The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-20

ness at A.S0H for sixty-day bills and
Sf.SSA for demand. Government bonds
nave been dull but firm. State bonds have
been dull and steady.
Inc stock market today was waiting one
all eyes being turned to the Chicago confer
eehee, and this gave the bears for the time
Delng the opportunity to make prices, al
though while the list was dull and declining
almost throughout the day, the movements
except IN a few stocks were entirely insig-
hlhcant. London was q seller again this
morning and Chicago parted with some of
the Grangers, which, however, held up re-
markably well. There were some unfayor-
ape circumstances which helped the decline
along, such as reports that the States
IN the West would all finally adopt
the Iowa schedule, the unfavorable
IMPRESSION made by the report of
the Atchison issued yesterday and the
weakness of the Oregon stocks, which be-
came the special object of the attacks of the
bears. Atchison was sold freely for Boston
account in the early trading, and arrested
the improving tendency of the general list
at that time, and, while considerable
pressure was brought against the grangers,
the strength displayed by those shares soon
induced the bears TO turn their attention in
other directions, and, finding weak spot
IN the Oregon shares, all of them were
rapidly marked of. This affected the gen
cral list TO some extent, and Union Pacific
readily yielded under pressure to sell be-
cause OF the discouraging news from Wash
lngton. The general anxiety over the result
OF the deliberations at Chicago, with the
reported absence of the representative of
the Illinois Central and the small progress
made had n deterrent effect upon buying.
First prices, under the manipulation OF the
London market were generally slightly
lug TN
tone was developed In the first few minutes
which, however disappeared in sympathy
with the weakness in Atchison. Manhattan
was a strong feature at irst but became very
weak. The Oregon shares, especially inn
proyement, were extremely weak, and rapidly
declined on comparatively small sales, and
before noon had dragged the general list
down below first prices. Union Pacific and
Richmond Il West Point Joined the weak
stocks after noon and on an increased bust
ness prices were carried down still further
the lowest prices being generally reached 10.
ward o'clock pm, when u tirmcr tone was
shown, although no recovery was made. The
market closed dull and heavy at about the
lowest prices. The list almost invariably
lower this evening, and while losses are gen
orally confined TO frnctions Oregon I'm
provcmcnt is down 356; Navigation. ~:
Atchison, ~; Union Pacific aud Oregon
Short Line, IA Burlington Il Quincy and
Cleveland, Columbus, Cincinnati 4 In
dianapolis, per cent each.
Railroad bonds were dull and firm TO
strund during the forenoon, but yielded
later in the day and some marked losses
were sustained. The sales OF all issues
aggregated S2,iO3,0lO Out of which Virginia
Midland generals furnished Sl43, 900 and the
International DDS, $4,000. Texas Pacific
2ls were active on sales of $4,000. The
advances comprise Northwestern sinking
lund Gs, , 10 ll2 Denver q Rio Grande
Western Isis, "a to $50; Ohio. Indiana &
Western lists TO ~ San Francisco general
Gs, | 10 III. The decline, include St. Paul
Terminals 1, az lOl =. Northwestern sinking
fund 1s, "a, 40 1898; Louisville, New Al
bany n Chicago tonsols -, at 0JJs; Kansas
Pacific consols !, 90 III
The total sale, OF stocks today were 2iG,-
iii shares. Closing quotations: