Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-04-15
MARKET FIRM.
THIS DUE TO PROFESSIONAL BUY
ING OF SECURITIES.
PRICES FALL IN LAST HOUR.
This on Report That Spanish Minis
ter WAS Preparing to Lenve WASH
iuptou-Nny wheat Closes at Ill
Provisions LOwer
Provisions Lower.

NEW YORK. April 1L-There was pro-
fessional buying of stocks to-day. which
saye the market n firm tone all day.
The extreme advance from the low lever
AT the opening was a point or over in
most N the leading stocks. but the net
gains are less than a point, except in
a few cases. The bull movement Is based
on the argument that a protracted delay
i'm the Senate over the Intervention reso-
luton is likely. and that If the enatc
resolution is adopted there will be fur
ther delay in the conference. A large
part of the days activity was centered
in Sugar. the Changers. and Union Pa
ciiic preferred.
Prices fell from the highest in the
last hour. on the report that the Spanish
Minister was preparing TO leave WASH
ington.
Tobacco n%uctuated violently. but adj
yanced at one time 9 points.
CALL MONEY > PER CENT.
Rates f5r call money eascd of to ,
per cent. this afternoon. and only s'7D,ovo
Of gold was engaged for import. The de
mand for cash by interior banks, to
strengthen theig reserves against the
contingency of war. continues undated.
and the supply Of lcgal-t'nders has be-
come 50 depleted that New York banks
are likely to offer gold to supply the
interior demand. if it shall continue.
Business in the bond market was con-
fined to a few speculative issues. ana
prices show net declines. There was d
sale Of about Il block of 10000 Of Union
Pacific - ut 80. the low point. Total
sales. H.215.GJ1.
United states seconds and the old Is
coupon. declined Is. and the new Is,
registered. -. and the old tours. IL per
cent. each. in the bid price.
The total sales of stocks were 2jj.lO0
shares. including Chicago. Burlington and
Quincy. PHI; Louisville and Nashville.
S42j: Manhattan. G.@j; Metropolitan
Street Railway. 1905; Northern Pacihc
preferred. s.5S7; Rock Island, G0si: st.
paul ~ .75j: Union Pacific preferred. Y.Sij;
American Tobacco. 50.4G1; Sugar. j1.15j.
MONEY AND EXCHANGE.
Money ON call firm at rat per cent. ;
last loan at , per cent; prime mercantile
paper. II per cent.
sterling exchange easier. with actual
business I'm bankers bills at $l& l-in
SiS3 - for demand. and $L93-idFiS Tor
sixty days: posted rates, $3.50 l-2a$l.Sl
and siS4d$LSi1- -; commercial bills. |i.'9d
$i.79 u.
silver certificates. 56ftj5 81; bar silver
Sc: Mexican dollars dull.
Government bonds weak. State Dohds
duh. Railroad bonds weak.
STOCKS IN LONDON.
The Evening Posts London financial
cabI.gram says: The stock markets here
,pened Nat to-day. on the war news from
the United States. Spanish Tours at on.
| time fell TO 421-i. New York was sdId
10 have opened large engagements for
the putting Of stock. on which a large
nroGt has already been shown. Ameri-
cans were heavy at the opening. but Ne"
York absorbed stocks freely through the
,rbitrage dealers. subsequently prices
closed above the worst.
After a few hours in the street ther'
vas a sharp recovery in Spanish - t'
at Americans were also better. Ever
if war ultimately results. many mere be
Iieve that the date of tho declaration Il
some way off.
An foreign stocks were HAT on heaVN
selling from PARIS.
M London money market stahos very
firm at 3 IS per cent.
Nrw YORK STOCK QUOTATIONS.