The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-02-04
INSURANCE STOCKS
MISCELLANEOUS.

New York, February 8.-Money on
call easy at I4G2 per cent. Prime
meIcantile paper, 4(a5 per cent. SteI-
ling exchange dull at 486 for 80 days
and ass for demand.
Bonds-Government bonds were dull
and STEADY to- day. Safe bonds were
dull but firm. Railroad bends were
less az Give, the total sales being &, 1885,
COO, with an upward tendency. AT
the office OF the East Tennessee Com
pany, in this city, it Is stated that the
committee had signed the reorgsnizi-
ton plan, bat that the details of the
scheme would not be made public un-
til tomorrow. l. was slsO said that
the published reports purporting TO
give q syBo osis Of the plan were in
correct
Stocks we're very active. but more
or less feverish and irregular. Prices
at the opening showed changes rang
ing between an advance of and a
decline of al equal amount for the
active stocks, and during the crest n
part of the forenoon the market
showed considerable weakness. A
raid vas made upon Northwestern,
driving the price down l per cent.
from the opening, which was ! lower
than it closed last evening Union
Pacific and Louisville and Nashville
fell A each, Western Union ( and
Others smaller amounts. The decline
was checked shoIt y after ii o'clock,
but they continued irregular and IN
set led until altar midday. The i'm
portsDt exceptions to this general rule
were Lackawanna aud Delaware aud
Hudson, which were strong through
,Out, the former selling up in the fore
noon to 1874, and, after touching 1868,
advanced in the afternoon 10 1851. In
the last hour it cold off .a1d
closed at 1874, q net gain
of 81, and since the opening
Monday morning Of Il. Delaware and
Hudson gained After midday the
whole market responded to the
strength manifested in the two coal
kt)oks mentioned, Lake Shore, North
ern Pa lific preferred, Omaha and the
3raDgers being conspicuous for their
strength. Ia sympathy, however,
with the coal ocks they closed gen.
orally litls below the hest figures,
with advance ranging from small
fractions to IL. The market was de-
cidedly irregular late in the afternoon,
but closed steady. There were many
rumors aft AT OF cuts IN eat bound
freight rates, but the street was well
supplied later with positive denials.
Other news, each a rehssh of former
stories. especially abo1t the Pennsyl-
vania, Lsckav anna and Lehigh VALLEY
proposed combination, was unim-
portant.
The total sales sol stocks to-day were
5l9,2l4 shares, intending Canada
Southern, 5000; Delaware, Backa-
wanna and Western, 12S,000; Della
ware and Hudson. IL $40; Erie, To-
O60; Kansas and Texas, 1892; Lake
Shore, 63,0s9; Louisville aud Nash
vile, 1880; Northwestern, 1885;
New Jersey Central, 10 395; New York
Central, 10 765; Pacific Mail, IL, 305; st.
Paul. $3.50; St. Paul and Omaha,
1900; Union Pacific, 1885; Western
Union 24,235; Northern Pacific pre-
terred, 22,OS0: Oregon Trsnsconti-
mental, 1912. Closing quotations.:
6oVEREKEHrs.
q, s. Sc, l0OSk. New Is, l245k.
GeW rs, Il2SS. Pacific Sc Of 1886, ll6.
BONDS.
Q. P. hrsts, 11sN. 7. P. land grant,, ss2s.
Erie seconds, az. 7. P.,- Rio @. div, 50.
Len s Wilkes, iG6.. Y. ?, arIts, ll5sl.
Louisiana cons, sex. o. P. land 6, l06.