The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-10
BY TELEGRAPH.
Money, Bond. anu STOCKS.

NTw YoRK, March 0.-Moncy on call
dull aud easy, with no loans closed offered
at ---. Prime mercantile paper. lA6sGA
per cent Sterling exchange dun but steady
nj j4.sjA for siXty-day bills and SASSY for
demand
Government bonds have been dull and
steady state bonds have been entirely
neglected.
The STICK market was more sstiye today
than during the same llpurs Of any previous
day this year. and WAS decidedly weak in all
g. departments, the result Of the Trading
being material Losses IN quotations all over
the list. There was a timid feeling at the
opening this morning aud the selling by
Chicago aud the local operations were very
marked. prices on the first sales being from
Z ~ = pee cent lower than last evenings
quotations all around, while Omaha COM
mon was exceptional, with drop Of I q per
cent There was evidently no effort 10
support prices, aud the decline was rapid
when the news VI u panic In Paris came In
to help prices down, and the selling became
more general throughout The collor-
gmngcrs aud Union Pacific were especially
active, and felt the full force Of the pressure,
and among the sprcialtics Tennessee Coal
received most atiens,on aud lost large pro
portion of IT, late gains. The traders put
out great many stocks, encouraged by the
bad adNiccs from the other side but nj the
low figures good buying came in, aud by II
o'clock the decline had met with n check,
aud the market Tot the time being became
comparatively dull, while slight improve
ment was shown Ia quotations, The Oregon
stocks were cUnspiCuously weak IN the iint
drive. aud Short Line dropped nearly
points. while the others were held mp bet.
ter. Toward noon the bank statement was
issued aud showed loss ~ over 100000
! in the surplus reserve, and a rumOr that
| S3.UO1DJD had been shipped West brought
on a renewal IS the selling movement and
prices again rapidly druppei reaching still
lower figure than had bccn-seun. during the
| first hour. The rumors also stated that large
amount 81 gold had been taken for shipment
TO Europe, but inquiry developed the fact
that none had been 20 taken but that there
wa unusually heavy inquiry for cable trans.
! fers. presumably Ia aid correspondents on
J the other side w trouble. No improvement
was scen In the list aud the market finally
| closed active and weak nt the lowest prices
/ Of the day The entire active list Is lower,
and Louisville & Nashville lost ~ Union
| Pacific Is, ~ Paul 1, Reading and Oregon
/ Navigation iji each, Cleveland. Columbus,
/ Cincinnati q indianapolis, Colorado Coal,
| incknwanna Manhattan aud Tennessee Coal
onch per cent, and the Others fractional
amounts.
Railroad bonds failed 10 respond 10 the
uctiyiiy aud weakness existing IN shares and
were dull the sales 81 oil Issues aggrogating
only t5l0OD0, aud while q weak tone pre-.
vailed for some time. prices were well held
| throughout and some marked advances were
established In a few issues. No special fca
tnrc marked the trading Among those
which are higher this evening. Long Island
lists rose 20 10 l22lS, Mexican National lists
lost ~ NJ 100. The sales Of bonds for th,
week were tg,Hj,OO0 against g. isi,OO lol
last week
The total sales Of stocks todpy wose 49,
OJ2 shares. Closing quotations.