The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-15
BY TELEGRAPH.


NV YoHk. Jan. ll-Moncy on call easy
at sd3 per cent; last loan 3 closed offered
at -. Prime mercantile paper l9.@d's.
Sterling exchange quiet but steady, with
actual business ut iiS,if Tor 20 day bills
aud sass for demand.
Government bonds were dull and steady.
State bonds Wcro dull and steady.
The stock market was more active to-day
than it has been for a long time aud IT, tone
was decidedly strong. while there was no
marked improvement Ia quotations except
iu few ut the spcCinltieS. There was q
much better feeling in the street this morn
Ing and most " the advocates u higher ig.
uros were ycyr hopeful that the long "a.
pccicd Improvement would arrive this week
The foreigners had moderate buying orlcrs
iu the market aud the London figures we're
higher than our prices II saturday. aud the
Response 20 the improvement was very
marked here. There was good buying or.
| der. all over the list, aud the market started
with quite d boom. but free rralimtiuns from
| parties who had bought some time ago upon
| the formation II the new agreement which
hai The effect u preventing any further
marked advance except in the spccialtics
, and IN only few uf them Wa the move
mrut in prices remarkable There was pr.
scented very animated aspect, aud thi. was
true Throughout the forenoon after which
| time the demand Stacked OFT aud especially
| lrum foreign sources. The bear, made de-.
/ tcminci resistance Ia every eight gained.
aud when the demand iUr ,iocks died away
/ their operations gave the d., somewhat
/ a ioycrsh and undated appearance. More
| confidence was shown later in thc dly how.
| cycr aud thr upward movement made
| further progress toward the rlusc The
rmnrr uni sluthVc.tcrns attracted most
| attention, hut tho business VS. very we'll
| distributed through al ihu active lst There
| were many bull points upon New England
| ailuat aud The stock was very prominent in
/ The iurcnuon's rise. hut made NO further
| gain after that time. Among ihcspcyialti,s,
Pullman lcahmc the feature ct the
day aud after small decline rose rapidly
about . pvr rent Omaha aud COnsnlidat,d
Gas were nIs' rpmiucnt Tor the strength
! displayed nnd these stocks ur alone this
evening iu showing marked advances. The
opening hluus we've nom =, az = per cent
| hirhrr than Saturdays prices generally,
| while omaha was exceptional with gain ui
| Ior cont The market was very active but
no further Improvement was made lev prices
and there WIS even % 10 ht falling oil In the
early trading iu most uf the stock, dealt iu
THIS was soon recovered, however aud
iuvnm noon mnrr decided strength was dc.
Nrl"rrl, although cotton oil was exception.
ally weak. dropping over pvf cent The
dealing presented 40 srccin features aud
after noon ihc market became quite dull at
umcs, with prices stationary. Pullman be-.
came fionnF. but iu the net " the list the
movements wow confined tn the narrowed
limits, IhCnu was q better feeling toward
thc tlrsc. and the market advanced slirhily.
iiually clusins quiet but firm. ~ bat slirhi
changes from tie opening prvrs ThC hnnl
vhanws are almost eli he the direction vi
higher hrufDs although they are tot fmc
lehhl amounts ONLY except iu Pullman.
which rusU a., Omaha 3 aud Cousnl dated
Gas g.
Railroad bonds gave additional evidence NJ
HE improved feeling he srrurIurs iuliy.
bcing hlih moW active md str,usrr fl4f