The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-06
BY TELEGRAPH.
neneY. 10 ID. aud sterk,.

NV loRk, March 5.-Money ON call,
easy ut 2tdB per cent; last loan, 1 per
cent. CLOSED offered at / per cent Prime
mercantile paper lm0 per cent. Sterling
exchange duh, nj si.s6 for siNiy-day bills
aud - $50 for demand
Government bonds have been dull aud
steady State bonds have been dull and
steady
The stock market was weak and declining
during the forenoon today and losses were
sustained. which, notwithstanding the strong
tone of the latter portion Of the day. were
not fully recovered aud the result IT the
days operations IL to leave most of the list
Nationally lower than last evening. The
London quotations were lower this morning
and there was comparatively heavy selling
from that center In the early trading the
pressure being from the continent The ia
yoritcs Of that center were all weak, cspo-
Cinlly Louisville a Nashville and 81. Paul.
Other influences worked against the mar
ket aud the failure of the Read
ing iron works created an unfayor-
able impression. Tho most potent 81
the local influences, however, was the rcali.
zations IN Manhattan on the rise VI the past
week, aud the disappointment IN some di-
rcctions over the declaration Of n scrip divi-
dcnd. and the stock dropped over per cent.
Other spccialties showed marked weakness
aud Oregon Short Line Navigation, pull-
man and some Others declined point or
more. The aspect Of political Affairs a.
| Washington met with general approval,
| however, aud when the pressure was re-.
moved there WIS a sharp recovery la the
/ specialize. aud most of the general list were
! brought M 10 the level II the opening tx.
urcs, aud IN some eases fractionaly further.
Short Line became the special feature OF thC
I market and rapidly rose az per cent,
while Manhattan rallied materially Ton
ncssce Coal was also prominent Tor strength,
| The declines at the opening extended 20 :.
per cent in most stocks, while Rock Island
was exceptional with a loss OF per cent aud
Manhattan with gain of u. A weak tone was
soon shown aud while the losses in most
shares were confined 10 slight fractions,
Manhattan rapidly declined, losing ? pei
cent IN the drop.On, which was recovered
Norfolk n Western preferred also showed
marked weakness ht this time After noon
the tome II the general list underwent d
marked change for the better but the i'm
proving tendency was held In cheek 10y
further drop In Manhattan, which reached
iOii,, a drop II ~ per cent from IT. iirs
! price Tennessee tual was the struni
feature. but was nitcrWurd superseded 10y
Short Line, which rusc as rapidly rs Man
haitian had declined aud before deliver,
hour had risen ~ per cent. the r~t OF ~,
I lat following slowly. REGULATIONS on th,
advance from the lowest figures again sag,rt
tho. lisi OH slightly but the close WE nru
at the concession. IN the last hour Chc-a
pcnkc a Ohio irst preferred stock ru-
rapidly. aud scored material fuin fuf th
lny Almost ihc entire lst u smnll fmc
ton, lower this evening and Manhattan
lost g. Pullman, ~ aud Missouri Pacific
2 per cent white short Line aud thcsapgak
A Ohio iir.ts preferred rusc "a. each.
Ruiluud bonds NCru not 20 active a. yes
terlay aud the tone of the dealings WIS mo-
strung the final changes being fairly divide
between gains aud losses The sales II nj
ISSUES aggregated a. sl.unO, ~ which Obi
Southern Incomes furnished silS, uDp aud ti
Denver a Rio Gmudc Western Ascntcd
sill.OO The advances include Denver
Rio Gmndc Western hr,ts 81 a. iO2 Gun
; | Western receipts, ~ Ia a. aud Eric iu
: comes. . 10 "a, Grat Western second receipt
, Loot 3 NJ sG. The total sales IT stocks tOda
ven ~, $50 shares Closing quotations.