The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-03-17
THAT SCARED FEELING
Is Disappearing From the
Stock Exchange
SPANISH F0URS RISING
Besides, the Street is Skep-
teal of War, Anyhow,

New York, March 16-The early strength
in today's stock market was repetition
OF yesterdays movement, but prices re-
sisted the late pressure for decline,
and as a consequence show substantial
net gains all through the list. The bulls
had the advantage also of higher prices
on the London exchange and although
prices Immediately rose buoyantly above
the London parity, there was cOnspicu-
Gus buying for London as late as business
was done in the British capital. The Lon
don buying was certainly due to feeling
at that center that there is more prom
Using prospect as to affairs between the
United States and Spain. This feeling
was shown also in a quite buoyart tone
for the Spanish fours, which rose ~ per
cent in London and Il per cent in Paris
There was undoubtedly prevalent in New
York also a feeling that the outlook was
more peaceful, and such of the days de-
velopments as had a more threatening as
poet were ignored. Either the Spanish
governments simi-official announcement
of It's opinion on the maintenance by the
United States OF the fleet in Florida wa
tiers or the news that official attention
had been called to this opinion by ,he
Spanish government would have been suf-
ficient to demoraliZe the market a week
ago. But the underlying conviction In
Wall street is that the authorities at
Washington have come to indulge hope
of a peaceful settlement. The continued
pirera1ations for defense and such Incl
dents as those Of today do not wholly dis
s.pate this conviction. Nevertheless, op-
erations are not on a large scale, pending
definite decision Of the Cuban prof.
lem. The supply of stocks was not large
.odav and prices moved easily upwards
without any heavy transactions. A part
of the buying was attributed to large bull
intert SITS, but much of it was also sup
posed 20 be the covering of the short sell
ing winch caused the late decline YeSter-
day. The bears were apparently averse
to rnewing their attempt today, ana the
high level of prices was not seriously i'm
paired. The hope of a successful adjust
rncnt of the traffic rate controversy in the
northwest was quite an important factor
in the advance here and in London for
Americans. The local and industrial spe-
cialties led today's advance, but the gran
gers, northwesterns and international
stocks in the railway list were also con-
spicuously strong.
Heavy additional engagements of gold
for import were made today without at
feeling the steadiness of the exchange
market below the gold import point. The
total gold movement from Europe OF this
movement has now reached $4,000, 000I and
1t shows no sign of subsiding, in spite of
the growing tightnesS of money dnG in
European centers. The accumulated
stocks of exchange are supposed to have
been somewhat reduced, but there is I'M
dcubtedly large supply still remaining.
and the continued heavy outward move
of rnarpha OHiSa iS St9ntlV hTnE-
ing new bills into the market which are
sod against gold imports as fast as they
come forward.
The total sales of stocks today were
277,009 shares.
BONDS.
Bonds were strong throughout in SYM
patty With stocks. Total sales were ST.
$50, CO.
United States new tours, the fves and
the old fclfrs coupon each advanced y
per cent bid today.
FOREIGN STOCK MARKETS.
Madrid, March 1.-THE quotation o.
Spanish tours on the bourse today was
74.S0 against 75,\ the closing price yester-
day.
London, March 1.-THE market for
American securities was better today on
bears covering. The closing tone was
firm and the demand moderate. Spanish
tours closed at 545s. a net gain of Ia over
yesterday.
Paris, March 1.-THE bourse was more
cheerful today and advanced on large COW
ering purchases, owing to more re-assur-
ing reports concerning the relations be-
tween Spain and the United States. Lon
don was a strong buyer. After the clese
OF the bourse Spanish tours advanced
sharply to 55l4, against 50 1916 yesterday,
the bears covering favorably affecting the
whole list
Berlin. March ls-Buslness on the bourse