The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-15
BOND MARKETS
ARE B0UYANT.
American Securities Rise and SPANS
Fall,
GOLD ENGAGEMENTS CONTINUE
Yesterdays Amounted to Over 81, 900.
OOO-All Wheat Futures Weak Tx
cept May Which Has the Sup
port OF the Letters.

NEW YORK. March 1.-THE stock and
BOND markets were strong throughout to-
GAY. llucrcnt opinions were offered as
10 The cause Of this and probably all had
some truth iu them. That the excess Of
nuoNancF was surprise 90 many pro-
tessioual traders. even 10 those who ~
pccicd some natural rebound from Satur-
uaN s. excessive depression. was evident.
PRICES OF Americans We're advanced I'm
London before the opening here This
was the more notable on account OF the
acute depression Of the Spanish govern
mcut funds. which fell 2N iu London on
Paris selling. and showed an extreme de-
cline of u. in Paris. The course OF these
bonds has been looked 90 as true index
of the diplomatic relations between the
United States and Spain. This discrop-
ancy might mean that capital looks fac
Norahly upon tho excellent financial and
industrial conditions in the United States
in spite 90 danger of war, or 10 might
moan the acute financial distress
OF The Spanish government which
uttraCfs from the value Of its bonds IN
spite OF the chance OF peace. IL is not 10
De lost sight of that United states bonds
m the local market declined Do per cent.
in the hid price 300 the face of the
strength Of 400 other securities. 10 is pos
sihic. however that the stincning % the
money rate may have accounted for TINS
movement Certain information thht
there was very large covering OF snort
contracts. which had been left open over
Sunday on the belief That some new and
dangerous developments We're imminent
SIN our relations with Spain The urm-
ness off prices was sustained 10 the close.
TIis was t demonstration that the under
living strength OF business conditions
would quickly hriVg about recovery OF
prices upon amy relaxation OF the ten-
sion over Che Cuban question. Gold con-
tiuucs to hc engaged abroad Tor import
To-day. announcements aggrcgatiug con-
siItrlhIv over $1,000 NOO. The fall in the
rate ~ exchange ON Paris and Berlin and
tn. relative ettadiuces of the rate on LON
l0n indicates where the pressure for
gold -hDIug foIt and there was re-
.uuu-r iu fht -fincuiug OF the money rate
r Paris and Berlin Money is stu NOV
ing tn tho interior from This point and re-
.eIui- 0f gold had 100 effect to-day in
casing Tine money market over $1,000
fou Will he withdrawn from the market
to-day. and converted into the treasury
for IaFWeut 900 account OF the Kansas
1'I.Ilc sIle. Nearly all active stocks are
from % to . per CENT higher as "a result
.f frr davis trading.
Prices 0f railroad bonds FOO sympathy
with sfurk-. hut the Overwhelming pro-
uurrinl or fhe dealings was in the Atch-
I-nu im(U imeuts aud the Union Pacific
nov SIS Sales. 10000. United States
bonds were o. per cent. lower bid. except
tlo -our> registered and the rs, which
were unchanged.
Total sales of stocks were $4,000
shares including AtchisOD pid. lOl&t. q.
B and g.. ~ 40. J.. and y. 03iJ. Man
haitian 2G5Sl. Met street Railway. g.
$50. ~ y. g.. 1850. Northern Pacific. o.
esq. do. pfd 236~O Northwestern. 300,
Rock Island. 1000. ST. Paul. COST
91lO. People s Gas, 1880, Sugar 6LG9s.
The Evening Posts financial London
cable.
Americans continued unsettled and fee
Neri-h. the chief depressing influence to-
aIv being Paris. where the Hourse was
drm1ralzed hy the FAN in Spanish secur-
.fIo- and the CounSc agitation. Ihc see
we're slump in Americans in New. York
uu Saturday attracted the attention OF
buyers here and prices opened 500 above
fHr Sew York parity New York respond
InE Co This latter. Another Improvement
took place. influenced by buying for Ger
many. but the close wac dull ON the
street. kfnrs. which have been dull the
lI-t few days ON Paris conditions closed
pauicky. ou the news of the murder OF
Woof joel the existing head Of the
nrm of karn1fO Brothers. one small
stock exchange failure was announced.
Nut 30 Nts not connected with Americans
Indications of continuance of dear mon
0r rIN exists. s. large amount of gold
was bought for New York to-day. The
question OF "a rise JOB the Bank of Eng
lands rate Ou Thursday is much dis
Du--ed The open market rate is 3 BIG.
THE Paris Euul-e was trlUe better ai-
f,r 20 period of dizziness. Spanish secur-
i..e-. which bad been J-il closed at - s..
The Berlin market was steady
MONEY AND ENCHANGE.-Mo Money on.
can c8sy 2u2i, per cent. last Loan 2la
p.r GENT prime mrroam' lt paper @',N
ri. ulr fDut.. sterling exchange. steady,
with ntfusl business Zoo bankers bills at
l~ill. demand. AMID fNlfi for sixty d8vs.
posted rHffs l~-li SO and NIu4 S'l4,
commercial bills $50 silver certificates
-si5sa-. har silver aSia. Mexican dollars.