The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-06-14
BY TELEGRAPH.
Money. Bonds and stocks.

NEw YoRK, June 10. Money on call easy
at lGgllI per cent; last loan at ! = per cent
closed Offered at | = per cent Prime mer-
camille paper i@G4 per cent Sterling ex-
change, active and iirm, at S.S6A for sixty
day bills and Si.sSA for demand
Government bonds were dull and steady.
State bonds were entirely neglected.
The stock market was less active today,
but il was somewhat irregular and highly
fcycrish with special weakness In n few Sc
curites. The result Of the days trading is
TO leave most of the list fraclionally lower
than last nights prices. There was consid-
cradle buying for London by arbitrage deal
crs, and the tone Of the opening was quite
strong, but the professionals were inclined
10 resist the advance, and further lines Of
shorts were put out all around the room.
The declaration of the dividend on Western
Union had some little effect In rallying the
list, but tine covering Of shorts was the prin-
cpal lever by which prices were lifted in the
afternoon. The most severe pressure to-day
was on the trunk line securities, and Lake
Shore was a sufferer and the attack upon
the Erie seconds was specially noticeable.
Among the special, Oregon Navigation made
a marked drop though n portion of the list
was aftorward recovered. Chicago was heavy
seller Of the grangcrs, and this did much 10
restrict the afternoon advance 20 the smaller
proportions which IL attained. The open
ing was somewhat irregular, though gener-
ally strong, and advances over last nights
figures extended TO i per cent This adj
vantage was further increased In the early
trading by fractional amounts, St Paul and
Reading leading the advance. The move
was Of but short duration, however, and the
entire list soon yielded 90 the pressure
brought 20 bear aud Missouri Pacific
dropped IA per cent. on the expected re-
duction In the dividend, followed by ST.
Paul, Louisville 4 Nashville and the 9TH
crs. Tho market then became dull, and
little movement was seen In the list until
after ~ o'clock, when the Oregon stocks
took header though the rest Of the list
sympathzcd only to the extent Of fractions
Good buying was noticed at the lower fig
uros and the list on n fair business was
brought TO the neghborhood Of first prices
but the advance was not fully maintained,
though there was firm tone prevalent To-
ward the close, which was dull. The great
majority Of the list is lower this evening
though fractions measure the losses In most
Of them but Lake Shore aud Oregon Nayi-
igntion lost n. each and Oregon Transcon-
tincntal ~.
Railroad bonds were quiet, aud except for
the Erie seconds, upon which the bear made
Especial attack, there was no feature Of inter
est. The bonds mentioned figures for $4,000
out Of the total days business Of $i,33o,ooO
The general list was irregular In tone but
final changes are In most eases, for higher
prices. Knoxville n Ohio lists rose 2, 70
100 Kansas Pacific Gs, Of 1890, ? 10 49,
Utah Southern, general Is, 4, 10 9ss;
the extension =, To ~, Wabash. Detroit
division. certificates, T., 10 100, burlington,
Cedar Rapids a Northern D., lost 2, at 0s.
The total sales OF stocks today were 25D0j9
shares, including Delaware, Lacknwanna
& Western 6.s0G Erie, lA73i. Lake shore,
~ go, Louisville A Nashville, 5.il0. Mis-
souri, Pacific hg2G Northwestern, 1885;
Northern Pacific preferred, 800; Oregon
Transcontinental, 600, Reading. sn,2iS,
Richmond a West Point 3,1iO, ST. Paul,
$3.50, Union Pacific, 1860, Western Union,
zoos Closing quotations: