The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-03-01
BY TELEGRAPH.
Money, Ronds nnd stocks

INV YoRK, Feb. 2S.--Moncy on call easy
nj 2t13 per cent; last loan, 2; closed Of
| fered at u per cent Prime mercantile paper
4g6 per cent Sterling exchange dull but
steady at si.s6h for sixty-day bills and
| Si.SSA for demand.
| Government bonds dull and stendy. State
bonds have been dull and featurelcss
The stock market although somewhat less
nctiyc, rs measured by the number Of shares
| sold, was even less NJ NJ regards the general
| list for four stocks contributed over half Of
the entire business done The market, how
ever, was stronger throughout, and the day
closed with almost everything on the list
| iractionally higher, while u few marked adj
| yanccs were scored. There was general
bulllsh feeling this morning aud the adj
verse reports from the west seemed 10 have
less effect than usual Of late, though tho
Improvement In the sentiment had the
elect OF restricting the operations ON the
short side rather than to increase purchases
aud outside Of the few leaders there
was more narrow and restricted
market than has been seen for
some time. Tho bears early made q drive nc
Atchison, and heavy selling was done for
Boston account while the short interest In
the stock was materially increased on the
way down, although the loss was only
point. The increase In the capital stocks
was again ma L. 81 do duty M depression
agent, but offerings were easily absorbed and
the recovery was rapid and complete. The
only other marked weak spot was Denver.
Texas a Fort Worth certificates, which
dropped per cent, but nftorward rccoy-
cred, ~ did Atchsun. There WIS increased
animation In New England ON the circula-
ton of rumOrs Of progress IN deal with
New Haven 10y which the laltcs was to guar
untcc n dividend. Boston wis a buyer Of
Union Pacific. aud 10 showed considerable
strength on the favorable statement for Jan
nary and the report that several of The III.
rcciOrs were IN favor of dividend. 81 Paul
was fairly active, but its movements were
insignificant, aud the other gnngcrs were
unusually duh aud unintorcsting as were
also the coalcrs, in which the action OF the
sales agents served to scarc OF the bears and
~ restrict trading. Among the spccialtics
Pullman was stimulated hy the arrival Of
the President Of the company in town aud
the meeting Of the dir'ctOr. aud Oregon I'm.
prOycmcnt made up sharply Chicago Gas
was quite weak and lost n fraction, after
some comparatively wide fluctuations First
prices wcru steady aud the weakness OF Last
evening had entirely disappeared; the mar
kct moved up slowly from the flint sales
though the improving tendency was checked
by the weakness Of Alchison aud Fort Worth
x Denver certificates, but the downward
course NJ those stocks WIS quickly checked
and ~ they recovered the general list r..
sumcd IT, upward march Progress was
very slow, however, and dullncss again be-
came the most prominent feature Of the
dcalings Union Pacific and Pullman came
10 the front before noon, but after l o'clock
pm. them was more animation and Atchi.
son and Chicago Gas which hud been weak.
took the lead aud the advance bccnmo morn
marked toward 2 O'Clock pm. The highest
prices were gvnomlly reached In the last
hour aud the market closed dull but firm.
aud generally NJ about the best prices uf the
day. The declines established we're few in
number aud entirely unimporinnL while
Oregon improvement rose 2k; Pullman
per ccut and Others fractional amounts.
though Zig -Four fell oil ~.
There was more demand for railroad
bonds. but the offerings kept pace with the
purchases, and the market while showing
greater animation, was steady Tor most II
sues, aud dual changes show considerable
irrrnlarity. The sale 81 al issues reached
sl,pi,pon with no marked activity IN any
one issue The advances include. Iowa
Central lfsis, 20 "a s0ls. Louisville. New
Albany a Chicago consols, . a. iO2 Fort
Wayne seconds, o 90 lta. and Milwaukee.
Lake Shor a Western Incomes 60 las
The total sales Of stocks today were Is. ssh
fhurpH. Closing quotations