The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-02
10


bills, $3.50. silver certificates. 55s4G554c
Bar silver, 55lec. Mexican dollars, 45c.
Government bonds were weak; state bonds
We're dun. railroad bonds were weak.
New York, April 1.-The Evening Posts
London fnancia. cablegram says: The
stock markets here were fevcrish to-day
pending development OF tine American
Spanish controversy. Having interviewed
leading American and other financial
houses here, I find that the consensus Of
opinion favors-an amicable settlement. The
belief here Is that President Mckinley 50
framed the dispatch to Spain that, While
thoroughly preserving American dignity,
Spanish pride was duly considered Weak
bulls in Americans, however. were unable
TO stand the tension on their nerves. and
flung away stocks Unfortunately This
movement was assisted by sharp fan IN
Spanish As 70 AZ, although they subse-
quenUy closed at 50I2c This drop must
not be connected solely with the strained
relations with the United States, but as
result of the forced sales from Paris al
luded 10 in these dispatches yesterday,
and which have now probably ceased.
Northern Pacific was exceptionally bought
by Germany"
New York, April 1.-The process which
went on in the stock market to-day was
crumbling and disintegration of prices.
the exchange who manifested their con-
fidence in peaceful sentiment between the
United States and Spain, and who increas-
ed values of securities by determined sup
port of prices all through the early trad
ings The buying by this element during
the morning hours was very large, but
prices kept slipping downward. The weight
of the growing depression proved too
heavy to carry and the attempt was aban-
-t,.,r, III
md heavy liquidation was in full force.
Net losses on the day run from 10 over
5 points in the principal active stocks. The
ground for the early confidence by some
operators that war would be averted.
Hcems to have been founded ON the infer
Cnce that the interest ON the Spanish Is,
which was paid to-day, in spite of recent
doubts. whether the money would be
forthcoming, was advanced by the Roths-
chlds and that the advance was based on
knowledge that the Spanish government
would make a peaceabie settlement of the
demands 'of the United States, But as the
day advanced the fact took more and more
definite shape on the news from Washing
ton that the Spanish government had, on
the contrary, refused the demands of the
United States. The consequence seemed
necessarily 30 be that the whole question
would be submitted 10 Congress for settle
AItui. j HIS WAS Itll 10 Involve the dDdN~
donment of diplomacy and an early resort
to force.
American securities, after opening off in
London. improved before the opening here
and advanced quite violently after trading
had commenced in New York. Spanish As,
which were traded in eX-coupon, fell three
full points in London before the rally set
in, then recovered ia. apparently on early
strength shown by the New York stock
market
A significant feature of the day was the
marking up of call loans to 6 per cent. The
growth of the selling for Washington ac-
count as the day progressed, was an es-
sential factor in the late break in the
stock market
Bonds were not 50 active as stocks, but
the volume of liquidation Increased as the
DAY progressed and some sharp net losses
are shown. Total sales amounted to 81
$50 600.
Government bonds were weak through
out The new As coupon fell pa. do regis
tered 2, the old As registered ], and the 5s.
q In the bid price. There were sales of the
new As coupon at 1211s, a decline of l9s
from last nights bid price.
The total sales of stocks were sol 100
shares, including Atchison preferred. 1850:
Burlington. 50 .2S6; Louisville and Nashville
1854 Manhattan L. 29,SO1; Metropolitan
Street Railway, $3.50; New York Central,
$3.50; Northern Pacific, $50; preferred. 49,
1SS; Chicago Northwestern, 5.975.
Rock Island, 16,i20; ST. Paul,
6S,720; Union Pacific. S4S9:
American Tobacco, 2745S; Peoples Gas, TO-
20; Sugar, 1880; Western Union, 1858
New York Closing Stocks.
Atchison ........ 11ASt. Paul ... Sslb
do pref. .....;. &7s do pref. .....141
Bait & Ohio 15l4 st. P. & ON. go 50
Can. Pacific 50 do do pref. las
Can. Southern e.. 471a St F. M & M 1870
Cent Pacific -. 111b So. Pacific u
Ches. & Ohio :. 1SL So. Railway 7st
Chi. 6, Alton ...155 do pref. - 253,
Chi, B. Sc Q. :. 9O1s Texas & Pacific. ~,
Chi. & e. Ill. - Union Pacific -. 9%
C.C.C. & st. L.. 20 u. p, D. & G.. soy
do do pref. :. 50 Wabash . Ga.
Del. & Hudson. .10G do pref. 15ts
Del, l.. & W...lio Wheel. & L. E.. ~
Den. & Rio G.. 1893 do do pref. . 9a4
do pref. ....... Ala Adams Tx. .....100
Nrle NEW 800. II American Eek. .12O
do LIST pref. =. 30 United States 3S
TT Wayne ..,..l6S Wells Fargo lib
CT Nor. pref jag A. Cot. Oil 49,. 16Ib
Hook Valley =. 519l do pref. ..... 6S
Ill. Central ..s... 1874 Am. Spirits 49,. ~
Like T.. & W. =. 1874 do pref. ... 16
do do pref. 69ll Am. Tobacco go 95A
Lake Shore ....1sO do pref. ....115iI
/. & N. ........ ASA Chicago Gas =. sOH
Manhattan L 95l9l Cons. Gas .......177
Met. ST. Ry. .135l9 Com. Gable Co...150
Mich. Central ..10Sh Col. f. & Iron . IS
MINI. & st. L.. "a do do pref. 80
do do LIST pref 50 Gen. Electric &C.. BIZ
Mo. Pacific 49,. % H. Steel .. AZ
Mobile & Ohio. q LaClede Gas 40
NJ. X. & T. -. 1917 Lead ....... 1871
do pref. ....... 81 do pref. ........104
Chi, Ind. & L.. Nat Lin. Oil e. Is
do do pref. . % Ore Imp. Co. q. 2Gib
n. ]. Central 9lls Pacific Mail 49,. 23ls
NJ Y. Central ..10SSt Pullman Palace 16S
N.Y.C. g. St.L 49, Sill. Certificates. 55a,
do do Let pref. So Stan. r. & T. e.,
do do I'd pref. 3S Sugar .....114Es
Nor. d w. ..... llsl do pref. ........107
do pref. ...... 45i4l T. c. & Iron .... 1874
No Amer. Co.. "a U. S. Leather Of. 5st
No. Pacific ..... 22s do pref. ........ 5els
do pref. $3.50. SOS U. S. Rubber 80 &c
Ontario & w. .. i ll do pref. ........ "a
Ore r. & NJ =. 1917 West. Union ISL
o. Short Line =. 2Slai Northwestern ...117li
Pittsburg .......l6S do pref. ........173
Reading ......... 1G st. l.. q S. W.
do LIST pref. e. 3Sla do pref. ....... 81
Rock Island -. 837s r. G. & w .... %
st. l.. & S. f. e. 6iA do pref .... a
do do LIST pref. 552 Chi. G. w. - 10
do do I'd pref. 25A Hawaiian C. Co. %
Bonds