The age-herald., 1898-03-15
Tn Wall Street.

the cause of this and probably all had some truth in them. That the excess Of the buoyancy was a surprise to many pro- fessional traders, even to those who eX- pected some natural rebound from Satur- days excessive depression, was evident. There was nothing in the news of the day to change materially the political outlook and that there were many holders of securl- ties who continued nervous was evident from the large offerings to realize which met the sharp rise at the opening, but the reactions which resulted from these opera tions were more than overcome. even those stocks which showed the largest gains at the opening rising again to the highest ana those which had been less affected at the opening rising in some cases over point above the early high prices. Prices ol Americans were advanced in London be- fore the opening here. This was the more notable on account of the acute depression of the Spanish government fours which fell 216c in London. The course Of these bonds has been looked to as true andeX to the relations between Spain and the United States. ,
 This discrepancy might mean that capi- tal looks favorably upon the excellent financial and industrial conditions in u1e United States or 1t might mean that oiIe acute financial distress of the Spanlsn gov ernment detracts from the value or us So,,ds in snite of the chance of peace. It Is moi to be lost sight of that United States honds in the local market declined 1a per cent in the bid price in face Of thls streIs III of all other securities. It is possible, now ever, that the stiffening or the Inoney as,t l@te may have accounted for the movement Certain 1t is that there was very iarse covering of short contracts Whlcn nau pecli tatt open over Sunday on the oeneI ulpae sone new and dangerous uevetopnieiit "tI' ir,,,irent in our relations with Spaln. mno l5src were intlisposed to put out fresh .,art lines and there was even the evidence or various familiar devices TOT ouiAhs Nnr,ces to show that some or thls e9eaiieir. nras i'm the market for at least slioi ul."os ap"a, uas sust tafned to the close. Tnis l,as a demonstration that the underlyins strorrtb of business conditions III uhe eonrt,v would quickly bring about recoV- erv of prices upon any reiaxatioh oi O"e tension over the Cuban question.
 'ellsi1i lSrS oontirues to be engaged abroad for .ort today's announcements aggregat- ,,,a considerably over S4,00O.oOo. The Iai III +ha rate of exchange on Parls anu i,oi m
 ond the relative steadness or ehe re.e III london indicates where the pressure ioi ,,o,a is heinz felt, and there was response s so,u .,,. stirfening of the money rate in Paris and Berlin. Money is still moving 10 the .to,5or from this point, and receipts or golu aad no effect today in easing the money n,ar,et. Over S1 100000 will be withorawn froyn the market tomorrow ana coVereo s,,eo tho treasury for the second payment ih'o ,o,,nt . of the Kansas Pacific sale. Maorlv all active stocks are from to over 2 ner cent. higher as result or the oay trading. s rosa ;, svrn- ,athv with railroad stocks, but the over 1p,.hainine proportion of the dealings was Tn mtchison adjustments and the Union Pa-- ciSc % new Fs. Total sales, s2,7oo,ooo. .u. o'1 Tinted States bonds were 1a per cent. lower bid, except the fs registered ana Ss' which were unchanged.
 .a,,'a,,g Atchison preferred, 10120; c. & O., so5. C. B. & O., fl ,15O; Erie preferred S,iso; Huntsville and Nashville. s.a5; Manhattan' os sG ssi. Metropolitan, S,SS7; Reading prefer