The times. [volume] (Richmond, Va.) 1890-1903, 1898-05-18
PRICE OF STOCKS
MOVES UPWARD.
As tie Result Of a Scheme Of Pro-
fessional Operators,
SHARP ADVANCE IN LONDON,
American Securities Score a Fraction
All Around-RatcS OF Money Go
Down ConsiderabIy-Bond Mar
ketQuict and Prices Higher.

NEW YORK. May 17.-To-day's ad-
vances IN the prices Of stocks was inc
result Of a movement among professional
operators 20 renew the upward course
OF prices. The days trading started on
with the advantage OF an Improvement
On London where prices Of American Sc
eurltics were advanced a sharp traction
all around There was also some BUY
Ing for London at the opening here, Dut
London later on turned seller, and prices
had a rise. There are a number OF stocks
which enjoy the special support or irlenus
and inside interests. and these impaired
nrmncss By sympathy to the rest OF the
market There was no evidence or any
large outside interest. and any slackenlng
OF the professional demand prccipltatcd
dulmcss. The absence OF outside demand
was indicated clearly also by the way IN
which prices zen away In the realizlns
movement in tho final hour Inc cay
extreme advances were curtNled from
"a 20 g by this movement, but net au-
vances OF between / and = per cent. LOT
ON the principal stocks still remained.
The rates for time money went lower 10
rcr cent. Tor sixty days. 49, per cent.
for ninety davs. and per cent for four
months. Tho abundant supply or money
On tho country and q prospect OF trdue
balance for a year IN our taNor OF Over
$500 100000 are taken much account on
by those who study the speculative out
The bond marke, was quiet hut prices
arc higher AN around. Total sales 1860
nOo United States new As fell - ana
Abe So "A in the bid price. There was a
saio Of The new As az an advance or
So, over the last sale which was several
me Total sales Of stocks were 43s 900
share. including Atchison pfd.. 1920;
burlington 2TT7O: Louisville and Nash
Vile n SO. Manhattan Elevated, 1l2lJ;
Missouri Pacific. 6 $50. Northern Pacihc
preferred. 1850: Rock Island. 32.9i3; 81.
Paul b. TfJ. Union Pacific preferred. IL
0Ie. American Tobacco. 1881: Peoples
Gas 622O. Sugar. i4.0i6. United states
Leather preferred. J6,6I3, United States
Rubber pfd, J'Jlt.
The Evening Posts London financial
ralIerrHm saws. The stock markets here
opened a trife better to-day in the alb
seuce az further disqmeuug speeches
h.t closed dun. except for Americans
where the pressure TO sell has ahated,
ana which closed good on New YORK
support. The New York power Of ABSORB
zion excitos surprise. 10 is believed yes
torday's sale 20 brokers' there was as
much as 40 900 shares. The ease I'm money
i- duo TO release of more japanese money
and the operation of the Bank OF Eng
lands policy in making free OF interest
rcpayahic in gold bullion
MONEY AND NEUTRALITY-SUSPICIOUS. on
call steady at 1lxd2 per cent; last loan
~ per cent; prime mercantile paper
SHfi, per cent. Sterling exchange dull,
with actual business in bankers bills al
<S5q4s5a, for demand. and az 4S2An4s3
for sixty days. posted rates. 4S3i244S6!2
and 81. commercial bills. 4Sll2n4S2. Sill
vcr certificates. 51aHjf@t; Mexican dol
lars 4J045i4 Government bonds strong.
State bond dull; railroad bonds weak.