The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-04-13
In Wall Street.

New York, April 12.-The days stock mar
ket was listless and the movement of prices
exceedingly sluggish. AS heaViness was the
prevailing tone, however, and the net re-
suits are in nearly all cases losses, it is
evident that the prevailing sentiment in
Wall street was not hopeful. Doubt and
uncertainty prevailed in all quarters, and
reports from foreign bourses indicated the
same uncertain feeling in every market of
the world as to the outcome of the contro-
versy between the United States and Spain.
If transactions in a few speculative lead
ers were taken out of today's markets the
dimensions of trading would appear almost
ludicrously small. Even such speculative
favorites as the grangers showed compar-
alive apathy. There was lively movement
in Tobacco, which carried the price up
nearly points, the motive being the re-
ported sttlement of the controversy in trade
over the plug tobacco business. The ad-
vance in the price was also said to be d.
rected against an outstanding short inter-
est. There was large buying of the COM
pany's scrip also and a resulting rise of
per cent. in its prices. Rubber preferred
was lifted points on very limited trans
actions. In the railroad list Northwest was
the only prominent stock which showed
GAIN although Rock Island was at one
time a shade above yesterdays close. TIL
declines in Americans in London below the
New York parity, which resulted from the
early trading, were a disappointment to
those who bought stocks in New York yes
terday. Opening prices here, however, were
not as low as the London parity, and there
was selling in consequence for arbitrage
accounts. The market showed a slight de-
gree of animation in the first hour on buy
ing, attributed to Washington account. The
theory was that difference in opinions
would beget delay and that delay added to
the chances of peaceful settlement The
volume of the buying was not pressing ana
1t had ceased before noon. For the rest
of the day the market was lifeless and the
last sales were for the most part at the
lowest of the day. Speculation awaits the
formulation by congress of its intentions
on the Cuban question. Both the money
and exchange markets were dull and STEADY
today at the recent level but about $leoo.-
900 additional gold was engaged for import.
The movement OF currency 10 the ihteiioi
was undated.
The bond market was intensely dull ana
showed slight recoveries in some cases from
early weakness Total sales, 100000. United
States new tours advanced Il pn the bid
price.
government bonds otherwise were I'M
changed.
New York, April 12-The Evening Posts
London financial cablegram:
The stock markets here were stagnant TO-
day, business being scarcely resumed after
the holadeyS, Such speculative poS1tioH
as existed had been adjusted previous to
the Easter holidays and there was no in
clination to reopen commitments pending
developments.
The apparent reason why prices here
were slightly under those at New York is
that there are no bear accounts here,
whereas it is believed one exists In New
York. Americans were sold little from
thei continent Brazils were fiat on fur-
ther fall on exchanges.
ii Investment stocks are still raining on
dearer money. The settlement to begin
tomorrow is likely to show a very small
account but contangoes may be high be-
cause of the rise in money. So
NewsYorlk, April 12.-Total sales of stocks
today 21070O shares, including: Chicago,
Burlington and Quincy, 14,170; Louisville
and Nashville 6,2l0; Manhattan, 1875;
Northern Pacific preferred, 1850; st. Paul,
14,575; Union Pacific, 1855; Tobacco, 55,5s4;;
Sugar, 1906.
Money on call firm, 21a@3h per cent; last
loan, az per cent.
Prime mercantile paper, 51a46 per cent.
Sterling exchange steady, with actual
business in bankers bills at $4.S3A@4SS1s
for demand and at $4.S0q4S0A for sixty
days. ,a.o,,,
Posted rates, s4.S01k@4S1 and $4.S4G4.S41a.
Commercial bills, $4.79@4 791s
Silver certificates, 55%@561ac.
Bar silver, 557sc.
Mexican dollars, 45Ac.
Government bonds strong
State bonds dull.