The age-herald., 1898-02-24
In Wall Streer.

NeW fOfk, rep. z3.-IOuayS s further ue- cline in stocks undoubtedly reflected a condition of real apprehension in the minds of holders of securities as to developments in the Cuban question.
 Commission house orders to sell were in large volume at the opening and these soon swept away the advances over Mon- days level which had been elaborately ar ranged by the use of the cable to establish higher range of prices in London over the holiday.
 There was a professional buying here at the opening designed to the same end, but not even the first quotations were up to the London parity.
 Gains were speedily wiped out by the slump which followed the abandonment Of the professional attempt to sustain prices. Uncovering of margins and selling orders to stop losses brought a flood of stocks on the market. Sugar led the break with the decline of over 2 points after a rise Of a point and fuctuated feverishly all day, closing near the lowest at an extra decline of over 3 points. The local spectators were also centers of weakness, Metropoli- tan losing points and Manhattan about g.. Great Northern preferred dropped on ' points. The weakness of the morning was in spite of a large buying in this market. Volume of this buying ran as high as 60 900 shares of stock. The London market and the Continental exchanges showed an improved tone of the subsistence Of appre-
  tion, but there was a significant decline in London and Paris in the Spanish fours, the closing price in London showing loss og 5-S as compared with Mondays closing.
 The weakness in the stocks which were the fayorites in the London buying was of fered till atler in the day, but they ulti- mately uceumbed along with the rest of the list. In fact the weakness Of these stocks in the afternoon after the Susta1n- ing force of London buying had been with drawn, contributed to the final break In the market. The days net losses exceeded 2 poipts in only few of standard stocks, but were over points in some of the spec ialties.
 The outlook in the money market is not such as to encourage speculation. cal loans were made at per cent today. cur rency continues to move to the interior, and the subtreasury had a credit balance at the clearing house today of sl,772,5l6, re- fect;ng the withdrawal of another ID per cent instalment of the government oe- nosit of the Union Pacific payment.
 Standard Oil liquidating certificates are not dealt in on the exchange, but in the outside market today they soio al oso' 'S against 390 at the opening.
 Before the recent 10 per cent diVioeho distribution 1t sold at 44S
 Bonds were weak in sympathy with stocks. especially in the speculative Issues. There were heavy dealings in the Union Pacific fours Total sales, $4,21500O. Gov prnrnent bonds were decidedly weak. I1nited States new fours registered de- clined %. coupon F and the old fours reg istered. the fives and the twos A bid.
 Total sales of stocks today were 5zI ,loo shares. including: Atchison, s.sl0; Atch- ison preferred, 10,250; Canada southern s.1e5: Chesapeake and Ohio, 6.245; Burnng- ion. 27l1s; Louisville and Nashville, iS,- s60: Manhattan, 29,161; Metropolitan. o.oW' Reading preferred, 6,630; Missouri Pacinc. g.seO: New Jersey Central, 55So; New forK Central 1ss 020sssNorthern Pacific. 9,5D; Northern Pacific freferred, S1,52s; Reading, i 8,92O; Rock Island, .s1o. .S24; St Paui. 44,ozo' Southern preferred, 1925; Union Pacihc' IA 5O6: Wabash preferred, 3,250: Topacco, e451. Consolidated Gas. 3,9l4; General Eiectric. 3.47o; Pullman. 3,o55; Sugar, 7z.os5; western Union, 1l.720
 Money on call easy at 1hq2 per cent; fast loan, 1% per cent .. .t
 Prime mercantile paper, S@4 per cent.
 Sterling exchange easy, with actual busi- ness in bankers bills at $4.S3% for demand and at s4S3614SsA for sixty days
 Posted rates $484 and $4.S61s.
 Commercial bills. H6
 silver certificates, 551kq56h.
 Bar silver, 55h. F
 Mexican dollars, 45s.
 Government bonds weak
 State bonds dull.
 Railroad bonds weak.