The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-26
BY TBLsaRApH.
Money. sfnrI.. nnI i,on,I.

NV NoHE. Fob. 2i-M1ncy ON call easy
az I '4m2 per cent. closed offered at p
Primo mercantile paper 4W6. Sterling
exchange dull but hrm at iislit Tor sixty
day bills and ;iHs'. Tor demand.
Government bombs have been dUll and
steady state bonds have been dull and
lower
The stock market today was dull aud strg.
ulnt except Tor a few Of the leading shares.
though there was a general heavy tone for
most uf the day. The interest in the deal
ings was conferred almost entirely Ia the
puugCr und Southwestern stocks, and Lon
don wa, a liberal seller of st. Paul In the
early trading aud the ndyiccs pointed tu
the publication nt that center 81 rumors uf
the passing OF the dividend Of the preferred
stock, which induced FREE realization by
the foreigners, and marked impr,s.
/ sion was made on both ihc common and
| preferred stock, but ~ the dividend n
not due until April aud the action Of the
| direction, cannot be- taken until next month.
| there was deposition 10 buy the stock
/ upon the decline. especially by tie Western
/ ui the stock Nas very well held. Dispatches
! from Chicago stating that thc Missouri aud
| Union Pacific had not signed the agreement
| on Saturday, was circulated aud had con.
! siderable cilUct upon the hrstnamcd stock
| which was aitcrWuni extended 10 the other
! Southwestern, but these stories were after
/ ward dspuycd, aud a better feeling pre-.
/ vailed toward the latter portion of the after
| noon, which ucutulizcd IN some degree the
| sharp losses oi the early dealings. The bears.
however did not abandon the search Tor
weak spots, nnd heavy drive was made
| against the Cullcrs in the afternoon. of which
/ Reading bore the hrunt and Wa forced on
| % fraction, Will, the losses loo the rest were
| iin-igu'hcant Several Of tho spccialuc-,
| however wcp found more vulnerable. and
koUrou Improvement again fpll an easy prey.
! dropping . percent, un very light transaction
! Manhattan, ST. Paul & Duluth aud Rome.
! Matcri1Nu & urlcusbuW 40 gave way aud
/ showed material losses. nt the lowest figures
! below the strong point he the list we're the
| \nudctbil's though on were very weak.
| and with ihc exception uf g., G., &. a l..
which rose over y point. moved within
! TIE u1fwWrt limits lint prices we're
almost invariably lower though only 49,
| Paul had q Joss ~ Z. and Missouri Pacific.
To- the early DEALING So Paul aud Cotton
OIL Wru prominent iur uta,urss. aud the
| latter dropped point, bat thc movements
| iu the fVHt ul the .ist WCU confined o. the
smallest fractions without p,rruthlu ten.
druuy Too either direction, aud after tlc Urst
| hnit hours business the market sank
into pronounced duiuy,s. with Hu
drive nt the yull t.as was maIr
after ~ O'Clock. nui the influence
of toe general list which ag.rd on slowly.
while Manhattan and uwaUu improvement,
| mllp q decided decline Toward delivery
hour thrrr Uas ,lwu Improvements however
and aitUr ihut IWr H steady ton marked ihp
liWIIcl Transaction. thc market HraIIy rl1.f.
ing dull ul steady 900 about opening price,
Cor thu great majority ui stocks dealt m e..
a. &. a. J. shows thU handsome advance oi
o.. poe cont lui ihr Dos. Ui doe list almost
without NgHptuu Uc lower and Sl Paul
lost ltg Pullman and Nraliue each prr
cent uul other fractional amounts
The railroad bond market woe unusual,
duh today the total sales ui 900 i..u.. Hrafr.
uilng uuIy sluutWU. which was puiia
ryruly divided umung che i..Hss dealt u.
The simD lick ut feature Notwithstanding
thc trading Boo snars W1s shown loo flr IluI
market and while some h.lN.urss WH. lp.
parent in Doe FORENOON. % better tome .r.
vailed iuWIw thn close Ihu nuBl .l1f'..,
urc Irregular aud Enc important uuUs ar,
few in uuungr Among those which IAN.
higher Henderson bridge hrJs rose IN. t9
~ and Manitoba ,uusnls tu 100
Tho total sales ui stocks to-day worn tgl
60 shary- Closing quotations.