The times. [volume] (Richmond, Va.) 1890-1903, 1898-05-12
YERITABLE BOOM
IN PROVISIONS.
The Demand for Army Consumption
Sends Them Skyward.
DEMAND FOR STOCKS AND BONDS
IL Was Rumorcd With Great Vigor
and Confidence Yestcrday-Much
Business Done and Prices
Higher All Around.

NEW YORK. May 1.-THE active de-
mand for stocks and bonds was renewed
With great VlgOr and confidence to-uay'
An enormous volume of business was done
OF tho stock Exchange, and prices are
substantially higher all around. large
number OF the leading stocks show net
gains exceeding two points and great
many more have risen one point OF oNCl
In the price as result OF the gay
trading. The upward movement was not
resumed until period OF hesitation ana
uncertainty al the opening during whlch
prices IN nearly all cases Declined.
This heaviness was due 10 the sharp
declines established in London Tor Amer
lean quotations before the opening Inc
demand for stocks i'm the FIRST hour was
urgent and many blocks Of 1000 SHARES
were eagerly bought by the umc the
news of the Wall street attitude hau
reached London that market faced ABOUT
and sent orders 20 New York TO buy.
Although there was realizing on large
scale az different times during the gay
the recessions in prices were nslgnlhcaht.
The day closed with renewed pursl on
activity, and prices az about the Top
level. A belief that the termination or
tho war IS near az hand was the impell-
ing motive for the strength or the mar
ket The continued recovery OF Spanish
bonds found an explanation that was
considered even more slgnlhcdht. INC
recovery seems 10 be without doubt que
70 the making Of provision for payment
OF the July coupon. IL is believed tndt
the money advance for this purpose was
on condition that Spain should end the
hOstiities. Strong trdulc returns ny
prominent railway companies ana the
continued tendency toward easier conul-
lions in the money market also had their
influence in encouraging the rise.
a small engagement Of gold for import
demonstrates that exchange is sun at 'He
The bond market shared quite fully in
the activity and strength Of the stock
market. Atchison Adjustment = Sd-
vanced ~ per cent Total sales, $50
OOO Prices Of Government bonds were
unchanged throughout. -.,.
The total sales of stocks were GHIp
shares including AtchisOn preferred ~
0'". Baltimore ana ONO SO 80 ,,it,,,iil
Burlington and quincy, z6dQ' boulSXiiIc
and Nashville - $50. Manhattan Ele-
waited. g750. Reading first preferred. 1910
Missouri Pacific. l46Z2; New 1ork Cen
trial. 1880. Northern Pacific. 100; 40.
preferred. 4322O, Reading. 562O. ROCK
Island 30 $50, ST. Paul 1920. southern
railway preferred S.33I; Union faclic
preferred 32170, Wabash preferred I,5S' i,
American Tobacco. 40 400. Chicago Great
Western. 1880; Peoples Gas, 1880; ou-
gar 46.Hu. Tennessee Coal and lron'
5a7a United States Leather preferred
If3I
The Evening Posts London financial
cablogram says. The stock markets here
opened ,ri.l to-day, but speedily recoV-
cred ON the belief that Spain viii soon
give iu. and prices finally closed bpoklus
in The case of Americans and Spanish s..
The revival in Kanirs continues. some
uneaSincss is felt here i'm leading bahh
parllrs over France and West Africa.
insurance risks on stocks against war
with France have been effected at Lloyds
az as high as twenty guueas FOR q year
The stock Exchange at present dlsre-
cards the natter but 70 should DE noted.
MONEY AND EXCHANGE.-More on
cau steady a. 2N2l2 per cent; las, loan
~ . mon cent. Prime mercantile paper,
5i.TG per cent Sterling exchange steady,
with actual business I'm bankers bills az
Ielf,04Sg1t for demand and az 4blliH
3S1t, for sixty DAYS posted rates. asa
ISL. commercial bills 4SOS Silver GER
tifcates. 5Gi.uJ7. bar silver. 56l3; MeXi-
can dollars. a.. Government bonds steady;
State bonds dull, railroad bonds strong.