The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-14
By TELEGRAPH.
Money. Bond. s.d stocks.

Nrw YonK, March i3-Monoy on call
easy, nj ~ "a 3 per cent; last loan. per
cent; closed Offered ~ per cent. Prime
mercantile paper, iis@6f per cent Sterling
exchange dullbu steady at ,i.slg4 for sixty
day bills aud slSsA for demand.
Government bonds have been dull aud
steady. State bonds have been entirely
neglected.
Tho stock market today was duh srd
heavy throughout the greater portion " the
time. aud prices toni rht are generally frac-
ii0unlly lower than those Of last evening.
Notwithstanding the long deferred accept.
ancc " the craftsmanship of the Interstate
Association by Mr.. Walker which had been
looked for ~ the probable precursor ~ an
upward movement In the stock market,
together with the buying by London OF 81
Paul aud other sharcs, there was u marked
indispositiun To invest On the long side,
while the bears wcrc encouraged by the
dullncss 10 make another drive at values,
aud they wcc aided by the boarish utter.
anccs attributed 10 Mr.. Gould with
! tho dissatisfaction over the schedule
agents. The uncertainty In regard 10
the dividend upon st. Paul preferred also
was n factor In restricting purchases. aud
this was not removed until the last hour,
the fluctuations IN all except q few spccialtics,
witch wcrc generally weak, were made with
~ the narrnWrst limits, and although the II.
forts Tor n decline were persistent there was
no long stock ~ Importance brought out aud
the net results ~ tie days transactions IN
small fractional declines only. Philadelphia
was seller If Heading but the stock re-
cciycd good support and it, extreme range
or the day was but half IT per cent, the
other crllCr, however yicl ling ~ ~ rad
| lis, and l.hckaNnnna 'csis inly bccamt
prominent ior the weakness displayed at
/ times 81 Paul was very well held Then
toward delivery hour, when Il gave way with
! the rest of the list but the preferred rallied
sharply toward the close upon the ruuiur oi
tho declaration Of thc . per cent dividend
Tie Gould stocks were slgsing oil through
the session, although Manhattan was the
only one which shows any marked decline
ut thC close. Among tho spccaltics Pull.
man was extremely weak, dropping over
/ pcr cent, but recovering u portion Of the
| loss. Chicago aul a. Louis and pitishuug
| prcivrcd. San Francisco preferred. the Oregon
I stocks, and some uthvm were prominent Tor
I The losses incurred un light tmding while
Chattanooga wsc sharply, aud N the only
tluCk showing any material advance. The
opening WIS dali but iirnt. aud ~ some eases
thurr wgw ,omo further slight improvement
/ ~ the early trading. but the bcais soon re-
moved their pressure upon the Changers aud
coal shars, aud considerable animation was
| N'NNNNIHiN w NINNlN WIN n NfAlNfAlN MfNh
| tone, aud declines reached nearly point be-
| iorc the downward movement met With a
/ check. lackiWauna, Missouri rncihc Man.
haitian anl Pullman wcw the Wcak spots
although Radiug aud st. Paul led iu the
amount uf business done.
The activity disappeared and Chattanooga
/ became the feature ~ rrason of ,lu sirrngih
| displayed. but until we'll into the forenoon
/ the market was Intensely dull aud stagnant
! Another drive .out ~ Paul and ~. kNannn
down with Pullman, and the lowest prices
II the day Nc.c Vnetally reached Ia the
ncighburhopl nl f. m. A better tone PR.
| vailed ir 'hc last hourtnd g. laul preferred.
| specially made b thatp rally and the close
! Nas quiet aud ntm ni the UEups The great
] majority ui thc active shares ace lover Co.
| night hut lussr aW Tor fractional amounts
/ except in The rnsc uf ruliman which is
/ down =, while hn .iauouil Usc pcr cent.
The uiirnal buId market was dull TO-DAY.
! thv sales ul W.T. surs Hrreraurg sLultOui. ui
! ahiCh siuNuM WtV iu tlto Urhmund a
! AhcFuenN sceun L. Tie tone OF toe dcainfs
was rlusriiy Urn hut thr rhnug0s in ihr
! quotations VI tir tiusC urr quite Irregular Tor
! snidl iidCuuus There was 300 special feat.
uW viiaicVcr The Important advances w.
cludc Burlington Cedar Rapids a Michigan
| vunslls, 3 to ~ New Orleans a Mobile src.
I