The age-herald., 1898-04-22
Tn w all Street.

New York, April 21-There has been an influential party in the stock exchange representing large following of security holders, which has held tenaciousiy to the view that war was in some means to be averted. The firmness imparted by the re- fusal of this element to sell gave rise to the opinion in many quarters that the market had already amply discounted the actual event of war. But today's events apparent ly demonstrated that the liquidation incl dent to war had by no means been com pleted. Early in the day New York he'd above theLondon parity and there were occasional rallies, later reports showing that war already practically existed caus- ing selling. The brokers manifested con- siderable enthusiasm, and the rostrum was draped with flags, but they continued to sell stocks. Some very heavy blocks were thrown over in the final hour, which ap- peared to be long holdings pure and simple. Such market leaders as Burlington, St. Paul, Louisville, and New York Central, fell over points below last nights close. Therewas no rally in the final dealings the market continuing active and weak and closing at the lowest. During the early part of the day selling for foreign account was large and the offerings, estimated at 30,OO0 were well absorbed. The continued
 
 less had its influence in the days advance of 4 for demand sterling bills. There was a continued stiffness in the rates for money at foreign centers The days engagements of gold for import nevertheless ran up to over s1, ,O0O, 900. Call loans locally continued as low as 9 per cent Foreign demand for cotton and breadstuffs continues very keen, based on expectation that supplies may be cut off if war breaks out
 Banks all over the country are well forti- fled, and even if there Is a large govern ment loan, little of this money will be ex- pended abroad but will rather find Its way quickly back into the channels ofthe home market
 The bond market showed some increase in activity and losse were recorded all around. Total sales, $1 225 900.
 United States As registered advanced B, while the coupons of the same issue de- clined % in the bid price. There were sales of the coupons at 11Sh, which is an advance of H over the last preceding sale, but the advance was lost in subsequent sales. A block of $100000 of the registered bonds at 1171k, an advance of % over the last preced- ing sale.
 New York, April 21.-Totar sales of stock today, 304,000 shares, including Atchison, preferred, 3,161; Burlington, S2 ,3S1; Louisville and Nashville. 12.215; Manhattan, 7,265; Met ropoltan, 8, APO; New York Central. 6,SF5; Northern Pacific, 5,670; Northern Pacific, preferred, 12,315; Ontario and Western, B. 0O5; Rock Island, S,115; St Paul, 40,551; Union Pacific, 2S, ,920; tobacco, 40.46O; sugar, 42,OO7.
 New York April H.-Money on call steady 2 co 2h per cent, last loan g. Prime mer- cantile paper, 51a O G.; sterling exchange, firm, with actual business in bankers bill, at 4S31s O sl, for demand and 479% for sixty days; posted rates, 4S01s O 4S1 and ASA O F; commercial bills, 470 Silver certificates, 55A O 561a; bar silver, 56; Mexican dollars, 45A. Government bonds weak, state bonds dull, railroad bonds weak. ----- 41 Dot, bx- Q- Co