The times. [volume] (Richmond, Va.) 1890-1903, 1898-04-29
STOCK MARKET
QUITE ACTIVE.
That is, Compared With Wednesdays
lethargy and Dizziness.
THE DAYS BUSINESS NOT LARGE
There Was No Outside Interest OF Any
Importance and the Buying Was
Due 60 the Initiative of Prom
incnt Operators.

Nl1W YORK. April 2s.-The stock mar
ket was quite active ana animated tu5
day. compared with tho lethargy anu
Slugcishncss ~ yesterday The DAY
business was not by any means large. ana
there were prolonged periods Of dizziness
then spurts Of activity. There was no
outside interest iu the market OF any
Importance. and the buying was due 10
tho initiative OF one or two prominent
operators who distributed orders with
liberal hand an through the active IlSl
This aggressive leadership invited more
or less following among the small room
traders The buying was placed on the
confident assumption that the approach
sing naval engagement or the fhihpplhe
Islands would result in favor or the
United States forces Changers were
conspicuous Boo the trading. and leo the
advauct in the railroad list No doubt the
distinctly easier tone Ina the money mar
kct had something 60 do with the awaken
ing Of tho speculative spirit. Can money
was quite abundant to-day. Rates Tor
time loans were qu0t8bly lower 40 from
~ TO pCr cent for an periods. 10 rs
significant also of future prospects TN the
money market that lenders hold ont Tor
long periods at existing rates, while bor-
r0Wers want money for not moro than
sixty days. i'm spite OF easier conditions
iu money foreign exchange yielded a frdc-
fion to-day The keen demand abroad for
food stufs is making exchange an the
time and the prospects OF the foreign
money markets point 90 higher discount
rates
There wai some increase Of activity in
fhc bond market. but 10 was confined al
most entirely tO tho speculative issues
which showed higher prices in sympathy
with stocks Total sales. 81 02j."O0
United states new As registered. adj
,anrod 81 and the old 4s. registered. Y,
while tina now as. coupon. declined = I'm
Total sales ~ stocks were 10 OO shares
including Chicago. Burlington and Quin-
rv rs 7.I. Northern Pacific preferred. 10
~. Rock Island 77G5; 81. Paul. % 764
Union Pacific preferred. 19He, American
Tobacco. 1852. Sugar $3.50.
Tho Evening Posts London financial
rah.cEram says: The stock markets here
wcro steady to-day except West Austria
ia on Tho Bank OF ENGLAND return. and
tho further inflow " gold. The main tea-
turc was further rise en- Brazil and
Argentine stocks Americans were neg
Ioctcd. but were supported at the close
hv New York apparently caused BY the
hombardmeu- in Cuba. The further rise
iu silver and tho Increased activity were
due to Americans holding supplies and
rho announcement OF "a French mintaCe
order for 5000 to be rendered for on
Saturday Some persons say the order IS
really Tor Spain Ton connection with the
recent rise Boo America I'm wheat and other
grains. 7 learn that those concerned here
ir the movement are now insuring their
profits at TIOvdS THE charge ON wheat
ranges from 90 Ia guincas. The Bank
M spain return SHOWS mo efertS or the
recent run hy 20 decrease ~ C1.T1OO0 in
rho silver reserve. Spanish exchange is
selling g. ucsetas to the pound sterling
lowest ON record The details of tho gold
movement for tho week arc f12QOpO Of
h8r gold and French German and Japan
gold coin brought 80 600 sovercigns inn
n0rted from Egypt. lO2 ono from Austria
30 600 from Denmark. ana 5000 from
Australia. SNty-uiuc thousand pounds in
American coin was sold. The coin and
bulletin in the Bank of ENGLAND has in
creased this week GI511 oo0. of which
100000 is not gold imported for the week
and tho rest is from home circulation
MONEY AND ENCHANGE.-Moncv on
DIl steady at i.H2a per cent: last loan
af 90. ucr cent. prime mercantile paper
t01 per cent Sterling exchange easier
with actual business iu bankers hills ~
1SfiaN4SfH for demand and az 4St04S1h
for sixty DAYS. posted rates. 4S2@4eI and
<e5404~6. commercial bills 1903 4S0l4
silver certificates. 81 4Nj7i4. bar silver
~ Mexican dollars 4jS Government
bonds IRREGULAR. state bonds dun. railroad
bonds strong