The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-02
BY TELEGRAPH.
Money nonds and Stocks.

NEW YORK, Arril 1.--Money on call loaned
from TO 10 per cent; last loan o closed offered
5. Prime mercantile paper i9M6H Sterling ex-
change dull but strong at 1854 for sixty-day
bills, and sLSsj5 for demand.
Government bonds have been dull but steady
TO firm. State bonds have been dull and steady
The stock market today was dull throughout and
two or three stocks monOpOlled all the interest
there was In the transactions OF which they fur.
nlshed about hall. The market seemed without
interest at the opening aud the general list con
tinued throughout the day 10 nuctuhte between
the smallest limits, few stocks being traded ~ over
range Of more than - per cent, aud little feature
marked the dealings. Atchis0n was again tho
pivotal point In the list aud the pressure was re-
ncwed upon II nj the frst sales and at the lowest
point which was lower than any price yet
seen on the present depression. It showed
decline OF per cent New England was taken
In hand by the bears and knocked down
~, and some pressure was brought against
Missouri Pacific, and II was let OIL per cent but
In none Of the other leading shares was there a
movement of Importance. few OF the specialties
recorded marked changes, and chief among these
were san FTanclkcO preferred. which dropped 3
per cent on the reduction Of the dividend mte 10
per cent The common stock also suffered q
drop of2<, and Perry Coal lost per cent There
was a little Hurry In money toward delivery hour.
and the rate on call was bid up TO 10 per cent,
which Is the highest rate paid this year. Stimuli
mncously there was another drive nt the weak
stocks and Reading, but the last named stock was
well held although Atchis0n went down 10 its
lowest figure. The rally was sharp, and many OF
the list were carried up beyond the opening figures
Tor the tlrst lmr during tlc uuy. ~ the upehluk
the market was cycrish and Irregular, though the
| majority Of stocks were lower declines extending
TO q per cent AtchisOn aud Union Pacific showed
marked weakness aud the general list sympathlzcd
10 limited extent Ia the decline, but the bottom
was quickly struck aud ON the fnlly most Of the
| list were brought back to opening figures Dull
ness then became the most prominent character
| Isle OF the market. but New England was takci
| Ia hand b. tho bcars and depressed "a per cent,
| but with no responses outside OF AtchisOn and
| Missouri Pacific Prices In the general list re
| malucd dngnnut though Sah Francisco preferred
/ Perry Coal aud one or two Others showed mArkc,
| weakness. After the last drive toward deliver
| hour the improvement was general aud Atchisoi
recovered "a per cent, the market closing dull bu
/ hrm aud generally nj close 10 opening figures Sal
Francisco preferred lost pet cent, but the othe
| changes Ia the active shares, including Atchison
| were for fractional amounts only with malorit
| Of advances.
The rairnnd bond market like that In shares
wasNcry dun today, although the dealings wer
| distributed oyCrn large number Of issues. N
dealings were without feature Oi auy kind, aud III
| dual changes wee small aud generally Insignia
| cant
81 Paul az. q u. ~ rose 2 70 iOiif Ohio. IN
| diAnapolis a Western scconds Ia %, and LOul
| Vile K Nashville iu.i0s, I To 10Y.
The tctal sales ui stocks today were in5 share
| Clu.l Ing quotations.