New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-02-17

~, lower =. "a nertInent 10 remark that the
activity of operators for the decline was ex-
.rennely offensive in the circumstances and that
A. heir anxiety TO snatch profits they showed
an excessive and disgusting lack OF Ieelns over
.he frightful disaster that overlook the battie-
chin Maine and its men. Despite the Nclcusness
20 his erasping speculative element prices were
NOT riddled in the manner which this element
hoped for. 80 ....,o.,o..
,snscting future relations between Spain and
ne United States induced heavy selling through
ant the list but prices In lew cases only sold
sovn more than IA per cent. while in many
,.etances the losses were not above ] per cent.
~ he afternoon. when all sorts % disqueiing
runors regarding the origin Of he explosion on
- Maine were circulated. the decline
,e-e and subsequent recoverieS were insisnih-
cant ale. -,, hoo, e,,u % vroau marginal
,rnfs losses would have been more serious.
market such as that Of this time a year
70 Incidents like the recent Cuban develop
menus and the sinking q the Maine would cause
= manic Many people are surprised that the
current market has shown so little weakness
rer the varying developments IN Spain Cuba
snd Washington. and at the close to-day COM
r,ert shows that the majority ~ Observers are
.e~ced ~ TIE conclusion that the present mar
Re, In view II the Cuban situation. is the
s,roneest ever known in the history of Wall
c+rset How long large financial interests will
.rnnort prices is not easily answered. but II can
te recorded certainty that leading men in
Wal street do not want panic. Unless future
ssvel0pments in the Cuban situation become
.r,.o there 0ucht not 10 be further serious de-
cl,r4s IN securities values. Holders Of prime in
vSstn,ent stocks and bonds would better put a
tight grip on their possessions and cease to
,rorrv There is no war.
Ruvirr on the decline was good. and in some
cases bold commission house customers who
bave been waiting for a slump. were heavy
,~rohasers Of the dividend-pa issues. Peo-
- Who can buy stocks outright sent in many
,rders bur the marginal traders We're heavy
sellers Opening prices were fractonally lower
"a subsequently, stronger tendency devel-
crsd but before the noon hour heavy selling
80, and while several rallies followed. last
aviation. were not much above the poorest OF
-. .o,. London prices for the first time IN over
week came In lower. the dispatches from the
80 si6. indicating considerable uneasihess on
~ London Exchange over the possible conse-
ouerces # the Maine calamity. Brokers mere
svrent those who want lower values al any
r~ice did cormendable work in allaylng alarm
among their customers ana u was plondoA
C,rf~c 10 This fact and 70 the strong position IF
ire market that general liquidation by outsiders
80. nrayeufrd News which on ordinary DAYS
would affect prices fayorahly was without in
eusnce The increase Of = per cent in Bur
;'ngfon's quarterly dividend and the sale Of
The Kansas Pacific Railroad 70 the Union Pa
clfc Reorga nization Committee went unnotced.
oregon short Line and oregon Railroad and
Nsvigauou preferred were exceptions 10 the
general decline an advance OF points TN the
first named following heavy purchases sad 10
h for Union Pacific interests. Elsewhere losses
in the active stocks ranging from J 20 2i2 per
cent we're made with heavier declines In some
o. The issues which have recently been filed
win speculative wind as Metropolitan Street
RAILWAY which declined over points and
closed a. a net loss OF ner cent Some Of the
more important losses were in Manhattan, which
lost - per cent? Newly ork Central. per cent
Northern Pacinc preferred. ~ per cent; North
:rest ~, per cent Peoples Gas. 2ls per cent;
pullman Palace Car. s per cent; St Paul, IL.
per cent Rock Island. J per cent Union Pa
ciac preferred. =. per cent sugar Re!ning,
y per cent: Burlington. liz per cent. Canada
Southern per cent: Consolidated Gas. Is per
cent; Erie first preferred per cent. and Cen
eral Electric. rs per cent. Lake Shore ad
vanced > per cent London sold about 1000
shares The close was unsettled Total sales
IN all issues were 333.331 shares. against 334.-
.91 Yesterday.
Last prices for the principal active stocks
compare wiki yesterdays final quotations as
follows