The daily morning journal and courier., 1898-03-17
EtmamctMt.
Stock Market Prices Show Substantial Net
 Gains

Stock Market Prices Show Substantial Net
 Gains
 New York, March 16.--The early strength in to-day's stock market was repetition of yesterdays movement, but prices resisted the late pressure for decline and as a consequence show substantial net gains all through the list. The bulls had the advantage also of higher prices on the London eX- change, and although prices immediate ly rose buoyantly above the London parity, there was conspicuous buying for the London account as late as bus mess was done in the British capital. The London buying was certainly due to a feeling at that center that there is a more promising aspect as to affairs between the United States and Spain. This feeling was shown also in a quite buoyant tone for Spanish As which rose 1A in London and F in Paris. There was undoubtedly prevalent In New York also a feeling that the outlook was more peaceful and such of the days development as had a more threatening aspect were ignored. Eith- 
 cial announcement of it's opinion on the maintenance by the United States of the fleet in Florida waters or the news that no official attention had been called to this opinion by the Spanish government would have been sufficient to demorallze the market a week ago. But the underlying conviction in Wall street is that the authorities at Wash ington have come to. indulge hope of peaceful settlement. The continued preparations for defenses and such in- cidents as those of to-day do not who'll ly dissipate this conviction. Neverthe- less operations are not on large scale pending a definite decision of the Cu- ban problem. The supply of stocks was not large to-day and prices moved easily upwards without any very heavy transactions. A part of the buying was attributed to large bull interests, but much of 1t was also supposed to be the covering of the short selling which caused the late decline yesterday. The bears were apparently averse to renew ing their attempt to-day and the high level of prices was not seriously inn paired The hope of successful ad- justment of the traffic rate controversy in the northwest was quite an import ant factor in the advance here and in London for Americans The local and industrial specialties led to-day's ad vance but the grangers, northwesterns and international stocks in the railway list were also lconspicuously strong. Heavy additional engagements of gold for import were made to-day without affecting the steadiness of the exchange market below the gold Import point. The total gold movement from Europe on this movement has now reached SPA, ,000,O 900 and 1t shows no sign of sub- siding in spite of the growing tightness of money in London and in European centers The accumulated stocks of exchange are supposed to have been somewhat reduced, but there is un- doubtedly large supply still remaining and the continued heavy outward movement of merchandise is constantly bringing new bills into the market, which are sold against gold imports as fast as they come forward.
 Bonds were strong throughout in sympathy with stocks. Total sales, s1, S3O GOO.
 United States new As, the 5s and the to-day
 Following are the closing prices re ported by Prince & Whitely. bankers and Brokers, 46 Broadway, New York
 ana 15 Center street. New Haven: