
strong feeling throughout Flint price,.
with the exception ~ King Valley we're
from q. Co per cent higher ihan l.st even.
ing closing figures and although. through
tie pressure upon la,kauauua aud New
| England, some fraction occurred iu the hrt
few minute. che market soon lcGnmr strong.
though uU decided gains v,v made until
after noon. when everything Joined in The
! graz NINNIl NuNflWfNl NI NNN NHN. lNNfV
vas another slight sci back toward O'Clock
D u.. and 10 thr same time advanced rap.
idly. earn .ug thy ryst ui che bee with ii
Pre- rralHliIurs occurred lut their effort
Wa Not seen until ihr ihst half hour. when
price, kIH7l On slightly The close. how.
| ever WHs NlH active aud strong at the hiHh.
81 prices ut tIt day. Outside ui liutLiuH
Valley which lot VIrr cent. the decline.
today a, few and uuImpHftsut while 81
Paul rIs, ga ur preferred 20, burlington
a quincy q Louisville a Nashville o.. take
shur, a.. Northwestern o.. Omaha I pef
cent. aud che net of the lIst fractional
amounts
The decision q thc arbitrator in the
Hooking Valley Cts,H male tlr bond. uf that
company conspicuous iUf Wtakur,s. as %,
stuCk and they slumpfl i1Ily. The o. Loot
So tn p uu s1lsF uf tiUi. ~ and tHr a.. ou
very moderate business y tuzI. Tlo gen
'pl llsi was quiet and irregular though th,
reading O. contributed t2ltuuU aud 90, uhI1
southern Incomes, tlOsupu. a. the day'i
total ui tl.lltwu The total sales IT stust d,
today were $500 sha,A Closing quota
lions