The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-06-26
BY TELEGRAPH.


NEW YORK. June 2b-Money on call easy nj 90
to per cent? last loan, per cent; closed offered
nj per cent Prime mercantile paper ;At9hn
per cent sterling exchange, dull but steady at
$40 for sixty day bills, aud sass for demand.
Government bonds have been dull aud steady
State bonds have been entirely neglected.
The stock market today was trmer and more
active for railroad shares and the trusts weak
ana ieyerlsh, occupyinga less prominent position
In the transactions, although they were still cX.
ifemoy active and the sales OF lead again crossed
tic 10000 mark. I here was no news Of import
Ancc TO aiicctany portion Of the market though the
rumor Of the absorption Of the Atlantic works by
the Lead Trust was again used TO advance the
stock. It's fluctuations, however were on much
smaller scale than yesterday and after the
grst few minuies' trading It's ione was
dropping and rather weak Sugar on
the other hand, was weak from the out
sot, and toward the closo dropped 20 about
saturdlys figures. In the general list the specu.
latlye activity was all In New England, but while
the stock was strong throughout most Of the day
there was but fraction left Of the improvement al
the close. A small Hurry In money toward the
close, which sent the rate on call up 10 per cent?
had much N do with the reaction ai that time aud
all the strong stocks Of the forenoon yielded ma.
ierlaly. Pacific Mall became quite conspicuous al
Of the loss u one Of the Company's stenmens but
when the general market began W wake mp II re-
covered nearly all the loss from the opening hgurc
although having opened down II showed a marked
decline at the end Of the day. The Hooking Valley
securities showed more animation and the stock
became one Of the leading strong stocks though
/ " "
There were further reports OF fatccuttng IN
the West but IL seemed 10 have little or
no effect upon the fIangCr, which were compare
lively quiet, while the cual stocks cspccl.
ally Lacknwanna and Reading werc active and dis.
played considerable strength, being better sup
ported than usual OF late. The stocks Of the Chi
Cngo 4 Eastern Illinois wcrO ngain prominent for
the strength shown, but their hnal gains were
small. The opening was rather heavy, aud first
prices were generally from TO q per cent lower
than last evenings hgurrs, though good sign was
/ the comparative strength shown by the shares Of
the regular list and the decrease IN the animation
/ Of leading trusts Transactions In lead were on n
small scale, however. aud the fluctuations In sugni
were very wide aud the gain Of yesterday was losl
/ ~ quickly a. Il had been made. In the general
/ list the strength shown Ia l.acknwnnnn New Eng
land aud ZONE Oihcr spread 10 the rest 81 the mar
/ kct though Pacific Mall was weak. The excitement
Ia the trusts died away, and the fluctuations after
| the nnt hour were made within n comparatively
narrow uuge. The stocks Of thu regular iist con
| tinucd strong aud prices slowly crcpt M, though
there was little animation outside Of the few Load
en- until toward delivery hour, when the rcalixi.
| lions boran und the market moved % slowly Inc
close was quiet and fairly steady generally small
| fractions better tnun opening prices. sugar dis
played The most cNtrcmc weakness In the Last hour
| however aud DROPPED 70 nor though portion
/ Of tie los wus Uo1,ercd IN the last few minutes
There were sales Of iil,t6 shares Of unlisted stocks
Of vhic Lead Trust furnished il0g7A. sugar 2S.oti
/ and Cotton OIL il,jyl The final changes arc gen
orally ior fractions, but Pacific Mail l. down ~
ThCru was the usual lack Of feature Ia tile rail
| road bond market. but the iouc Of dealings wa,
/ strong Hni except the Ohio, Indiana a Western
/ htts. which dropped 10 Yer cent 10 o.. and th'
| Kansas a Texas Issues thcrc was no weakness
anywhere apparent. Tie sales fcnchcd i,hiiUl. I,
/ b. when the thC,npcHko Ohios ~ cunifibui,
| 5000 GalvCsion, Harrisburg a san Antoulc
hnsts ruse 20 100, aud Toledo, Ann Afbof 4 Gmnd
| Trunk hrsts I 10 ii,.s
Inc total falcs 81 stocks today were 1905.
I CLEARING