The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-04-15
IN Wall Street.

Il w ihil
New York, April 14.-There was profess
sional buying of stocks today which gave
the market firm tone all day. The extreme
advance from the low level of the opening
was a point over in most of the leading
stocks, but the net gains are less than d
point, except In few cases. The profess
sional buying was more or less influenced
by the very ostentatiousness of the bull side
by large and daring operator in public
utterances and by distribution of buying
orders. The following thus invited was in
suf11cfent to insure any advance in prices In
the narrow market in spite of depressed
sentiment reported from forcing exchanges
The depression was reflected at the opening
here, but was soon overcome by the bull
movement. The bears seemed to be very
active on London exchange, especially in
Spanish tours, and the fact that they were
forced to cover helped the bulls in New
York in the latter dealings The bull move
ment is based on the argument that the
protracted delay of the senate over the in
prevention resolution, and it is likely there
Will be further delay in conferences. The
president is said to have expressed his pref
erence for the house resolutions and the
bulls expressed the belief that If the sem
ate resolution was sent to him 1t would not
hav his approval. Delay, to the minds of
the bulls, means additional chance for a
peaceful settlement
one of the possible plans of settlement
suggested by the bull paryt was the sale
of the island of Cuba after the meeting of
the Spanish cortes. A large part of the
days activity was conferred in sugar, the
grangers and Union Pacific preferred.
Prices fell from the highest in the last
hour the report that the Spanish min
lister was to leave Washington. Tobacco
fiuctuated violently, but advanced at one
time points. The keen borrowing made
for the stock indicated acute distress on
f1n ~ of ha Chn INST hon ha
movement was designed. Rates for call
money eased off to per cent. this after
noon, and only $550,000 gold was engaged
for import. The pressure for gold is be-
ing shifted from London to the continent.
The demand for cash by interior banks
to strengthen their reserves in case of
war continues.
Business in the bond market was confin-
ed to q few speculative issues, and prices
show net declines. Total sales, $1275,0OO.
United States Is and the old As coupon
declined 1, the old As registered and the
new 41As and the 5As each In the DID
prices.
Money on call firm at 294 per cent; last
loan, 2 per cent
Prime mercantile paper. 5h per cent.
New York, April 14-Total sales of stocks
today, 255, 100 shares, including BILL Bur
lington S435 Louisville & Nashville, 1888
Manhattan, 1850 Metropolitan, 4,OSl New
York Central, 1851 Northern Pacific prefer
red, 6,OS1 Rock Island, 2S,755 st. Paul; "a, SAB
Union Pacific, o,467 Tobacco, $3.50 Peoyle's
Gas, 57,735 Sugar.
Sterling exchange easier, with actual bus
mess in bankers bills at $4.S3AG4S3h for
demand and at $479AG4.S0 for sixty days.
Posted rates, $480h@4.a and $4.84Q4S4h.
Commercial bills, $4799479h.
Silver certificates. 56@56%.
Bar silver, SO.
Mexican dollars, dull.
Government bonds, weak.
State bonds, dull.
Railroad bonds, weak.