The times. [volume] (Richmond, Va.) 1890-1903, 1898-05-06
A DOLLAR FIFTY
+, PRICE OF WHEAT
An Advance Since Wednesday OF
Twenty Cents,
MOST REMARKABLE IN YEARS.
Operators All Turn Bulls on the Stock
ngc-Hcavy Outside Buying
at Market Priccs-The Cotton
and Dry Goods Market.

NEW YORK. May j-Profcssional ope-
rators an turned bulls to-day after "a brief
period of doubt and hcsitdncy after me
opening. As matter OF fact, they were
forced into this position by the unmis-
taxable temper Of the outside public, man
iicstcd hy to-days desire TO come lnto
the market aud buy stocks IN large DlOcks
at the market price. The market was run
az outside buying orders. and business
was on "a large scale. but had very
heavy burden Of proht-taking sales 10
carry and the smah opening gains were
iu large part wiped out during inc hIsl
hour. The reaction here failed 10 impair
the confidence in London. where Afnell-
cans continued very active and strong.
Buying for arbitragc account was also
ON very large scale in all the lnterna-
Nonal stocks. and turned the scale 10 lHe
bull side. The large number Of small lots
of standard dividends paying STOCKS was
also 90 conspicuous feature OF the trad
iug auCmcnting tho confidence OF the M
vcsting public. and the greater ease IN lhe
money market. where the rates are hU
longer $50 inviting for the employment OF
ready cash. Sugar was furlousiy uc'lNe
uud very volatile AN day, covering an eN-
frcmc rango OF 4i3 points, ana gaming
8ss points not The large majority OF
stocks traded 500 are al least point
higher and net gains range from tnat
llp 90 % points There was no special &c
Neiopmcnt iu tho situation 20 account Tor
the huOyaucy OF the market beYohd the
general conviction that spain capacll3
TO carry ON the war is nearly exhausted,
and chat the danger of any serious I'M
pairmeut of this cOuutry's prosperity 10y
reason OF the struggle ls ABOUT PASSED..
The bond market shared the ACTIVITY
and strength of tho stock market, ah9
shows higher prices AN around. Total
-alce. g. $4,000 United states new 4 $,
registered advanced p. do. coupon = In
the bid price. Others were unchanged.
The total sales Of stock were JlJ6"
shares. including Atchison preferred. il
40. Louisville and Nashville. l'.N-O'
Manhattan Elevated 2225o. metropolitan
Traction $3.50. Hawaiian Commercial
COMPANY. 500. Northern Pacific. 9N4o'
s-or,bern Pacific preferred. $3.50; Chi
.4ro Northwestern. 1900. do. preferred,
Ef4C. Rock Island. 1920; ST. Paul, 40
Sl0. Peoples Gas. 93jl; Peoples Gas
40
Tho Evening Posts London financial
o4bIceram saws: The stock markets mere
ououod duh to-day ON Lord SALISBURY
speech but closed better. except consoiS
enc rise I'm money. Americans were good.
closing at tho best. They opened above
tho New York parity. and that aI ~.
responded 10 the rise mere. spanish ~
change was nominal az the lowest on
record. THE insurance premium on STOCKS
o. TI0vds ON the possibilities OF war ne
fu.cfr France and England has risen 10
ten cuIuc8s. but 1T is mere betting
MONEY AND EXCHANGE.-Moncy on
cali Grm al 9fG3 per cent: last loan AT
oi per cent: prime mercantile paper
Ga7 per cent. Sterling exchange easier.
with actual business I'm bankers DIS al
4Si44Sp. FOR demand and at 4So%a4S1 for
sixty DAYS. posted rates Sll.' - ana
4Ss14S5i.. commercial bills. 4S0ie SILVER
psrufcstcs 5G057; bar silver. 'b.si Mex
..- s,usrs A. Government bonds
st-ora. state bonds dull: railroad bonds
strong