The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-09
BY TELEGRAPH.
Nonc,. nonh. mud s,och..

NV NonK. Jan. S.-Moncy on call easy
nt 3toi per cent; last loan per cent;
closed NJ 3,ti per cent. Prime mcrcan-
tile paper, b'sm5 per cent Sterling cN-
change dull but firm nj sisil4 for sixty
DAY bills aud sissi Tor demand.
Government bonds were dull aud steady.
State bonds WERE dull aud steady.
The ock market to-day was extremely
dull, narrow and uuinicpsting. with a
general downward tendency OF prices, and
ihc result NJ The days tmding j. to leave
almost ever, thing imctiunally lower than
last evening The market hung upon the
action II the meeting between the railroad
presidents aud the bankers and while IL was
expected that some plan would he per
fcrici whereby mou revenue would be-
assured h. the ruads, there was marked
iudlspus ton 60 enter into new ventures
pending the final settlement ~ the question.
Nothing definite was accomplished, how
ever, aud Affairs rvmain in the same un-
decided condition. The dealing. as n con
500 ucncc, were even morc Of a professional
chamctor than fnr the past few
days, and such interest ~ which infused
into the market. the bulk ~ the operations
was mostly confined entirely 10 the coal
stuck., Union Pacific aud New England
Rear attacks we're made upon Reading be-.
| cause NJ the nun.p1ymcnt ~ The full inter.
ct upon the thirl preferred incomes, but
/ the stuck. while active irpm this cause. Wa
very we'll supported aud displayed, " any.
| thing. more strength than any ~ the usu.
| ally active stocks. NJ conservative people
| wcw inclined io look at the attack a. favor.
/ able 10 the stoyk. Muw suoccs- WIS met
/ with Ia the lACknwnnnn. and that stock
/ upon very moderate trading yielded nearly
n point Vniun Pacific Was quite strong in
/ The carly morning upon purchases by the
| foreign element but toward tie closc the
stock dcyclopcil marked weakness upon the
| uuiaNumhlp ulyiurs frum Washington. II
! wus reported tlai President uustWick, Of the
1 New England. had been advised hy his phy.
sicinns b. give up the UarUs II office nnd
business, and that stock yielded materially
throughout the dny aud closed q point lower.
| Omaha preferred suddenly slumpod on
toward the end II the session. and
u shows tie largest decline fnr
the dny. Tho pst IT the list Wcrc
utterly truant al the way out aud
! called iuf nu comment First pHCrs wcrc
| generally from Imh Per cent below the
Last nights nrurs nni while New England
/ Developed marked weakness Loo the early
trading the rrst ~ the list remained stag.
nnnt aud only Reading showed any nnima.
| toi whatever. tnrkuWnuua followed with
a Ia,iiun decline. but until we'll ln the VI.
| t,rnuon thC market was devoid II feature.
when thcsapcakr and Ohio common stock
rose paint on snail transaction Union
| Pacific also hcCamo weak aud the general lisi
then sympathifcl bringing prices In most
slUcks down % the lowest prices In the last
| hour, although except iur n few. these wVp
but slightly changed from the opcning hg
ufcs The Gloss was dull and fairly steady.
Almost the entire li.i v lower. aud Omaha
pWictrcd Loot -. New England Union
Pacific and Omaha common Ior cent onch
and the Others fractional amounts.
The dealings iu railroad huud. were Ia
married. contrast a. those Nv tlarps today. the
market being both active aud strong through.
out, aud while the final advances ar
not marked they arr general and
uniform Tho effect II the January dis
burcments u only Just beginning to be fcll
aud brokers report large inquiry fot bond.
IT the Investment kind. and this i reflected
also IN the prices ~ the speculative variety
Tor the time being The only weak SPOT hi
the lisi were the Cult Colorado a Santa d,
Gs, because Of the una,inrss among holder,
~ the bonds while valid obligation " M,
Atchisun nfr not guaranteed and arr q licr
only upon that part ~ The road which hn,
not earned the dividend upon the Atchisur
stock given IN exchange. The sales reached