Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-04-26
STOCKS SLUGGISH.
THE MARKET ron SECURITIES. IN
DEED. ALMOST sTACNANT.
WAITING ATTITUDE IN WALL STREET
u IL Likely TO Continue Until Course
and ProbnbIc Duration of War Are
JnJicated-Jump I'm Grain and Pro-
isiOnS.

NEW YORK, April 25.-The market for
securities was sluggish and slmost stag
nant to-day. Prices ruled below satur-
a brief pause at one time during the
morning in the downward course. due to
strength shown by one or two Of the In
dustrlal speclalties. the sagging tendency
Of the market was practically uniuter-
rupted. The trading was narrow, and tho
professional declines really representeo,
nothing more than a natural reaction
from Saturdays advance. The supply Of
stocks continued very limited. apparently
the owners being unable 20 hold for high
or prices.
The waiting attitude OF traders Is likely
10 continue until the occurrence OF some
event giving q clear indication OF the
course and probable duration Of the war
with Spain. The future or I'm. stock mar
ket is a-o dependent largely on the
course OF the market. Tnere was no.
thing in to-doy's developments 20 inii-
cate accurately what that course will be-.
Tho Snb-Treasury issued a notice that it
would receive no further Deposits on ac-
cour. of shipments Of currency from
Washington, or Of transfers AZ any point.
There was nc change On the rates for
time money or commercial paper. al
though caU money continued 10 be fairly
well supplied
There was n sharp advance IN the for
eicn exchange rates. demand sterling bills
Using - cent.
The bond market was very dun to-day.
and prices drifteG TO a lower level Total
sales. 5000 United states new IS adj
vanced 81 to-day. while the seconds de-
clned /. the old Is. coupon, -. and the
Old rs. registered. II per cent. in the bid
price.
The total sales Of stocks to-day We're
100 shares. including Chicago. Burlins-
ton end quincy. 1920; Manhattan H. -
2cj: Metropolitan Street Railway. $3.50;
=. Paul. 1887: Union Pacific preferred,
1879: American Tobacco, 1856; Sugar,
1894
MONEY AND EXCHANGE.
2P. M-Money on call steady at 2"2 l.;
per cent: last loan at per cent; prime
mercantile paper. chi per cent.
Sterling exchange strong. with actual
business I'm bankers bills az 1881 u Tor
demand and NS01-lN$LSO - for sixty
DAYS. posted rates. ASl"$iM IL ana
SiSi1-2Gsi X, 10: commercial bills, $LI' -.
silver certificates 50 l-20j6 81 Bar Sill
ger 561-S. Mexican dollars. - il.
Government bonds irregular. state
bonds dull Railroad bonds weak.
STOCKS ~ LONDON.
,rne Evening posts London financial
cableeram SAYS: The stock markets here
were steady to-day. on the receipts OF
gold but the close was duh. The lfahk
Of England to-day adopted a policy o.
which I gave YOU indication weeks ago
namely. for absolutely the iirst tlme lt
raised the buying price of bar gold above
rs Cd TO RS. o Id. About A'",Vp III
gold came IN to-day.
Suanish as and Americans were CONF
rorativeIv steady. but duh after improve
mont. The uncertainties Of money pros
,ects uromise 10 hinder business Tor
'oma time The New York money mar
t.t Is closely watched. especially the e,-
f.rt ~ the new United States loan. Whl,h
i, is believed must cause money rates III
New York - rise.