The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-30
WALL STREET
HAD BEEN DUPED,
~e Bulls Were No Longer Active
Bidders Yesterday.
MARKED WEAKNESS IN GRAIN.
Wheat Closed With n Net Decline OF
One Cent for May and Two Cents
for JuIy-Corn, oats and Provis-
ions Lose Ground.
MARKED WEAKNESS IN GRAIN,

NEW YORK. March Oval street
nWokc this morning TO a realization thdt
81 had been duped. Spectators couse-
Qucntlv wore a somewhat Tueiul aspect
an but that select inner circle. which
Ieapcd the profits from The well organ
tied plan TO preclpitate "a bear panic. ~
was very noticeable that those VINO WeIe
ioudcst yesterday boz the p~roclamatloh OF
The settlement alleged 90 have been ar
ranged between the United states ana
Spain were no longer active bidders lot
stocks and securities to-day, alihouEH
they are credited with having parted WIN
large holdings at the high level yesterday.
The s4uguluc expectations or TINS ere
mcnt that values would 30 higher IN the
immediate future having been changed,
and the short interest having been largeIy
eliminated 10y yesterday $ tOINelul piD,
cess. the market was without material
support. and prices promptly dropptu on
from about I per cent. 20 upward or :
per cent. in the opening sales. Ihey dlu
NOT rise much above the opening prlc'a,
except in 70 few cases az % time during
the day. The list shows net declines OF
between I and - points in the large ma
lOrity of important stocks LONDON was
both "a buyer and seller here. Foreign
exchange etiTcucd sharply I'm response 10
additional cnpaccmcnts Of about $500
uup gold for import. bringing the total on
thc movement to over s3ic0oOpo, cXclu-
sivo OF receipts az san Francisco. Rates
for money are stinly held.
Prices of bonds moved In sympathy
with stocks. the speculative issues show
ing the sharpcst declines. To-day sales,
81 s75 OOu. United States as were "A
higher and the new As ~ higher bio
Tnc total sales OF stocks were Az -
shares. including Atchison preferred.
5.og0. Chicago. burlington and quincy,
49, 12O. Louisville and Nashville, Hiss,
Manhattan. 2gos3. Metropolitan. 3l.l32;
Ncw York Central. 594G Northern Pa
rinr. ~ go. do. preferred, l".3SH. ROCK
Island. 1851. 81. Paul. cX-dividend. DO
nq0. Union Pacific preferred. 4O.5S2. Union,
Pacific. Denver and Gulf. $3.50. American
Tobacco. 111o. Peoples Gas. $50; Sugar
1fN9fo
The Evening Post london financial
GlfOrram says. New York adVices
caused % general recovery in tho stock
markets here to-day. led by Americans
and Spanish is. Still. ON balance, reali-
zntous prcdomiuatcd. and prices here
were slightly under tho Sew York parity
and the close was rattle dull In the
street. The rise has immensely relieved
flr financial situation. however. and the
settlement tomorrow be- now not gencr-
abs feared. Gold is IN strong demand
for New York.
MONEY AND ENCHANGE.-Money on
can hrmcr at 1i2H3i3 per cent. last loan
dt yper cent. prime mercantile paper,
6uCis per cent. Sterling exchange firm.
with actual business I'm bankers bills at
days. posted rates. 4S1i sGtS2 and iS4igd
49, commercial bills. 1~ldiSpi2. Silver
certificates. jJignJGlg. bar silver. JJl2.
Mexican dollars. a.. Government bonds
strong. state bonds dull railroad bonds
weak.