New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-04-10

THE DAYS OPERATIONS IN STOCKS.

Trading In the stock market was null and pro
fessional. with prices showing irregular changes
a tho close. Early strength was accompanied
10y reports that the Presidents message would
not he sent 30 Congress tomorrow. and ny talk
that a way would be found to s"ttl" the cuban
trouble without declaration 81 war. Wall street
may know more about the outcome or Spanish
American affairs than the public At large. but
i IS more likely that it's belief that war VIII be
avortcd &c due 20 Inference rather than 20 In
formation. Washington. as far As Trustworthy
reports show does not feel confident over
peaceful settlement. and If the Street actually
believes that the foreign Powers VIII b" all"
ia force Spain into granting the demands ~ the
United States II is more optimisti" than GOV
orrrert officials This extreme cheerfulpess In
stock Exchange circles looks somev hat ominous.
Advances AZ the opening Mere not maintained
until the close In tho majority - issues the
early gains We're lost in great part hy late
selling movement based upon disappointing
bank statement which was published A. about
the same time dispatches from Washington
and Madrid Indicating that tho hope ~ prese'V.
ing peace was RAPIDLY vanishing Last prices IN
most stocks we're at the Lowest ~ tho dan With
more net gains than losses. 90 thu total deal
ings four Stoke Sugar Refining. Burlington. -
raul ard Union Pacific preferred. furnished over
one half Tho result Of tho DAYS trading left
tho market unchanged a. far as technical con-
ditions are coucornel An incident of the day
vas an advance h. the Jpuorial Rank - Gor-
many in its discount rafe from . 80 ! per cent.
Tho weekly bank statement ISSUED Yesterday
cayo little reason for the expectation ~ easier
rates in the money market. The movement of
currency 20 the interior was heavy. and dcspi'"
the receipts of gold from abroad there was 2
loss iva cash holdings - S.1Sl 900 as compared
with the preceding W ee<. and a decrease in sur
pins reservo ~ sGe4325 Tho reserve required
agains, deposits was reduced 10y S3.NlS.n1i. o"-
tho ~ q decrease Of over 200 OsI I'm deposits
Loans we're again contracted. the decline from a
veok ago amounting 20 IS. 0G1 900. and making
a total reduction IN the last seven weeks ~
SIS 637 $50 In the same time deposits de-
creased S,iS 6l3 600 Compared with this time
4 wear ago loans arc higher 10y about >N'."".-
Oro and deposits by about SlOi.HNrH. tn"
hanks are restricting their loans. and In tho
week Very little accommodation was extended
ON either commercial paper or STOCK Exchang"
collateral April settlements ha'" been com
pl4ted without difficulty. hut there IS ro disp'-
sition TO make new loans AT present. and II IS
renorted that in some Instances merchants OK
norienced difficulty in negotiating their ordinary
discounts In the foreign exchange market th"r'
&c practically no demand for remittanco. but
heavy pressure Of bills from all quarters Inc
Gales % bills from loans in the week amounted
70 about S-OOOOO0 leaving an Aggregate ~
So 600 600 of exchange still held IN this CITY.
COMPARED with week ago m" chief active
stocks arc higher ae follows