The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-02-07
BY TELEGRAPH.


NV NuuK. Feb u Money on call easy
NJ . to3 per cent, last loan. > ppr cent.
closed offered at 2 per cent rr mc mcr.
camille PAPER i'lB per cent Sterling cN.
change unsettled aud weak, With actual busi.
ncs' nt t4.6 Tor sixty day bills and tiss yor
demand
Government bonds have been dun but
firm. state bonds have b,rn duh anI
steady.
The stock market toli, wts more active.
with 70 stronger tone almost thuufhout aud
The result of ihr days operations is b. leave
most ui the list materially higher th.n last
evening Tie market Was uu,ettlci aud 10.
regular iu the forenoon. but became poi.
lively strlng later In the day. aud except in
a few special stocks the advances were scored
after ~ % clock. The grngvrr Wrfc the weak
spot he the let aud burlington a Quincy
aud Rock Island especially showed marked
weakness aud declined materially, although
q portion II the LOSSES w,rr made M toward
the close 1T business. There was liberal
selling Tor chicago account aud the news
irun that center was not ut frHssurIuF
character, tut on the contrary some uf thsm
were quite sensational. and met with "a
quick denial Tie fact that burlington haI
ordered ihC Iowa schedule iu fYpr. which
action must be followed by tie other rlHIs
doing husIutsi iu that state WAS q factor Boz
the week.-mrs. shown. but this influence
failed ut i-s effect after the denial ~ tir ri.
muu mentioned. The rualrrs Wrrr Ict,y
but very quiet aud thr principal mprr.s On
Wa made upon Delaware 4 Hudson utsuu
The IMPORT NJ the great rlyciu in thr,o'Nrfirs
ui Che company The Nuudpfh.lta NUrp
again TIE leading strong feature uf the mar.
Net although outside ul cleveland. tuluu.
bus, Cincinnati 4 indianapolis therr Wa
very little animation. The stock market
however started oil at ihr open ng aud With
u NciN lhiED hus ness vs. ruuu up . points,
although portion NJ this was lost before
noon. Tie riuU. ui thr boar, erased nfirt
tlHt lime and the I. responded 10 the p,.
moved buying by thr comm ssiuu huu.r.
which again became thv feature aud every.
lliuf moved uu with the .tUriHlties in the
lrnl Cotton ul WIS also active aud strong
aud rusr about per uyut Iltst pr,r, v,rr
almost invariably u Hhcr and the advance
over last evening Nrufos extended \. tsf
cent be thr general list, with tie lau,rr oncs
iu the spryIaltips. The market dr,rl.
opcd cons.dc .ahlo strength in the first
few minutes tuliuF uuI Cleveland
Columbus Cincinnati q lniIhuapllis
with Cotton OIL became The siulur fraiur,s
Immediately. The Gmnrrrs were the only
weak spot he the list hat the attack upn1
Them was - persistent that the guurmlUst
gave way slightly Toe sympathy aud an iure.
ulaf nud unsettled market followed. WLi,h
lasted throughout the forenoon. Hufiipg
ton 4 Quincy and RuJk Island led the doun
MART movement aud each lost about 2puinis
before ihc decline was checked. bat after
noon we HtfuuE tone rruppoatcd. aud with n
ilif Trading pfiyvs began 10 rice all over the
list even in the weak shares ~ the tnr,nopp.
Atkinson lcd OF, followed by JhI,srn Gas
Trust Alton 4 Tcif' iiautr. MilNRutr.
Lake shore 4 Western and Richmond a
West Point There was no further cbapgc,
W the temper ui The market aud ID HunIl,
CLOSED active and stWug rrncu,lly nj the h.,
rtl'e, ct the day Burlington a Quincy ,ir.
ylincd per cent, but ON the other h,nJ
Milwaukee, Lake Shore a Wc.tern r,,,r 1'.
the preferred SIC. e., e.. Cal gi.. IN.