The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-05-30
BY TELEGRAPH.
Moncy. nonds and STOCKS.

NEW YORK, May 2g.-Money on call oasy at 2a2iS
per cont closed oncrcd at per cent Prime mer'
cnntilc paper, 2Ll11h per cent sterling exchange
duh but steady, at VI S714 for sixty day bills and
SSj for demand.
Government bonds have been dull and steady TO
firm state bonds have been dull aud strong.
a heavy advance IN the stock market was met
with check today. While the business done was
materially smaller than that OF the past few days,
the list at the close was invariably lower and the
losses on some invOriles we've quite marked. Tho
recent tumor that MI. Armour had closed out his
deal In 81 Paul aud the heavy TenllZntons during
ihe past few days were supplemented BY change
IN the tenor OF the dispatches from Chicago, aud
rate cutting was once more the burden OF the news
with frost aud drmpge 10 the crops Ia tl out with.
IN addition TO theso Influences, tomorrow beings
holiday, Thee was plenty Of closing ont Of ont
Nandi"g accounts, and many brokers intending Ia
lave the city over Monday the si'es for the
long nccount aggregated respectable amount
There were aclli,, oulcts FOR other outside ccncrs,
however, aud London contributed TO the dcprcg.
nOr though liG,tun was SIN buish and bought
nome OF IL fnvof.tcs. The Chicago Specialize.
however were the leaders in the decline ana fur.
li.hed nearly AZ the important losses sustained
FOR the day, while the NunGC bllts wrfo The hrmCst
gfJup, and squirt Ia Western Union during the
morning hours enabled that stock to sdSic the only
advance ninolg the active III irc3 Tue failure Of
the directors Of the cotton oil trust 10 come to any
conclusion IN tho matter Of dlyi loud depressed
that stock today, aud the other trust shares were
weak In sympathy. few Of the lighter shares
Were specially strong, and Chicago & Atlantic and
Last tennessee Wcrc very noticeable. The move
menus on the majority OF TIE general list however
were confined 10 tho smallest limits, aud lluctlia-
lions seemed possessed of little no sisnilcanco.
hut the general weak tone Oi the market carried
them dowr. The market opened with umuch
Hmnllcr volume oi business aud the hst sales wcio
made al amil decline from the CLOSING figure 81
last evening, nud cotton oil dropped - per cent,
followed by the stocks IN the regular list with frac-
tiOnal amounts. Western Union showed marked
strength toward noon but IL had no stimulating
effect upon the rest, and Canada southern followed
with the same result.
The market became more quiet IN the afternoon
but toward o'clock In the n downward tendency
was commenced aud the lowest figures VI the day
were reached at that time. There was q slight
rally IN the last hour hut the market finally closed
heavy 10 weak at about the lowest prices Of the
DAY. In the unlisted department the trust stocks
were still leader, although somewhat les active
brunswick was the leader ~ usual aud closed
rather higher after selling 1T 30 Everything Is
lower, aud Rock Island lost "a. Atchisun. Mis-
souri, Pacific aud st. Paul each i aud Northwest
cru ICr cent.
Railroad bonds were again active. and the snlcs
Of all Issues aggregated s3.2SlUuO. uf which Hnrl.
Island "a contributed slE.0n Atlantic a Pacific
incomes 81 i,Oui, aud Denver receipts 100000 The
tone Of The market, however. was not 80 strong a.
usual of late, aud many declines wcrc scored.
though The majority Of the changes were In tho
dircilun oi higher figures The principal gains
wcr' k,ukuE a DcsMOnes iitsts, q, 10 iUii,. Kan
linuic hNts ~ a. ilH'g, mud shenandoah Valley
tint receipts . 10 a. The weak spot iu the iist
was the Hooking Valley issues, and the rs dropped
I 10 "a. the ds, a. "a -.
The toul sale, Of stocks today were 81 500 shares
Closing quotations