The age-herald., 1898-04-10
In Wall Stree;

New York; April 9.-The operators in the stock market maintained strictly waiting attitude today.
 The extreme variation in prices reached point or over in a good many stocks and the market took on some show of anirna- tion in the first hour on the upward move ment but the purely fictitious character of this advance was demonstrated by the re- lapse in the second hour. The days net changes are hardly perceptible in many cases and show an indiscriminate mixture of gains and losses. The market was without any more significance than yester- day. Total sales of stocks were less than 100 0O0 shares The fact that the London exchange was closed left New York without initiative from that quarter. London op- orators were apparently not eager to avail themselves of the opportunity of trading on the New York exchange and orders by cable were of small amount, although they were sufficient to aid the first hours ad- vance The bank statement regard ed as unfavorable, the movement of cur rency to the interior having apparently been heavier than expected.
 Although the reserve requirement has ben reduced over $30 900 by the heavy de- crease of SIP, 1899 300, in the deposits, the sur plus reserve is decreased by only $6S4 325
 The net loss Is s. 300 and loans have been contracted $S, ,067, ,900
 In spite of the inactivity in the mar kets further gold to the amount of $75O,000 was engaged for import today.
 The bond market has been dull all this week in sympathy with stocks. Old As reg istered have advanced 1b; new As regis tered l. new As coupon % and the old As coupon and the 5s F, and the 2s have de- clined per cent. in the bid price.
 New York, April 9.-The F'inancier says: The changes in the statement of the asso- ciater banks of New York city for the week ending April 9 were heavier than usual, but despite the fact that the opera tions which brought them about were of a nature to decrease the cash in banks, the excess reserve at the end of the week stood only $6S4, ,325 lower than at the close of the previous week. The largest decrease was in the deposit item, which fell off S2, ,S99, ,9Oo Thss loss in deposits was due to the con- tinued interior movement and to the liqui- dations in loans, although the shrinkage of $SO67,9OO in this item was undoubtedly connected in part with sterling exchange transactions, by which the gold import movement is sustained. The higher rates for money have also operated to reduce the loan account, and every decrease counts since the banks are doing,syery little busi- fsess in mercantile channels. The decrease rof $3,7S4, 700 in cash was even less than OK pected, but while the receipts of gold for the current week were nearly s5,000,000. the increase was but $1, ,420.S00. The bank which is the largest importer of specie appears to have reduced its gold holdings over 40O0,- 900 and 1t deposits about s6 GOO the latter being one-half of the total loss reported by the sixty-five clearing institutions.
 The coming week will decide to great extent the future rates of money. Under present conditions the movement to the in terior will continue and the banks have been called upon for another 10 per cent of Union Pacific money now on deposit the immediate outlook is for firmer money
 On the other hand pacific solution of the Cuban crisis means an abnormally cheap money market.
 New York, April 9.-Money on call steady at 2h per cent; last loan at 21a per cent
 Prime mercantile paper, 51k@6 per cent.
 Sterling exchange steady, with actual business in bankers bills at $4.S3A@4S31s for demand and s4s0A for sixty days.
 Posted rates, $4S01s@4S1h and $iS4@4.S5.
 Commercial bills, $.79R.
 Silver certificates, 55&Q56k.
 Bar silver, 55%.
 Mexican dollars, 45.
 State bonds dull
 Railroad bonds firm.
 Government bonds firm.