Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-04-27
STOCKS GO UPW ARD.
THEY MOVE LAZILY, HOWEVER. IN
THAT DIRECTION.
EXCHANGE RATE ADVANCES.
Rate of Discount I'm London and
Berlin Also QuOtnbIy LOwer-Grain
Advances Early, nut Falls BncI,
Somevhat-POrkH Higher.

NEW YORK. April 26-1;he prices of
stocks swung lazily upward to-day, COW
ering about the same range as I'm the
downward course of yesterday. 1t was a
traders market, as was that of yester-
day No operations 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
for London account was quite Il consplcu-
Gus feature, though in itself small.
While there was no reaction of any
note during the day, none Of the promi-
nent stocks made large net gains. y
few less active stocks showed conspicu-
Gus movements. Sugar, Tobacco. and
the Changers made up the bulk of the
| dealings.
The demand from the interior for cur
rency, which had almost ceased last
week. has regained some force, the
United states Treasury having given
notice in effect THAI it needs all of its
supply OF small currency. and the local
from the interior almost altogether by
shipping gold. This is likely TO act as a
check To that demand, for bills are de-
sired rather than gold coin.
RATE OF EXCHANGE.
There was another advance in the rate
Of exchange to-day, carrying it well
above the gold-impOrt point. The rate Of
discount in London and Berlin was also
quotably lower to-day. Both of these
quotations reflect a subsistence of appre-
hension as TO the likelihood of any strin-
gency.
The bond market showed weakness
early in the daJ, but there were later
recovcries i'm some cases, making the net
changes mixed. Total sales. $1,000.
United States old IS declined II per
cent. in the bid price. while other issues
were unchanged. There was a sale of
the new As, coupon, at us IL. which Is
II above the bid price. and the last sale.
The total sales of stocks to-day were
II. 500 shares. including Chicago, Bur
lngton and Quincy. 12si5; Rock Island,
5.23j: ST. Paul. 1910; Union Pacific pre-
ferrcd, 5.9l2; American Tobacco, 1920;
Sugar 5O.jlO.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cablegram says: To-day's markets gem
orally were better an upward movement
being led by consols and similar stocks,
on the large arrivals Of gold. Spanish
and American securities were compare
lively neglected. but Canadian Pacihc
and Grand Trunks have been bought on
rumors Of speedy end Of the rate war.
Americans closed firm.
Spain is said TO be buying silver In
Iondou. but | cannot confirm It,
The Paris market was steady, but 1t Is
believed here that the steadiness is de-
ceptive. and due TO the French linanciers'
making desperate efforts to face the
severe losses entailed by the fall Of Span
ish stock. The Berlin market was dun
on gold exports. and Spanish exchange
was quite nominal.
MONEY AND EXCHANGE.
Money on call steady at 2a2 Il per
cent: last loan az 2 per cent; prime meN
camille paper. sal per cent.
Sterling exchange firm, with acIual
business I'm bankers bills AZ $ia 3-iGA.O
FOR demand. and $3.50 3-4HAd for Sixty
DAYS. posted rates, SLN IL and N'So@
81 ~. commercial bIlls. SiMl
silver certificates. Sc 3-id5I. Bar silver
5G2-g Mexican dollars. - Ii
Government bonds Irregular STATE
bonds dun. Railroad bonds irregular.