The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-05
BY TELEGRAPH.
Money. Bond. mud stocks.

NEW YORK, APRIL i.-MOncy on call easy az y 10
per cent last loan at B closed offered at ?. Prime
Mercantile PAPER 4IS@6JS sterling exchange dun
but hrm at Hs5,t for sixty day DIS ana slos+ 'or
demand.
Government bonds dun ana steady hthle bonus
entirely neglected.
The stock market today after sor.e hesitation IN
the forenoon became more active and decidedly
strong aud advances were scored all over the list
everything sharing In the improvement, aud the
result Of the days trading Il TO leave almost every
hi ng materially higher than last evening The
feeling this morning was generally In favor OF an
advance, hut the views OF President Robertson, ne
ported from iittsbufg created ieellng OF nest
inncy aud the buying In the market did not AS
hnme large propoi!ions untl ia,oI ~ W.
uterances about Missouri Pacific were published,
and Notwithstanding that he denied that MI uoulh
was seeking an entrance into Tue Atcnisoh uiIsc'
tory the street attributed the rise In Missouri Pa'
cihc and that stock 10 purchases for Could account
The ncws Of the day was not OF character spec.
tally 10 Affect values. but the announcement WA,
Mr Walker had arrived at his oflce In Chicago and
would soon begin work had n favorable influence,
Missouri Pacific. Atchlson, burlington ana Head
Ing absorbed most OF the Interest ~ inc deailnss
but the other grangcrs aud coalers were not neg
lccied especially ln the latter portion OF Tue day
The weak feature was Chicago Gus, which declined
about polnt an the face OF The strength shown ny
the rest Of the list. The opening was quiet and
somewhat irregular but generally from - 10 -
l,ef cent higher than last evenings quotation,
while Northern Pacific prierrcd was exceptional
with a rlsc Of "a per cent The buying Of Missouri
lacinc began soon ui or the opening and II got
np nearly = point before the pressure upon
the rest ol the list affected IT, but cnthing else
except Atchisnn retired n shade below the opening
prlccf The gain In Missouri Pacific was hnally
lost after which the market remained quiet al
though the list began 10 move up again immedi
ately aud before noon Missouri Pacific had touched
40 q gain of ~ per cent, which proved IA be ~
bot price for the day. After ~ o'clock general
upward movement was inauguraied, which gath
efoi strength a. the day wore Hions and the mar
kot behaved more Ike genuine bull market than
az any previous time this year Before delivery
hour the highest prices of ilw day generally wer,
reached aud the grangcfn were specially Conspicu
Gus aud ~ lnul rusc a point AtchiSon took tn
lead Ia tho Last hour aud rose sharply. The mar
lei clo.ed quiet but hrn generally at about th'
best prizes 81 the day
Railrnad bonds wcrc a little more active and II
sympathy with the improved feeling In shares
which were decidedly strong. Thcfc was very lltu'
special feature 10 the dealings, but Reading hfs
Income, werc active aud contribute s0suOO 10 tn
days total Of 81 40, 80 while Texas Pacific Issue
we're remarkably strong Tho Denver nScnied
bonds wcru dull today and sluggish. The pfin
elpal advances were ohio q Mississippi consoli
dated sinking fund y 70 ii71s. and Great Western
second receipts 10 ~
The total ralcs of stocks today were 2I,Ih
shanra llUwluu uuUtntlOuE