The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-21
BY TELEGRAPH.
Money, Bond. aud stocks

NEw YouK. March 20.-Moncy on call
easy, ut 2M2S per cont; ollcrd at ~ per
cent. Prime mercantile paper, Ahm64 PER
cent Sterling exchange dull but steady at
H.s5A for siXty-day bills and SLssA for
demand.
Government bonds have been dull aud
steady. State bonds lave been dull aud
steady.
The volume OF business IN the stock mar
kct was still further restricted today but the.
improvement begun yesterday made further
progress, and with but few exceptions the
active stocks this evening are fuctonally
hirhcr with some marked gains among the
spccinltlcs The London prices came lower
this morning, and this, with the announce
mrnt Of "a failure upon the exchange, led 10
temporary depression, but the sustaining in
nucncc III tie short interest with the ccssn-
ton of the bcnrsh dispatches from Chicago
soon made themselves felt, aud the
| firm to strong tone was again re
sumtd There were some efforts made Ia
get the gmngcrs and Southwcstcrns down,
but the effect was inconsidcrablc, mono Of
| those stocks ever got much below tie OPEN
/ Ing figure. Northwestern and Rock Island
| showed more vulneribility than the others,
| but yielded only fractions aud had no
| marked influence on the rest of the list. The
coal stocks were quite strong upon the re-
| ports from Philadelphia that the companies
had agreed upon rate Tor the regulation OF
| the trndc during the present year, aud many
Of them reached the best prices for week
past The most marked feature about the
general list was it, quictncss aud stcadincss,
with n firm tone, but several of the special
ties made remarkable advances while show
ing unusual animation. Chicago Gas was
the special feature Of the day, aud from one
II the inactive shares became the leader Of
| the market in both activity aud strength.
l.alt -
buyers aud there was renewed talk of per
ccnL quarterly dividend. Pullman also dis.
played some u It. old.time strength, and a
squirt in the Chesapeake & Ohio nrsts pre-
fcrrcd stock attracted much attention.
Short Line, Cleveland, Columbus, Cincin-
natl 4 indianapolis aud Big Four re-
sumcd their upward movement although
their advances were more modest than thus,
Of the other stocks mentioned. The open
ing figures wcr all from = Ia = per cent
lower than last evenings prices. while bur
lngton was exceptional With lee, ~ pei
| cent Further fractional losses were sus
taincd in The first few minutes, hut onl,
Rock Island, which yielded =, shows an,
decline of importance, aud general upwnrt
movement which reached all parts IT th,
let waH soon Ia pmgUsg. IN this rally th,
weak stocks Of the early trading bccam,
prominent aud the opening figures wcr,
soon lett behind, when the market hocam,
very quiet, aud in turn rlctcd. Towar
noon the Denver, Texas 4 Fort Worth Ger
tihcutcs advanced sharply, aud In the after
noon the movement became general will
Pullman und Chesapeake q Ohio fr-t pre-
icrrd more conspicuous The high figures
however. brought out some long stock. and
there was fractional reaction from the bee
prices, though the market closed duh an,
hrm. Burlington 4 Northwestern arr lower
but everything else II higher aud Pullman
fuso q Chicago Gas ~. g., e.. 4. a |. ~
short Lue ~ Chesapeake a Ohio iirts / q,
aud Zig Four pcr cent
Railroad bonds were positively dull, IN,
' sales of all issues reaching only tgptOnp
while the market showed firm tone bu
fluctuations were confined To thc narruwcs
limits
, The total sales II stocks today were 22i, %
shares. Closing quotations;