The age-herald., 1898-02-09
h " all Street.

New York, Feb. S-The stock market succumbed to the Cuban scare today, in spite of Londons indifference to the fears reflected by the New York exchange of repture between the United States. and Spain The strength of American securi- ties in London was partly accounted for by the progress of the periodical settle nient of account on that exchange. Prices were bid up sharply before the opening here and resulted in a sympathy rise in International securities at the opening. Not only was this the case, but when heaviness developed here London was liberal buyer at the decline, and was a very important factor in sustaining prices during the forenoon session. Americans were in demand in other foreign centers, and from Frankfort comes the report that they were the features and sustaining force of the market Denver and Rio Grande preferred was the favorite with London, and it was able to hold a sub stantial gain to the close, a conspicuous exception in this respect. Quite number of stocks developed aggressive strength at different times during the day. Metropol- itan railway rose at one time four points, but fluctuat ted feverishly below that in the final dealings. Michigan Central, North west, Omaha, Pullman, Lake Erie and Western preferred and few other less conspicuous stocks were at one time over a point above last nights close, but the gains were practically eradicated. Early weakness developed in the Union Pacihc stocks and Norfolk and Western preferred was keenly affected by profit taking. Man haitian also broke 11s points early in the trading but showed 9 better tone later.
 General Electric and Pittsburg, c. c. & St l.. were also heavy. The earlier weak ness of the market had been to large ex- tent overcome by the strength in special stocl<s when the news was received of the resolutions proposing intervention in Cuba, which were introduced In the senate. This broke the market in the final hour and re- suited in the most severe shaking-up since the ordering of the Maine to Havana. The covering of shorts made but a feeble rally and there was a disposition to renewed liquidation before the close. The money market weakened very appreciably today, call loans being made at l per cent. De- nestle exchange at some interior polnts has turned sharply again. But these 1ac- tors were unavailing to hold the money ratc sharp rise in sterling exchange of Ac in the actual rates and 19c in the posted rates is probably to be attributed directly to the weakening of the money market. Exchange bills are offered, now ever at only A above the demand rate for delivery in May This indicates that the present stiffness Of exehange rateS IS not expected to hold.
 Dealings in bonds continued very large today, but there was no individual trans actions of such magnitude as yesterday. There was some disposition to realize in the speculative issues, but the general ten- dency was upward in the early dealings. Prices yielded to some extent with the break in stocks. Total sales, $5,T75,O00.
 United States new fs advanced h bid.
 Total sales of stocks today, 3S3, 400 shares. including Atchison, 25,OS0; Baltimore and Ohio, 3,S35; Chesapeake and Ohio. 5.0o5; Burlington, 33015; Erie preferred, 5,49O; Louisville and Nashville, 8,020; Manhattan, il ,72O; Metropolitan, 12,595; Michigan Gen. tral, 5,6O3; Missouri Pacific, S.OO0;@ Missouri, Kansas and Texas preferred, s,527; New York Central, 21,O70: Northern Pacific, B. sO5; Northern Pacific preferred, 12.150; Rock Island, 5,120 St. Louis and San Fran cisco second preferred, 473O; St. Paul. IT, $50; St. Paul and Omaha, 7.6S5; Southern preferred COPS; Union Pacific. 21,72O; To- bacco, 6,216; Peoples Gas. S,700; General Electric, 1.15O; Sugar. 17,75s; Leather pre- ferred, 3G20.
 Money on call easy at 1Q11k; last loan IF per cent.
 Prime mercantile paper, BOA per cent.
 Sterling exchange strong, with actual business in bankers bills at AS5h for de- mand and at s4.S3A for sixty days.
 Posted rates, s4.A and 4S6k.
 Commercial bills $4.S21z 1$4S21R.
 Silver certificates, 56ls@57k
 Bar silver. 561kc.
 Mexican dollars, 45Hc-
 Government bonds strong.