The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-05
BY TELEGRAPH.


Nrw loRK, March i.-Moncy ON call,
easy at listi3 per cent; last loan. per
cent. closed odorrd at per cent. Prime
mercantile paper, i09 per cont Sterling
exchange duh but steady, at st.s8 for sixty
day bills and fiSs9s fur demand.
Government bonds have been dull but
steady. state bonds have been dull aud
steady.
The stock market was more active aud de.
cldedly strong today though this condition
WIS prevalent only after ~ o'clock, the
iorcnuon's market being dull aud hcsitating
With most stocks somewhat lower Than the
level Of Saturdays close. There was n com.
panuycly slim attendance at the boanl. be.
cause of the absence Of 10 many brokers at
the Inauguration. The feeling was not very
confident nj inst, aud the delay Of Mr..
Walker In announcing his Intention In r.
gard 90 the acceptance Of the Craftsmanship
u the Interstate Association was
somcW hat Of disappointment al.
though the assertion that IL was
only question as 20 how long
his position would be assured him, prevented
any selling Of stocks upon H. Chicago was
still the head ccntcr Tor bcarish dispatches
and the changes we're rung up on the cutting
of rates Ia the Northwest The buying which
was principally by the commission house.
became more pronounced after noon, how.
ever. aud the rumou of an increase In the
dividend. upon which question the direct
on arr to act tomorrow at their meeting
gave Manhattan another start aud u led an
upNard movement which soon assumed
large proportions. Manhattan moved up
~ per cent, aud was followed by tile
Oregon stocks. Pacific Mail aud Western
Union. Oregon Improvement was again
weak and made drop Of about 5 per cent,
but recovered large proportion of u nc the
close. The only REALLY weak point Ia the
general list was Texas Pacific which, how.
ever, after the rally la the rcst IT the list.
was we'll held The foreigners wcrc again
liberal buyers uf Loulsyill, 4 Nashville aud
Union Pacific. both VI which were quite active
throughout the day. The nst ~ the list prc-
sonicd no special feature, but were quiet
aud generally strong aud most Of them are
higher than last saturday. The opening
figures were somewhat Irregular although
generally slightly higher aud although the
market for n time showed a weak tone aud
declines extending to = per cent were cs-
tablishcd, the moment was ui short duration
aud outside of Burlington and Atchison, the
losses were for slight fractions only Texas
Pacific however failed a. respond ~ the i'm.
proved feeling before noon aud while dull.
ncs. was the most prominent feature prices
made no progress in either diuctiOn until
after ~ o'clock, when Manhattan made a
squirt and Pacific Mail. 81 Paul preferred
! aud the oiuguns followed closely, while thc
/ upward movement reached all parts of the
list Them was some realizing Ia the last
hour aud considerable concession was made
frum best prices the market closing heavy
aud generally at Gloss to hrst prices. Texas
Pacific il the only stock showing any ma.
icrial decline, being down ~. but Short
Line L. up 2Al, Manhattan . Pacific Mail
/ ~ aud Others fractional amounts.
Railroad bonds were also slightly more
active, the salcs reaching f22i2.uuU but Of
that amount Texas Pacific seconds furnished
/ NhA0oO. Milwaukee. Lake shore & Western
convert blcs $1,000 aud Erie seconds. si2d..
CO.. There was a generally firm Ia strong
tone aud the Denver Rio Gmnde Western
Asscntcd bonds were specially strong. The
total sales OF stocks today were 2lO5S shares.
Closing quotations.