The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1898-03-01
Etmanctal,



New York, Feb. 2S.-To-d days stock
market was strong, but the activity
was largely centered in the leading
stocks such as. Sugar, the grangers,
Union Pacific preferred and a few
Others The most notable strength was
also shown by these stocks. The total
sales showed considerable falling off
from the recent average and the mar
ket lacked breadth, business being
poorly distributed. London was a SELL
er of stocks here to-day for the first
time in considerable period. The
local market was as little affected by
this movement as 1t was by London's
persistent buying during the recent de-
clnes, of a temporary heaviness at the
opening be excepted. The fall in inter-
national stocks in the early dealings
was sharp but was for only a brief
time. Added to the days net gains
the early weakness makes the range of
prices In the stocks affected very con-
| siderable. Apprehension over the Gu
ban question seemed to be In allegiance
and the course of the market was con-
tinually upward after the opening with
| the. exception of a slight reaction after
noon and some yielding from the high
est near the close on profit taking The
noon reaction was attributed to disap-
pointment because the supreme court
refrained from handing down it's de-
cislon In the Nebraska maximum
| freight rate case. The sentiments of
London and New York on the Cuban
| question seemed to be completely re-
1 versed, for the recent disposition in
London to look confidently for a peace
| full solution gave way to depression to-
| day, the decline in Spanish tours both
IN London and Paris being particularly
| significant. In London it was "a and
| IN Paris 1882. But 1t is none the less
1 highly significant that the simultaneous
l decline in stock prices in London and
the rise in New York were accompan-
| led by stiffening of money rates in
London and notably easier tone in
! New York. Call loans were made as
low as IL per cent. here to-day, pre-
| sumable in response to the gold ship
1
nounced to-day Sterling exchange
failed to be stiffened by the gold move
| ment and demand bills fell to 484,
| posted rates for long and short being
| marked down an additional half cent.
Considerable additional shipments of
gold are, under the circumstances, ex-
pected later in the week. There Is
| talk also that efforts will be made to
| have the remaining government depos-
| its of the Union Pacific money left in
/ New York banks for the present, all
| though notice had been given of the in
| tention to withdraw them in 10 per
! cent weekly instruments. The amount
| of these deposits still remaining in the
| New York banks Is estimated at about
4 $15,00o,000. The average debit balance
Of the sub-treasury at the clearing
house shows constantly diminishing
tendency and to-day's statement shows
a small credit balance, due to the fact
that the governments obligations for
the last few days of February are very
small. The replenishmert of the
money market by government de-
felt is less heavier than was the case
q few weeks ago. The days net gains
in active stocks range up to per cent
and in few cases over that, Sugar
having gained points.
The bond market was not active to.
day and showed early depression, but
recovered in sympathy with the
strength in stocks. Total sales, 81, 4O0,.
600.
United States new tours regular de.
clined X, the coupon ss and the ole
fours and the flves u per cent. bid.
Following are the closing prices re.
ported by Prince g. Whitley, bankers
and Brokers. As Broadway, New York
and Is Center street. New Haven.
Bid. Asked
Adams Express 20 .112 116