The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-29
BY TELEGRAPH.
Money. r,ond. aud stocks

NEW YORK, March 2S-Money on call easy
NJ 2k@i per cent; last loan 3 per cent, closed OF
fcrrd ut = per cent. Prime mercantile paper it4W
6A. Sterling exchange dull but .nrm nj sLsB Tor
siNty-dny bills, aud siss54 for demand.
Government bonds have been dun and hfm.
Suite bonds have been dun and steady,
The stock market was, In the aggregate, more
active today, but this was entirely due 10 the
heavy Trading In Reading, the rest Of the list being
dull aud icaturplcsA outside OF the lew leaders
which have II late monololized the business and
int rot ot the speculation. Everything appear
ed brighter this morning, London coming higher
with "A reported increased confidence In America on
the other side, and a reduction 81 the rate Of In
tcrcst outside OF the Bank OF England, tho fort
nightly settlements both IN London nnd Paris, hay
ing passed OF witioutn single failure. The foreigners
nlsO were buying 10 u limited eNicut In this market
while commission houses were better supplied
with orders, aud there was u disposition shown
among the smaller bears Ia cover NJ their shorts.
several spcclnldcs made marked advances, were
very marrow, however, aud the February statement
Of the Reading was made u club whereby 10 nam
mcr the prizes Of that stock down, although the
extreme decline was only u shade over per cent,
~ effect which there were fOld over lll,tl shhfch
OF the stock. This result WIS not ~ satisfactory,
aud later the attention was turned TO AtchlsOn,
aud that stock WIS found more Vulnerable, aud
broke ~ per cent. frum IT. best price ui the lore
nuou. Efforts were made Ia gctOther shares
but no succcss attendod them except ~ lnion Ia
cilc. which was u~nfavumbly affected by the de-
Cislun OF the directors not Ia pay "A dividend, nnd
In Burlington, u portion Of which was a%itofNnul
recovered, however Among the Inactive shancs
~ fNNHNANfANlNfN aNNAN W 49, US NNNA NAA
Cleveland, Columbus, Cincinnati 4 indianapolis,
each rising about 2 points, although the
improvement could not be held In the
face of the gcneml weakness. Memphis thnrlcs
ton was higher on the vccut decision In favor Of
the minority stockholders. aud some o.hcr., such
a. Chicago a Alton, Denver Texas u fOu Worth,
san Francisco preferred aud Nnuh titan, sOld ma.
tcnnlly higher, The market closed heavy TO weak
aud inirly active. rcncmlly ~ but slight change
ior the day. Almost everything Il fmctlon lily
lower this evening. though lig Pour y up ! pei
anuf lNt AlrNNaNn a. uuHu IL. HpuuluN ~. and
union Pacific ~
Railroad bonds were still generally active, the
NilcH ul all issues agrrcsatlng si,lin,upl, hut the
only feature Of note in the trading was the anima
ton IN Denver a ~HiOfNundc Western nsscntrt
bouds, which contributed siil.0u Ia the grand
total. They were weaker however. aud lust y p1r
tiuu Of the advance ui TIE Inst few days, Ruinf
back ~ ptr uCut Ia iDlS The nrt ui The lit VA
rrthrf heavy aud nnnl changes are quits Irregular
thn'lrh thcfu wHs n better tone IN the latter portion
oi tue day. Advances are Va a majority, and tihl
fnuthem extensions, ~, rose 2 "a ia Texas ~
receipts lot ~ at 10,
ne total ~ : :, stocks To-Day were He''e' shares