The herald., 1897-10-13

ing sharper decline throughout the whole
list than has been accomplished on any
one day during the bear campaign. They
had no new event which could influence
the value of stocks to aid them, and no
report of any cessation in the improve
ment of the earning power of properties the
shares in which are dealt on the exchange.
The nominal motive for the selling was the
fear that our relations with Spain were in
danger of rupture, as an overgrowth OF the
policy which General Woodford was or
dered to pursue at Madrid. The dispatch
from Madrid to the Associated Press, car
rying the semi official announcement of
the substance of Spain's reply. it was
feared would force President Mckinley to
take action that would lead to declara-
ton of war. Apprehension on this point
became so acute that large amounts of
long stocks were offered and numerous
stop loss orders were uncovered, which
gave success to the bears. Several inef-
fectual attempts were made to stem the
decline, but rallies were only momen .ary.
and fresh heavy offers kept the liquidation
to the close of the day. Last prices were
in many cases the lowest. and the tone of
the market at the close was very feverish.
Losses on the day extend all the way from
fraction to over four points. the range
in the leading active stocks being to 4
points.
The bond market showed increased ac-
tivity and shared in the weakness Of the
stock market, though to a less extent,
Total sales. s2,24O000. United States new Is
were advanced u bid.
Closing Stocks
NEW YORK, Oct. 12.-The following
the closing stock quotations:
Atchison ....... 1874 st Louis & F. 4H
do pfd.... 291s do pfd. .... 10
Baltimore & o. 1875 st Paul. 92ls
Canada Pac.... SSE do pfd .... .139
Canada South 54A st Paul & Omaha 70
Central Pac.... 16 st P M & M....122
Ches & Ohio... 21!s do pfd. .140
Chicago & A...163 Southern Pac.... 10
Chicago & A...l63 So Railway...... 10A
G B & Q........ SO do pfd ..... S114
G & e I...... So Texas & Pacific. 10N
c & st L.. 81 Union Pacific.... 2O7s
do pfd.... s31a U TX & K..... ~
Del & Hudson.1131s Wabash ......... IA
d L & W......15S do pfd...... 1871
II d G...... 12A w & l. E.......... IA
do pfd....-46 do pfd...... III.
Erie (new)..... 153s Adams Ex.......155
do pfd.... 80 American Ex....117
Fort Wayne. ..167 U Express..... A
Great pfd...137 Wells-Fargo ....10S
Hockig VAL. Am Cotton OIL. %
Illinois Gen.. .101R do pfd...... IS
l. E & vs.. 17n Am Spirits....... 9h
Lake Shore. :. .167 Am Tobacco..... 85s4
Louis & Nash. 57A do pfd..... .112la
Manhattan l.. .100A Con Gas. .2N
Met Traction. lis Chicago Gas..... S71a
Mich Central. .101 Com Gable Co... LIS
MINI & st L.. "a Col f & I........ 227s
do 1st pfd.. S5 do pfd...... rs
Missouri Pac.. 2Sis Gen'B Electric E. 351s
Mobile & Ohio. 26 Illinois Steel..... 41A
M X & T........ 14A l. Clede Cas-. 4Ols
do pfd.... 35A Lead ............. 35
Chi Ind & L.. 91a do pfd.. .1OSk
do pfd.... 32h Nat Linseed Oil. 16
N Central. 92A Ore Imp Co... 1872
N Y Central. .106s4 Pacific MAIL. 3312
N Y c & st L. 1891 Pullman Palace. 172la
do 1st pfd Is Silver Cert....... 561a
do I'd pfd. S41a Standard r & T. 51a
Norfolk West. 15H Sugar .142
N Am Co..... AS Il c & ...I....... 27
Northern Pac. 1Sls U s Leather..... 75s
do pfd.... 50ss do pfd... 63
Ontario & W.. 1875 U Rubber. ..... 16h
o & N...... "a do pfd...... 6114
Ore Short Line 1S& Chicago & G w. 151a
Pittsburg ......165 Chicago & N W122ha
Reading 1890. 2S& do pfd. .... .162
Rock Islad... S6A Western Union. $751;