The times. [volume] (Richmond, Va.) 1890-1903, 1898-04-27
STOCKS SWUNG
LAZILY UPWARD.
The Reaction Of Yesterday Equal To
Mondays Decline,
BUYING ON A VERY SMALL SCALE,
Sugar. Tobacco and the Changers
Made Up the Bulk of the Dealings.
Local Banks Ship Cold TO the
Acknowledgement Markets.

NEW YORK. April 2G-Prices OF stocks
'Nung laziiy upward to-day covering
ABOUT the same range as in tho downward
course OF yesterday. 10 was a trader s.
market as was that OF yesterday. No op-
eratious on a large scale were Ventured
upon. nor is there any outside interest IN
the market. aside from some desultory
buying OF small lots through commission
houses. The market was so narrow that
the buying Tor London account was quite
conspicuous feature. though IN itset
Anall While there was no reaction OF
any note during tho day. none OF the
prominent stocks made large net gains.
a few less active stocks showed cOnspicu-
Gus movements. Sugar Tobacco and the
grangcrs made up the bulk OF the deal
ings. The demand from the interior for
currency which had almost ceased last
week has regainCd some force The Unit
ed States Treasury having given notice
iu cftect that n needed AN Of its supply Of
small currency the local banks are Ohlig-
cd to meet the demand from the interior
almost altogether py shipping gold. This
d. likely 90 acc as check 20 that demand
tor bills are desired rather than gold coin.
There was another advance IN the rate
of exchange to-day. carrying u well
above the gold import point The rate
of discount I'M London and Berlin was
also quotably lower to-day. Both Of these
quotations reflect a subsistence Of appre-
hcnsion as 20 the likelihood OF any strn-
gcncy.
The bond market showed weakness ear
ly iu tho day, and there was later reCOV-
cries in some cases, making the net
changes mixed Total sales. Sl1O0OpJ.
United States old as declined = per cent.
10 Tho bid price. While other issues were
unchanged. There was sale of the new
3 coupon at 1885,. which is "a above the
bid price and the last sale.
Tho total sales Of stocks to-day were
7Goo shares including &. y. and O..
1855. Rock Island, .. 30. ST. Paul, 1910.
Mon Pacific pfd. 5gf2. American TObac-
GO, 1920, Sugar 505l0.
Tho Evening Posts London financial
ClnIcgram To-day's markets generally
were better an upward movement being
led hy cOnsols and similar stocks on the
large arrivals Of gold. Spanish and
American securities were comparatively
neglected, but Canadian Pacific and
Grand Trunks have been bought on ru-
NOR of a speedy end Of the rate war.
Americans closed firm. Spain is said 10
nn buying silver I'm London. but 1 cannot
confirm DO. The Paris market was steady.
hut ~ i4 believed here that the steadiucss
ie deceptive and due 90 tho French nnan-
ceers making desperate Efforts TO face
The severe losses entailed by the fall Of
Spanish stock The Berlin market was
dIN on gold exports and Spanish ex-
change was quite nominal
MONEY AND EXCHANGE.-Mone on
call steady. 2u2l4 per cent; last loan. >
per cent Prime mercantile paper. Ga7
per cent Sterling exchange. hrIl with
actual business iu bankers bills AT S4&
~ for demand. and at SOHt04St FOR
sixty days Posted rates 4S1IaH4S2. As
40 NJ. commercial bills, 4.S5it. Silver GER
utcatcs JGA dj7. Bar silver. j6k MeXi-
cam dollars. 45,. Government bonds. H.
regular, State bonds, duh; Railroad bonds
IrIt guldr.