The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-06-25
BY TELEGRAPH.
Money. Dond. and stocpx..

NEW YORK, June 2L-Money on call easy At ~
70 per cent last loan ~ per cont; closed offered
per cent Sterling exchange, dull But steady al
si.S7 for sixty day bills and stSYII for demand
Government bonds have been dull aud steady 10
trm, State bonds have beeh dull and without
feature.
The stock market was all onesIded, and the pre-.
ponderance OF the speculation was once more In
the trusts while railroad shares were com paratiyey
neglected, there being no real activity in any Of
them, while only five showed any animation what.
ever The trusts on the other hand, were ex-
tremely active and decidedly strong, and for the
irst time since the formation Of the unlisted de.
pariment the Transactions In that class OF securi.
tles exceeded those In the regular list The move
While there was general dropping tendency
caused by the scalplng operations OF tho
traders on tho bear side. The Western
railway advces were again uniavorabc, and
further cuts were reported on the Part OF the 500
Line aud the meeting of the presidents OF the
roads In the Interstate Association was
postponed because OF the inability 10 get n quorum
together There were further good advlces from
!he growing crops, but these seemed 10 have little
Influence, The Changers and the Gould stocks
were leaders In the downward movement but In
none oil them were the fluctuations OF special Inn.
p0rlance. Chicago & East Illinois on the i'm.
ptovemehl IN The earnings, showed positive
strength ana the preferred with Chicago Gas, was
the only stock which showed a material advance
Among The trusts the dealings were enormous aud
the excitement at times intense sugar took the
leud In the upward movement but National Lead
led IN the amount OF transactions The former was
helped by the steady rise ia the value of sugar
abroad, and the reduction In the estimates
OF inc beet root crop In Europo and tho buying
was largely by insiders aud in the inst fifteen min
ules the stock rose TO B against lsi. on saturday
evening. Heavy realizing sales followed the sharp
advance aud II moved back TO l2lh.. but closed nj
lS3, net gain Of "a pcr cent. Lead was bought
on rumors OF the acquisition Of the Atlantic works
although the news could not be Authenticated.
cotton OIL alone remained Within comparatively
narrow limits, though large business was done Ia
the stock The market closed quiet but firm nj
Irregular changes for the day The sales OF un.
listed stocks reached total Of iSi.1s6 shares 20
which national lead contributed li b6i: cotton oil,
Asl1, ana sugar trusts, 2O.iGa Lead closed at an
advance OF per cent In the regular list Chicago
Ias u up ~ and Chicago a Eastern Illinois pre-
icrred ~ but the other changes aro irregular and
lnrtional only.
There was falling OF IN the amount Of business
done In railroad bonds, but the general tone Of
the market was firm and few issues made marked
advances for the day. The sales OF an ISSUES az
grugnted 81, $4,000, Of which Chesapeake & Ohio q
contributed sla200 aud Reading q sl0a,OOO. The
only special feature was n smart rally ia the Hook
lng Valley ISSUES, which rose the 10 gi.c 10 6S.c
The Burlington & Quincy oonsols declined 20 M
ia The total sales OF stock today wero i596Si
shares. tluslng quotations.