The daily morning journal and courier., 1898-02-24
Etmamctal.
Stacks show a t'urrher Decline.


 New York, Feb. 2S,-To-day's fur ther decline in stocks undoubtedly re- fected condition of real apprehension in the minds of holders of securities as to the developments in the Cuban question. Commission house orders to sell were in large volume even at the opening and those soon swept away the advances over Mondays level, which had been deliberately arranged by the use of the cable to establish a higher range of prices in London over the holiday. There was professional buying here at the opening assigned to the same end, but not even the first quotations were up to the London par ity. Gains were speedily wiped out by the slump which followed the abandon ment of the professional attempt to sustain prices. The selling orders to stop losses brought a flood of stocks on the market. Sugar led the break with decline of over 2 points after rise of point and fluctuated feverishly all day, closing near the lowest at an ex- treme decline of over points. The local specialties were also centres of weakness, Metropolitan Street Railway losing points and Manhattan about 8, Great Northern preferred dropped off per cent. The weakness of the morn ing was in spite of large buying in this market for London account. Estimates of the volume of this buying ran as high as 60,000 shares of stocks. The London market and the continental ex- changes showed an improved tone on the subsistence of apprehension regard ing the West African situation, but there was significant decline to Lon- don and Paris in the Spanish fours, the closing price in London showing loss of ss as compared with Mondays clos ing. The weakness in the stocks which were the favorites in the London buy ing was deferred until later in the day, but they ultimately succumbed along with the rest of the list, In fact the weakness of these stocks in the after | noon after the sustaining force of the London buying had been withdrawn contributed to the final break in the l market. The days net losses exceed points in only few of the standard | stocks, but were over points on some of the specialties.
 | Call loans were made at per cent. | to-day. Currency continues to move 1 to the interior and the sub- treasury had credit at the clearing house to- I day of S1,772566, reaecting the with l drawal of another 10 per cent. install l nlent of the governments deposits of the Union Pacific payment. Foreign | exchange weakened only slightly in
 face of the large London buying of l stocks. The decline in exchanges in Paris was more marked. This develop l ment offers some corroboration of
 the report that a portion of the money
 which is going from Paris to London l on account of disturbed condition ot affairs in the French capital is going
 into American securities. Standard Oil liquidating certificates are not dealt
 in on the exchange, but in the outside
 market to-day they sold at 37o as
 against 80 at the opening to-day. Be l fore the recent 10 per cent. dividend l distribution tn stock sold at AS, Bonds were weak in sympathy with
 stocks, especially in the speculative is
 sues There were very heavy dealings in Union Pacific fours. Total sales, $4,
 2750O0.
 Government bonds were decidedl, weak. United States new regulars de.
 clined 4, and the coupon 1a; the ole
 fours regular and the fives and the
 twos 4 bid. l Following are the closing prices re- l ported by Prince & Whitely, bankers I and Brokers, 46 Broadway, New York and 15 Center street. New Haven:
 Il ! : [ A l