The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-04
BY TELEGRAPH.


NV Nunk Ian 8-MOney ON call onsy
nt { Ia q per cent last loan per cent.
/ closed offered at ptr cont Prime morcan-
/ tile Paper b1G'. per cent Sterling cX-
| change dull bus steady ~ .iHi', for sixty
4 day hill- and ass, for demand.
Government bonds were dull aud steady
| State bonds were dull and steady.
The stock market was dull but fCyOrish
and weak Tor everything except the coal
stocks, though the Grnncrrs were the only
ones outside ui New England which showed
any decided weakness. Money worked
! easier today, tic highest rate being per
cent herr. while iu London 10 WIS nsnm
down 10 jtti'4 Ter cent This. however
w0s tic only ilom Of new. of a character 10
cuounra-c tic bulls, while Chicago resumed
o. old tactic, and sent batch ol tclcguus
and rum'rr. oil ~ which were of dcprcss-
iug nature.
The Missouri Pacific was said TO have al.
| ready Cut passenger RITES, which cuts were
mc, by tn Rock Island and other rund x
Affected The Burlington WAS reported a. in
trpuhlD with IT, employee again. aud the
earning, ID the Grapp.r rad, IN the near
| future we're expected iu show rintcrinl LOSSES
for the next few works lotl's was added the
fnct that tlc foreigners w'rc apaibciic ~
~ American scCuu,ic, aud even sold some
stock iu thi. market especially in the early
finding Notwithstanding the more inyombl,
outlook in the money market The bears
arr active iu depressing quotations and Rock
Island wa- offered 40 sellers sixty DAYS con.
,iirrihly below the market although only
transactions 1T thar nattrr was recorded.
o. The iari ui the bulls there W.,s complete
inactiun. while their opponents had the en-.
tire making ut value, fur the time being.
Tho only bright spot IN the market was thc
coal stocks and Jersey central In particular.
which displaced strength altogether out ~
proportion a. the ret ~ the list, rising ..
pr cent from it, lowest tgurr Of the fore.
nuun The Rad u -nid Ia have earned about
~ Iier cent on the stock Inst year. and with
the improved prospects for the coming year
investors and spectators arr both Inclined
to take hold 1T H. First prices were gen.
crilly slight fractions below the final figures
IL vet rlny. but tlcrr was somc demand
fer .tucks in ths early trading aud Jersey
Central dcVclopcd marked strength; prices
moved up IN sympathy all aound though
for small fractions uuly, with the one
exception noted. Later, however. the up-
ward movement came to an cnd and Gmng-
err bccnnc the mark Tor The bear attacks aud
the entire list yielded with them aud before
noon all the early gains were wiped ont, the
weakness continued aud everything retired
"a below the opening igurrs-no change &C.
curing until well into the afternoon when
Jcrcy Central again made n spuri and car.
ricl thc r.st ot The list up q small fraction.
The movement was sonn over aud the mar
Net finally closed quiet aud fairly strong
New England came 10 the front late in the
day rnd slowly Yielded until IL loss reached
~ per cent There was q larger and better
distributed business In milroid bonds to'lny
than has bvrn seen IN sometime post the
sales of All issues nrgrcgaiing sig11,Wo, but
white some OF the list showed animation
there WIS no particular activity any
who're. The tone Of the dealing however
was rather heavy throughout The entire day.
| nnd the hnal changes arr generally IN The di-
| rVctiun ~ lower hrir's, though important
declines ARE Few Nv number. The total sales
Of stocks today were ia0lli shares Closing
quotations;