Evening star., 1898-03-21
New York Stock Market Was Weak
and Marrow.
ANXIETY OVER CUBAN. OUTLOOK
Both Accounts Shy of Market
= Under the Circumstances.
GENERAL MARKET REPORTS
Special Dispatch to The Evening star.

Special Dispatch to The Evening Star
NEW YORK, March 21.-Speculation was
heid in abeyaace today by a spirit of ex-
pectancy. accompanied by evidences Of
suppressed tension resulting from the prob
able developments Of the present week.
Little stock sought q market and the little
in sight was more than equal to the de-
nand. The findings Of the court Of inquiry
are believed to be stiii such a matter OF
speculation that positive arguments for the
abandoning of either account were lacking.
The result OF this condition was to es-
tablish narrow market with both ao-
counts undisturbed. Opening prices were
generally lower, the concessions varying
from u to per cent. The London market
reflected extreme sensitiveness to the prob
able outcome Of the Maine report. and SUBJ
stantial fractions were subtracted from
Saturdays closing parity.
Local prices were infiueAced to some ex.
tent by this fact and sold or from the
weak opening level Later in the DAY.
however. the market relapsed into dull
ness. Total inactivity was often apparent
the ahsence Of news from Washington
leaving .he situation bare Of material IA.
vorable to extensive trading.
All factors are overshadowed by politi.
cal considerations. and routine reports are
set down for future use only.
Earnings throughout the day were Of the
most encouraging character. and evidences
OF railroad prosperity continue to multiply
on all sides. The rate cutting iu.pired by
the amb tion Of a few roads To- con,,ol the
klondike trafhc is scarcely a factor
speaking generally, the financial situation
is marred only BY the Spanish crisis This
crisis Involves the fate OF Cuba as well as
redress Tor the loss of a battle ship and
the financial world has come to consider
the FORMER question as the only one worthy
of consideration.
The decline OF to 10 per cent I'm the
STOCK market has already discounted the
iatter event The reduction in loans is of
itselL evidence CT a general reduction of
stock market risks, as well as of CONNER
cial obligations.
t1nanciers have not BEEN behind the
authorities at Washington in preparing for
tne worst that may come. The prospects
Tor a shock have been considerably re-
ouced, and rational handling of the COM
pick situation is to be expected. This con-
o!tion does not preclude a further decline.
put 1t should, and probably will, avert a
panic.
The dullness at today's low level must be
interpreted as indicating a lack of courage
70 extend the short account. There was no
liquidation, and the desire to sell was less
pronounced than ever. Dullness under the
ctro umstances Ii both logical and desira BILE
and argues well for the stability of the
general market. The final trading was de-
voted to professional Interchange Of small
lots but the prices compared favorably
with those of the early morning In some
instances they were even better.
Today's market will probably be repeated
during the balance Of the week or during
so much OF Ii as precedes the fpfcrma tion
so universally desired.