The age-herald., 1898-03-23
In Wall Street.

New York, March 22.-Offerings to sell were not heavy in today's stock market except in few stocks, and intermittently but the buying demand was at so low an ebb that even the desultory offerings that were dribbed upon the market drove prices downward almost continuously. The result is seen in net losses of between two and three points in a great many of the stand ard railroad stocks and leading industrial specalties and of over three points in the local traction specialties. During the morn ing session there were evidences of an at tempt to support prices in a few stocks due to the efforts of large operator re- gently returned to the street. There was also extensive covering by another of the largest operators in the street, who re- gently became persistent seller.
 Apparently the burst of animation in the final hour was due to considerable short selling, as there was @ tendency to rally on covering just before the close, but this rally was so feeble that the covering move ment was given over and prices fell away to about the lowest a the close. The great bulk of the dealings was in the grangers Union Pacific preferred, Sugar and the local traction stocks
 he'railroad stocks were affected by the reports of the blizzard in the west. Sugar continued depressed in the belief that the company was on the verge of a war for for supremacy in the trade The local trac- tion stocks were affected by threatened complications growing out of the proposed rapid transit project. But, while these spe- cial causes had an appreciable influence, the shadow on the market was the develop ment of the governments Cuban policy, in which all circles feel certain a crisis is now imminent. Evidently no one wants to buy stocks until this question is settled. Another feature of the day was a further announcement of gold engaged for import and a concurrent easing off in exchange rates It was felt yesterday that the gold gold movement had probably come to an end for the present, and this was believed to be due to a prospect of easier money rates, and it was looked upon with favor by the speculative contingent. According to this ring, the resumption today or the gold movement might be regarded as an unfavorable factor, though the further in Aux of gold must be for easier money, even though it is not the index that easy condi- tions have already arrived.
 The dullness n the bond market was even more pronounced than that in stocks, but the losses were comparatively small. Total sales $1,073,000
 United States neg fours were hc, old fours coupon Ac higher each, and 21ac lower, bid.
 Madrid, March 22-Spanish fours closed 766G against 76.55 yesterday.
 ]. Total sales of stocks today $500 shares, Including: Burlington, 29,225; Louisville and Nashville, 7,190; Manhattan, H65O; Metropolitan, 9;S4O; Rock Island, S,510; St. Paul, 1,464; Union Pacific, 1S,925; Tobacco, 17eSS; Peoples Gas, 4,2S0 Sugar, 6O,960.
 Money on call easy, 11aq2 per cent; last loanf 26 per cent; prime mercantile paper, .41b6l5h per cent; sterling exchange easier, with actual business in bankers bills. at AS4@4 S41s for demand and at 4S1AQ4Slss for sixty days; posted rates, $4s2Q4.S S2la and s4S504. .S51h; commercial bills s4.SO14Q4.S 4.SGA; silver certificates, 56@5611c; bar silver, 55a4c; Mexican dollars, 45c
 Government bonds irregular.
 State bonds dull.
 Railroad bonds weak.