The age-herald., 1898-01-25
In Wall Street.

ftlOftDfAN S SOs
 Tn Wall Street.
 New York, Jan. A-There was nothing particularly interesting in today's stock market previous to the reception of the news that the United States ship Maine had been ordered to proceed to Havana Until that time the market was wholly in the hands of the professional traders, and the transactions were on a small scale. The standard stocks were neglected and the securities of the local corporations, which are more or less dependent on municipal favors, were briskly manipu- lated. Later some of the Vanderbilt stocks were taken up and advanced sharply The general market remained consistently heavy during all this time, but fuctuated very narrowly, the offerings being light as well as the demand. Local interest in the stock dealings was hardly as pronounced as that reported from London. This state of affairs continued until after midday, when it was followed by general improve ment, prices of the majority of the stocks having risen a shade above Saturdays close just before the selling movement in- duced by the news of the Maines move ment began. This news was regarded with skepticism at first, and the market held steady for time, but upon the publica- tion of the Associated Press accredited re- port, the liquidation promptly set in. The offerings were not on tremendously heavy scale but the demand was light and prices fell fast. The specialties which had been marked up in the morning and some of the railroad stocks which have shown the greatest strength recently suffered the heaviest losses on rush to take profits. The Northern Pacific and Union Pacific were conspicuous sufferers in this respect. Northern Pacific preferred was at one time off two points, In a few cases fractional net gains remained after the late decline, but net losses between 1 and points are very freouent all through the list of active stocks. including the leading specialtes, the Changers and Missouri Pacific.
 The attitude of the authorities at Wash ;ngton in attaching as little significance as possible to the proposed movement or the Maine had little effect in allaying the bearish tendency in the market With the exception of some sharp rallies In the To- cal New York group, the market closed weak and near the lowest. In the last fifteen minutes of trading Third avenue sl,1mped to 1731s and then improved T1a points to 1S1, fair example of the insta- bility of this group of stocks The notice from Washington that the deposits m New York banks on account of the Union Pacific sale would be called in ten weekly instalmcnts, the first on Wednesday next, was doubtless with the concurrence and the approval of the banks in which the deposits lie. The government arranged in the first place to leave them there to guard against stringency in the money market. Their withdrawal now,. it is hoped, may give some tone to the money market, which has grown quite plethoric, with a probability of still greater conges- tion of idle funds. Today's call loans, however, showed no quotable change.
 The bond market showed increased weakness as the day advanced. in sym pathy with stocks, the declines being marked in those bonds which have shown recent strength
 The United States new 4s fell 1s in the bid price today The calling of the gov- ernment deposits in the New York banks tends to increase the supply of govern ment bonds by releasing those which have been placed as security for these depos- it's.
 Sales of stocks today, 400, 300 shares, in- ciu01nS. AlC0lSOH pFelefreu, f,JlVv Ani- cago, Burlington and Quincy, 29 9O73; Louis- vile and Nashville, 5,62O; Manhattan, SO,- 700; Metropolitan, 12.1SO; Missouri Pacific, $500; New Jersey Central, 3,SS0 New York Central, 96.743; Northern Pacific preferred, 21, 1,5SO; O. and w., 3,670; Rock Island. S,7s5; St. Paul, 7,750; Union Pacific, 1S,52o; Amer ican Spirits, 3,455; Tobacco, il 405; Peo- ple's Gas, 5,525; Consolidated Gas, 14,226; Pacific Mail, 3,O75; Sugar, S61lo; Western Union, 3,72O.
 Money on call easy at 2d2a per cent; last loan, per cent.
 Prime mercantile paper, 363% per cent.
 Sterling exchange dull and heavy. with actual business in bankers bills at $4.S4% for demand, and at s4s25s@4S2% for sixty