The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-29
BY TELEGRAPH.


NV IoRE. Dec On ,ncy on call WIS
easier, ranging from . Ia > per cont. Last
loan 3. closed offered NJ & Prime mcrcan-
tile paper tHGs. Sterling exchange dull
aud weak ut $50 for siNty-day bills aud
Siss', Tor demand.
Government bonds wcrr dun but firm.
State bonds Worr dull and steady.
The usual holiday dulinoss overlook the
market to-day and the narrnwuuss oi the
dealing, was quite In contrast Ia iitcaciiyity
~ the earlier duy- u The Wosa. At the
same time there was strength. though T.
wus chiefly confined ~ thr few Leaders aud
was completely uputriirol hy the late
Intersections London again came lower this
morning AMI had few selling orders In lhc
market ui which the iriliug element was
disposed Ia take advantage. ALL some weak.
nc,s was man'l,.tclnt the opcnns London
however turned over Ia tho hull side aud
while thcw was no import tnt buying iu
the general lisi there was gpud ~ cuation
and buying iu Reading aud ~
rEul. which mllicd the li.t AID
n little news affecting priCC' wa ot "a favor
able character a general irirtiuunl improve.
mrnt resulted all around when 10 became
known the dividend uf lackawunnn was thu
usual 49,, per cent, the feeling " diup
poinimcnt, together With tlic advance Of tie
rate fnr oil the Loans To I'cr cent, checked
prevailed, which developed into decided
weakness toWarl the clu-c on rcaligltions
hy the tmdcr- with simc short selling New
England sa, hclprd by tie reports FROM
Boston IA the effect that the coming state.
mcnt would be the bc.l in the history IT the
company aud reports that influential Iariic,
| had bought Tor n rise. Cotton oil was again
n marked lcaturc ~ the day. and at one time
was . pyr cent better than IT, lowest price.
- a 81 a.
| hiCting aud IT, tone very mrctilcd. Read.
/ Ing was tie leading cuulcr. showing amy AMI.
nation. AID " was especially weak in the lnst
hour iur 40 apparent rrn~rn. - Paul was
| quiet, and moved over q range ~ only per-
/ cent. without special uguihrnucc. Anon,
/ thc Inactive sturks, Evansville q Tcrrr llauto
moved up sharply but the rcst IT tho
let wcrr utterly devoid Of feature, aud the
result NJ the day Trading l. Ia leave price,
/ irregular but only slightly changed from
4 last nights hguu's. The opening declines
extended 10 y pr cent. hat New England
became the feature Immediately, aud ID.
strength carried the rest ~ the list upward,
| though only for fractional amounts. The
/ highest prices were fixed toward noon. when
cotton oil DEVELOPED marked strength, bui
money ran up 10 spcr cent. after that time. sud
the improvement WIS checked, aud tie mar
kct became positively duh, aud ~ rcmaincd
during the rest Of the session. except In the
last hour, when activity aud weakness made
were generally wiped out. At the clo-c II
was active, aud the inal changes are all foi
fractional amounts, aud arr about lually
divided between Rnins aud losses. klilpial
bonds were mur active. and especially th.
| Reading seconds Incomes aud the Jcfne,
Central hycs. which furnished tilSUO1 and
si2i, UD respectively Ia the days total oI
N,i3i,OOo. The total sales ~ stocks toda,
wcrc l01 80 shares. Closing quotations wrt,
| A. follows.