The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-13

| NEw NoRK, Dec. l2--Moncy ON call easy
at 2m2H per cent; last loan, pa; closed Of
| fcred ut pa Prime mercantile paper, $40
| Gis per cent. Sterling exchange duh but
steady at tLsils for siXty-day bills, and
! SISSY for demand.
Government bonds we're dull and heavy
| for the Is. state bonds were duh and
| steady.
The stock market was active by spurts to-
| DAY, aud except In the dun periods was
strong almost all the way out aud In some
| instances marked advances occurred. There
was a general bullish feeling ON the street
| this morning and the bears, In view Of the
recent backs In Delaware 4 Hudson and
! Omaha, were inclined 10 be- shy aud covered
| freely, especially ms the news of the day
was almost entirely Of favorable
nature. The decision OF the Inter
state Commerce Commission in regard to
/ selling tickets Ia sCalpgrs was looked upon
~ q big bull card and the buying OF the
Changers was quite noticeable throughout
! the DAY aud they were stronger than for
some time past beside which the foreigners.
| after the early trading, displayed disposi-
ton o. purchase In different portions Of the
list, which had considerable influence. There
was an impression that the dividends upon
the Gould stocks would be- as before, aud re-
ports which apparently cmanatod from Of
icinl sources, were put out 10 that effect. aud
later the official action accelerated the adj
vance begun Ia the early morning. The coal
stocks were the great feature of the day, oil
NJ them being more active, and the well
known fact that the business for the past
year has been something extra. and the ru-
mon Of the heavy earnings 81 the leading
rnads made the bears somewhat nervous and
covering was freely INDUCED. There was a
runor that Jersey Central would be treated
Ia n squirt similar to that OF Delaware a
4 Ia. Nl.s.r
London came lower this morning and this
market opened lower In sympathy for most
Of the list, though there were few marked
exceptions. Tho weakness was only mo-
mcntnry. however, and while the business
done WIS smnll, prices rose rapidly with the
coal stocks, Missouri Pacific and New En-.
gland la the lead. There were, from time to
time. slight reactions. but they were always
followed hy more animation and further
advance. Missouri Pacific becoming very
prominent Tor IL strength, aud Reading aud
| Richmond a West Point also. drup Ia
New England In the afternoon caused an
interruption Ia the rise for some time, but
the dividends ON the Gould stocks started
| the last up again. aud In the last hour Della.
ware and Hudson made n sharp advance
| The market finally closed about strong gen.
orally, at about the best prices Of the day.
! The active list j. almost invariably higher,
and Delaware & Hudson rose ? and Western
| preferred y. Aichison, Ihckawanna aud
| Jersey Ccntml = per cent each. Louisville
4 Nashville per cent, and others fractional
/ amounts.
There has been increased inquiry for rail.
rad bonds Tor investment, aud although
this las not yet resulted IN any marked In.
crease In the business done NJ the board II
l. shown Ia steady stiiIcning of price. Tor
the past few days Today the market was
shade more active the sales IT all issues ng.
| rrrating ip2t go. while the tone was firm
| throughout, nnd while them were very few
marked changes Ia quotations most OF the
! list show fractional gains
The total sales Of stocks today Wcrc a6i, sli
shares. Closing quotations