Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-03-16
FINANCE AND TRADE
Prices Of Stocks Take a Turn Upward
Today.
BETTER FEELING REGARDING War
Granger Issues and STANDARD Oil
Properties Take the Lead.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star
NEW YORK, March 16-The course Of
prices was again in the direction of I'M
proVement, the covering of short stocks
ana the buying of Standard Oil specialties
continuing to overcome the natural infiu-
ence OF war gossip. London houses bought
some stocks and foreign sentiment gem
orally reflected Improvement Spanish 4
per cent bonds rose sharply in their home
market. and fears of .lostiiities W re notf-
ceably reduced.
A nall million of gold was engaged in
London for shipment to this side, and all
matters of a routine character were gem
orally favorable 20 prices in all the Euro
rean money centers.
Locally the market was disposed to be
sympathetic as we'll as buoyant at times
from domestic developments of promising
character. The restoration of rates for
example, encouraged a good demand for
Northern Pacific and Union Pacific issues
The buying of these last named securities
was for influential interests and served 10
mold the entire market up above its open
iEg level
The rate cutting campaign upon which
the Canadian Pacific had entered in the
nope OF attracting the klondike business
is now thought to be more less willingly
submitted to disinterested arbitration.
me trans-continental lines are conse-
quently brought back to A position of
equality at least. and upon this fact to-
days purchases Were based
me cemand for investment securities
was fairly good during the morning but at
,he h'sher prices noticea bic falling off in
the volume of business was recorded
racine assurances, credited to significant
administration sources, We're almost con-
SANITY IN circulation during the day but
excepting a few instances the market re
fused to yield only instead Of advancing
under 'heir influence The most that can
he said II such a complex situation is that
TIE IiSks IN both accounts are magnilied by
possible political developments
me same skepticism concerning the req
sons Tor the delay in the report on the
Maine disaster exists, and serves 10 keep
ldie interest predispcsed to buy extensively
Natural conditions are all arrdvel in the
interest OF higher prices, but The fear is.
as wei as the hope unfortun ately, that
prices Will be forced down under the ex-
citoment of official utterances as to the
cause Cor the loss of the battle shin
Few operators rely upon anything more
than a break from this cause however, but
the hope of getting cheaper stock DELAYS
buying On the other hand, strong fnan-
clal interests, conscious of their ability TO
protect holdings now accumulated are NOT
disposed to lose an opportunity for buying
such as might be the case once the worst
was known.
The market is scarcely likely to decline
Tor any conside rable period and from this
view the real merits OF the situation are
disclosed. Anything resulting in lower
prices must come from conditions not en-
tireiy financial. Whatever may be the no.
Iticai crisis, the railroads of the country
are earning money and paying handsome
returns on prevailing quotations.