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

being both broader and higher with a larger
volume OF business than has been seen in
many weeks. Bullish sentiment seemed to
grow as the day wore along, and the buying
by the commlssion-houscs became qulle a
factor IN the course Of prices, the revival OF
the confidence in the share list being pro-
nounced. The speculative interest spread
all over the list, and many Of the specialtles
and inactive, low-priced shares, which have
lain dormant for months, found purchasers
at advancing iignres, the rise in some OF
them being very marked, and the attendance
at the board today was largely in excess OF
anything seen for long time. London
again came higher this morning responding
to ], the advance In this market yesterday
and foreign buying orders were in the market
which helped 10 make the opening here both
active and strong. The Nanderbilts were
stu the iayoritcs, and all Of them reached
higher figures in the forenoon, Cleveland,
Columbus, Cincinnati a. indianapolis, Can
ada Southern and Michigan Central being
specially conspicuous. The movement after
IA slight hesitation was not long in spreading
10 the rest Of the list and the distribution
OF business was more even than for weeks.
The general list responded handsomely to
the improved feeling in the afternoon, and
the grangers, collers and SOuthwestorns fol-
lowed in turn. In the coal stocks some
large blocks changed hands, but in none OF
the list was there any very heavy trading,
though the aggregate was large. Atchlson
was again reactiye and moved steadily up
ward throughout the day, however, 1t is TO
be said of all the leading shares, and the
best prices were generally reached toward
the close. The movement in Ontario a
Western was continued, although there
was very little progress made In
ln al Il L..i % al
ties were brought forward. The first
sales showed advances over last evening
prices Of from = to ~ per cent, and while
rcalizations on the advances OF yesterday
gave the list hesitating appearance at first
the general list soon followed the lead Of the
Nanderblts, and prices moved slowly up all
over the list. The transactions of the first
hour were very heavy, but after that time
there was less animation, though q large
business was done throughout the day
Lackawanna and Atchison became promi
ncnt toward noon, and they were followed
by New England, Rock Island and others IN
turn. No marked feature was shown, but
| steady appreciation OF values took place an,
| continued until the close Of business which
was active and strong The active stock
| almost without exception are higher thi
evening and Michigan Central rose y
Alohison n, Canada Southern ~, Rocl
Island, Cleveland, Columbus, Cincinnati 4
indianapolis I, Louisville q Nashville an,
Texas Pacific IA each; Lake Shore ~
| Northwestern, Laokawanna, New England
and San Francisco preferred | per cent
| each.
The railroad bond market was again yer,
active and strong, with some issues still
| prominent In the dealings. The total sale
OF all issues reached 81, l4i, 900, OF which tia
| Chesapeake a Ohio Is certificates contrbu
| ted $4,000, the Reading Is $4,000, tn
seconds sl0s OO0, and the iirsts slIi 900. Tn
announcement that the first mortgage bond
Of the Houston & Texas would be paid will
the coupons made those issues special,
strong. and the Fort Worth & Denver lists
after n marked advance, reacted and close,
with slight gain only. The principal gain
include Chesapeake n Ohio currency certif
Gates "a 10 33ls; Lackayannn & Western
lists, 2lS TO l3i; Manitoba ~, to 80, Obi
Southern incomes, pa "a 40l4; aud Soutl
| Carolina incomes, ~ too
The total sales Of stocks today were $50,
0Ji shares. Closing quotations: