The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-09
BY TELEGRAPH.
Money, Bond. an, stocks.

'sv"'ys
New York, March s.--Money on call
easy at 2Ca3 per cent. closing offered at per
cent. Prime mercantile paper, 4g6 per cent.
Sterling exchange dull butsteady at s4.s5A
for sixty-day bills and $4.sS4 for demand.
Government bonds have been dull but
firm. State bonds have been dull and
steady.
The dullness in the New York stock mar
ket was more noticeable today than at any
time during the present year, and the fluc-
tuations were strictly upon a par with BUSH
ness done, the final results Of the days
transactions being entirelyin significant, Eek
cept In a few isolated clses. The general
temper OF operators was lnllish, and in re-
Spouse to this feeling th,re was some i'm.
proyement made In quotations until the
prevailing dullness encouraged attacks upon
a few stocks, and 50 turnedthe course of the
limited fluctuations. OF tln news Of the day
that was favorable, the mos, influential were
the declaration Of the Divided upon Missouri
Pacific OF rer cent, the adsices from Wash.
ingtOn of the good progresslnade at the con
ference Of the Interstate Omm ssIon, and
the State railroad officials, nth the assertion
that the acceptance Of the position Offered
him by the railroads by Nj Walker was al.
most cert Unity, aud the iews from Paris
that the Bank Of France hih come TO the aid
ual batch Of reports from chicago in regard
10 the cutting Of rates In tn Northwest, but
40 other news OF a character TO Affect prices
unfavorable was received In the early
morning st. Paul was marked feature, both
for It's animation and the iise in its price
against the undoubted selling Of a large
block by London, and the behavior Of the
stock gave rise 10 considerable comment
and the assertion that there is u powerful
pool operating In IL gained more believers
Mr. Armour was said to bca member Of the
pool, while some parties thought the sup
port given TO the stGk came from
also strong feature at this tim,
Of the day, and reached higher figures than
ever. Cleveland, Columns, Cincinnati a
indianapolis became speedily strong. though
being very dull attracted little attention.
Manhattan continued its reaction from the
high prices Of last week, aid the other Gould
stocks suffered somewhat n sympathy after
the pressure was brought ipon the list. Tn,
Coal stocks were the spcchl point Of attack
and l.ackawdnna aud ReRltg In the after
noon yielded fractionallya Ihe latter stock
was especially hard pressed, Hut while 1t wa
forced down below 81 for the first time IL
many weeks the result OF The raid was los,
Of less than point whs the pressure wa,
removed the market reacted slightly and ne
naainsd-daN srnd s,Al,a,f "a before. III
dizziness was the principal feature at Thu
opening and most stocks we're but slightly
changed from last evenings figures, Missouri
pncihc being the only exception, with gain
of = per cent Tennessee Goal was the stronJ
feature, although ~. Pa, was very activ,
and slowly advanced, and these two stock
monopolzed the market during the fore
noon, when the bears got TO work towar,
.N..aa a ii.
aud Tennessee Coal followed, losing n larp
portion OF the early gain, but the prcssur
WIS transferred 10 the coalcrs, aud l.acka
wanna and Reading became the leaders boil
In activity and weakness, The extreme dc
cline outside Of Manhattan, however, wa
only I per cent In Rock Island, and thl
effort was given up toward delivery hour
when the market settled down 20 dullncs
and stagnation aud finally closed dull an,
steady Rt but slight changes In most Of tn
list q. g. G. a |. rose ~. per cent, an,
Manhattan lost ~ and Rock Island pc
cent.
The dullness extended 10 the dealings IL
railroad bonds, and while IA In shares Their
were n large number Of Issues traded In, III
aggregate amount OF business done wa
small and no special animation was show
IN any one issue. The sahs reached ti,Sl7,
900. There was considerable irrcgularity IL
the market, but n firm tone prevailed II
most parts Of the list, and while the iina
changes Ia but few cases are for more thai
fractional amounts, advances are mos
numerous. The most conspicuous upwar
movements were Syracuse, Birghamton
New York firrtS Z 81 1872 Green Hay first,
to -, Illinois Central registered SIS, -
20 92If Mahoning Coal fuis, | 10 10. Chni
tanoogn seconds. 2 10 ll3 The total sales d
stocks today were ISL, SS shares. Closin
quotations