The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-11-20
BY TELBaRAeH. y.
na.r,. siori.. nna rlonli..

NEw YonK, Nov. lO.-Moncy on call easy
nj 20pl per cent, last loan p closed offered
at . Prime mercantile paper. Ais(eG Ster-
ling exchange dull hut nrin nj sislts for
sixty day bills, sisiA for demand.
Government bonds dull but firm. Sta &c
bonds were quiet aud steady.
The stock market today was fairly active
during the forenoon, but dull later In the
day and weak aud declining during most Of
the time. The weakness was accompanied
by a fair amount Of animation, but this was
ultcrnaicd with dali periods, when prices
remained steady aud the list without feature.
The news ol the day was II neutral char
actcr and no developments oi any kind 10
affect the market either way became known.
hut London wa,n seller Mt che opening aud
Chicago also Joined In the selling movement
later which brought the traders In line lor
lower figures, aud lines VI other stocks
were put cut which, nccelofatinu
the decline, uncovered some stop
orders which added another element of
weakness. The principal buyers were com.
m.s'ion-houscs, aud Ia some instances round
amounts Of stocks we're taken. but they had
little effect IN checking the general down
ward tendency Of prices. The pressure was
specially severe upon 81 Paul aud Louis.
Vile n Nashville, and when these stocks be.
gan Ia ~ the rest u the list followed, al
though the movements Ia most OF the list
We're confined 10 fractional AMOUNTS New
England for some time was feature Of the
trading, being well held against the general
decline, but a rumur was started that there
was io bc no contest fnr control, and IL
quickly followed IN the wake IT the leaders
Missouri Pacific displayed considerable weak.
! uoss, aud among tho sICrialtlcs Pullman was
notably weak on lirht transactions ~ wa,
also rucifc Mail. The decline at the open.
iug extended 10 y per cent, aud though
there was light business doing prices con.
/ tinucd to decline steadily. with 81 Paul aud
| Missouri Pacific leading while New England
/ was exceptionally we'll held until late la th,
/ hrt hour when Il gave way suddenly and
/ dropped over point Richmond &
West Point showed some strength
I toward moan, but Louisville 4 Nash,
| willie became the leaders ol the decline. aud
| after ~ o'clock the weakness became more
/ pronounced ami The market morc active.
[ Lake Shoru became specially weak, Will,
/ New England again stifyucd IN but th,
| general list lail"d Ia respond anA the weak
| tone continued until the close " business
| which was dull az the lowest prices OF th,
| day. The active list, without exception, 4.
/ lower this evening. aud Pullman lost .
/ Lou',,illc 4 Nashville -, 81 Paul a. Ia
I cinc Mall aud New England / .. each. Mem
/ phis 4 Charleston per cent, aud tho other
/ fractional amounts.
Railroad bonds were duh and almost feat
urrlcs' throughout the day, aud white thor,
was nu general movement or tendency 4,
/ weakness. the majority II important change,
I iu quotations arr in the direction " loWci
l hrurrs The only market feature was Ga,
/ activity and strength In the Milwaukee. iak,
/ SHORE Western convcrtiblcs which con
l tunutvi fltAVh out oi total days bust
I nCss Of lpiI ON, The declines Include Min
/ ucalulis a st. Louis hrsts 3atpl
Tic total sales ut stocks today were 2i0
/ 60 shares. Closing quotations.