The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-30
BY TELEGRAPH.
Nancy. non,I. nnd STOCKS,

NEw IoRR, 0st. 29.-Money on call easy
at lfda2h per cent; last loan per cent,
closing Offered at per cent Prime mcr-
camille paper 4A@7 per cent Sterling
exchange dull but steady at i4.s3A for sixty
day bills and Si.S7h for demand.
Government bonds were dull and steady.
State bonds were dull and steady.
The stock market was easy, except In a
few leading stocks, which were made the
special object Of attack by the bears, duh
aud sagging and quite feyersh throughout
the day, and final prices generally show de-
clines Of fra ton II amounts. The decrease
In the earnings for September Of the Read
ing company was again the principal subject
Of conversation ON the street aud, rs the
majority oi operators are holding off pend
ing the election, tina bears made use OF the
opportunity presented TO Hummer the
stock, aud incidentally the whole
Of the list, but very little effect was
had outside Of the few stocks which
were the special objects Of pressure. Read
ing again assumed the lead In the market
and yielded readily, followed by Union
Pacific, upon which there was considerable
pressure from long selling A few OF the
inactive stocks such ns San Francisco pre-
fcrred, which was depressed without np-
parent cause The interest was transferred
| 10 New England In the afternoon and n
prominent room trader was very active In
| Offering the stock down. Several stop
orders were reached on the way down aud
these served To increase the decentralization In
the stock. The general list was dull and
without feature q importance through
out the day the interest rs well ms
the animation being concentrated In
the three leading stocks which to-
gcthcr contributed nearly one-balf Of u o
entire business done. The Gould stocks and
the Nanderbiis were comparatively well
held aud the grungcrs were quito neglected,
while the movements In them were Of no
special imIo -tance, though the sandng
tendency effected the entire market London
was mo icmtc seller, but commission
houses were doing next to nothing aud
dealings were left almost exclusively to
the traders aud bears, the former working
In TIA, interest If the latter throughout The
opening prices were lower, declines extend
ing Ia Y pr cent, while the trading was
duh, and further slight losses were sustained
IN the ilst few minutes Of business. These
losses were rcgnincd as n rule, though Read
ing was still weak and AtchisOn moved OIL
over point Toward noon the downward
movement was more pronounced aud the
market more active, aud Union Pacific aud
San Francisco preferred joined the specially
weak stocks Richmond NWcst Point then be-
came active. but remained comparatively
hrm while the general list became intensely
dull though New England then came to the
front aud lcd the list both In activity aud
weakness lis decline WIS accelerated ~ the
afternoon wurc along, aud notwi outstanding n
thghi rally In the list In the last hour con
tinucd 20 decline, aud finally dragged the
list with It. III lowest prices Of the day being
made at the Close, while the general list was
quiet aud weak. The active list. almost
without exception, l. lower this evening and
New England Il down 50. Fan Francisco
preferred 81, Atchison ~. Reading ~,
Northern Pacific preferred "a, Union Pacihc
~. Lacknwnnna aud Louisville 4 Nashville
! per cent each, and the others fractional
amounts
The railroad market was quiet to dull to-
day, AMI while the active issues were in
clincd Ia follow the share list, there was still
some strength In the investment ISSUES aud
the final prices are somewhat irregular,
though the tone Of the dealings was heavy
to weak throughout the day. The feature
was the recovery In tile 81 Louis, Arkansas
a Texas drts. though the seconds showed
a further decline this evening. The Read
ing issues were again quite weak. aud the
thrl incomes lost ? nj ~. Peoria, Decatur
a Evansville hrsis roso ~ 10 iOI =, aud St
Louis, Arkansas A Texas iirsts I, 90 ~.
The total sales of stocks today were 2i0,O5s
| shava. Closing quotations