The age-herald., 1898-03-17
In Wall Street.

New York, March 16.-The early strength in today's stock market was a repetition of yesterdays movement, but prices resist ed the late pressure for decline and as a consequence show substantial net gains all through the list. The bulls had the ad- vantage also of higher prices on London exchange, and although prices Immediately rose buoyantly above the London parity, there was conspicuous buying for London as late as business was done in the British capital. The London buying was certain y due to a feeling that there is a more promising prospect as to affairs between the United States and Spain. This feeling was shown also in a quite buoyant tone for the Spanish As, which rose IA in Lon don and F in Paris. There was undoubted- ly prevalent a feeling in New York also that the outlook was more peaceful, and such of the days developments as had a more threatening aspect were ignored. Either the Spanish governments semi official announcement of it's opinion or the
 maintenance by the United States of the fleet in Florida waters or the news that official attention had been called to this opinion by the Spanish government would have been sufficient to demoralize the market a week ago. But the underlying conviction in Wall street is that the au- thorities at Washington have come to in dulge hope of peaceful settlement. The continued preparations for defense do not wholly dssipate this conviction. Neverthe- less operations are not on large scale pending definite decision of the Cuban problem.
 The supply of stocks was not large today and prices moved easily upwards without any heavy transactions. A part of the buy ing was attributed to large bull interests, but much of it was also supposed to be the covering of the short selling, which caused the late decline yesterday. The bears were apparently averse to renewing the attmpt today, and the high level or prices was not seriously impaired. The hope of a successful adjustment of the traf- fic rate controversy in the northwest was quite an important factor in the advance here and in London for Americans. The local and industrial specialties led todays advance, but the Grangers, Northwestern and international stocks in the railway list were also conspcuously strong.
 Heavy additional engagements of gold for import were made today without affecting the steadness of the exchange market De- low the gold import point. The total gold movement from Europe has now reached $24 GOO 900.
 The accumulated stocks of exchange are supposed to have been somewhat reduced, hut there is undoubtedly a large supply
 still rmaining and the continued heavy out Wah movement of merchandise is constant- lv bringing new bills into the market, which are sold against gold imports as fast as they come forward.
 Bonds were strong throughout in sym pathy with stocks. Total sales, $1 $50 ,G00 United States As, 5s and old As coupon each advanced 1a bid today.
 Total sales of stocks today 372 300 shares, including Atchison preferred, 5.020; c. B. & O., 42, 900; l.. & N, 9,S55; Manhattan, 7,135; Metropolitan, 5,330; Missouri Pacific, 4,645; New York Central, 4,S20 Northern Pacific, 1920; Northern Pacific preferred, 27,SO5; Rock Island, 139SO; St. Paul, 4o,6so; Union Pacific 4,S2O; Tobacco, ASA; Peoples Gas, S606; Sugar, 34,316 Western Union, 3,320
 Money on call steady; actual transactions 11a6l215 per cent; last loan per cent.
 Prime mercantile paper 4iaQ5A per cent.
 Sterling exchange steady, with actual business in bankers bills $4S3z94.S39s for demand, and s4.S0A for sixty days.
 Posted rates $4.S11a@4.S3 and s4.S41sq4S5la.
 Commercial bills $47915Gl4.79$i.
 Silver certificates 55la@55Ac.
 Bar silver 55Ac.
 Mexican dollars 45c.
 Government bonds strong.