The age-herald., 1898-05-17
RIoRDAN & co.
In Wall Strear

New York, May 1.-The stock market was rather dull today and the tone was heavy throughout. Prices never got far away from the opening quotations, except in few cases. The opening was made in sympathy with London, where the heavi- ness in all departments continues on &C., count of the uneasiness occasioned by Colonial Secretary Chamberlain's pess m st view of international politics. Americans were no worse sufferers in the London mar ket than other securities. The prevailing high market make them an inviting field by liquidation. An additional incentive for London's selling of these securities is that it relieved the tension of London's unfavor- able exchange situation and the pressure upon it fof gold. There was a fair outside demand for stocks in the first hour, which don account and worked some recovery from the low point. The demand was soon satisfied, however and prices drifted for the remainder of the day not far from the low level. Net losses of numerous leading stocks are point or over. Sugar was strong after the opening decline. and easily led the list in point of activity. It was at one time per cent. lower than Saturdays close. There were one or two other special ties, notably Western Union, Rubber pre- ferred and Tennessee Coal, which were firm. Rock Island, in the railroad list, was well held and at one time reached above Saturdays close, selling on a parity with Burlington, But these were exceptions to the general tone and their strength exerted little sympathetic influence. It was evident that speculative activity is waiting on the developments of the naval strategy in the Carribean sea. There were prevalent a somewhat less sanguine expectation of speedy termination of the war based on some disappointment over the results of the bombardment at San Juan. The evasiyS- ness of the Spanish fleet was also taken as a possibility of an extended maneuvering without material result. The reported fail- ure of efforts to effect a junction with the insurgents and to deliver supplies of arms and ammunition to them was interpreted as demonstrating any decisive success in Cuba must wait on the campaign of the United States troops Sterling exchange advanced fully A of a cent, but the market was re- ported dull. The money market continued easy and accommodations on commercial paper were liberal. Bonds were dull and prices generally lower in sympathy with stocks. Total sales, S1,275,00O.
 There was decline of Ac in the United States registered fours of 1907. The bonds were otherwise unchanged.
 Total sales of stocks today 336,500 shares, including 15755 Atchison preferred, 19085 Chicago Burlington and Quincy; 140 Louis- vile and Nashville; 9.325 Manhattan; h075 Missouri Pacific; sss5 Northern Pacific; .S45 do, preferred; ,O55 Rock Island; S2- SsO St. Paul; 13,9S2 Union Pacific; 3,315 Wa bash, preferred; 5o.oi5 Tobacco; 4.74s Chi cago G. w.; 5.945 Peoples Gas; 60.945 Su- gar.
 Money on call easier 1h@2 per cent; last loan 11s per cent.
 Prime mercantile paper 5@6h per cent.
 Sterling exchange strong, with actual business in bankers bills at $4.86A@$4. S654 for demand, and at s4.S2%@$4.SS for sixty days.
 Posted rates $4.S31s@$4S.
 Commercial bills A.s11k@$4.S2.
 Silver certificates 56%@57Ac.
 Bar silver 57c.
 Mexican dollars 45c.
 Government bonds easier.
 State bonds dull.
 Railroad bonds weak
 By Private Wire to Paine. Murphy Go.