The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-12-19
BY TELEGRAPH.
Money, Bo.d. aud st.et..

NEw lORK, Dee is.-Muncy on call easy
nt sos per cent; last loan D. closed nj .
~, per cent. Prime mercantile paper 5Cl
b's Sterling exchange dull and easier at
sLSi. for siNty-day bills, and SlSsA for
demand.
Government bond dull and stcady To firm.
State bonds were dull aud frm.
There was les i'm and snap TO the mar.
kct today, and besides showing marked
falling of Ia the amount Of business
done, prices wee ON lower level than last
nights figures throughout the day. aud
many stocks especially the gmngrr., are
materially lower this evening The rise of
yesterday Offered q greater opportunity to
accept profits ON the bull side than has or.
CURED Ia some time, while the heavy buy
ing To cover shorts was entirely lacking a..
day, aud aside from the professional deal.
iugs there was little or nothing doing. lead
ing operators also again holding aloOi The
traders were taking profits aud the taking
ran the temper ~ thc ruum being cons, ryn.
lively bCarish throughout the day. Further
engagements NJ gold tot export aud the eNi.
dcnt hardening of the rate. ipr money. which
were run up Ia q per cent during the dny.
encouraged the bears To pui Out further lines
Oi shorts, and the traders tDnk hicr on the
short side. The special point IT attack WIS
liuck Island, and there was a renewal II the
talk about reduction II the rate VI diyi.
| drnd, While The support oi yesterday was
lacking although there Wa 40 times quite n
| lhiEc crowd dealing iu the stock. The attack
upOn Rock island turned attention 10 the
other changers aud they were all weak In
sympathy, though S. Paul was affected by
the reduction VI sja,uoI Ia the earnings f1f
last week, which was yo-y Disappointing.
no explanation except the one ui low rates
/ being given. ln the iuryuuun Missouri IA.
| cinc. and afternoon New ENGLAND. we're
among the weak spots, while neither
/ dd more than very moderate
| business The reported difference Among
| thc Richmond 4 Wet Point dirrctnr.
/ weakened the preferred siu, L materially aud
u dropped I y per cent with but SLIGHT ~.
aruon. The other shars were nll dun aud
| generally followed both. The number VI the
usually inactive stocks traded IN was very
| large, The engagement II gold was after.
ward cuuutcrunndcd. bat " was loo late ~
have any effect upon the course " prices.
The market up'ncd tame and without mate.
unl changes. Weakness appeared immcdi.
ntcly, while the truding YVES confined a.
three ur four hiu,ks on yCry moderate bus
ines. Throughout the DAY kuck lalaud aud
Richmond a Wet Point preferred wcrc tle
leading weak sruis, aud although % sharp IT,.
coNcry took place in the fret hour when tho
best price, ~ the diy NUtc ystnll shed. the
downward movement vas soon resumed on
became mufc pronounced as the morning
Nulc along. Lack .NuUua. Missouri rarih,
aud New England ia the decline
but gave way g. 81 ranl Ia a.,
afternoon. The market gradually brrnm,
more cifcunrrhb,d and positive dullnrs,
bytnmr the lrainig feature though the de
cline made steady pnngrss anti the last hall
hour when ull motion disappeared innm th,
list ahd TIE market closvd very dull an,
tHtTlN steady at or tiUsH tn thp iuWg.t t,f .,..,
ul tht da,. Ihv active hst almost without
exception, u lower nui Rock Island ius
~ ryr cent, 81 Paul -. Missouri pariH,
-, Manitoba I, Burlington a Quincy / i,sl
cent aud the Others functional amounts
Railroad bonds Wvnu mufp active tnIav
! although tho general list showed little. 4
any, improvement over the very limitr,
husints' Of the past two or three week.
Reading second Income Wus rsrtptinn.t a