The age-herald., 1898-04-07
RIORDAN & co.
Tn waii Street.

New York April 6.--There is strong conviction in Wall street that de-ay in sending in of the presidents message is favorable to the avoidance of war. This was clearly manifest in response Of the market to the early rumor from aproau that the presidents message would not go in today and to the later authorized an nounoement from Washington that It would be withheld until Monday. The dis position of the message was the cent1 al point about which the whole market turned at The assertions of the newspapers this morning that it would without question go in today and that it would declare Ior forcible intervention caused the decline ae the opening opening prices in almost all cases being the lowest of the day. The re- sistence to the decline and the quick re- covery were a surprise to outside observers who were prepared for somthing like war panic on the exchange. The recovery was due to cabled reports or a rulnor III London that the message would not come in until next Thursday. This rumor was quickly discredited by statements rom Washington and the market drffted to u lower plane again, but not to the lowest. The stagnation of the trading during this period of waiting was almost absolute, ana the sudden outbreak of activity when the later authentic reports came from Wash- ington that the message would De delayeo until Monday was in strong contrast. IL was evident that the conclusion was leapeo to that withholding of the message was due to a reception of further proposals from Spain or to movements for mediation by European powers giving promise that the two countries might emerge peaceIuiiy from their entanglement.s The violent ao- vance was checked and reaction set III when it was stated that the delay was que to advices from Consul-General Lee that he would not be able to secure the depart ure in safety of Americans from Cuba De- fore next Monday. Prices stiffened again' however, before the close on the strength of the general sentiment that delay favored peac The money market maintained an awaiting attitude. Time money was firm at per cent. for all dates, but the ex- change market showed a hardening ten- dency Gold continues to come, however from abroad
 Bonds moved in sympathy with stocKs' and were stagnant until the last hour, when prices advanced on @ squirt or actlV- ity. Total sales, $1,25O,0OO.
 Tinted States new As registered were 1sc lower bid. Prices otherwise unchanged on the day. The new As coupon sold all the way from 120 at the opening to ANiN' 'he last transaction.
 New York. April 6.-The Evening Posus T,ondon financial cablegram says:
 The stock interests here were waiting for President McKinyeys message today. The tome wa sdum and feverish.
 
 eaye way on a sharp fall in Spanish tours. Tha latter subsequently, rallied on Paris buying, accompanied by reports that tire emneror of Austria was e1pdevoring 10 in- duce Spain to come to terms Americans recovered with Spanish fours, but in ohe street all the markets became dull agan, notably -consols, on rurnors that 15ooo non,nds in gold had been ordered for New York from the bank tomorrow.
 New York sent ceiling orders for Amerl- cams the first timing today, but at the same tipe gave a lot of option money for put and call operations.
 New York, April 8-S p. m.-Money rirm, zh0s per cent; last loan. 2k per cent; prime mercantile paper, 5@S per cent; sterling ex- change frrner, with actual business Tn bankers bills at $4SS14 @4.s3h for demand and alt s4.sOA @4SO1s for sixty days; posted rates, s4.S1@4.S11s and s4.s4@D4.S .S41s; commer- caaa bills, $479%; silver certificates, 56c457c; bar silver, 56c; Mexican dillars, 45Ac.
 Government bonds heavy.
 State borhds dull.
 Railroad bonds firm.
 Madrid, April B.-spanish fours closed to- day at 6S50
 Financial
 p,y T,rdvafe Wire to Paine, Murphy C co.