The age-herald., 1898-08-13
Tn w all Street.

New York, Aug. 12.-There was some con- tinuation today of yesterdays selling to re- aliZe on the recent sustained advance i'll stocks. The bears were much more ag- gressive and sold stocks with growing con fidence as the day progressed. The ad- vantage at the close was clearly with the bear contingent but the bulls were by no (zffoe-csin-jsitb fell cY"e'portrea means routed and continued to absorb their favorite stocks which resisted the dscar- ation quite firmly, but without overcoming the general downward tendency. The ef- fleets of last nights furry in call money were still perceptibe this morning when call loans made at 2R cents. There is nothing which brings a quick response in speculative market as a stiffening in money and the buying in stocks halted this morning.
 It is expected tht the cash absorbed by the treasury on account of the goVernme mt loan will in future be left in deposit with national banks, but government deposits with these banks for some reson have not kept pace with the treasurys absorption of cash from the bond issue.
 The persistent weakness of Manhattan all day on reports of decreased earnings was a factor in their favor Prices of stocks hardened very perceptibly during the middle portion of the day. after the fears of tight money had somewhat sub sided. The bulls took hold of low priced railroad stocks and bid up Northern Pa cific over point
 The final raid in the last half hour was centered on Louisville and Nashville in connection with the statement of earnings for the first week i August, showing a de- crease of SIS, ,000.
 There was private telegram in Chi cago in circulation reporting yellow fever in Texas and Alabama. Louisville and Nashville dropped two points below last night on this onslaught. The bears eX pressed their appreciation of the Anglo Russian crisis, fearing it would result ia forced liquidation in New York for London account, although London was a buyer of stocks here early in the day. The market reacted all around, some stocks falling to the lowest, but others showing quite firm tone There was only very feeble rally, however, and the close was near the low point of the reaction Net changes very irregular, quite a number of the low priced stocks showing sharp gains.
 There was a marked falling off in the business in bonds under yielding tenden- cy of prices. The Oregon Navigation first make the second in the list of reorganza- tion fours to touch par following closely the Northern Pacific prior liens. Total sales $3,703,0 GOO.
 United States new registered and the old fours coupon declined Ii in the bid price. Total stocks sales today 409,902 shares, in- cluding S,695 Aachison preferred, 16S20 Ches- apeake and Ohio. 1892 Burlington, 9.9SO Louisville and Nashville, 20, 765 Manhattan, 4,100 Missouri Pacific, 63,718 Northern Pa cfic, 7,620 Northern Pacific preferred, 12,700 Rock Island, APO Frisco second preferred, 15,SS0 Union Pacific, 29,145 St. Paul, 5550 Southern 3,I14 Southern preferred 17,25O Union Pacific preferred, 5000 Tobacco, 4,1i0 96lep size oCea GWestern agh codrct Pin Chicago and Great Western. 2,960 Peoples Gas, 14105 Sugar, 4,720 Leather preferred, 13 299 Rubber. 4,426 Rubber preferred, 6,925 Western Union.
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 New York, Aug. 12.-3 p. m.-Money on call easier at 1k@2 per cent. last loan IF per cent
 Prime mercantile paper, SAMH per rent.
 Sterling exchange firm, with actual bus mess in bankers bills at SYMBOLISM for demand and at si.S4A for sixty days.
 Posted rates, $4S41a0$l.S5 and s4Ssd0LS61z.
 Commercial bills, S4.S3.
 Silver certificates, 53a4d 59h.
 Bar silver, 59h.
 Mexican dollars, 46
 Government bonds heavy.
 State bonds dull.
 Railroad bonds easier.