The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-29
BY TELEGRAPH.
uonr,, IIond. ana stoek..

NrW NuHk Jan % Money On call easy
at o. tp . per cent. last loan per cont:
closed Offered nt pcr cent Prime mrryan.
tile paper iCtb per cent Sterling exchange
dull bat steady go st.sG'. for siNty day bills
and i.SSA f1r demand,
Government bonds were dull hut strong
State bonds we're dull and iraturrlcss.
The stock market wa. again very dull tn.
las. except 10 opening aud close aud prices
wcrr on the average on higher plane than
thr nunl igurr- saturday ihr trailing boo
thc general list, however presented little ur
no feature II Interest, being confined tn
sUalpiug operations ut the upm trader. The
Atchison statement WIS seen tu have been
quite ciCrtually discounted although the
bears on the strength ui the large deficit
h1wu fur the year. started Boo 10 thr uprniur
ut business tu hammer the stn,k down The
drive wns severn and the price vt the si,rk
WIS brought down lr,s than ~ Der cent
Heavy selling was dome hy Boston
HOUSES hut TIE local contingent were not
lille Tie movement extended tn Missouri
Pacific aud th, stock iii mot Show the be-.
operative power that Atkinson did. sufcr.
ink NOT only MON Boo the decline. bat failed
tu recover when the rst Ut the list grow
strong as Atyhisuu did. London was muI.
cmtC buyer ~ the early morning bat the
foreign purchases WDrT not factor iu the
stu,k market although they were specially
significant in the bond list There we're "a
lew shares which developed marked
strength such hs Pullman and one or two
other sprrinltiu- but they had No effect
upon The general list HE news 1T the dny
was oi an encouraging character especially
That thr presidents in session ~ chicago had
made q settlement ui the territorial uurs
ton. The LACK ul success " the bonrs in
getting The lIsi down after the iirsi hour I'm,
nlly started 70 towering movement which Hs.
sumrl larger PROPORTIONS in the last houfand
Airhisun not uulN rrDuNCrri nll iis early luss
but something in addition. Flint prices wrr,
generally from to y per cent higher than
saturday, tull hrurrs Boo sympathy with the
higher market fuf Americans IN London. hnt
the drive nt Aich.sun and Missouri Pacific
Soon started q downward isDNvinyut iu the
ryuVml lIsl Atrhisuu yielded 1.r aud Mis-.
souri Pacific I &c and while tarkawuuua was
attacked rather sharply ~ loss was only
fractional, aud the impression upon the rest
was entirely insignificant After thr check
was given Ia the decline, intense dullurss
uNynprDad the list. aul while u firm under
tone was shown, there was mo- movement or
lcutuU 10 thc dealings except the advance in
fullman ln the lnsi hour however, the
covering ~ shorts. With q more confident
buying iur The long account led to q marked
increase in the amount ui business done aud
n full ruyu,yN Boo almost everything traded
in. Tho close was active and strong and
generally 90 the best prices OF the day.
Missouri Pacific. which BE- down &c. ami
Pullman rusr 3's Aichson ~ and Louis.
willie n Nashville pr cent
The railroad bond market was more active
than any dny so Ear this year the sales OF all
issues reaching sJ.751.O1 Hat the rrpai
feature If the dealings was the extraordinary
demand fof the leading iwurs. especially the
q. which furnished tll2iuoO out of tie
total The first incomes contributed S2,s.u0
aud the Chesapeake n Ohio q certificates
t2U0Ooo. The tone uf tho market was very