The age-herald., 1898-07-12
In Wall Street.


 New York, July 11-Today's stock mar [ ket was not remarkable for breadth In eiiact the list as a whole showed little ac- ktlVity and very little movement. There was asdistinct tendency to heaviness in parts of. the list which might easily have been more pronounced but for the sustain ing force of the strength in special stocks. The dullness generally was the outcome of the uncertainty natural upon the eve of an important military operation Great confidence is felt iii the early reduction of Santiago, but the halt in speculation is significant of the desire for accomplished facts rather than probabilities. The effect Of the resumption of hostilities and the abandonment of peace talk had a greater influence to the minds of foreign specula- tors thah it had even in Wall street. Lon- don sold stocks here all day and the re- action in Spanish 4s in Paris, where the most accurate knowledge of Spanish gov ernmental affairs is likely to be reflected, Was even more significant. The later re- coyery in Paris in Spanish 4s was not irn- possibly associated with the conference be- tween the president and French ambassa- dor at Washington. But the New York stock was redeemed from dullness ard perhaps from positive weakness by the character of buying of special stocks and railroad bonds. The strength in the cary market was largely confined to the Nan- derbilts, and the movement in these had become specialized to Illinois Central and Omaha. Even in these two Omaha reacted sharply before the close of the day and New York Central was distinctly heavy in tone. Early in the day the tAtehison ad- justment bonds showed conspicuous strength did also the Denver and Gulf frsls. The buying was attributed to for eien account, even while London was sell ing stocks. There were very heavy in- diyidual investments in the Atchison ad- justments and there seemed to be a large overflow demand from these into the pre- ferred stock. The other southwesterns, particularly Kansas and Kansas Pacihc preferred and Missouri Pacific showed some tendency to advance in sympathy Manhattan also showed conspicuous strength but with no new stock account for it. West Chicago jumped 5 points, but reacted 3ia. Net changes generally small and mixed, being between gains and losses. There was an active demand for some of the speculative bonds at higher pricestc- tai sales $5 235 090.
 United States 5's coupon were 3sc lower and ditto registered Ac lower in the bid price.
 Money on call setady at 1G11a per cent; last load 1A per cent.
 Prime mercantile paper, Sh@4 per cent.
 Sterling exchange steady with actual business in bankers bills at S4S5AdaS6 for demand and at $4.S414@4.84$a for sixty days. Posted rates, $4.S5614.S5lA and $4S6A@fS. Commercial bills, $4.S304.s51a.
 Silver certificates, 5S1a@5ec.
 Bar silver, 5Skc.
 Mexican dollars, 45tac.
 Government bonds weak.
 State bonds dull.
 Railroad bonds strong.
 New York, July 11.-Total sales of stocks today were 2S3. 400 including Atchison preferred 43250; Louisville and Nashville, APT; Manhattan, p $50; Missouri Pacific, 1s,2sO: JJ P D. & G., 19,585; Tobacco. Ill., 655 Peoples Gas, 5000; Sugar, 147S5.