The times. [volume] (Richmond, Va.) 1890-1903, 1898-05-24
Pr CES LIFTED
ANOTHER NOTCH.
The Dealings Were Small and There
Was No General Activity,
AMERICAN MARKET IN LONDON.
Prices Were We'll Sustained on the
Belief that Spain will Shortly Sue
for Pcace-RailrOad Bonds Mar
row and Inactive.

NEW YORK, May 23.-Thc Lowell OF
prices Of stocks was lifted another notch
as a result OF to-day's trading Tho deai-
ings were not large, and there was nO
general activity ia the market a. .no
same time It was noticeable that num-
Der OF usually inactive shares were
moved. and this gave the market inc aI,-
pCaranCc or a broadening tendency WHi'h
a closer analysis did not altogether con-
firm. There was a good market lot
Americans In London. and prices were
wcn-sustaincd on "A belief that spain
would shortly sue for peace. There was a
CoincidCnt rise OF point OF over ~
Spanish as in London and Paris. A ru-
NOR that this was due 20 "a pendlns
Eranco-Spanish alliance oid not hutt
Americans IN London Traders reauzihs
in the late dealings caused break OF
nearly points in Pullman. OF ~ IN Con-
solidatod Gas and points IN New YORK
Air Brake. The result was an unsettled
closing considerably below me pest IN
some cases, and with net gains, as RUE,
only small The rates for money con-
tinued 10 drop. and the desire tor some
evidence Of more active demand as indl-
eating business activity began 10 eNtchu
outside the circle OF the money iehdets.
The accumulation and holding OF eNc
change resulted in a further advance OF
&c in the rate for demand sterling, ana
OF sc for sixty-day bills. Discount rates
declined in London. Berlin and Paris IN
consequence OF the release OF those CEN
tres from the pressure OF exchange IoF
New York
Rsilroad bonds were narrow and mac
tive but prices We're well held. Total
sales 81 $4,000. United states new As
declined p. in the bid price. Others were
me total sales Of stocks were 279.2oO
shares. including Atchison ptd., SoJHi
Burlington, 1850; Louisville and Nash
vile 1925; Manhattan, 300: Meropol,
TAN street railway. = 800, Chicago ana
Northwestern 4.44O: Rock Island, 1880;
81 Paul. Al 500: Union Pacific pfd., lIH3;
Wheeling and Lake Erie 6.OSO; American
Tobacco. l. 263; Peoples Gas, $50 Su-
gar. IL. 155: United States Leather oOlOi
DO. pid., 20,l4O'
The Evening Posts London financial
camegram says. Further receipts OF Eolu
and the rumOrcd settlement OF the west
African difficulty strengthened an the
stock markets here to-day. The rise was
also assisted by the strength OF foreign
bourses There were no public dealings,
however. and the business to-day was
principally bear covering. Americans were
stronger. Denver and Rio Grande and 81.
Paul leading II is said that the latter
NAV be scarce for delivery ~ the settle
ment TO begin tomorrow. There was
ment 10 begin tomorrow 1heIS wa
further rise of one point in Spanish 4 s.
MONEY AND EXCHANGE.-Money on
call at 1G1h per cent, last loan at lWlA
per cent. prime mercantile paper, 4l@W
So per cent Sterling exchange hrm, win
actual business in bankers bills az $500
4sGa, for demand. and at 4S34M4e6 for
eivfv davs: posted rates, 4SrAN 4STl2; COM
mercial bills 4S2HN4S3. Silver cerun-
Gates. 57a-HJS4: bar silver 51l2; Mexican
dollars 45it. Government bonds weak,
state bonds dull; railroad bonds firm.