The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-18
IN Some Cases the Decline Exceeded
Four Per Cent.
THREE POTENT CAUSES
PRINCIPAL BEING THE FORTH.
COMING MAINE REPORT.
Pacific Roads Wrangle and Washing
ton Trading Furnished the Other
Influences For Sagging Market
-Uneasiness Over Cuban Cues
ton Not Shared In Foreign Marts

| New York. March 17.-There was COM
plete reversal of sentiment on the stock
exchange today compared with that OF
| the earlier part of the week, and prices
saggd almost continuously. The losses
/ averaged nearly per cent in the stand
ard shares and were more pronounced in
| the sDecialties. wherein one case the de-
/ cline exceeded per cent. Trading was
/ dominated by the announced completion
/ of the Maine board of inquiry report the
| failure of the Pacific roads to reach an
/ amicab BILE agreement upon passenger rates
and the heavy selling by houses with
/ Washington connections. A favorable
i factor which had little influence was the
continued influx of gold The present
movement. including today's engagements
OF s.. 300. 900 and the s., 500. 600 en- route from
Australia, is in excess of $SO,OOO,OO0- The
continued ease of money likewise attract
ed little attention
NO UNEASINESS THERE.
The resumption of uneasiness as to the
general Cuban situation seemed not to be
shared on the foreign bourses. where the
Spanish As advanced, although this may
have been due to the announcement that
the interest payments which had been IN
doubt, would be made. The bears Offered
round amounts of the grangers. Sugar
Manhattan, Metropolitan Street Railway
and other securities. The absence OF sup
port by leading operators was readily
perceived by the advocates of lower val
ues. and utilized to the fullest extent.
LONDON was rather dDdIneCC anu early
prices afforded little couragement to
either party. being slightly mixed Subse-
quent cables reported the London eX-
change closing exceedingly weak in re-
sDonse to this side. Sugar absorbed the
bulk of the traders attention during the
day at receding prices. The net losses of
two points and over are as follows: Me-
tropolitan Street Railway. AZ; Sugar .S2s;
Consolidated Gas. 21a: Tobacco, 212; Man
haitian. "a; Pullman. "a
BOND OPERATIONS.
Operations in bonds showed a further
contraction in dealings, the aggregate
reaching S1.500,000. The tendency of the
market was downward throughout and.
as probable. the case of a late large pre-
few of the speculative lines. Quotations
for government issues indicated losses of
2h per cent in the issues of 1925 and Il
per cent in the As. registered, of 1907.
MONEY MARKET.
Money on call was easy at 112a2 per
cent; last loan. per cent: prime mercan-
tile paper. 4l2G5l5 per cent; sterling ex-
change steady, with actual business in
bankers bills at 4-SSAG4S4 for demand,
and at 4.S0$4 G4.s1 for so days; posted rates,
4.S11@a4.S3 and 4SilsG4.S512; commercial
bills. 4S012.
Silver certificates. 55A: bar silver. 547s;
Mexican dollars, 44%.
Government bonds weak: state bonds
steady; railroad bonds weak.
SALES OF STOCKS.
Total sales of stocks S1s, 100 shares. in
Manhattan. 2s756 Metropolitan, $3.50;
Missouri Pacific. 4.1S0; NJ. X. & T. pre-
ferred, 4s60: n. Y. Central, 1876: Northern
Pacific 4.915: Northern Pacific preferred.
14.443; Rock Island. 1889; St. Paul. 23,735;
Tobacco. 5000; Sugar 645s5
III