The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-03-29

cecil ! per cent. in the leading inter
national favoriteS. The spccialtics gain
Cd from IL to / points, with the maxi
ih0tn Improvements in Third .Aveuuc.
l NJ trading WAS IN an enormous scale
lof q Saturday. the dealings for the short
session exceeding recent full days totals
The week just ended witnessed a Wig
ofouS resumption Of bear aggression ov-
ih- - the development Of various intiu-
chtill factors which were utilized to
tliclr Jules extent by the advocate, OF
lower values. That their efforts were
~Sl-nally successful can h best Illus
tratci iy I resume Of the final prices If
Il week ago. the comparison rcieCtin.
losses in the dividend paving stocks Of
from y. 10 q points, and the >IteciaItic~
suffering 10 the extent Of from q 10 II.
he Cuban question continued the over
Swallowing feature and the various
phases OF the situation a> Indicated by
tho tender Of Washington :IdviccS FUR
nl>ncd the lever to alternately advance
and depre>s prices. This condition Of
affairs was augmented by the outtrou-
ping Of numerous other considerations.
which also eNcrtcd 4 marked hearing
on the financial and commercial >itua-
ton. The market throughout WAS high
- fcycrish. and the ready response Ia
the slightest efforts III favor Of either
account afforded some of the active in
tercSts an opportunity 10 make frequent
turns.
The attitude Of foreign operators was
regarded with considerable interest. and
quotations from London from day 10
day were eagerly scanned aS indica
tive of sentiment III the leading foreign
financial centres. Tho great bulk Of The
arhltTagc operations favored the short
account. but evidences that the foreign
operators were disposed to accumulate
moderate lines on various levels >tcadiCd
the market and stimulated covering.
The bears tested the market frequently.
and where evidence Of support was lack
ing Il stock was vigorously assaulted. Tho
grave aspect of the European situation.
winch ave promise of serious cOmpll-
cations. and the reluctance of the sub
StantlaI interests to bolster the market
until matters assumed Il more cheerful
aspect, intensified the air Of depression,
which ptrmeated the security markets.
The dramatic experimenting i'll the
Senate describing the horrors Of tn,
condition Ill Cuba, and the earnest All
peals for Intervention by the United
States. combined with the announcement
that the Spanish torpedo fleet had left
the Canary islands. en- route for Porte
Rico. made the climax of the mid-weeks
developments. Those considerations
were supplemented by the semi-officia
statement as TO the Maine calamity
which afforded the bears IN %opportuni
ty to make a demonstration against the
market oil Saturdays opening. The sub
segment dealings showed firmneSs. owing
to the concentrated support accorded tie
list by powerful interests. The unfa-
y0rahle factors enumerated outwci@hCd
of railroad statements. favorable none
tary outlook. encouraging trade adviccs
and the gold influx which now aggrc-
gates S3l 200, 600.
The bond market suffered III common
with the stock market. but the conceS-
SionS were less pronounced and business
WAS largely curtailed.
Government bonds also exhibited eN-
trcmc weakness with the losses extending
TO / points III the new tours.
The total sales of stocks today were
lington and Chicago, \ omaoz III
lington and Quincy. 22.93o; Louisville
and Nashville, G.J15: Manhattan l..
14.G!N; Metropolitan Traction. G,610
New York. 300; Northern Pacific, pre-
fcrrcd. 6.1SO; Rock Island. Is, $50: ST
Paul, 3t.SJ9; Union Pacific, preferred.
6,l2O: American Tobacco. 600; PEG
pies Gas, G,O3J; Sugar, G9,61J.