The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-01
BY TELEGRAPH.
nanc,. Eonh. nna s,echa

Nrw Yoag bee 3l.-Muucy on call wa
=, 'ingcnL ranging from "a 10 per cent I:
last iuun 10 per cent. closed at ~ per cent.
hid. Prime mercantile PAPER, 5@h}s per
cent sterling exchange dull and heavy at
~ ~ cor sky day bilk.ind si.ss'. Tor dc
maud
government bond. were dull bat steady
Ia iim. state bonds were dull aud steady.
With the exception 81 the iirsi two days,
when business was almost entirely sus.
prudcd. today Nas IN al probability the
dullcst full day ~ thc year. aud only Ia tho
hr.t hour aud again IN the last houi was
there anything like animation shown IN the
market. AZ the same time the general be
lie! in their coming after the lst oi the new
year led tn some buying, aud the tone ~ the
dealings was firm almost throughout the
day. Absolutely no news of q character 10
niicct prize, was received during the day, but
London came higher TIL, morning. aud was q
puVhns.r Of n few siuck- nj tie opening,
which induced some covering VI shorts, aud
with the limited offerings this was sufficient
a. give q strong tone ~ the market what
thrv was uf H. Hut them was less disposi
ton 10 imdc than usual, even among the
traders, AMI the position fOr most of the day
was simply stand of between the opposing
furccs. resulting IN siagnnni and utterly
unintcr-iing market Some little demon.
stfation was made 10y the bears aud efforts
wcrc made e. utilize the high rates for
money prevailing which reached 10 per
cent NJ The close bat late In the day thvr
was marked increase In the number OF
buying orlcrs aud New England, cualcts
aud the Northern raciics ruled q fraction
higher In the Upward movement
Opening hgups were from =. Ia y per
cent. above saturdays closing. bat dullncrs
sci ln Immediately ani was unable to hold
up Ia the opening figures. TIE movement,
however, was tor Insignificant fractions only
aud soon ceased altogether after the early
losses VEN rI1iinpd. The market remained
singnant on u constantly decreasing volume ~
business until the last hour though rhila.
dclphia Eas ruc sharply s's per cent and
nfcrwarl lost q PARTON II the improycnt
orgou TfausconiuUnial, lackawanna aud
New England developed q marked activity
and strength, and the ret 81 the list fol.
lowed, although IN no cu-c did the advance
quote pcr cvnt Movements was short but
the market closed firm, though dull. NJ irac
tinnal advances Tot the DAY. The inil
changes arr generally fractional. hut the last
| squirt carried several stocks pgcnemlly, and
Delaware 4 Hudson usc ~, Lake Erie A
western preferred, ~, and orcgon Trans
/ continental. Reading aud Philadelphia ga
each I,r cent The railroad bond market
/ was IN close sympathy With the sham list
aud Wa dull and generally firm, with littl,
| OF no feature NJ importance. Tho sales of al
issues reached ssiI,Un.
The following are the total transact ons IL
| the NcS York Stock Exchange during ih'
past year n compared with the pcyioui
| YEAR
For lsss-Stock sharcs, o.. slA7T2. Gov
eminent bonds sG53p.OD. State and rail
| rund bonds S3I0. 81. iu?.
For iSs7--stocks S,,S2i, so. Government
bonds, sGds7, 100. State aud railroad bonds
| $50. pN2i
The banner wear Tor stock speculation va
1891, when the transactions amounted 4
| III, O1s. iO5 shares.
The total salcs II stocks today were 10,
$50 shares including Delaware aud Hudson
i,2la Erie, 4,oQO, Lake, ais. Closing
quotations