The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-19

dun but steady at 4so1z for sixty day bills and
Coz Government bonds were dull but strong. State
before the holiday there Is no business dlsposl,
tlon 10 enter into tho now contracts ana most OF
he traders closed out their old ones which served
N make the business OF the day mp 10 the average
of late The news Of the day, however, was qulie
favorable Ia the main, the lrst being the reduction
of the Bank of Engands rate OF discount IRON
10 ~ per cent This was followed BY the defeat 81
the bin before tho Legislature OF Minnesota 10 re-
duce the rates on grain In that state, ana the COW
crug Of shorts by the traders gave te mr nosi
linn tone The opening figures were in most cases,
from - 10 " per cent higher than last evening
closing prices, and although business dohe was
confined 10 u smaller number OF stocks than usual
almost everything moved up small fractions iur-
Their In the early trnding. The decision OF Judge
Gresham making the injunction against me wagner
company perpetual was felt IN Pullman again, ana
Il Oencd up ~ per cent. at 100 and move up per
cent further but could not hold the gain ana re-
acted to lSs. The opening OF the Territory OF OKLA
h0ma Is expected to bc OF great benent TO Alchi-
| son and that stock was up imetonaily, ana lhe
| influence reached Missouri Pacific although the
latter was helped by the report Of increased earn,
| ings. Dulluess bccamed the great feature anu All
| nuctuatlon. were reduced 10 the smallest limits.
1heialure Of the llousatonc road to secure permls
sion 10 issue bonds for an extension TO the SOUND,
| which was supposed TO be made ~ the Interest ol
| the New England, acted upon that stock ana II
| scored a loss Of a per cent The movement ex
tended TO the rest ui the stock reaction was slight
| aud before 2 o'clock the upwnrd movement wa
| resumed Inc AllNuuhtti lshhN SAulN ~ NNaNNti
| stocks and especially the common mace mplt
progress at this time, and later Chicago Chs becan'
| very active aud strong and succeeded IN crossing
So with n large fraction to spare. Chatnnoog
| also displayed marked strength and advanced owe
| 2 per cent In the afternoon. The Oregon STOCK
| wore strong, although very little attention wa
paid them, while Philadelphia Gus was veal
| spot IN the list There was considerable pTesur
again upon Reading, but It's iluctuation ior IN
day was only ~ per cent aud Us hnal los insip
nllcnnt Among the unlimited shares there WI
u further drop Ia sugar Trusts, but the others Wer'
qulct, and Brunswick closed AMY. Tho genera
list reacted again slightly IN the last hour, but h
Gloss was nrm, while dull generally at about IN
best prices rcnchod Most Of the active stocks mr.
higher Pullman Is up "a, Oregon improvement
| ~, Milwaukee, Lake shore Western IA an
Chicago Gas ~, while Philadelphia Gas lost
per cent
Railroad bonds again showed a moderate degre
vi animation aud sulCs OF all Issues reached suOO
Oul out OF which the Milwaukee, Lake shore
Wet m conyertiblCs furnished sl3,OJ0 lhos
bonds were the feature Of the day and were atfon
| all the way out, while the temper Of the rcmnii
der was somewhat mixed and ilnal changes ~
irregular The advances Include Louisville
Nashville, Cccllian branch, a. Ia ~, aud PcorI
Decatur q Evansville ints, . lWiR
The total sales Of stocks today were 100 IA share
. | Chasing quotations