The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-09

cent STERLING exchange dull hut steany NJ
: 70 for sxty-day bills and $iSSH for de-
mand.
Government bonds hsre been dull but
firm; State bonds hAe been dull and
steady.
The stock market was iomewhat mixed to-
day, but the general drifl of prices was in
the direction Of lower figures and the greaf
majority Of stocks are fractionally lower
than last evening. There was "A mariad
sentiment in favor OF a reaction this morn
ing, and the arbitnge dealers were cOnspc-
uous sellers Of stocks at yiIet opening, winch
gave weak tone TO the jisl at the oupet
and though the rest Of the list seemed TO pe
inclined to follow the example Of the Lon
don iavOrltes, there was COnsplcuolsly
strong upward movement in the spccialheb
with which Richmond a. West Point io,ned,
prevented during the forenoon any positive
declines. The buying Of the last niined
stock was stimulated by the reports Of lle
connections and their advantages, aud the
Brce and Thomas interests were promMeht
IN bidding the stock mp. IL was sOOD allcr
reported that the agreement between be lilg
-Four and the Cleveland, Columbus Llhcln-
natl a indianapolis had bccD signtd,
and those two stocks immcdlNely TOOK
the lead among the strong shares, ana
the former finally scored a gain oil
much more moderate, though It's late rise
has been something extraordinary. me
Vanderbilis were believed 10 be the princi-
pal purchasers of the two stock, and tlls
also stimulated heavier rise than might
otherwise have been made Chicago ~
East Illinois next took up the attention oil
the room, and buying by insiders scored a
handsome gain. The weak spots on the list
were the granscrs and SouthWcstcrns. the
disturbing Influence being in the shape of
kilograms from Chicago that the Burlington
had withdrawn its order 10 put In force the
Iowa tariff, though the other roads would
conform to IL, and reports that the prcsi-
dents were slow In signing the new agree
mont was also used against values. A
heavy failure In Boston WIS made the oCCa-
sion Of renewed selling Of the stocks in
which that center is interested, aud Atchi-
son, burlington and Now En- Gland were sold
OIL, the first two 10 a marked extent The
pressure against the grangers became espe.
Cillly severe toward the close, and ST. Paul
preferred made the most marked decline of
the day. The spocialties were almost with.
out exception strong aud comparatively
active, aud the ease with which any Of them
may Ice advanced at present was exempt
fed by the rise In Nashville q Chattanooga
this afternoon. IL WIS put up from Sj}a a.
81 In about an hours time. IL was Pull
mans work today, aud 10 retired to ZOO
The opening was less active than yesterday
and the losses from last evenings liz
urrs extended 10 =. per cent IN the general
list aud with the heavy tone prevailing th,
business sagscd OH slowly dur ng the cntirl
forenoon, but when the real attacks wcr,
made upon the market there was more ami
nation. New England was quite veal
spot In the early trading, while g., G., &. a
|. aud Big -Four with Chicago X East hi
noi- preferred were the strung feature, Of th,
forenoon Richmond a West Point CAV.
way Ia the afternoon, but Chattanooga bc
came the leading strpng stock, but ,u IL,
last hour ~ Paul preferred dropped sud
denly, while the whole list declined fraC
| tiunully. and after a yht reaction from th,
| loves, figure the market closed heavy an,
active. big Four Is up q per cent, G., &. &
| a J. ~, Chattanooga ~, and "a few other
| fractional extent but most of the lisl b
lower and 81 Paul prritricd b. down "a.
Burlington ~. ST. laiA. Pacific Mail. Louis
willie a Nashville, Northwestern aud Rbcl
Island 4 cnch Atcl.son sud Pullman cacl
I pr cont nnl Others fEcii1ns
Railroad bond, were MT very hcaHil
traded 300, the sale. II nll ISSUES rguch,u.
| only - lul.un. aud the heavy tom, 81 tl
| share list was seen In -ync directions. ul
| though most uf the list was ,lil strong
| There were % .muil numprT OF i.suH- tmle,
In. uui NJ mlr,ri movements were made
although Richmond Is ALLEGHENY Urf curii
Gates were specially active a. were Hisu lh
Chesapeake * ohio currency certificate. 900,
they furnished i2i1,nlO and $4,000 tu th
days total respectively
The total sales ut stock to-day were JJt. %
shares. Closing quot slNus