Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-04-29

THAT Is. BY COMPARISON WITH
THE LETHARGy or WEDNESDAY.
AN AGGRESSIVE BUYING.



market was quite active and animated
to-day compared with the lethargy and
sluggshness Of yesterday. The days
business was not by any means large
and there were prolonged periods Of
dulness then spur,s OF activity. There
was no outside interest I'm the market Of
any Importance. and the buying was due
10 the initiative OF one or two prominent
operators. who distributed orders with a
liberal hand all through the active list.
This aggressive leadership invited more
or less following among the small room
traders The buying was placed on the
confident assumption that the approach
ing naval engagement of the Philippines
would result in favor of the United
States forces.
Changers were conspicuous I'm the
trading. and led the advance in the rail-
road list.
30 doubt the distinctly easier tone IN
the money market had something 10 DO
with the awakening Of the speculative
spirit. Call money was quite abundant
to-day. Rates for time loans were quota
bly, lower AT from - 10 6 per cent. for
a. periods. 1t is significant also of future
prospects ia the money market that
lenders hold out for long periods at eX-
listing rates. while borrowers want money
for not more than sixty days.
EXCHANGE YIELDS.
I'm spite OF easier conditions in money
foreign exchange yielded a fraction to-
day The keen denoEd abroad for food
stuffs is making cX. rtnge all the time.
fr4 d. bf
markets point 10 HIGHER discount rates
There was some increase of activity I'm
the bond market. bat IL was confined al
most entirely To the speculative issues.
which showed hight" prices iT sympathy
with stocks. Total sales 81 ~ 00p United
States new A.. registered. advanced -.
and the old As. registered, If, while the
new A.. coupon, declined T. in the I'D
Uice.
The total sale. OF stocks s. 're 1000
share including Chicago. burlington and
Quincy, 795, Northern Poetic preferred,
l0.l72, Roch Island. 1165. ST. iul, Got;
Union Pacific preferred. 1889; american
Tobacco. $500; sugar $50.
MONEY AND EXCHANGE
Money on call steady at ll-2421-2 per
cent: last loan az J - per cent. prime
mercantile paper. GH1 per cont.
Sterling excha1rc easici .ith actual
business I'm bant,.-' I.Hs ftSl t--u
SiSi 81 FOR demand a1d So iAN 80 FOR
sixty days: po.'ed rat, "utls5 IL
and $LSG; commercial BIN ~ .'r3LN' IL.
Silver certificates. 90 1-i0i1 -. Ear sill
yer. 81 Mexican dollars o. To-
Governn ent bonds irregular state
bonds dun Railroad bonds stro 60
STOCKS ~ LONDC"
The Evening Posts London financial
cablegram says: The stock markets here
were steady to-day. except West Austria
liza, on the Bank Of England return, and
the further inflow Of gold. The main
feature was further rise In Brazil and
Argentine stocks Americans were neg
lected. but were supported at the close
by New York. apparently because of the
bombardment i'm Cuba.
The further rise I'm silver aud the IN
creased activity were due 10 Americans
holding supplies, and the announcement
Of a French mintage order for E6OOVO, 10
be rendered for on Saturday. Some per-
sons say the order is really for Spain.
In connection with the recent rise IN
America i'm wheat and other grains, l
learn that those concerned here In the
movement are now insuring their profits
al Lloyds The charge on wheat ranges
from 10 10 guineas.
SPANISH POINTS.
The Bank of SPANS return shows the
effects of the recent run by a decrease OF
e. 10000 in the silver reserve. Spanish
exchange is selling ij pesetas to the
mound sterling. the lowest on record.
The details Of the gold movement Tor
the week are C12900o Of bar gold, and
French. German. ana Japan gold COIN
bought. 10000 sovcreigns imported from
Egypt 10000 from Austria, 5000 from
Denmark. and loco from Australia
Sixty-nine thousand pounds i'm American
coin was sold. The coin and bullion in
the Bank of England has increased this
week ei51l.O0 of which ElGOtW is net
gold imported for the week, ana the rest
is from home circulation.
rrw YORK sTOCk QUOTATIONS.