The age-herald., 1898-10-11
In WnlI Street.

New York, October 10.-The room traders on the Stock Exchange turned bears again today and sold stocks all through the list. Outside of a few cases they did not meet with much success n securing following, but in number of high-priced specialties and-late in the day-in some of the rail- roads, the declining market did induce some liquidation. Ths was notably the case in Northern Pacific, which fell in the last hour to SS1s, a loss of 1& and closed heavy in tone. Offerings of this stock were very large, and the price movement revived ru- mors of irreconcilabe differences between the two powerful financial interests in the property. The large German holding of this stock made it 'arly susceptible to the efforts of money stringency in Berlin, in- dicated in the rise in the Imperial bank rate today to per cent. The same factor af- fected other railroad stocks also. In fact, the influence of all foreign markets was on the side of the bears. The relations be- tween Great Britain and France disclosed by the publication of the Fashoda Blue Book caused sufficient apprehension to pro- duce a decline of 3s in British consols and to unsettle all the European markets. The continued uneasness in France over domes- tic politics and the possibility of the failure of the peace commission to agree upon terms were also on the side of the bears. There some alarm over the spread of yellow fever in the south, from which Hi nois Central was the most severe sufferer, with a loss of 112 per cent. Losses in the Grangers reached a point, except in St. Paul, which resisted the decline The prin- cipal activity of the market however, continued to center in the Industrial group, and Sugar fell easily to 110 With no visible support. The offerings on the decline were very large. Peoples Gas, Rubber stocks, Leather preferred, Manhattan, Metropoli- tan Street Railway and New York Air kfx,nsN ntH CT during the day to the extent of from one to 71s points. Tobacco was a prominent feature but ruled above Saturdays level the greater part of the day on the acquisi- tion of a large plug tobacco interest. The price advanced at one time over 3 DO nts, but the stock closed unchanged. Lake Erie and Western common and preferred fell at one time 3A and 11s per cent respectively. The preferred rallied nearly points. There . Twas no news to account for the decline A N-s of 8 points in Oregon Navigation pre- \ fred was also. unexplained. There was no reflection in the stock market of the ac- tive foreign demand for wheat for export or of the evidences of the expanding busi- ness of the country in the increased de- mands from the west for money. The transfers of currency at the sub-treasury for shipment to the west amounted to $Sl0,- 000 Conditions in the money market con- tinued easy.
 Bonds weakened late in the day in sym pathy with stocks Wisconsin Central firsts lost an extreme 2A and Oregon Shortline Income bs lost 11a per cent. Total sales, $2445, ,O00 U s. old fs coupon and 5's ad- vanced A per cent and the new As regis tered and the 3s registered 1sd bid price.
 Money on call was steady at 21a per cent; prime mercantile paper, 3k@4 per cent. Sterling exchange was easier, with actual business in bankers bills at 4.S414.S4A for demand and at 4S1Kd4.S1a4 for sixty days; posted rates 4.S21A@4.s5; commercial bills, 4S164.S1K.
 Silver cert ficates. 6Ods1; bar silver, 60 9-16; Mexican dollars, 47c. Government bonds frmer; state bonds steady; railroad bonds heavy.
 ro.. I,,i.rnto HNira tn Paina MurnhY & Co.