The times. [volume] (Richmond, Va.) 1890-1903, 1898-04-24
LIFTING PRICES
A NOTCH HIGHER.
Active Demand for Securities Reported
in London.
WAR VIEW IN FINANCIAL CIRCLES
General Impression That It VIII Soon
BE over Unless Some Unexpected
Accident Shall Assist Spain TO
PrOlong the Struggle.

NEW YORK. April 23.-To-day the
stock market was discOuuung peace
IN the language of the brokers. This was
zone hy lifting prices notch higher
There was reported an active demand FOR
securities in London but the buying here
Tor London account was not large, as
prices here ruled above the London p0ri-
". There Wcro periods OF inactivity, hut
Inc publication OF the bank statement
Cauecd renewed buying and lifted prices
60 tho highest. They were shaded or by
war apprChcusious The general feeling
iu financial circles is that the war ls not
likely Co be protractcd. and only some
unexpected accident can prevent spain
speedy surrounding 90 superior force.
Demand sterling rose 90 4Si. The week
closes with o. great part of the extreme
losses in price recovered net declines NOT
exceeding points in any or the prominent
stocks. 10 is noteworthy that the lowest
prices OF Tho week were not as low, cN-
cept boo "a few cases, as those on March
Iath. which marked the lowest point IN
tho decline after the Maine disaster.
I1-days bank statement shows the sur
plus reserve 20 have increased 90 S+3b@5.-
loo. and OF The first time since war threat
cued the weeks increase IS due 10 an
actual increase in cash rather than 20 the
iessCncd reserved requirements through
dr4 wing down deposits. Ihat rs 10 say,
the demand for cash from the interior 70
f1rilfy reserves thcrc has almost ceased.
OF the total Of nearly SWer0D of gold
ordered from Europe over SlIppoOpO re-
mains 10 joe accounted tor the bank
statement being in transit or received
after tO-days statemsnt was completed.
Ig Wow 0f these conditions 10 is not
strange that the movement OF gold 10
New York has come 90 "a stop. no foreign
engagements having been announced Tor
Thc prices Of bonds during the week
Gld not move SO widely as stocks. either
800 ODE early downward movement or IN
Tie later ro,oyery Irag 9ssS,,o were
eminent bonds for the week I'm the bid
price arc of, boo tho new Is registered. ia
iu fhe now as. coupon. ~ for The ola -.
f- for tho Js coupon. and - for the 5s,
ne total sales OF stocks to-day were
H. gen shares including Chicago. Bur
nneton and quincy !20t9; s. Paul IL
1l5. Union PACIFIC preferred IT ivoi Amer
lean Tobacco 1880, Sugar 2o'lf1.
The Evening Posts london financial
CabisgrIm saws. There was "a general re-
c0Very Boo the stock market here to-day,
led by Spanish IS and Americans. on
further bear closing here and from New
York The Paris bourso was also much
better. excepting BraZiis and Portuguese.
which were sold heavily. Americans
closed under The best ON the reported
capture Of the Paris which is not believed
az II0yds New York is said 90 have
stopped buying gold FOR the moment, but
80 is not believed that the American de-
mand is wholly over yet. Money is plcn-
ttu here because brokers abstain from
investing freely in bills.
MONEY AND ENCHANGE.-Mon on
cal nominaIIy at . per cent. prime mer-
camille paper ti-nt per cent sterling tN-
change firm. with actual business in
bankers bills an fS4 for demand and
asa for sixty days. posted rates, 4NlH
4sfi4. commercial bills, 47o4479i.. silver
certificates 5i.0dfil, bar silver, JJfs;
Mexican dollars. a.. state bonds dull,
railroad bonds irregular Government
bonds weak. new As. registered, 1l64.
WEEKLY BANK STATEMENT.-The
weekly bank statement shows tho follow
ing changes.
Surplus reserve. increase. So 179.O25,
loans decrease. S1439 100. specie. i'm
crease. 50. SS5 No. legal tenders, decrease.
s. g~l $3.50. deposits. decrease, S2.3U2. 100,
circulation. increase. Sli 800
The banks now hold $fJ 80 100 Boz excess
~ the requirements of the % per cent.
rule.