New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-16
STOCKS FRACTIONALLY HIGHER

AVA" TRANSACTIONS SMALI>-IMPORTs OF GOLD
Like the foreign markets the local Stock Ex-
'"inse yesterday showed at the opening general
o0''erS OF prices. there being an active demand
from the short interest But this lasted only n
snort time. The market became extremely
duIl' prices gradually recedng from the highest al
'hough most Of the stocks closed fractionally
higher than on Thursday The early gains wore a.,
reports mat the prospect of continuance 0. peace
was good the Powers proposing to bring fresh in
nucnce to bear upon the Madrid Government: but
these rumors were rather discussed than generally
believed The total transactions wers small only
apout N2"O SHARES. Prominent speculative interes
were not identified as buyers at any time Supor
ana TOBACCO were the most active stocks and
Ruober was strong or the declaration o. a dividend
OF ? per cent. Government bonds were unchanged
Money remained firm Time money is so high as
not to be available for borrowers In general The
sales OF Sugar yesterday were 1920 shares close
ll6as. or Tobacco 1895 shares were sold OK div-
deni decline 4@s: Burlington 1920 shares. gain a.
St Paul. 1905 shares. gain IS: Union Pacific pre-
ferred 1921 shares. gain y: Union Pacific. Denver
and Gulf. %.475 shares. gain y per cent.
The following engagements OF gold for import
were announced yesterday J. W. Seligman e.
Co.. $4,000: Kuhn. Loeb & Co.. 10000: Bank OF
British North America, 5000 ctO: Heidebach. Ickel-
heimer & Co. $4,000: L. Won Hoffman, Co.. $3.50 :
600: National city Bank. $4,000 a private dis
patch from Boston said that Kidder. Peabody &
siSnnen; OF coo. the engagement OF which had
rot been announced. The Majestic. which arrived
a; this port on Thursday. brought the following
consignTents OF gold Kuhn. Loeb e. Co. 1925 600:
J. W. Scg:nan d Co.. 100000 Bank OF British
North America. flllcN; National city Bank. f,2cO:
kidder. Peabody Il Co., fGl.0ro: Kountze Brothers.
fio 600: Guaranty Trust Company. f25.cD. and two
private orders amounting to fH.10 On the Lain.
which also arrived here on Thursday were 1ooc0D
marks (s2,O.0t) consigned to J. & W. Seligman d.
Co. and $4,000 consigned 10 Blair & Co.
II H. not improbable that there may soon he n
marked advance In premiums for insuring gold.
At the present time importers OF gold ar, paying
rate of only liO per cent. the normal price in time
OF peace.
Only 500 900 in gold deposited with the Sub
Treasury yesterday In return for currency TO be
shipped to interior points. but ii was generally re-
ported that the banks themselves forwarded directly
TO their country correspondents large additional
sums. These latter shipments are said II havc
been partly In gold. the demand for small bills
recently has been exceedingly large.
The Sub-Treasury debtor to the Clearing
House yesterday In the amount OF so.Jc9lS7. The
obligations OF the Government reach their maxi
about the 18th OF each month. and that fact
accounts for part OF the unusually large figures
given herewith. Then, too. more than 100000 was
paid through the Sub-Trcasury on account OF war
expenditures most OF that sum being In payment
FOR munitions Of war recently purchased abroad.