The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-05-23
BY TELEGRAPH.
Money, Bonds ana stocks.

NEW YORK, May 22-Money on call easy nj ~
az per cent, last loan ~ per cent closed offered
NJ ~ per cent. Prime mercantile paper $1,000
per cent Sterling exchange dull but steady at
sLh1i4 for sixty day bills AMI SisSl4 for demand
The stock market was not 40 active today, but
the tone Of the dcilngs was stronger, aud espcci
ally for the graugers, coal stock and gas shares
There WAS some lively covering In some OF the
iayoritcs AMI few stocks made very marked nd
vnnccs y Paul today attracted most Of the In.
tcrcst aud the steady buying In that stock WINS
ynriousy nttril uicd 10 different influential
parties the stock crossed ~ for the
hnt time since the break Of last September
The balish feeling on the other grangors met
with somewhat Of u check from the decrease In
earnings reported for the Northwestern IN April,
ana the dealing Ia that stock were not ~ large ~
usual Of late. The decision In favor OF the Chicago
Gas Trust yesterday had the eir, Of opening up
that stock about per cent, but upon the report
that there would be an appeal, there was plenty OF
stock Tor sale mt the advance ana some rCar tnn was
made, but later there wcrc opinions circulated that
no appeal would De made aud further advance
took place The cunIcrs occupied prominent
place IN the market aud though Reading was imt
among them In point .. nctiyity, Jcr,ey Ccntul
showed most strength aud rose per ccut on the
expectation OF u dividend IN short time, aud the
figures reached were ne highest nltaincd 10y Tint
stock In mIny years. TIC marx nm n displayed
nu uumistAkublc broadening tendency aud several
stocks which have been almost totally neg cccd Of
late were brought forward nnd advanced. he Gould
stocks were also more prominent, AMI Western
Union, after u period Of inaCtiOn became active
and moved up irdctlunHly with the rest Of the list
Among tue Hlcrlnlll~ lncft were some vide NuC
tuntous nnd Pttsburg 4 Western preferred ore
gOn Navigation and few olLcrs WCrt decidedly
strong, while Marquette, llOughtOn n OnlonangOn
advanced sharply, though portion oi We loss wa.
recovered. The opening prices were higher, aud
the London figures wcrp also higher, but London
was doing little nothing In this market aud was
~ no time inclor IN the cuuno OF prices. New
England bcpnmc u marked feature OF the dealing
IN the first lew minuic,, large Eastern orders tp
buy being executed, but the demand for the stock
died away toward noon. and II retired 10 sec.
Ondiry position In the market again. Chicago Gus
| took the lend IN point at activity In the carly
| trading but Il did not advance tnuch unl later
la the general list was confined 10 small fractions
/ only - Paul and few Of the spcclIltlcs showed
| more strength toward noon, although the market
| began 10 show periods Of comparative duilncss,
| but Chicago Gas again became strong after Il
| O'Clock. aud ~ Pnul attained us highest figures.
! lr also developed the most decided strength. The
| best figures were generally Tctrhcd toWHul clock
| pm, after which rvulmiiuns gagged the lis oil
| but the close was fairly ttcndy nc fractional gains
| in almost the entire list Marquette, ioughton 4
| Outonngnn preferred declined a., per ccut. hul
preferred "a, Jcncy central 2, Chicago Gas and
S. Paul preferred "a
| Rnilfund bonds begin the day with a rather quicl
| business but they Judy sympu,hi1rd Sitn the INA
prOycmcut la stocks aud later developed marked
| activity, aud many material glins w,rc scufc 4
| The business ~ the day lonts Mp s,.Jii.0p. and
| Denver & Rio Grindc receipts contributed .OtuUJ
Texas Pacific seconds Incomes tlIitut, and fuf
Worth a Denver nrsts, slS1.uJ1 Enst Tennessee D.
| rose a. lusi =. ohio u Mississippi 3D. 80 ~ pc
| urin. Decatur n Evansville Isis. ~ to no. sAr
Francisco fs 10 ~. 1VKns Central "a VI 1850 Il
~, aud chicago Tas lists 2ito Ia
The total Ailcs Of stocks today were $3.50
shHnA Closing quotations.