The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-26

NEW YORK, March 25.-Today's closing
prices were the lowest, in most cases, since
the Cuban question became dominant factor
in the situation. Twenty active stocks averaged
lower than at any time this year, and gov
eminent new As, coupon, were down to 113A
bid. This the assumption that new
issues were possible If expenditures for war
purposes continued long. Before the battle
ship Maine was blown up they were quoted
above 1913.
The market opened with quotations slightly
below yesterdays final figures. The bears
however. were determined to bring about
substantially lower level and hammered
many Of the leading stocks vigorously in an
endeavor to precipitate LIQUIDATION The To-
cal transportation shares and Sugar were the
most Vulnerable points Of attack, and the eX-
IRENE weakness in those specialties was soon
communicated elsewhere.
Numerous Stop-loSS orders were executed
and the market for a time took on a very ami
mated appearance with losses ranging be-
tween 1 and points during the first half
hours operations. Purchasers for London ac-
count and an effort on the part of some trad
ers to rally prices, gave a steadier tone,
which. however, was accompanied by eX-
IRENE stagnation.
frequently, but there an absence of
feature In the general speculation until the
nnal hour. when extensive liquidation set in
which depressed the bulk of the hiQh-priced
specialties to the lowest figures of the day.
The local specialties were conspicuously weak,
Third Avenue losing 10 per cent There was
d PupiisHeu story tnat a scrip dividend or lU0
per cent was in contemplation in order to in
crease the company's stock capitalization suf-
hc1ently to permit the lawful issue of new
bonds in payment for recently acquired lines.
Metropolitan Street Railway lost AZ Man
mattan 2as and Consolidated Gas 55s. Sugar
was down 3B, partly on fear of the proximity
OF increased competition in the trade The
steady decline In this stock tended to color
recent reports that inside support had been
withdrawn for the time being
The break in Northern Pacific preferred of
W, accompanied it was by weakness in
Canadian Pacifics. was taken to Indicate
something unfavorable as forthcoming in re-
gard to the rate war. New York Central and
the grangers showed little resistance to at
tack.
There was further engagement for import
or moderate amount Of gold making the
total or the present movement including that
from Australia, nearly $685. 000, 0O0 The for
e1gn exchange market exhibited heaviness
today, and some concessions were noticed
In rates.
Quotations for railroad mortgages continued
to sag on light offerings. The total transac-
tons were $1,10OO0O. Government bonds dis
played extreme weakness the new As. coupon
and register. and As coupon yielding l per
cent in the bid price
Total sales Of stocks today were 546OOO
shares. including 80, APT Burlington 6, 1876 L. &
NJ c,o 2o557 Manhattan, 5000 Metropolitan,
$3.50 Missouri Pacific, 3,645 New Jersey Cen
trail. S,012 New York Central, ALSO N. P. IS
285 n. p. preferred 1926 Rock Island AZ 600
st. Paul, II, 400 Union Pacific preferred II 18O
Tobacco, 9,465 Peoples Cas- 81 800 Sugar, 1878
Western Union. ~
The following were the fluctuations of the
Ieadlns railway and industrial shares fur
of trade '"