Show PEACE 1SFi DISTANT Tha I tb View t of All Except Stock pculato New York May 12 Spanish tour which have been as Iowa 21 end which closed last week at 9 have gone up to 3G says the London car respondent or the Tribune This unexpected un-expected result la I explained on the lIet as duo to a gathering feeling tlut Spain Is I not prepared to risk an other naval engagement but will keep her fleet under the shelter of Cadiz and accept the Intervention of the powers Jf this feeling were general Spanish fours would BO above 45 at once but the rise has sufficed to convince many hopeful bankers that peace It close at hand They have been talking freely among themselves about the possibil ity of negotiating on the base of Span tell withdrAwal rrorn Cuha and Amer lean retirement from the Ihlllpplnea u muuern war IMemnlty lo able from Madrid They hai e no facts 1 upon which to base this belief except this sudden Improvement In Spanish securities ajid the unexpected air of confidence In the restoration of peace exhibited In Paris and Vienna All reasoning about Spanish fours Is I however Illusory They would 1111 gove In price It Bpalll were to lose all bol colonies I or It she were to have a ond naval I defeat Just as they havo risen on the strength of reports that ler navy will not light In West Indian waters It was the prospect of a pro racted war with unllmltej Issues of paper money which sent tIm down to 21 They have been rising since Ad nlral IJeweys victor because Invest Ora have reason to hope that the will be over before fhe printing pre war Is well In operation Outside of financial circles there I is a less hopeful feeling respoctlng ilia near approach of peace Among diplo mats the feeling Is prevalent that the ministers have not dared to take the risk or another naval defeat which might upset them and the Any mini monarchy ministry which proposes r with the United Staler will be peace over thrown Sarasta Is I deecilued by those who know him Intimately aa riding for a tall on some side Issue ma i all to bo able to return to Office when porno other Premier has J been rah enough tc trial for peace and has suffered Ihe penalty of extreme unpopularity popular vengeance and So far as can be learned no well In formed parllvnennt member of parliament or dlplo mat shares the confidence expressed by mn In the treet that the war Is I prac tleally at an end |