The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-25
WAR RUM0RS
AFFECT STOCKS.
The Market Alternately Feverish and
Stagnant'
SPANISH SECURITIES WEAK.
The Bond Market shows Dullness and
Tendency Toward n Lower Level.
Cuban Situation the All-Impor-
tant Factor Of the Day.
SPANISH SECURITIES WEAK.

NEW YORK. March 24-The stock
market to-day was alternately feverish
and stagnant. closing at the lowest, with
tho losses confined 10 fractions in the
railways. bat ranging from ] to points
elsewhere. The local securities, including
Metropolitan street railway. Manhattan
and Consolidated Gas and Sugar and the
rrangcrs were the features The Cuban
situation was the al-imp0rtant factor to-
day, as 10 has been for long time IN me
markets of tho Continent. Prices fdlllcd
sharply az the opening on the asaump non
that there would De more delay IN deal
ing with the Cuban question. Lohuoh.
after am easter opening, closed better but
the sales from that quarter we're iaiHtSig
BOO excess OF yesterday pulchaH'. A"'
change of attitude OF foreign hnanclcrs
toward American securities was used py
the bears Go hammer the international
shares af frequent Intervals. Inc pres
sure against 81. Paul. New OK central
Louisville and Union Iacihc pIclctitu,
resulted in reccssions Of over "a point as
compared with the high prices estaDushed
fu recent trading. The weakness OF span
lgh As abroad dbl not escape OBSERVATION,
las n was coupled with the announcement
that the Spanish torpedo hollii1 W. H.
cecding westward. Washington sellhs
emphasized the local spectators mI,I-
prcfation OF the activity in the navy pc-
partmcnt and the declaration IN the sen
.ff
lions In cuba that the horrors thete were
imposslble of oxaggerauon. and cailed LOT
intervention. was not without euect;
These things taken collectively cheChtu
Tine momcntary bidding mp or prices
which followed the Scnate's determine
ZION TO adjourn until Monday. Covering
of shorts from time To time hardened
the markets tone. but this IN cdcu IN
stance failed 20 last. The SelhnG move
rnent In the final hour brought about the
lowest level of the day. There was en-
,vered to-day FOR import One-thlrd or a
million I'm gold. The gold imports Would
have been much larger recently, II was
said. but for the purchase here OF round
amounts OF bills of exchange.
The bond market showed dullness. but
"a tendency was evident toward lower
level. Aggregate transactions were S7e1'-
600 Government bonds shared In the
general depression Of the security mar
lofs with quotations for the active issues
showing losses in bid prices OF Y per
cent. except IN the as, registered OF lvv'
me total sales Of stocks were $500
shares including Chicago, Burlington
and Quincy. 81 416: Louisville and Nash
Vile. 6.1lg. Manhattan. l64iJ; Mctropou-
tan street railway 1927. New York Cen
trial 1910: Northern Pacific preferred,
300. Rock Island. S2lO. 81. Paul, 10
go: Union Pacific 234j4. American To-
hacco. 1860. Peoples Gas, CESS, Sugar.
7G22o.
The Evening Posts london financial
cahlcgram says. The stock markets here
were dull to-day with increased DIM
Guilty an cnecting sales OF AN but the
best stocks In Americans the dealers
frequently declined to make prices. span
ish as were sold heavily from Paris. Al
one time they zen 20 52ia. but they closed
st 53it on "a general recovery Of Paris
specialties. due 10 uncOnhrmed market
reports that spain was seeking ihe aiu
Of Great Britain as AN Intermediary IN
the cuban matter. Americans. after
ouening on the New York support. closed
fiat in the street. or the 5000 900 OF the
China loan offered I'm this country only
- 600 60 was applied for. This Is an adj
dluonal cause for the depression I'M specu-
lation. enormous blocks being left on the
underwriters hands. French exchange is
9I3o tn erise Us due 10 purchases or
stock here but the exchange Is not SUM-
GENTLY high 10 give much profit on gold
shipments from France 90 New YORK,
hence the tendency to shift the gold de-
cline 90 London. japanese yen To arrive
next week have been bought up for New
York az 7fs Jiad. Details or the gold
movement for the week show the receipt
Of E7fOO0 o00 for Australia ana Of tDcD
from Australia. and the export Of 10000
t0 Java and Of tl2o0O 10 South America.
MONEY AND ENCHANGE-Mone on
call easy at 1Ln1# per cent; last loan
at u. per cent. prime mercantile paper.
u.nIis per cent. Sterling exchange ir-
regular at 1898 M4Sf for demand. and at
iS74 for sixty days, posted rates.
fN30Is3M and 4SJ04SliR. commercial bills.
4~Oi. 1903. Silver certificates. 5,gsNJGit {;
bar silver 5G. Mexican dollars. 70. Gov
eminent bonds weak State bonds dun;
railroad bonds heavy