The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-09
BY TELEGRAPH.
Money. Bonds and stocks.

NEw YoRR, Nov. S.-MOncy on call easy
at 2 10 ~ per cent; last loan, per cent,
closed offering at 2 per cent Prime mcr.
camille paper $1,000 per cent. Sterling
exchange dull but steady at SiAh for sixty
day bills and si.s7N for demand.
Government bonds were dull and steady.
State bonds were entirely neglected.
The stock market today was dull except
for one stock but IL was weak and dcclin-
ing In the forenoon and the losses made
during that time were never recovered, and
the prices Of the close were In great ma
iorty Of the list materially lower than those
Of last evening There were n number of
disquicting adyiccs received during the day,
such rs the disruption of the Western Pass
cngcr Association aud the trouble with the
coal digJ,ers on the Pan Handle, but the prin-
cipnl cause OF the decentralization was the un-
usually heavy sales for foreign account which
were kept up almost throughout the day.
The reason assigned for this Outpouring Of
long stocks was that the foreigners were dis
trustful that the new Administration might
make such changes as would rctard business
and 40 hurt the values OF securities. There
was the usual amount of short stock put out
by the bears aud traders, but they were not
Of special importance upon the course OF
prices. The coal stocks, aud especially Read
Ing were the leaders la the decline, and the
dealings IN the stock mentioned assumed
large proportions furnishing nearly half the
business done. The trunk lines were heavy,
and In some eases decidedly weak on the
recent reductions aud the refusal Of the
Pennsylvania 10 advance rates had n marked
influence. They were followed by the South
crn stocks, aud, nothwiths anding the favor
able outlook for the Southwestern lines,
both Atchison and Missouri Pacihc wore
prominent for the declines established. Cot
ton oil was feature of the day, being after
the first decline remarkably strong, aud ON a
large business closed u fmC ton higher. Union
Pacific, wa, prominent among the active
stocks, but It's movements were small aud
IT, price was we'll maintained throughout,
aud Tennessee Coal was conspicuous during
the early trading by an advance Of over
point, though the greater portion Of the adj
vance was aitcrwnrd lost. The rest III the
list was dull aud calls for no comment The
opening was moderately active, but In
marked contnst To that OF yesterday was de
| cihcdly wcnk, and losses from last evening ;
| closing figures extending 60 = per cent. The
\ market remained almost InOtionlCss until II
| o'clock. when there was renewal oi the
| weakness, and prices moved of rapidly, and
| Canada Southern, Missouri Pacific aud
Reading became specially prominent for the
declines established. A lull la the market
was accompanied 10y a iirmer tone for the
rest uf the forenoon, but later the market
was attacked with yigur and the lowest
prices Of the day generally reached about
o'clock pm. Dullncss again inter
ycncd and prices made slight recoycrcs,
hut the market continued without feature
until the close, which was dull aud steady
a. firm at but slight gains over the lowest
figures reached The volume of bushes,
shows some increase over that Of yesterday.
| The active stocks hrc almost invariably lower
tonight aud reading lost l y, AtchisOn / \,
Canada Southern aud Norfolk aud West.
cm preferred ~. each, aud Missouri Pacific
! Ter cent
The milroad bond market was somewhat
more active today but A. In the share list
this was entirely due 10 the animation shown
In the Rtaling issues and the second incomes
contributed si15, 90 60 the days total Of 81,
$4,000. The total sales Of stocks today
wcrc lpj, Oh shares. Closing quotations: