Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-03-30
X SXKS & COMPANY.
. ALL STREET DUPED
THOSE LOVDEsT MONDAY ABOUT
WAR SETTLEMENT No LONGER BID.
PRICES PROMPTLY DROP OFF.
DecIincs of between One and Two
Points in Large Majority or I'M
nortant Stocks-Grain and Pro-
visions Lower.

NEW YORK, March 29.-Wall street
t1oke this morning TO a realization that
d had been duped. Spectators conse-
erentlv wore somewhat rueful aspect,
I'D but that select inner circle, which
t..red the profits from the well-organ-
n.I plan TO precipitate bear panic. 1t
Was very noticeable that those who We're
lldest Yesterday in the proclamation Of
,he settlement alleged to have been ar
rived at between the United States and
Spain were no longer active bidders for
stocks and securities to-day, although
tf.v are credited with having parted
with large holdnSS at the high level
Yesterday. The sanguine expectations or
this element that values would go high
e. in the immediate future having been
CHANGED. and the short interest having
been largely eliminated by yesterday S
tI.eml process, the market was with
out material support, and prices
Iompuy dropped off from about l per
cent? 20 upward of 2 per cent. in the
O.l.ng sales. They did not rise much
above the opening prices, except in a
..w cases at any time during the day.
Iaa list shows net declines of between /
and points in the large majority OF
important stocks.
london was both a buyer and seller
1ra Foreign exchange stiifened sharp
y la response to additional engagements
o. about S35o0O0O I'm gold for import
Bringing the total on the movement to
c,.r Ni0OO00, exclusive OF receipts at
San Francisco.
Rates for money are stihly held.
Th. prices OF bonds moved in sympa-
'ay with stocks. the speculative ISSUES
showing tine sharpest declines. Today
ira sales aggregated S1,575,O0.
United States SIS were 81 higher anu
ue aew as. - higher, bid
Ih. total sales of stocks were 4i2,2OO
Shares including Atchson preferred o.
%" Chicago. Burlington and Quincy, a.
Louisville and Nashville. 1,iS Man
ta''au. 29p3; Metropolitan, a.l32; New
York Central. 1916; Northern Pacihc IL
ao.. preferred. 1889; Rock Island
1881. ST. Paul. ex-dividend, 5000; Union
Pacific preferred. 4O52 Union Pacific
Denver and Gulf, $3.50; American Tobac-
90 Iu9. Peoples Gas, $50; Sugar 49,
MONEY AND EXCHANGE.
Money on call frmer at ] 1-2nS IL per
cont. last loan at per cent; prime mer
NnaIe paper 50G - per cent.
sterling exchange firm, with actnal
business IN bankers bills at A.8 IL for
'.m.ad and $3.50 ga for sixty days; post
a. iafes. Sl9 1-2GSlS2 and $lSi l-2gSiSo;
numerical bills N-ScG$lS0 -.
SILVER certificates s. l-2ujG IL Bar sh-
wy b ~. Mexican dollars, A..
Government bonds strong. State bonus
'-.- Railroad bonds weak.
STOCKS IN LONDON.
Tie Evening Posts London financial
VDleeram says New York advices
'tuscd general recovery IN the STOCK
-aite here to-day. led by Americans
~ Spanish As SIN. on balance, rean- ]
@u,ns prcdominated. and prices nero
'Ie slightly under the New YORK
H'y. and the close was rather duh IN ]
street The rise has immensely re- 1
yea the financial situation, however I
'- lhe settlement to-morroY Is now not |
~,-.ia.ly feared Cold IS IN strong de-
~'nd Tor New York.
NEW YORK STOCK QUOTATIONS.
Closing. |
l'.''l'ee. foDeka apd sanEa ffe.....-..... .l& ,
RAM preferred .........l ........ .s'.'' io'a 4
tsrsooefs ala Oaio. ................- 10
ia1eSa aiD'..... ....... 49,. .-.....' os~s q
ltoirsl +. ~ .nefa ......... 3..s....-...'.'''
Nsu... .'hE. ...........s......'ss''' - 6