New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-21
BONDS.
THE DAYS OPERATIONS N STOCKS

c.o.L ,,or,.o, onerations continue small with
-r,.o ,,ovsront- irregular In the early deal
,,os yesterday yalues showed declining ton
denc, losses running from 10 IL per cent nut
before the close the entire Est became suons'
with final figures giving complete reco'ericS III
the majority OF issues and insignificant changes
as compared With Tuesdays last quotations.
The advance which followed the early dcciihe
furnished further evidence or the NmidiE "'
the shorts and the eagerness OF the S'ree' L"
CRASH 81 every report and rumor which appear
70 indicate that Spain may get Withdraw from
Cuba and the whole question be settled without
an anpeal 10 the Army and Navy. In fact con
alterations which govern stock market move
noenis q, present arc based upon the theory that
war will he aver;ed or. in the case OF war. thaf
hostilities will bc tor, shor. TO have any ADVERSE
effect anon the Countrys business and money
markets Persons who buy stocks upon such
belief must sccer: chances cf when common
sense does not approve.
Foreign prices came in lower. Spanish bonds
showed further losses. and the foreign markets
exhibited pronounced in iications Of uncasiness
In this market the sales for foreign account
were comparatively heav.. the dealings by arb
TRACE houses making up good part Of the hrSt
transactions In stocks The days movement o.
prices reflected a NEE swapping process s"
far a Board room traders were CoiVeiH''i ""'
IN the sales hv foreigners indications were fur
n.shed OF the unwillingness Of European holders
70 view Spanish American corfct with oqua-
niuify and n disposition to lGTdate current
trade-balance credits in securities rather than in
gold This las,-named feature may become
factor OF considerable Importance II the demand
FOR gold from shis countrr continues. and i Ger
tairlv is worthy OF the attention Of people w"
are firm, believers that stocks have reached boz
tom prices.
or the total dealings in all issues. few specu-
lative favorites supplied the greater number.
American Tobacco was again leading active
feature its transactions. with those in sugar
Refining. making up about one-thirc OF the en-
tire business. and its price after huctuating
over a range Of 1d2 per cent. closing at net
loss Of Ia per cent. 1t Is generally understood
in the Street that the present management OF
the Tobacco Company will be succeeded at the
coming meeting Of the stockholders by men
more in touch with business needs. The leadng
Granger shares and Union Pacific preferred
were active while New-York Central Manhat-
tan. Louisville and Nashville and Northern Pa
cinc preferred displayed indications OF life. Cow
erinc OF shorts in the afternoon was due to
report that Spain had requested an extension or
time in which to answer this country's ulti-
matuu,. this report suggesting the possibility OF
further pressure being brought to bear upon
Spain 10 force her to give UP Cuba without
fight The upward movemen. caused b. this
rumor was checked before the close. owirS TO
the Fact that no confirmation OF the report was
received Final prices showed small net losses
IN the majority Of issues.
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS.-No sales. Final
quotations were unchanged except In the Is OF
1927 which advanced 1Gfl per cent.