The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-04-08

NEW YORK. April THE conviction Is
evidently unaltered In Wall street that
message 10 congress adds to the possisili-
ties Of peaceful solution OF the Cuban
situation The market closed a shade
lower lower, To-Day In the average prices. IT,
confined to fractions and there is a fair
spr.nkling of gains among leading stocks
Oily snaah proportion OF the sharp sd-
that tho message was 10 be delayed until
Monday was wiped out.
The professional bears showed no dis
position TO renew their short contracts.
Neither was there any sign of liquidation
of long holdings. The only haylng de.
mana was caused by some slight covering
by shorts and q very limited amount or
an almost stagnant market
There was no development today which
awakened II from its iethargic condition.
That this dpiiness Is due TO an attitude
OF waiting was evident from the sudden
activity when 1; became known yesterday
that the presidents message would be de-
taxed, ard when IL was supposed that the
DELAY indicated probable concessions by
tie Madrid government.
The impression In Wall street ss that the
unaertone Of hrmn~ss In the niarke; Is due
10 seine hidden motive. generally supposed
to he the expectation that Spain will yieid
10 pressure from the European powers aaI
froEn the pope. and viii coneeda the de-
sssaTds OF the United States.
Today's small losses IN the face OF the
generally Threatening aspect % the situa-
ton can only be explained on the hypothe-
sis that peaceful semsicr Is stili hoped
for
There was. however siemnnstsa ton in
yesterdays late bulge that large offers TO
realize are brought gu. by any sharp nd.
on either side ar~ watching for the definite
development of the situation. II Is thought
possible thar the Liquidation usually incl
dent 20 a var scare Is waiting for the ex-
petssed heavy demand from the large short
interest which undoubtedly exists In the
market. This short interest Ia waiting
for an actual declaration oI war 10 cover.
on the other hand. there are those who
hold that actual war has already bear saf-
ficieriiy discounted. and that the frmnees
In the market Is due 90 THE cause.
The situation IN the money market Is felt
20 he one fortified against even a severe
shack. Bank reserves ali over the couu-
try have been greatly strengthen a. the
gold reserve of the government ana Of the
New York banks unprecesien;iy 30 in the
case 81 the latter. are constantly growing.
A large proportion ~ the payments at the
custom house are made In sold. and the
clearing hotise balances arc in great part
settled in the same metal. There IN no
immediate prospect Of international ex-
changes turning against the United States
and gafiI this o<~,urs sherS x.ii he gold
imports 80 replerlsh The money market
Tosisy's advance IN the Bank Of England
rate did net cheek The engagements Of
geld, ha, served. 70 sA.t The demand same
rrsorey ig Isonescn resulted IN rise IN the
Berlin and Paris rate os exchange on
IowSsr.
The t<>nA uVrket was almost wholly reg
tsssess but prices were arm Tatal sales
81 GA fsp L. 8. new tcurS advanced rer
cent the odd feurs regular - and The gav-rs
u yar cent IN the btu prise sotsv and .h.
seconds declined u per cent. There vera
sales Al the aew feuss coupon al is.s.. an
advance Of y over yesterdays sale prise
Tae!ax's as: price was IL.
Money and Exchange.
Money ca sail steady az @Gsa rer cent.
kssi aea1<. : per cent. prime mercantile
ssA2ey. Sa*4ts per seat: sserssnr exrhanrs
STEADY. NTH actual hsacnexs In aanksrx'
o.sls at ANs.sstNi4 for demand. and a.
&1as and ASsss. corsmerclss ssi,s ~ "a.
SILVER certificates. 5eaISsc. har saserr SRrs
AsxisAn SILVER acilArx &c