The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-13
BY TELEGRAPH.


Nrw YoRK, Feb. p Money on call easy
at l4m2 per cent; last loan 2 per cent;
closed offered at > per cent. Prime mercan-
tile paper id6 per cent Sterling exchange
duh but steady at SlsG for siXty-day bills
and - SSl for demand.
Government bonds have been dull but
firm.
State bonds have been dull and steady.
The bears had another inning in the stock
market today and everything yielded 10 the
pressure brought against the list, although
the only marked declines were in the granger
stocks, which are still the most vulnerable
spot IN the list Although the bears were
somewhat disappointed NJ the poor success
ia bringing Out long stock by their raid Of
Yesterday, the effort was renewed this morn
Ing and more material results attended their
efforts. Burlington a Quincy was the spc.
cial object of attack, rs usual, and cOnsidcra-
bile MD was received from heavy sales 10y both
Boston and Chicago, although while the
sales at the first named center were To "A
large degree long stock those of the latter
were almost entirely short sales The nd-
vices from the West enc outraged the opera.
tons for the short side tho reports stating
that the Interstate Association had gone a.
pieces aud that no more signatures would
be- obtained for the agreement 1lc other
grnugcr were soon affected hy the Persistent
selling Of Burlington, Ia which the dealing,
were accompanied by considerable excite
mCnt, and one after another -algerd oil, the
movement la Northwestern being the most
marked. There was sudden drive made
ngtiust Pullman, Notwithstanding the an
uuuuccmcnt that there would br un issue of
So. q 900 to pay for the Union Palace ear
purchase, aud the stock broke over Upoints
and never fully recovered the loss. Union
PncihC On the denial that there would be-
any dividend and the report, that there was
little likelihood uiany action upon the fund.
ing Bill, suffered "A relapse, and other
.Luyhs 81 h ru have been specially strong
of late followed. The attacks upon the list
iJsIri almost Co delivery hour, whom they
ceased, aud with these. steady buying Tor
'hc long account aud the heavy cover ny Of
shorts put out earlier la the DAY there Was
sharp rally and most of the list again np.
pryNliuuicd the opening figures. London
price, were almost all higher this morning.
aud while our market lid not respond To the
improvement Il was fairly steady 10 liun,
but thc renewal ol the pressure upon Bur
hugtuu checked the bullish feeling. and
while that stock sold oil rapidly thc rest be-.
came quite heavy with very little move
mcnt until the cud Of the first hour, wh,u
thu market made H. drop. n lTlhWrstrfu
became the weak feature after noon, nuu
was followed by Union Pacific aud the in
active shares, among which there was
some sharp Losses Illinois Central losing
"a and other smaller amounts Ia
lowest prices were generally mndp
toward pm, when the pressure seemed Ia
be rem 'vcd, and everything climbed ut the
last hour although there was not time lett
90 July recover tie losses and though the
market closed active und strong ID WI, gen.
orally ut fractions below last evening irtir,,
Cotton oil became marked feature toward
thc close, and sold UP above any prize, Tor.
mcrly ubilincd, reaching 5pC san Francisco
prviclrcd, sold ut 6i'sc, Ia the forenoon. aud
was tho only stock showing marked gain.
being -, while among those which are
lower Illinois Central lost, 80, Burlington.
rs, aud Pullman, -. Railroad bonds con
uuuo tn show a decreasing volume of busi.
trss ut thc board, aud the sales today reached
only rliuNWn, The smallest DAY : tnn.ar.
ton for sometime. Chesapeake aud Ohio
currency certificates were feature.
and developed considerable weakness.
declining U.s. 10 ~ uu .alc, OF $1,000
Hooking Valley b. were quite strong aud ad.
Nautvd a fraction uu "a business of sIIuUlt
The rest ui the business was very we'll dis.
tuhutcd, and while the tone OF the market
WIS Ia sympathy with the share list il was
somewhat heavy, especially in the forenoon.
there was a change Tor the better toward the
Gloss, aud most important changes In the
quotations this evening are in the direction
of higher hgups. Zig -Four q rose "a, tu
~ Kansas a Texas u lost Eat pO. The total
,nlvs oi stocks tudaY were JlH5,s share,
Closing quotations