The age-herald., 1898-02-15
RIORDAN & co.
In Wall Street.

New York, Feb. H.-The weakness of stocks was pronounced today and per- meated every department of the market. The decline was quite uniform in the gen. eral list, and few of the highly specula- tive specialties broke severely. There was little support in the way of buying orders at any point and prices went off easily and rapidly. The market steadied at intervals and rallied rather feebly, but pronounced dullness followed every symptom of re- covery Few of the active stocks have escaped net loss of point or more, and many prominent securities are over points lower. The higher prices at the opening were caused by the confidence with which prices of Americans had been sustained on the London exchange during Saturdays holiday in New York This confidence was still in evidence in London before the open ing here and the international stocks showed sharp advances in sympathy, reach-
 ing nearly point in the case of Union Pacific. These advances were of the most ephemeral character, some of them being almost wiped out in the running sales at
 the opening. This was particularly the case with Union Pacific stocks, In which the reorganization committee's agreement
 with the government over the Kansas Pa-
 cific sale seemed to bring realizing. The
 days movement in Metropolitan Street
 Railway covered a range of 141a points, the
 slump from the high point to the lowest
 being continuous and very violent, the
 prices giving way several points at a
 time. There was quick rally of Sh points,
 but the stock f1uctuated widely and closed
 with net loss of over five points. Third
 Avenue was at one time 6A points above
 last Fridays close, and though 1t reacted
 sharply in sympathy with Metropolitan
 Street Railway, it retained substantial
 gain.
 Much talk was heard of the Cuban pues-
 ton during the day, but there was no
 specific development that offered a new
 atfxr for ha selling The hears took ad-
 vantage of the over-bought condition of
 the market and the rather long sustained
 effort to support prices to make an az
 gressive raid. The stock dislodged by un-
 covered margins induced quite a heavy
 liouidation. The bears had no difficulty
 in covering at the decline without any
 marked rally in prices. Special weakness
 was shown by Northwest, Kansas and
 Texas preferred. New York Central ana Pullman The Rubber stocks and Third Avenue were practically the only promi-
 nent securities in the list to resist the weakness
 The reactionary tendency in stocks af- fected the bond list throughout for the first time since the recent advance was checked Prices of bonds did not yield at once, some issues showing strength in the
 early part of the day, but declines were general before the close. Dalings contin- ned on a very heavy scale. Total sales, $4, ,54O. 900. :, limited States new As coupon were 4 lower bid, and new As registered and the old As registered were 1s lower bid. Total sales of stocks today 4049O0 shares, including: Atchison, preferred. aO,944 Chesapeake and Ohio, All; Chicago Bur lineton and Quincy, 303S5; Lake Shore 3.950: Louisville and Nashville 10, 40; Man. hattan. 15935; Metropolitan. 40,6SS; Michi- gan Central, 3,295; Reading, preferred, 400O Minnesota and St. Louis, 3,00O; Missouri Kansas and Texas preferred, 5,9S5; New York Central, 2, ,946; Northern Pacific, S,96o Northern Pacific, preferred. n,30; Rock Island, u,S96 St. Paul, 23,45O; Southern, preferred, 3,592; Texas and Pacific, 3,520 unfon Pacific, 1887; Peoples Gas, 12,s2O G,sneral Electric, S,S65; Sugar, H,1O Leather, preferred, 3,400; Rubber, S,19O Rubber preferred, 5,160; Western Union 3,570. .., Money on call closed easy at 1A@1h per cent: last loan, IA per cent; prime mer- oantile paper, 3@4 per cent; sterling ex- change easier with actual business in hankers' bills at $4.S51z for demand and al sa. s9a4. .sSA for sixty days; posted rates s4 S4 and &S61k; commercial bills, $tS21s. Silver certificates, 561s@57h.
 Bar silver, 56A.
 Mexican dollars. 45A.
 Government bonds weak.
 | State bonds dull.
 ondc