The age-herald., 1898-04-26
In w all Street.

New York; April 25.-The market for Se- curfties was sluggish and almost Stagnant today Prices ruled below Saturdays close all day and the sagging tone, while prac- tically uninterrupted. was of the natural reaction from Saturdays advance. Trad ing was on limited scale, and the move ment of prices Is rather narrow. The wait ing attitude of traders is likely to continue, until the occurrence of some event, giving clear indication of the course, or probable duration, of the war with Spain. The fu- ture of the stock market is also dependent largely upon the course of the money mar ket, In which there are no new develop ments.
 There was no change in the rates for time money, or commercial paper, although call money continued to be fairly well supplied. No apprehension was expressed of strin- gency in the immediate future. There was sharp advance in the foreign exchange rates, demand sterling bills rising one-half. There is no very active demand for ex- change, but the stocks which has accumu- lated in New York had been largely worked off by the importation of gold. The gold import movement has, for the moment, ev- idently ceased, though any active demand for money 1t is believed, would promptly bring it's resumption.
 The bond market was very dull today and prices drifted to a lower level. Total sales, $S75,OO0.
 New fours advanced three-fourths today, while the twos declined one, the old fours coupon one-half, and the old fours, regis-l tered. one-fourth per cent. in the bid price.
 Total sales stock today, 145, 100 shares, in- cluding: Burlington. B 200; Erie, preferred, 3,111; Manhattan, 72eS; Metropolitan, 5990; New York Central, 3,0S7: Northern Pacific. preferred, 3,939; Rock Island. 1885, St. Paul, 18,457; American Spirits, 3,350; Tobacco, 16,- 1885,; Peoples Gas, 3,266 Sugar, 19,s24.
 Money on call was steady, O 2A per cent last loan, per cent. Prime mercan- tile paper, 6 @ ' per cent; sterling ex- change, strong, with actual business in bankers bills, at 4S41s for demand and at 4SoA @ 4S0A for sixty days; posted rates, 4S11b co 4S4lb O 4S5; commercial bills, 47912; silver certificates, 56s O %; bar silver, 5s1s; Mexican dollars, 45A.
 Government bonds are irregular; state bonds dull; railroad bonds weak. |. New York, April 25-Evening Posts Lon- don financial cablegram:
 The stock markets here were steady to- day on large receipts of gold. but the close was dull The Bank of England today adopted a policy of which I gave indica- tion weeks ago, namely, absolutely the first time 1t raised the buying price Of bar gold above 77s 9d to 77s 91hd. About bOo,- 900 pounds in gold came In today. l have reason to believe probably further 5OO.- 900 hounds in gold will go into the bank this week.
 The depression at the close was partly connected with small failure which is the result of the difficulties of large specu- latiye operator in West Australian mines.
 Spanish fours and Americans were conn., paratiyely steady, but dull. The uncer- tanties of money prospects promise to hinder business for some time. The New York money market Is closely watched, es- pecally the effect the United States loan, which 1t is believed must cause money rates in New York to rise.