The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-05-21
BY TELEGRAPH.
Nancy. I,onds and STOCKS

NEW YORK, May 2o.-Moncy on call easy nj
~ to per cent last loan ~ per cent closed Of
fefed nj ~ per cent Prime mercantile paper,
3lSaI pef cent Sterling exchange duh but steady
at SlS1 Tor sXtydn bills and Slhs34 for demand.
The stock market was more active today than on
ans dag since the centennial holidays, but there
was less excitement than during the last few days
OF last week while firm b. strong tone marked
the dealings from opening TO close. The traders
were inclined 10 sell the list ON the theory that the
short interest had been entirely eliminated FROM
the mnrsct, and In some shares they did succeed
In Cnusing small reaction, and In Others IN pre-
venting the advance which otherwise might have
taken place. The transactions In Oregon Trans
continental were smaller aud Of less prominence
In the market. though the stock opened With an
advance Of per cS cent on TINS b s S.y h SNG
the stock nflerWurd dCcllnCd steadily until IL
touched 80 against u ut the opening. Cash sales
NJ hrat lhowCd u difference ct about per cent
from the regular Transactions, but this difference
slowly dwindlcd down "a 20 before the close.
The stock finally closed ut about the lowest for the
day. The excitement IN that stock, however, was
shifted over 10 the Northern lncihc Ia which
there was very good buying, especially from Phlla
dcphia aud the traders also turned Into buy, the
rumor being that there WIS another contest Tor
control Of the company growing ont OF the Trans
continental
The activity ard rdynncc In the stock increased
Ms the day wore nlOng ana IN the last hour the
business done was unusually large, while At the
highest prices tN advances were between and .
per cent The grnngers were also very prominent
In the market and all moved mp slowly on very
INT ullhlutfh lOt Nihl tAuthH NNIt NV nNSlNNWh
and all made advances, though jersey Central,
Lacknwanna and Dolcwnrc Il Hudson were most
PROMINENT Union Pacific was rather heavy,
| though the stock was not nctivc aud did not at
/ any time occupy prominent position IN the mar
keL The rest Of the list were quiet and generally
/ firm. The opening was made ON moderate de
gree Of activity aud flint prices were generally from
! - To " per cent better than saturdays closing
price aud while ImnfcontinCntnl was per cent
/ higher. Il rapidly declined Gis per ccht though
this had seemingly no effect upon the rest Of tho
| list which displayed n firm to strong tone aud ad
/ yanpcd slowly. The Northern FnCiic suor
| came into notice. anu the common started
NJ before noon while the preferred did not feel III,
stimulus until later The selling oi the traders rc
suited In fractional decline though in the genera
! list Ia which Chicago dns was most prominent
but the losses were confined 10 smull fractions gen
/ orally The Northern rnCliic continued To rs
steadily, and In the last hour the remainder ais,
moved up. the market closing fairly uctiye an,
/ strong. 1mnsconlucnthl shows los, Of % pc
cent aud q few other stocks are irIctiunnlly lower
/ Northern Pacific rose ., the preferred - Manitoba
/ "a, Jeraey Central I per cent and South pucln,
/ ~, Railroad bands were somewhat more nul
/ mated today aud the firm tone which has mnrkc,
! the dealings ol late continued leaving most q
/ the itmCs traded IN lucuuullly higher, with thl
/ declines few aud mr between. The uilCs Of an J..
| sues uggTpgnud sl,5tnVu0 uf which Duluth, kuutl
| shore u Atlantic iss contributed sljl1O aul
| the Chesapeake Is ohio "a sll2uO Among lhos
/ which ar higher this evening arr Chicago, llul
| lngtou Norlhcm ~ rosss 80 lus aud Mobile
Texas lists, cN-cuupon ~ at 40 aud the IDS
| alta
/ (luIIuu quotations