The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-05

III
G. H & S. A. 6s.lG2 So. Ry. IS ....... Sslk
do do ends lei ; 5. Rope & T. 6s. 81
H & T. l.. IS. .1l2lz Tenn new set IS. 81
do con. 6s..... l03 7. p. l.. @. 1sts.l00
Iva. c. lists. 80 do do reg. 2ds. b
ID. p. con. [. r...102 L. p. D. q G.
X. P. LIST Den. lists ............. 53N
div) I. ......124 Wab. list 5s......1e7i2
La. new con. IS. do DDS .......... a
old ............. l02Is. W. Shore 4s......107
l. & y. uni. As $685. Va. Centuries g.. 81
Mo. 6s ..........lo0 2 do deferred ....
NJ. K & T. ends. 60 NJ. & o. IS ...-... Y
do do As ...... S6l4I y & w. con. Is. 7sl2
n Y c 1sts....1l5 &c. of Ga. con-. S6S4
N. J. c. 5s.......ll2 do do 1st inc. IS
n. c. 6s .........l22i9 DO do % inc.
do do As ........lo0 old .............. Il
N. Pac. 1sts.....ll3
New York, April 4--Money on call was
easier at 1isG4 per cent; the last loan was
at IL per cent. Prime mercantile paper. 54
per cent. Sterling exchange weak with
actual business in bankers bills a $i.S3130
4S3s. for demand, and at S4.S0lz for sixty
days. Posted rates, S.HlAQ4S2 and A.S4i2
G4S5 Commercial bills $4.S0A. Silver GER
tfficates, 55ssG56iae. Sales, 1000 ounces. at
56l4c Bar silver, 55l2c Mexican dollars,
45c Government bonds were irregular.
State bonds were dull. Railroad bonds
were strong.
New York, April 4.-The Evening Posts
London financial cablegram says: The
stock markets here opened strong to-day
on the report that the Pope was mediating
in the Cuban affair and on the securing
of Chinese ports by England. Spanish
IS rose TO 5l1a. y general reaction follow
ed on a disbelief that the POpe's media
ton had been sought by the United States
and the markets closed dun, pending def
mite news as to the acceptance of media
ton by the United States. The buying of
Americans was rather extensive to-day,
but il was not influential nor discriminate.
A stock exchange holiday on Saturday
next Is Professionally announced. In con-
nection with the weakness of the London
discount market, IL is TO be observed that
more American bills are Offering. Cape
gold to the amount of 100000 was bought
to-day for shipment to New York"
New York. April 4.-The interest and the
principal activity i'm the stock market to-
day were in the first hour. The bulge at
the opening was caused by the scramble to
execute all at once buying orders for sew
eral thousand shares in each of the lead
Ing stocks. These orders were placed by
frightened bears who saw a warning in
the very buoyaut tone assumed by Ameri-
can securities on foreign exchanges, and
who had in mind the sad experiences of the
shorts of last Monday. Upon the execution
of this mass of orders at the opening prices
promptly sold off again. The decline was
arrested when rather more than one-half
of the advance had been wiped out. Trans
actions for the remainder of the day were
small and fluctuations were narrow out
side few special cases, and there was lit
tie of interest or importance IN the stock
market. Notwithstanding the later weak
ness net gains of from / to over points
were saved for nearly all the active stocks
The opening jump in prices was in sympa-
thy with the buoyancy of Americans in
foreign exchanges where the reported me-
diation of the Pope between the United
States and Spain was viewed as of the ut
most Importance. This Importance was en-
HANGED by the fact that the reports given
out from Spanish sources had it that the
Popes mediation was offered at the re-
quest of the United States. The sentiment
for peaceful adjustment which found ex-
preston in many pulpits in this country at
Sundays religious services tended TO give
color to the peaceful outlook
Professional stock traders who were af-
ter the bear scalps were also very busy
disseminating an allegation that President
Mckinley had determined to embody re-
eommendation against war or forcible in
PREVENTION in Cuba in his Forthcoming mes
sage. The early view, Ii was soon believed
had exaggerated the possibilities of peace
The official denial from Washington that
the Pope had been accepted as a mediator
between the United States and Spain was
potent in dispelling this view. Expressions
by men in Washington who are strenu-
Gus for firm action on the Cuban question
end expressed their eontentment with as
surances given them after having seen
the President, indicated the purpose OF
the administration 10 insist on Cuban in
dependence Notwithstanding these later
revisions of opinion, the active measure
taken by the Pope was felt to offer a. pos
sible means of influencing Spain to yield
10 the demands of the United States, es-
pecially as the opinion of the Vatican
heretofore reported inclined favorable to-
ward the granting of Cuban independence.
This constituted the sustaining force
which saved the market from a fun re-
action from its opening gains.
The bond market was dull. and after
opening strong, prices eased off a little
but stiffened again before the close Balti-
more and Ohio 6s Parkersburg branch,
sold at lO4. a decline Of II points from the
last sale. Total sales, 81 725,OO0
United States new As, registered, ad-
vanced III; do coupon, 1ss; the old As /.
do coupon and the IS, ", and the Is de-
clined Y per cent bid.
The total sales of stocks were 800. 300
shares, including Burlington, 80. go; Louis
Vile and Nashville, 1O,0S5; Manhattan. 49,
2SO; Metropolitan Street Railway, 1886:
Northern Pacific 1915; Northern Pacific
preferred, no; Missouri Pacific, 5.525;
Rock Island, 11,070; st. Paul, AZ, 1875; Union
Pacific, S202S; American Spirits, II, $50;
Sugar, 9l,7SO.