The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-23
BY TELEGRAPH.


NEw NoRK Jan, p Money on call easy
nt I 'sM2 per cent? last loan, .; closed Of
icrcd at 2's. Prime mercantile paper, iMjA.
Sterling exchange, quiet but firm, nt ii.sG
for sixty DAY bills and SISSY for demand.
Government bonds were duh hut firm.
State bonds were entirely neglected
There wa, less business In the stock mar.
kot today but outside Of the animation In
Atchisou aud the strength IN the investment
stocks there was very little feature ul any
Kind, and after n general rise of fractional
amounts In the forenoon prices generally re-
tiIci Ia below those oi last evening nc the
close. The dealings still retained their pro-
iossiounl character but there was a quiet
buying 10y commission houses, and especially
among the better class of stocks The re-.
ductiun of the dividend on the Illinois Cen
trail from 80 tu2's per cent was iu u great
measure discounted aud failed Ia have any
marked effect nor did the reports from Chi
,ago about the renewed cutting uf rates
crate amy movement iu the list. There
were large purchase, ui AtChispn hy brokers.
Who, 10 was supposed. were acting Tor foreign
parties aud reports from Boston that large
awuuts ui stock were wanted around 80 slim
ulucd buying aud the stock moved up over
- per cent from lIst nights figures
The Pullman Car Company aud Delaware
q Hudson resumed their upward march.
both reached siill higher figures than before
attained. and some ui the lower dividend
payers felt the stimulus uf the movement.
later in the day, however the idea that pur.
Uhusys ui At,h'suu were Tor the account ut
the leading h,ar- cnu,cd u ruyusiuu uf feel
ing aud most Of the mornings advance wis
| lost iu Atyhi-Du, while the other stocks r..
/ tired tu below the opening figures The en-
| uHvmyut &C slm.uOO Tor export intensified
the dealing tendency toward the close mud
this speculation became somewhat fo,prish
in tho latter dealings Northwestern, lacki.
wanna aud. toward the close Reading dis
played some weakness and their nuctu,-
lions were fractional in each case and the
hnul changes Insignificant The mar
Let was fairly steady nt the oprn-
iuH though Aiyhisou was M q, prr
cent \ firm feeling prevailed and Atchisun
advanced rapidly hut later the advance was
checked and in the general li,t retired ~ bc-
low the opening figures. Canada southern
WIS specially weak. but no other movement
was noticeable The market driftcd into
dulluc,s aud moved up and down within
narrow limits during the remainder uf the
day although the tendency was generally
downward after noon aud in the last hour
the heavy tone became more pronounced aud
Aiuhisun and llCkaWanun moved OIL mpid-
| ly. The close wns quiet and heavy generally
90 small fractions below last evenings prices.
Aiyhisun closed with net gain of Il !. pcr
cent, but oil the other changes we're Tor
fractional amounts ouly and almost inyaria-
biz IN the dir,tiuu IT lower igurvs.
The bond lIst vas murc active, the sales
reaching - t12WN. uf which the only active
issue WIS Reading a., slJSuDp. There was
very little characterize the trading however.
and the uual changes arr irregular and gen.
orally iur fractional amounts Syy,ml
marked decline, wcrr sror,d. the most im.
purinut being drop of o lee the Grrpn lay-.
The total sale, ~ stock today we're lp5. sol
shares. tlu.Iug quotations