The daily morning journal and courier., 1898-04-16
Etmamctal.
The Stock Market--Smali Gains Predomi-
 nate at the Close.

The Stock Market--smaii Gains Predomi-
 nate at the Close.
 New York, April 15.--Professional
 traders bought stocks this morning,
 causing an advance in prices of point or over in the speculative favorites,
 but most of these takings were sold
 again before the expiration of the days
 session, carrying prices back over their own course and leaving net changes in
 almost all cases insignificant. but with
 small gains predominating. The party in the exchange which espoused the bull side yesterday found cause for en- couragement in the advance in the price of Americana on the London ex- change this morning. Other European bourses also showed a firm tendency for Americans and Spanish fours ral- lied from an early depression before the opening of trading here. The cause of this strength was a rumor that the powers had intervened between the United States and Spain and that the Cuban insurgents had agreed to an ar- mistice. This rumor seemed to have great force in foreign circles and ef- fected a sympathetic rise here at the opening, which was assisted by the pro- fessional manipulation. Reports from London indicate that there has been an extensive dealing in options on Ameri- cans in that market and to-day de- mand was in large part from the sell CTS of these options for the purpose of covering their contracts. Whatever credence attached to the intervention theory abroad, it was not deemed im- portant in this country and the buying
 movement was quickly exhausted. The
 midday period of intense dullness and sagging prices gave way to a more active selling movement in the final hour on belief that the senate would take action before adj0urning. The definite information from London that Great Britain would refuse to join in a naval demonstration in behalf of Spain and that the Austrian ambassa dor openly avowed that he had given up hope of Europe preventing war was not received in Wall street until after the close Neither was the news that the regular army had been ordered to the seaboard. Dealings were on a small scale and the wide movement of prices indicated small floating sup ply of stocks, holders maintaining their waiting attitude. A feature of the day was the reaction of 45s points ex- dividend in Tobacco, the corner against the bears having been closed out An- other was the active demand for Union
 Pacific, Denver and Gulf, which rose at one time point on the belief that the pending reorganization will not
 bear heavily on the stock. The money
 market continued firm to-day and the demand from the interior continued
 unabated As was foreshadowed in these despatches last night the supply of currency has become so scarce that some of the city banks are shipping gold in response to the interior demand
 Further engagements of nearly $1,500.-
 900 in gold for import were made to- day, notwithstanding the hardness of the London market and the disinclina- tion of Paris or Berlin to supply gold Paris exchange on London as a result jumped IF centimes to 25 francs 36 centimes, an advance of centimes over week ago.
 The bond market was dull and about steady. Rock Island extension lives were largely dealt in, three separate