The times. [volume] (Richmond, Va.) 1890-1903, 1898-04-22
WALL STREET IS
NOW CONVINCED.
Demonstration That Liquidation is
Not Completed,
MUCH ENTHUSIASM ON 'CHANGE
Provisions, Not Grain. Lead the Van
On Chicago Pedagogical De-
mand for Hog PrOducts-Whcat
was Erratic-Local Markets.

NEW YORK. April oi-To-day's events
apparently convinced the conservative
clement in the stock Exchange that war
IS 20 be fact. and demonstrated that
the liquidation incident 10 war had by no
means been completed. Early Ia the DAY
NcW York held above the London parity,
ana there were occasional rallies, even
after the receipt of tho news that Cen
cral WoOdford had been given his pass
ports but reports from the Cabinet meet
ing 40 Washington. indicating prepard-
lions Tor am animated forward movement
of tho forces of the United states. show
ing that war already practically existed.
caused selling. Tho brokers manifested
considerable enthusiasm, and the roS-
trum was handsomely draped with Amer
lean flags but they continued to sell
stocks. There WAS 40 rally I'm the hnal
dealings. the market continuing active
and weak. closing a. the lowest during
The early part OF the day selling for for
ciEn account was large, and offerings
were we'll absorbed. call loans continued
fo bc made ON Che local stock exchange
90 as low as 2per cent Foreign demand
for cotton and breadstufs continues very
Keen and ls making exchange all the
time. This demand De- based on eNpecta-
ton that supplies may be cut on II war
breaks out Banks all over the country
are well fortified. and even IN the event
chat large Government loan Is TO be
0lattd. DO is pointed ont that little or TINS
money viii he expended abroad. but VIII
rather find It's way quickly back into the
channels of che home market
The bond market showed some increase
activity. and losses were recorded all
around. Total sales. 81 .32jOo United
states new as. registered. advanced 3s'
while the coupons of the same issue de-
.uncl "a boo the bid price. There were
sales ol tho coupon az 11sis which Is an
advance OF D. over the last preceding
sale. but the advance was lost in sub
sruucut sIlcs. 4 block OF lD,OoO or the
registered bonds az ll159. an advance OF
"a over thc last preceding sale.
The total sales or stocks to-day were
$4,000 shares including Chicago, Bur
urctOu and Quincy 81 3Sl. Louisville and
Nashville. 1928: Manhattan Elevated,
1.-il. metropolitan Traction, $40 New
York Central. $3.50. Rock Island. SLID;
Union Pac.nc preferred % go. American
Tobacco. 4D 500. Sugar A.. sOH
The Evening Posts London financial
.hIcgram saws. After a temporary rally
900 Change 600 the Bank OF England dis
count rate Che stock markets here closed
dull to-day Spanish a. closed al The
lowest 3l'. Americans were fiat. but
above the New York parity IL is no.
fIroHhle chat New York is no longer abb
sorhIng stocks freely. Gold is still arr
irving from Germany. and u is expected
fhat at least llOOOOoO more is TO come.
MONEY AND ENCHANGE.-M on
taH steady at 2N2is per cent; last loan
AZ . per cent. prime mercantile paper,
i.a6 per cent Sterling exchange firm,
with actual business I'm bankers bills d
4~.I sn4NTt for demand and at 1874 for
sixty DAYS posted rates 4SOl5Q4Si and
4Sf0fSHl. commercial bills. 479. Silver
certificates. Jl46li2. bar silver. 90; MeXl-
cam dollars. asa. Government bonds
weak state bonds duh, railroad bonds
weak