The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-17
BETTER FEELING
ON STOCK MARKET
Substantial Net Gains are Shown in
Prices on Change.
LIQUIDATION IN WHEAT MARKET
Follows Favorable Wcather--Corn and
oats Also Suficr--Dry Goods
Market Irrcgular--Rich-
mOnd Stocks

NEW YORK. March 1G.-The early
strength iu t0-days stock market was a
repetition of yesterday movement, but
iuces resisted The late pressure for de-
t1ne. aud as consequence show sub
stSntial net gains all through the list.
u' bulls had the advantage also OF
higher prices ON The London exchange,
ana although prices Immediately rose
huoyautiy above the London parity. there
was conspicuous buying Tor London as
late as business was done. Inc LONDON
buying was certainly due TO a feeilns az
that centre that there ls "a more promising
prospect as 90 affairs between the Jnlted
81 .afes and Spain. This feeling was
shown also in the quite buoyant zone lOr
The Spanish as. which rose ia IN Lon
don and n in Paris. There was undouDt-
cdly "A feeling prevalent I'm New YORK also
also that the outlook was more pedcelui,
and such of the day S developments as
had "a more threatening aspect were ls-
uorod Either the Spanish Government
-cmi-Oncidl announcement OF us ophioh
uu tho movements OF the lnlteu states
0eot in Florida waters or the a1tehuoh
off the United States had been called 10
this opinion by The Spanish Government.
would have been sufficient 10 demoraize
rho market "a week ago. Uut the uhueI-
lying conviction in Wall street IS thal
ia. authorities Am Washington have "A
hone Of peaceful settlement Ihe con-
fuucd prcplrafiOus for defence and such
incidents as those of to-day 90 nol "hoiIy
dIssiuafe this conviction. 1hc nope OF
successful adjustment of the traitic rate
controversy BOO the Northwest was quite
200 important factor in the advance mere
and ion London for Americans. me loc4l
and industrial specialtics led to-days adj
vance bat the graugcrs, nOrthWcsterns
and International stocks Do the railway
Dist were also consplcuously sIons
Heavy additional engagements or gold Tor
import wcro made to-day without ahecl-
Iug fhc SfeadiucsS OF tho exchange market
below the gold import point. Inc toiai
gold shipment from Europe has now
ln This TuONpfnf nj. ana
if shows mo- sign OF Subsidlng, IN spite OF
fhe growing tighness OF money Lon
don and European centres. The accumu-
lated stocks of exchange are supposed 10
have been somewhat reduced. but there
d. undoubtedly large supply stu re-
manning. and the continued heavy OUT
ward movement OF merchandise Is con-
-fanry bringing new bills into the mar
Bot. which are sold against gold imports
ss fast cess they come forward.
Bonds were strong throughout in sym
luthy with stocks. Total sales. 81, S30Opo
United States new as and the IS and the
old as. coupon advanced - bid to-day.
The total sales of stocks were 3iZ.VD
shares. including Atchis0n preferred
5D20. Chicago. Burlington and Quincy
q. 300. Louisville and Nashville, N.S'';
Manhattan. 21.l3l. metropolitan street
railway. 10 33O: Northern Pacific, 1870;
du. preferred. "a 900. Rock Island, l3,'lNni
So Paul. 40GS0. American Tobacco. 32,-
ia4 Peoples Gas, S.Go5; Sugar 5i.Gl6.
The Evening Posts London financial
cahlecram says. There was general
Improvement iu the stock markets here
to-day. mainly due 90 the bears scram-
bling Boo. There was lille fresh buying
THE feature was the sharp rise i'm Spanish
f~ American and Canadian stocks, Amer
loan being benefited by the impression
fhaf Spain and the United states would
do their utmost 10 settle matters ON diplO-
matte lines. The market was favorablv
affected hy "a hopeful Wow Of speedy
fcrlnina ION of the Canadian Pacific rate
war The close was "a trifle under the
best except for Canadians and Grand
Trunks which were booming I'm the street
af top prices Mines Joined In the general
rally and am foreigners and South Amer
iran stocks were better. being led by
rise of 2 boo Spanish as on the official
announcement that the April coupon
would Doe paid. Gold is still much wanted
f0r New York. but % is believed I'm good
quarters that 40 the political situation
improves the demand for gold may cease.
There was am eastr tone I'm to-day
money market. due Co the report that the
Government viii pay upward Of $4,000
treasury bills.
MONEY AND ENCHANGE.-Moncy on
nu steady at 1i4U2i, per cent; last loan
o. per cent. prime mercantile paper,
tI.nIlr per cent. Sterling exchange
steady with actual business i'm bankers
Mills at 4N3iN4S3'- for demand and at
f~nit for sixty days. posted rates. 4hliaU
~3 and 4siinlNjis, commercial bills. 4s94
u4SHt. Silver certificates. 5JUJl8t. bar
I'd. Hon