Evening star., 1905-08-29
Peace News Electrified the
Dull Market.
ANIMATED DEALIN GS
REFLECTIONS LOOKED FOR IN
FOREIGN REPORTS TOMORROW.
Scant Attention Was Given Favorable
Weather Bulletins of Govern
ment-Time Loans Firm.
ANIMATED DEALIN G s
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK. August BIT was just
about exactly midway Of the course OF the
business session that intelligence reached
Wall street that the peace ENJOYS at Ports
mouth had finally reached definite agree
ment upon all the articles OF the negotia-
tiors. The effect of this informa ton was to
electrify the rather dull and uncertain
stock market into a strong and animated
one
While the general character of the In
formation relating TO the peace negotiations
had during the past few days been reas-
suring rather than otherwise there was
bound to he much uncertainty and anxiety
until the last positive word came from
Portsmouth OF elsewhere.
so much having been accomplished. Wan
streets Immediate concern now shifts TO
the financial aspects of the general subject
in lis various phases. The dispatches re-
ceived from Portsmouth after the first i'm
portant announcement were naturally frag-
mentary and paragraphs. but 1t was re-
ported that, by direction OF the home gov
ernment, the Japanese ENJOYS had waived
absolutely their previous demands for the
payment by Russia of d large pecuniary in
demuity.
There was an undercurrent of doubt ex-
pressed in financial circles today as to
whether the Japanese concession in this re-
spect could be taken literally, but 1t was
the belief. which was supported by trust
worthy information. that in any event the
transfer OF funds from the one government
to the -opAr would not be much in excess
Of 500, on 300. If so large sum. against
the 5000. .0b000 amount which has been the
figure generally fixed upon in public dis
cussion- of the case.
The next phase of The subject to be con-
sldered relates to the financial require
ments of the two countries, now that a
treaty of peace is in sight. 1t is not be-
diately enter the worlds money markets
u borrower on a large scale, and there
took place today sharp and significant
rise in all OF the japanese bonds dealt in
upon the local stock exchange. Both Jap
aDeSe and Russian bonds had ruled very
strong In the London market previous to
the close. of business there.
The immediate effects of todays historic
event will. OF course. be more completely
reflected upon the opening OF the European
stock exchanges tomorrow. The foreign
markets were generally strong today. but
of course, transactions there were con-
cluded before the official statement regard
ing the peace negotiations was issued ut
Portsmouth.
BY the time also that business opens 20
morrow there will be more complete infor-
nation available with regard to the actual
arrangement which was effected today. ana
the security markets have little concern
with the other details than those of fnan-
cial character.
Now that the great beligerent powers
have agreed to bring hostilities to a close.
the whole world will experience a great
sense of relief. and whatever may be the
financial requirements of the two nations IN
restoring the ravages of war. that can be
provided at less eventual cost than would
have been incurred through the continued
destruction of life and property upon the
Mains of AIauchuria