The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-09
STOCK MARKETS
IMPROVED TONE.
Due Largely to SPANS Apparent
Avoidance of Rupture.
LITTLE DOING IN THE MARKET
Beyond Professional Manipulation.
Bonds Show Strength i'm sympathy
with StOcks--Whcat Goes Up
Acknowledgement Markets.

NEW YORK, March S.-Thc tone Of the
stock market was improved much to-
day ass compared with that Of yesterday.
The ground for Che greater confidence M
values being the apparent desire OF the
Spanish Government 10 deprCcate any
idea thW they desired Ca rupture with the
United States on their own initiative, or
fnat they sought Co irrltafc tho United
States Government into assuming the Of
fcnsiVc. The effect Of This was clearly
defined lu sharp recovery OF the pflce
of Spanish as, both I'm London ana Pans.
Americans also We're much steadlci on
Tho foreign exchanges, but there was
nothing boo the carly quotations from
There Go give forcfaefc or the sharp
advances 600 the opening here. Tho mar
ket was quite aggressiYcly strong during
Tho whole of the earlier part of the ddy,
huf 10 is "a question whether TINS was
due Go amy large amount OF buying TOT
new accounts. That short interest was
largrIV increased yesterday was easily 10
he seen. and shrcwd professional manipu-
IHfOrs were able tp discern inns morning
chat The morning was in ana OVcrsOld
condition. Tho better outlook in the rela-
tous between Spain ana the Jhte9
states made Che shorts nervous ana
There was something OF a. scramble TO
recover ut tine opening. Manipulation Tor
Ihr rise was Dies .gucd tu overcome bear
margins and tho Keen demand 40 the ao-
vance proved The mauO uNrc 10 nave pech
successful 10 did not require very
iaree adranc, to invite further liquida-
zion. aud fhn last hour saw prices fan
almost Goo last night IS point. covering 10y
Debated shorts caused 90 slight siinening
against tho final dealings. outside of the
professional manipulation there vas ht-
It d0ing JOB the market some buying
was reported for London and was con-
Iuurd. a number of dividend announce
mtufr aud tine Fldtemcnt thtt no pphe
ISSUE would Dee necessary for the proposed
fuprDurlffiou obi S1OOlO0OO for national
defence were all factors toward the more
confidential views Of the situation. Ope-
ftfIuur. nevertheless. were pursued Win
caution. aud disposition was apparent
feb adopt a. waiting policy. Net Gains. eN-
.rpf boo 90 frw of the specialuos, were
Slnucd to fractions. The prices or
Northwestern railway stocks We're rather
."nenrnously stIons, IN spl.t Oh the cor
TUuduco 0f the transcontinenlal rate
war; The pittsburg. c., q. and ST. Louis
stocks were weak. the common losing
points and tho preferred "a.
Bonds showed strength I'm sympathy
with stocks. but resisted the late weak
ue-- iu the market. except Kansas Pacific
.on~nlS which lost AN of the earlier ADD
vance. amounting 90 nearly points. To-
tll sales. S3faO.0OO United States new
f- registered. were - lower and do.
ICON D., lower bid to-day.
Total sales of stocks were 30, 100
shares including Atchison preferred,
1lOI. Chicago. burlington and quincy,
.f so. Louisville and Nashville. $3.50,
Manhattan Elevated. a 10. metropolitan
Traction. sJG2. Reading first preferred.
fIcu. New York Central 11.0jO: North
arm Pacific. 9720. do. preferred. 1850;
Rock Island. S32~ ST. Paul. @.12o, Union
Pacific 1908. American Tobacco, 1boS;
Peoples Gas D. 500. Sugar. 45120.
MONEY AND EXCHANGE Money on
Uall firm at per cent. last loan at
per cent; prime mercantile paper 404l4
pcr cent Sterling exchange weak. with
actual business ir bankers bills at ANf
for demand and 700 4N1ii for sixty days,
posted rates. fs2il iS3 and 4S5la. COM
mcrcial hiIl 1901 sN4N1. silver certificates.
5lul5. bar silver Jfi~. Mexican dollars.
fln f..rlruruauf bonds fg4aly. State