The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-04-24
THE WORLDS MARKETS
Daily Record of Commercial and
Financial PROCEEDINGS.
NEW YORK STOCK REPORT
Digest ofExchange News-Aining Stocks.
Metal Quotations-wool Prices and
Movements-0rain and Pro-
duco-Review OF Trade.

New York. April 0.-To-day's stock
guage Of brokers. This was dom by lift
ing prices a notch higher. The advance
hesitated at the opening. owing to a re-
actio nary tendency In the London mar
ket following the report that the City Of
Paris had been captured by the Spanish
and the cruiser Topeka SUNK in u colii-
sion.
Wall street was increid:ods as to Ce
capture of the Paris up to the closing Of
the exchange at noon, n the truth OF
the laundering of the Topeka not being
established the market was relieved nom
that cause of depression. On the other
hand. much was made Of the capture OF
another Spanish prize by the cruiser New
York. There were reported active de-
mands for securities in London, but the
buying here for London account was not
large. as prices here ruled above the Lon
don parity.
There were two periods of reacticn but
the publication of the bank statement
caused renewed buying and lifte1 rrtces
to the highest. They were d Ell OF by
renewed apprehension as to the safety of
the Paris, the closing being easy. net
gains throughout the list reaching a point
In some cases. The volume of the dealing
was not large, the Industrial specialties
being favorites in the trading, especially
Sugar and Tobacco. The spirits siocks
were also quite prominent. The genera:
feeling In financial circles is thar the wal
is not likely to be protracted and It is the
conviction that Spain must IIicL..y sue
cumb to superior resources.
A feature of the day was the na.icn-
ing in exchange demand, sterling bills ris-
ing to A.S4. This rate 1t Is expected pre-
cludes further gold imports under present
conditions.
The stock market has felt the reflected
effect of the panic in Spanish As in Eu-
ropean bourses and the resulting forced
liquidation Of American securities, yet the
week closes with a greater part Of the ex-
IRENE losses recovered, net declines not
exceeding two points In any of the prom
inent leading stocks. 1t is noteworthy.
also. that the low prices of the week were
not so low. except in a few cases, as
those on March 25. which marked the
lowest point of the decline after the blow
ing up of the Maine. The exceptions were
in stocks which were favorites with ope-
rators on foreign bourses.
TIL grounds for the confidence and i'm
provement I'm the stock market will be
felt in money conditions. At New York
banks have r~eplenished their reserves
imported gold to meet the drain from
the interior. and the cessation of the drain
easier money cond tions. Call
loans on the stock exchange have, in fact.
fallen to III per cent. during the week. FL
institutions in the United States
have ceased to draw Of their credits
abroad because they feel amply secured
the money needs of war. They
feel prepared to meet a demand for a
loan, which ii Is seen would
be speedily expended again.
The prices of bonds during the week
did not move so widely as expected. either
In the downward movement or in the later
Transactions were small for the
week. Net declines in government bonds
Tor the week In the bid price are "a per
cent. for the new As.