New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-21
TRIFIING CHANGES IN STOCKS.
LARGEST TRANSACTIONS N sUGAR-oovERN

Tho ,.o~k marke, declined yesterday morning
following serious breaks IN Government securttic1
In the foreign markets tho most noteworthy being
the fall OF Spanish fours. 2il per cent N London
and q. per cent in Paris. Sles In this market by
foreign houses heavy. forming ono or tho
PRINCIPAL influences Of the dcprcssl0 OF values.
which amounted 20 from 10 ~ por cen, IN many
OF the issues In tho afternoon. however. on re-
ports that tho Pre-iderts ultimatum would not ex-
pire before the end Of this week. and that Spain
had 'ked extension Of time within which 10 ro-
turn her answer an advance 50; IN and tho shorts
began covering contracts. the general idea being
that in eoms way or other war might yet be
averted The recovery continued until within a
half-honr before the close tho market thereafter
relapsing into dizziness. but tho final quotations
showed complete recoyeries In most OF tho stocks
andtrio.rg changes. as compared with Tuesday 5
close. Tho largest transactions were In Sugar. OF
which there were sold 4s.Si5 shares tho close show
ing A net gain Of >. per cent or Tobacco 2'.Hf
shares changed hands. the net decline being ~
per cent: Burng on. 292.7 shares. gain IA. North
ern Pacific preferred Ii.7s5 shares. loss Is: ST.
Paul $3.50 shares. no net change: Union Pacific
preferred. 25.l97 shares; net advance u per cent
Call morey ~ per cent.
The GoVernm mt bond market closed firm. tho
fours coupon OF 1925 at 1ls'. bid. advance OF ~
per cent and the fours registered OF 1925 at III 3D.
an advance OF one-half per cent Tho recent de-
cline Il is said by bond authorities. has been due
\
near future The new tours coupon and registered
bonds the prevailing prices. are now practically
on a 8 per cent basis. and II was remarked ycster
day that they would be NOR" desirable invest
mcnt than per cent $40 bords OF new loan at
par as they would have longer TO run. Neverthe
less the banker making this suggestion added that
the new bonds the people through the ostoficcs
and the banks would do their part IN absorbing the
rest OF the loan par. either rcseling the bonds
or dcposting them az Washington ana taking OUT
eued during the civil War for keeping up tho vol
ume OF currency necessary to supply the country 5
requirements. - .,.
fhoritv TO issue only 10000 900 In bonds for the
present The bonds would be per cents, redeem
years. payable in twenty years IN coin. and would
be placed on sale I'm all postal moncyoricr offices.
The Sub-Treasury yesterday received from the de-
postory banks the OF $5i5.lO on account or the
and final instalment 10 be paid under the call Issued
by the Treasury Department about two weeks
ago the sum OF t3.35.o)O I'm all having been PAD In.
leaving with the special repositories balances asgre
eating between 100000 and 81 100000.
The only transfer OF currency by tho Sub-Treas
ury Yesterday 10000 for Philadelphia. against
which n corresponding sum In gold was deposited
with the Sub-Treasury. - - A.
The only engagement OF gold for import by
Barring Magoun Co. who engaged z2ooW:
London dispatch said that the Bank or England had
for shipment to Montreal Besides the scarcity OF
gold in the open market abroad II Is said II is dlf
ncult to arrange for shipments promptly on the pur-
chase Of gold, as so many OF inc vessels OF inc
transatlantic lines have been turned over to th3
United States or Spain for use as warships.
There is a decided scarcity Of currency among the
banks OF the city Indication being the fact that
for some time they have been paying their Clear
ing House balances in gold In the first half Of
April too It Is said 81 per cent OF the customs du-
ties at this port have been paid IN gold