The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-23
BY TELEGRAPH.
Money. ao,d. n,d STOCKS.

NEw loRK, Feb. u Money on call easy
| at y Ia per cent; closed offered at % per
| cent Prime mercantile plpcr $40 per cent,
sterling exchange dull hut FRA az - Sj't iuf
siNty-duy bills aud SLSsAa for demand. Gov
crnmout bonds have been dull aud steady.
State bond, have been dull aud fcaturclcss.
The stock market was somewhat active To.
day. The improvement In the amount oil
business done was had Ht the expense oi
values, the bears again having the making
Ol prices and the market was weak and de
cliuIng throughout most uf the day. The
tact that there will be- only two hour Of
business between this evening and Monday
morning deferred many from making pur
Chuscs The trading WIS therefore LETT most
ouurrly tu the trading element though the
local aud Chicago bear were quito active IN
getting The list down. The pressure was OF
course quite heavy against the pruscrs aud
Sputhwcstorns, the belief "a some quarter
hat Mr. Gould has no confidence ~
he situation leading 10 the selling
1T Missouri Pacific and Atchi-un.
while thc coal stocks again came
IN Tor marked attention. Missouri Pacific
made the wiucst hurtuHtiun, aud showed
most weakness, aud nt its lowest was = per
cent Oh. Among the other shares. how
ever the fluctuations were small and unim
puriuut though the weakness extended 60
all parts ol the list IN the Tow priced shares
the Denver Texas 4 Fort Worth certificate,
developed marked weakness, and retired u-
much us Missouri Pacific uu "a much smaller
huIurss No other feature uf any kind
| marked the limited dealing, except tht
J rapid recovery ol Burlington when the pr, t
! suro was llncd, and the covering OF sLmt.
put out in the early Lour began. Fins'
| prices we've from = 10 /. per cent. lower thar
lass evenings figures aud after further losses.
Ice which Mis.uuu Pacific uni lhDkavanna
were most conspicuous. there was reaction
which brought most stocks To about a.,
level ul opening figures. The downward
movement was soon resumed, aud tuWaui
noon there was muro animation aud thu
weak Zone nr,,uo more pronounced with
the pressure heaviest against the gtnngpi.
and coal ,tu ~. while the Gould shares were
Tor a time well held Burlington Rock
Island, ~ Paul, Jersey Central mud New
England became prominent Tor the lu,-y,
sustained, aud the lowest prices were gen.
! orally reached toward o'clock u. m after
which there was a pronounced rally which
reached almost everything and under the
lead of burlington fair proportion ol ia,
| LOSSES WorU iCEsinyd. The close was quiet
| but ntm The entire active list IL lower a.
| night bat the only marked LOSSES were Mis-.
our nl,iu, -, aud Denver Texas a For
Worth certificates. "a.
The weakness Ia shares 'N.cndcd rlso g.
The dealings Boo railroad mortgages. while the
bushes, done WIS much smaller ip,prulnt
ton, THE sales II all issurs reached VI .tip
uuO, out ~ which Chicago Uas ht-ts iW
nishrd sgnt 80 aud Eric NJ, unh, siut. UO. The
tone ot 'hy dralinr- was heavy ir0m start Co.
finish, und most OF the issues tu,dcd IN are
lover Tonight
Tho total sales oi stocks to-day wc.o ai2.
10 shares. CLOSING quotations