The age-herald., 1898-03-01
RIoRDAN & co.
Tn Wall Ctrae-

In Wal stre--
 New York, Feb. 2S-Todays stock mar ket was strong, but the activity was large ly centered in the leading stocks, such as Sugar, the grangers, Union Pacific pre- ferred and a few others. The most notable strength was shown by these stocks The total sales showed a considerable falling off from the recent averages and the mar ket lacked breadth, business being poorly distributed. London was a seller of stocks today for the first time in a considerable period. The local market was as little affected by this movement as it was by London's persistent buying during the re- cent declines, if a temporary heayiness at the opening be excepted. The fall in inter- national stocks in the early dealings was sharp, but was for only brief time. Added to the days net gains the early weakness makes the ranges of prices from the stocks affected very considerable. Apprehension over the Cuban question seemed to be in abeyance and the course of the market was continually upward after the opening with the exception of a slight reaction after noon and some yielding from the highest at the close on profit taking. The noon reaction was attributed to disappoint- ment because the supreme court refrained from handing down its decision in the Me- braska freight rate case. The sentiments of London and New York on the Cuban question seemed to be completely reversed, for the recent disposition in London to look confidently for a peaceful solution gave way to depression today, the declines in Spanish fours both in London and in Paris being particularly significant. In London it was Ed and in Paris 1 3-32d. But 1t is none the less highly significant that the simultaneous decline in stock prices in Lon don and the rise in New York were &C., companied by a stiffening of money rates in London and a notably easier tone in New York. Call loans were made as low as F per cent. here, presumably in response to the gold shipments, $1,000000 additional being announced today. Sterling exchange failed to be stiffened by the gold move ment and demand bills fell to $4S4, posted rates for long and short being marked down F per cent. Additional shipments of gold are under the most favorable circum- stances expected later in the week. There is talk also that efforts will be made to have the remaining government deposits of Union Pacific money left in New York banks for the present, although notice has been given of the intention to withdraw them in 10 per cent. weekly installmentS. The amount of these deposits remaining in New York Is estimated at $15,0OO,000 The average debit balance of the sub-treasury at the clearing house shows constantly diminishing tendency, and today's state ment shows a small credit balance due to the fact that the governments obligations  The replenishment of the money market by "a government deficit is much less heavier Ethan was the case a few days ago. The days net gains in active stocks range up sto 3 per cent, and in a few cases over that. Sugar had gained points.
 The bond, market was not active today and showed early depression, but recovered in sympathy with the strength in stocks. Sales, $2,400,000.
 United States new fours registered de- clined x; coupons, N, and the old fours and the fives, F per cent. bid.
 Total sales of stocks today were S1.20) shares, including Atchison preferred, 1882; Burlington, 36,137; Mangattan. I2,32O Mis- sours Pacific, 42fS; New York Central 10,- 527; Northern Pacific, 10,49o; do preferred, Os90; Rock Island, 3,s70; St. Paul, 5o,592; Union Pacific, 6,515; Tobacco, 14,1S5; Peo- ple's Gas, H7a0; Sugar, 57,sS2; Western Union, 5,503.
 Money on call steady at 11a@2lk per cent; last loan, ? per cent.
 Prime mercantile paper 31a@4 per cent.
 Sterling exchange weak with actual busi- ness in bankers bills at $4.S461$4. .S4h for demand and at s4.S114@$4s11s for sixty days. s2
 Posted rates s4s21k@s4S3 and s4.s5GsI.s51h. Commercial bills, $4S1@$4S1k.
 Silver certificates, 55as@56$s.
 Bar silver. S5ss.
 Mexican dollars, a5A.
 Government bonds weak.
 State bonds dull
 Railroad bonds firm.