The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-16
BY TELEGRAPH.
Money. nou,I. and stocks

NEW NoGK. March l5.-Money on call
easy at = to 2s per cent; last loan ~ per
cent; closing offered at 2ls per cent. Prime
mercantile paper, 4J6@04 per cent Sterling
exchange dull but steady at Sl.S54 for sixty
days aud SASSY for demand
Government bonds have been dull and
steady. State bonds have been entirely
neglected
The stock market was weaker than IL has
been Tor some time today, and the amount
OF business done will compare favorably
with any previous day this year All the
influences at work upon the market seemed
TO be OF depressing nature, though the en-.
gagement of over Sl,OOO,OJO for export was
probably the most important There was an
uneasy feeling reported at Paris and this
was reflected in the London market and
here and American securities on the other
side were all lower with considerable selling
TO liquidatc The ultimate destination OF
the gold i unknown, but the low state ol
the surplus reserve at present gave rise
TO apprchcns.ons of the future scarcity
OF money. especially IL the outgo OF
gold should be continued The squeeze In
S. Paul did not seem 20 have any further
effect upon the general list. and although
the stock loaned at l.lG per day for US.
there was plenty OF stock for sale, and after
opening down nearly point II saggcd of
NllN NNNkAA - HiNhfNANAlN lUMtTs lllt
pressure today reached all portions Of the
list, and, outside OF the grangcrs there wa.
mole selling than nc any previous time thl,
year. aud the declines on an unusually large
business are heavy and uniform, aud tic
number Of stocks dealt in was remarkable
There was a renewal OF the reports Of rate
eating IN the West and the alleged accuS,
ton of Judge Cooley that the trunk line,
were shading in their export rates was used
with much elect against the general list
All the granfers were weak. but Rock Island
aud burlington 4 Quincy reached lower
figures than have heretofore been attained.
aud mid was made dpon Missouri Pacific IN
the afternoon which made IL one OF the weak
ct stocks on the list. The other Gould share,
sympathizcd. aud Manhattan especial,
Yielded very readily. Pullman led the spe
cialtigs, aud 81 thos2 shares Memphis a
Charleston was the only one showing an,
strength aud that has not been traded IN fol
n long time san Francisco preferred be
came the feature just before the close, ant
dropped rapidly. The loyet prices wcr,
generally reached after ] PIN, but the rails
from the lowest points was insieniii
cant, aud the market finally closed acliy,
and heavy 10 weak nj or near the loves
figures IT the day. Everything. without cx
ccption. Is lower. aud Pullman lost 3, Man
haitian ~, * dividend Of ~ per cent
Rock Island ~. Missouri Pacific and Ten
nc,scc Coal ~, Burlin ton & Quincy an,
st. laul -, Atchi on ~, New England
~. Pacific Mail per cent, aud some OF Oh,
sprciaitics larger amounts
Railroad bonds were quiet and IN som,
portions Of the list synplthizcd with III,
depression Ia shars giving an unsettled
tone 10 the market, and some marked move
mcnis were mu'ic while most issues wcr,
dull uuI ulutusf uufIuurpfl The NV.1Iur..
IN the Kansas 4 Texas issues was a feature
but beyond that the trading calls for It'll,
comment. The sales reached. only I. 40.
90. The declines include Kansas n Tcxn,
iiycs o. u. the scycns = b. s1ls. and Ohio
4 Mississippi seconds p 10 iiDh.
The total sales u siocAs today were 81. 10;
shares. Closing quotations.