The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-04-26

came from the other side. where tho nrmness dis
| played by tho American securities and the unusual
| ease of money In London have Roner-
| American stocks The buying orders from London
were very large and were varlpusy estimated up 10
5000 shares and the London fayorites were the
leaders Ia the market and Louisville * Nashville
took lines Of Reading Union Pacific, Norfolk {
Western preferred and some Others The state
ments Of President Hughltt of the Northwestern,
In regard to the earliness Of the crops In the West
and the harmony existing among the members OF
the Interstate Association did much to bring the
Western stocks 10 the front and the Soulhwcsterns
later became active and Richmond d West Point.
Missouri paehc aud Texas Pacific, which have
lain almost dormant for some time, advanced ma
teriully on largely increased business. Among
the specialties there were few marked movements
and Pullman again became remarkable for its
strength though the shipment OF block OF stock
10 the Other side recently has lief avery small loat
ing supply on the street Erie was another stock
which was called into life by foreign pur-
cnHscrs and the transactions In the stocks
OF that company were larger for today than
Tor two weeks past together Tho opening figures
were among The active shares from y & percent
higher than last evening prices, which tempted
considerable selling TO realize whilo the Chicago
Spectators and the local bears resisted the upward
tendency with some effect IN the early trading,
forcing prices OF from = 20 y per cent. The un.
usually heavy demand, however, was too much for
them, and prices began 10 advance after the first
half hour Later dizziness ret m rs the inst demand
was satisfied and the bears drew OF To see how far
II would co. but while the fluctuations were small
there was no weakness anywhere apparent, and In
tho afternoon the upward movement was resumed.
This frightened tho bears lnto covering to some
extent, aud several stocks which have been dull OF
late spmng into prominence and advanced materi-
ally. The best prices were generally reached
toward tho delivery hour, but there was
no marked recession after that time, and the
market lna1y closed active aud Arm NJ about the
highest figures. The securities Ia tho unlisted de-
partment were somewhat neglected, aud the move
ments wero confined 10 the smallest fractions aud
brunswick was shade lower at ~. With the
single exception Of Memphis q Charleston, which
retired per cent, the entire st Il higher tonight,
aud Oregon Improvement preferred rose ~, Pull
man 2 Louisville Nashville "a, Manitoba IL,
burlington Quincy aud Texas Pacific ~ each,
Lake shore, Erie preferred, Missouri Pacific, Rich.
mond West Point and Union Pacific per cent
each, and the Others fractional amounts.
The impetus given TO the speculation was shown
most ioIcibly In the dealings In railroad bonds aud
the busnessot the day extended 10 very large
number Of issues aud aggregated for all issues,
S,j5SOW, OF which Texas Pacific seconds con.
tributcd tbhSO00. the hrsts Si57,CO0 aud Richmond
q West Point Trust "a, tlGl,O00. The market was
nrm 10 strong all the way out and the active bonds
mentioned with the Green Bay incomes were the
features The Improvement extended 20 all por
lions Of the list aud the most important gains were
brooklyn Elevated hrsts ~ 20 100; Houston &
Texas seconds, receipts 10 10: Cedar Falls A Min
ncapois hrss, 2 10 20, Rochester & Pittsburg con-
soils, 10 Ia Manitoba A. 2 TO %. Toledo a Mount
Peasants 60 10 S, and Green Hay incomes 10 ~
The total sales OfstOcks today were 2lS01S shares
Closing auOtationg