The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-06
BY TELEGRAPH.
Nancy. I,on,Ix ami s,oclts.

| NEw YoRK, Nov. 5.-Moncy on call easy
at a. 2tspcr cent, last loan, ~ per cent,
closing at 2@2k per cent Prime mercantile
| paper ilsCgbil per cont Sterling exchange
duh but steady at !isill for sixty day bills
| aud I.s7L for demand.
| Government bonds were duh and steady
State bonds were dull aud steady.
The stock market today, with the eNcep.
| ton Of a moderately active business for u
! few minutes Ia the first hour, when the ac-
| Cumulation Of orders over the holiday were
! being executed, was intensely dull, and
! after about 5000 shares had changed hands
| I'm the first hour, the next hours business
WIS only ., 900 shares, aud the first two hour
| Of the afternoon saw q business of only ~
90 shares the entire days transactions foot
| ing mp only %. igl shares London was q
! liberal buyer In this market at the opening
| hui there was no increased dispOSitionlto
! tulr molg the local operations and nfici
| {. e. llr.im demand was satisfied the market
| 0. d. pscd into the most intense dullnos-.
! From that time out the dealings were en-
| iircly IN thu hands NJ the professionals, and
~ the general impression Is that there il To
| be higher figures after the election, cOnsid-
cradle covering ~ shorts was iudulgcd IN by
the traders, which served a. maintain prices
throughout the day aud was sufficient B.
cause some animation IN the last hour, when
q few stocks again moved up. Other Circum-
stances favored the advance. however. the
abandonment by the Iowa Railroad Commits
Siuucrs of The position taken by them last
fall and the continued talk of settlement
Of the southwestern difficulties. all aiding
IN the creation of q markell bulli,h feeling
The opening figures were decidedly strong
advni ccs extending 10 y per cent. and Tic
business ul the iir.t hour was moro active
than usual for the past few DAYS, while IL
was at the same time much more
evenly distributed. The upward move
mcnt made great progress In the
hour, though the gains over the iir-t prices
were confined - fractions with SAN Francisco
Northwestern nnh fulinnu most pruuiuont
lncknwnnn became prominent for strength.
ns did also Reading and New England, and
nll moved up frJuiionally. The close was
dull but strong at the highest prices u the
DAY There were uuly two stocks which
displayed any Misunderstanding. which
contributed ~. $50 and Union Pacific i,t,n5
shares ~ the grand total. Tie active list o.
almost invariably higher. aud notwitlstand-
ing the limited character ui the dealings thc
advances n in most instances for material
amounts, aud san Francisco preferred rose
~. Che 90, burlington a Quincy t,cr
cent, aud Eric like amount
The uilr ad bond ~ % kct was dull, like
the shuc lit, aud was equally fcaturclcss
though lrm tone prevailed throughout
The day. TIC Galveston, Harrisburg a San
Antuno see inds wcrr cunspi, uous fur wcag-
nc--. while thc 81 Louis Arkansas 4 Texas
issues were once more prominently strong.
Other change for important amounts were
q lyarccs ui y in 81 Paul Mineral points 10
oill4 aud st. louif, Arkansas & Texas -,
g. so.
II total sales u stocks today were 0s.iol
shares. closing quotations