New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-26

In Wall Street for several days there was not
only no further loss in stock values, but, on the
contrary there was substantial improvement.
The rally in stock prices due TO the announce
ment that large shipments OF gold would be made
from Europe to New-York by vessels sailing to-day
The shirments In detail and the consignees are:
I, Won Hoffman, & Co..................... $4,000
Heldelbach. Ickelhemer & Co............... 7gV,
National City goun
Kuhn. Loeb e ZoVV
IOtdl 'S-'@'''Y
All OF this gold comes from London except the
lot consigned to Hoidebach. Ickelheimer & co.
and part Of the lot consigned to l.. Won Hoffman,
G. Co. There is in addition. 500 90 In French gold
on the way from Paris TO Muller Schall & co.
This gold is IN transit 10 Cuba.
The exchange market has reached point where
gold can be imported profltably and present ship
ments will doubtless be Immediately followed by
others Gables are As bid for next week against
gold and short bills iSiIa Paris is, in fact.
the cheapest market for gold at present. and large
consisnments for that centre looked for.
James Stillman. president OF the National city
Bank. made the following statement: The bal
OF international trade has been very heavily
In the favor of the United States for many months,
and had IT been for the amount OF sterling re-
tanned on this side Of the water great deal OF
gold would have been brought to America from
Europe. The retention OF this sterling has meant
a practical lending OF money 20 Europe WITHIN
the last ten days the balance in favor of this
country has been increased still further by the
constant buying Of our securities in this market
on orders from London. These purchases must
be paid for. and 1t is 10 pay for them the GOLD I'M
portations arc now being arranged. How much
more gold may come here at this time depends
upon the supply OF exchange. II London buys
more OF our stocks the exchange market Will con-
tinue weak and result in the further shipment or
gold here. The attitude Of London Is very Sratli!
shows confidence In this country nesPi..t
the rumors OF q possible rupture with spain II
there was any real fear OF any such possiblity the
tendency OF course would be 10 keep money away
from investmcn here .-,z.
Some OF tho net advances In stocks. comparing
the closing prices with those on IhurSday Wei
American Sugar. Ia; American Tobacco, l2, AiCh
son common. /: Atchison preferred -, brooh,,;;n
Rapid Transit. IA; Burlington ana QUINCY, IS
Canada Southern IL :Consolidated Gas. ~. Genera
iis Metropolitan Street Railway. u; Michigan Cen
trail, /; Missouri Pacific. ~ NeW-fSrk Senrai IL
Norfolk and Western preferred u; Northern facinc
common, rs Northern Pacific preferred; l: NORTH
west ls.: Omaha, 2i2: Pennsylvania Railroad. ia
Peoples Gas. ~; Panhandle common ~; Pan
ferrcd / Rock Island is: southern Railway pros-
ferred, T. Union Pacific odd. ~; Union Pacific
common rs: Union Pacific preferred, Is. INC
gold imports unexpected and the rise IN STOCKS
as n Consequence of them took the bears unawares.
They scrambled to cover their shorts and ran
not so easy to pick UP stocks as 1t had been
10 sell them. The most "warlke" sign in the
market was sales of the Government per cent
bonds Of 1925 at l2+i.; which was decline OF u
at i2sss so that there was decline of AS in eleven