The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-08
BY TELEGRAPH.
naney. nona. ana storiss.


NEW NoRE. March Money on call
/ easy at 2d5 per cent; last loan, -. pei
/ cent. closed offered az . per ccut Prm,
mercantile paper 4otG per cent Sterling
/ exc hangc dull aud fairly steady al ASK ful
! aNty-day bills aud 50 So Tor demand.
Government bond, have been dull but
firm. state bonds have been duh and
steady
The stock market ON the whole very dull
today. though few OF the leading shares.
ns usual. maintained fairly active trading
and while prccs were lower Ia the forenoon.
a mlly occurred, and u majority ~ the act.
| i've shares closed higher tuan lg,. evening.
| There wns very little In the way ~ new,
which lad positive effect upon values hui
there was mo- llgk of rumurs and stories,
which NAV have had some influence 20 deter
sales ur purchases. The tenor OF these stories
was much mixed and while Mr. Walker wa.
said % have accepted the Craftsmanship Of
thc Interstate Association. and Representa-.
tive 81 Drcycl, Morgan a CO. wa. 10 enter
the directory OF the - Paul the protest Of
the Wabash against the new fact trains. aud
threat 10 reduce rates uulosi THIS were dis
continued, and the renewal Of thc uneasy
feeling IN P'r's were equally p lwcrful.
Ey-sccrctiry Whitney aud Others were aid
To have secured control Of the New York a
Northern IN thc interest Of New England
and a large amount uf wheat taken for cN-
port helped along the good feeling late In
the day. There was no disposition {" buy
IN the early morning, and the bears forced
prices OF by attacking the coal stocks and
those shares especially Reading aud lIcki-
wanna, were more active than Tor many
DAYS, but the concessions made were only
fractional. S. Paul came IN for some attcn-
ton. but q new bull pool was said to hc
operating In that stock, and IT, lir-t price
was a., lowest for the day. There was con
siderable trndtng also iu Union Pacific. but
Us fluctuations were unusually small, and
the chief interest IN the market was conferred
In few Of the spccinltivs. The efforts ol
the bears brought most NJ the list down Ia
something below thc opening prices, which
| we're gcu rally from : : To - per cent. lower
than last winnings figures hy noon, when
| the rumur that MIR Walker had sent
/ in his acceptance started aily aud
| the buying from that time out wa,
| better than the selling The cunspiru.
on, weak stocks were e. &. g. 4 I. aud Short
| Line. aud the former dropped from az Ia
| 80 recovering only small portion Of the
leo. IN the afternoons rally, while the latter.
! opening up per cent. at ~ aud advancing
| a. hS, rapidly declined to 81. thc,upcaAc 4
| Ohio 1T preferred stock was again uonspicu.
! ously strong aud active scoring material
| gain, although the other stock. oi that com.
! pluy Jailed 20 respond. Tennessee Coal was
! the most prominent strong stock. aud both
! the common aud preferred made mHrkoi
| gains Perry Coal. however. wa. also ycrl
| weak on light transactions The highest
| transactions ui the day were generally
reached in the last hour, but the murkcl
| closed dull but Hrm.
Railroad bonds were irregular. with n,
marked movements outside ul the wcaku,.
| boz DrnycrN Rio Gmndc Western nsscnici
bonds which Lost prr cent NJ So Ihcillc
| OF 40 Issues wcrr ~ 5ut.up.
The total sales Of stocks today were III,
| as shares Closing quotations.