The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-23

cont Sterling Exchange dull but steady at 1904
Z Government bonds were Strong but dull s'a'e
bonds were dull and steady ,,..
The I'M lock market today was duh but generally
arm md slightly higher than saturdays closing
prices In few shares. The dealings conthupI "
be almost entirely professional ~ character, apo
he holiday In London and Boston served 10 70.
strict 10 soine degree the amount OF business, but
there was some buying for L2ndon aseonnl espe,
ciaily ia louisville & Nashville while orders 70
Inv New Tnglnud were executed for Boston. Inc
statement OF the Union Pacific OF Us busipess ior
Tic past year was regarded In an unfayofaDle ight
ms ii showed a decrease In the earning power OF
The company and Me hope OF DIVIDENDS seems
more remote than Tor long time. ms tnoWinH
weakened the stock and in the active llAi
1t was the special weak spot but ha ad
plenty OF company among the low'priced
shares and Short Line dropped over percent una
Hooking Valley was equally weak at one lne
The decreased earning OF the company was lne
primary cause OF the slump inducing halts Oh lonB
stock but the old rumor OF n default in tho june
Interest was revived aud until the president stated
that the money was already earned ana would ne ne
paid promptly the decline was rapid, but the Stock
niterward rallied and regalned most OF the luAs
ON the other hand Texas Pacific showed qulle
come strength late In the day upon the lhcrehs'
ings reported aud the coal stocks notwithstand'
inq e reports Of the depressed condition At trnde
were all higher There was cQnNderable hellhB ~
Chicago Gus by Chicago SPECTATORS and that stock
ran OH something over per cent. me oPenlns
| was made at from q 10 u per cent higher hgure,
| than those OF saturdays close ana the Subsequent
| movements were very Irregular, Union Paciho
| being the weak point followed by 1hlSngV
| Gas while Atchison, ~ Paul and New England
| were the specially strong points. The fluctuations
| I'm tho general list were confined to tue smallcs
| irnctlons and possessed but little sgnicunce, ant
| dizziness soon became the ruling feature, n0twitl
| standing tho weakness shown In Short Line nnt
| Hooking Valley Louisville q Nashville, however
| onme TO the front after n o'clock, aud tennessee
] Coal also Joined the upward movement everything
| moving up toward delivery hour. After that TIM
there was considerable realizing aud prices yielded
| shade, but the close was quiet aud iairly steady
| leaving most Of the list ifactionally higher tnal
last week. Trading showed the same concentra
| ton upon "A few shares, aud out OF the total day
| business Of lGl,is0 shares Louisville Nashville
| contributed SSH. The Important changes wer
osscs Of "a IN short Line, ~ ia Union Pacific an
IA In Chicago Gas while Tennessee Coal ~ Y
HIGHER
Railroad bonds developed considerable NOR
| animation the sales OF all issues aggfegatlli
| q 10000, Of which Reading " furnished SlSIOV
| Texas Pacific iirsts Slt2uOO and Hooking valley
| slOCOOO The tone Of the market, however, wa
| more decidedly strong than for long time,
The total sales OF stocks today were lbL isO snare
| Clnsiur uuOtntiuuN