The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-04
By TELEGRAPH.
Money, BONDS nnd Stock

NEW YORK, Anil 8-Moncy on call easy nj
l,9@i per cent; last loan ~, closed Offered at
|, Prime mercantile paper iigNd9. sterling cX.
change duh but frmht SLsGI4 Tor Eixty-day bills.
ind slS34 for demand.
Government bonds have been duh but firm.
State bonds have been entirely neglected
The stock market today was strong NJ the open
lug aud the close was weak, aud most stocks are
lower THIS evening, though Important changes In
quotations are few In number The covering OF
shorts was stu In progress nj the opening this
morning and inst prices we're gene mlly from y Ia
y per cent higher than last evenings figures. and
a few shares made further ndvnncrs Of small irac.
tions In tho early tnding. There was grudt attiv.
ity which, however, was confined 10 about n half
dozen stocks In which All the Interest ccnicrs at
aud New England The market, however
s,on showed H. narrownes, ~ when the
realizing OF the traders who lately shiitcd over to
the long side began. prices gave way, aud when
the early demand had been satisfied, the be irs
again came In and hammered some OF the list
down rapidly. The cnll stocks were the hrst point
OF attack, aud LnckHwdnuh was left over point
though Reading was very well held. The cXpccta.
ton that the tolls would bo roduccl at tod,ys
meeting, which, was announced lacr la the day,
was the principal influence Wy which the stock
was weakened AftUr the first raid. dulluesI sst.
tied down upon the market nnd prices were
moved back aud forth within very narrow limits,
though the drooping tendency, which marked the
general list, still continued. hut after noon the
Issue Of the Burlington statement ior February.
with H. dccrensc of sGi,OD In the net earnings.
Notwithstanding an Increased gross, created n
very unfayombic impression aud i was the signal
for an attack upon the Changers, aud Burlington
was soon knocked ohh, Union Pacific q aud Rock
Island per cent. Chicago gas which had touched %
and met some stop orders nlso Joined the process.
sion and II dppprd point The moycmcut spread
IA the general list aud by o'clock M. the lowest
prices Of the day were rarhcd. nullncss again
brcame the leading feature. but strong buying of
Missouri Pacific by an Influential house. said O. DE
Tor inside account shot that stock up oycra point
aud half toward Tie close Of business AMI the
whole market sympathikcd In the movement. Bur
lngion and Lackawanna being tpcrially strong
The market finally closed quiet but firm 10 strong
Ut something bcttcr Than the lowest prices. The
great majority Of the active list lower tonight,
hut the only Important lUsscs were colorado Coal
~. and Union Pacific I pr rent, Will. Missouri
larihc which closed at the highest price for a
week. rusc ~.
itairuad bonds were quiet the sales 81 nll issues
Aggfcsaiing l.1Oll but outside Of the registered
Wet shorc 4. which Contributed sila.uOJ ~ the
total, them was little special animation 10 the
market rrcrs were gcncttlly steady aud the
changes ~ all but few issues entirely lusiguin.
cant The important advances comprise hur.
iington, Cedar Rapids a Northern 2 10 "; ~
Louis, b. ~, aud The Great Western lat rcccipt.
8toa.
Total sale, OF stocks today wero 2j55ls shares
IlurIuH UuUfuiIUua