The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-12
BY TaLEaaAPH.


Nry Youg. Feb IL Money on call easy
ut tDo 90 per cent; last loan . pr cent
closed Offered 90 per cent lrmc mcrcan-
tile paper iDtG per cent Sterling exchange
dull but steady at sissJ for siNty-day bills
and slNN'aiur demand,
Government bonds have been dull but
nrm.
State bond, have been dull and steady.
The stock market WIS remarkably strong
today although thc advances sDurcl wcrr In
the spccia.t,cs principally, aud the three
leading groups ut sharsaIhH trunk lines.
Gmugcu and Coal stovksHwpfc al quiet aud
luyiuutcd within the ulrruWr.t limits. The
late report Of the transfer Ut the Bir -Four tn
the Bcc Line may have had something io do
with ihc strength in the market, hut these
stocks were neither II them active aud
neither made advance. There was heavy
selling Of Chicago. Burlington q Quincy Tor
lip-tuu account. aud This had some influence
Ia check the prevailing buliish feeling. but
IT, elect upon prices outside oi the
roads closely connected with Burling
ton was very slight aud " was sub.
jcct II universal comment that In the face
VI such decided weakness la that stock that
the general list exhibited such marked buoy
uurN. The rumor that the Nebraska Board
1T Transportation intended a. demand the
adoption oi the Iowa tarin, was the chief
cause Tor the weakness displayed. hut the
rep 2, 81 the earning. Tor the past year was
not without IT, influence and stock declined
over per cent, although msicral rccov.
cay was made hriur thc close 1T the bust.
nrss The iiyt that the Union Pacific fund.
Ing bill hn. no last got before the senate was
the occasion making Union Pacific aud
Oregon Shur LINE tie fraturr. uni in both
very large business made marked advances
Among The specialize. showing the impur.
iant changes made arr Charleston, Peoria
D Il o. Z.
trrruNillr preferred. Pullman Ni-riuin
Midland. Denver Texas a Fort Worth
certificates and Evansville 4 TERM ilautc.
| AZ thv upruiuF 81 business the FEELING was
NcrN hullish. but nrt prices WCrr quite Or.
/ regular as compared with the iln1l Hrurr Ut
sales, but advances Wvr iu majority
aui The exchanges extended tp pr
! cent The market suuu gathered strength.
/ although burlington shuN,d at once the
weakness which nitCrWnpi Became .l marked
feature Of The dealings The spccinltiv-
/ touk thr lead iu the upward movement but
uurun Shur line came a. the iruut soon
I followed hy Union ruTitr darlington was
strongly attacked after noon. aud the trnd.
/ Ing in The ust Wns sumrWhat restricted hy
| 10 iuf some time. bat The lisi ,ppn nroyrrrd
/ a. tone aud further gains were madc all
along the line and the weak steaks made
some ucuNVrN before = o'clock Nm. The
amount II business dome underwent on iu.
rra.r With The ryturu IT confidence aud the
last hour was NrfN active, aud the market
/ closed strong generally ~ the Close tu the
/ best hEurvs. darlington shows a los ~ 2
/ Icr cent, bat The rest ~ the list arr almost
/ invariably higher. aud Union Pacific rusc
20. Denver Texas a Fort worth certificates
~. iallmnn Peoria nrraiufN Evansville.
aud Canada southern = pyr bent each. St
/ Paul Z III. and Chicago a Eastern Illinois 1
/ per cent
Railroad bonds vcr active but regularly
we'll distributed uo one Issu, showing any
/ special animation. although the sales -.
/ tended % - sNut' The tone wa generally
/ strong but Was uuict Irregular aud hunl
| changes ore divided The gains Include
| rruria 2ls atnt THE total sale, ni stn,k.
to-day were ait,ip SHARES closing quota
tiuus