The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-04-20
STOCK LIST HELD STEADY
NO WAR PANIC WAS APPARENT
ON WALL STREET
to Produce a Slight Depression
Through the List, but the Market
Was Nervous, With No Very Sig
nihcant Movement of Prices-A
Sharp Fall In Spanish Fours.

NEW YORK, April 19.-There are men on
Wall street still who believe that not a gun
will be fired in war between the United
States and Spain 1t is difficult to find what
they base this assumption on, but they hold
1t with sufficient tenacity to decline to sell
out their holdings in securities and they buy
cline.
These buyers were in the market at the
opening today. and they sustained prices
above the London parity, thus inviting sales
for abitrage account Of many thousand shares
Of the internationals, which have been bought
in London at the lower prices ruling there
cate practical abandonment Of the hopes OF
peace. and Spanish As, both in London and
Paris. dropped 311 per cent. This weakness
izing on the Paris bourse.
The support accorded to Americans in New
York after the opening here resulted in a
chsnge in sentiment in London and also in
Berlin and later dealings there witnessed a
recovery In Americans though the Spanish
bonds continued to drop This tendency con-
tinued in London even after the close of the
exchange in the trading on the street. 1t
was tendency that gave color to the belief
in certain circles in Wall street that Spain
Is prepared to relinQuish Cuba as a last re-
sort.
nevertheless sufficient to effect declines all
through the list. The internationals led in
the trading and nearly all showed declines Of
point or upwards The bear traders COW
cred to some extent, causing slight rally
from the lowest There was at no time any
heavy pressure of liquidation. Dealings were
slightly larger than yesterday and were much
better distributed, but the market was still
very narrow, and there was no very big
movement In prices.
Operations In the money market continue
very much restricted though there is no lack
OF money for call loans on the stock ex-
change loans being placed at Q per cent. The
tone OF the exchange market was rather
hrmer. and there were no important engage
Of
eminent as to bond issue. The demand
from the interior for money continues The
nigh rates at which time loans and CONNER
ciaf paper are ruling are having their effect
IN restricting business operations outside of
speculative circles. The dullness of specula-
ton In securities is doubtless due also in
part to the diversion of active speculation into
the wheat and cotton markets.
The market for railroad bonds continues
seml-stagnant, and prices generally declined
Total sales. $825, GOO. United States 4s de-
cllned Y. and the 5s, coupon, u in the bid
price today. hers were unchanged. The new
4s, coupon. sold at 117ss, against 11S1s yes
terday. but there was a sale later at lis.
| The new As sold at 1884, against a sale yes
terday at lib, and the cd As, coupon sold at
Gale. WY -'''
Total sales Of stocks today were 1s45Oo
snares. including q. 1895 c.. B. & O., $3.50 l..
$3.50 N. Y. Central, 1902 N. p, 1875 N. P.
preferred, 6,6l3 Rock Island. 2O,47S st. Paul,
| 1874 Union Pacific preferred 9,720 U, p. D.
& g., 6,3os Tobacco 1854 Suger.
The following were the fluctuations of the
leading railway and industrial shares fur
New York stock exchange and Chicago board
| Of trade: ~