The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-02-24

New York, Feb 23-Today's further de-
cline in stocks undoubtedly reflected a
minds of holders of securities as TO the
developments in the Cuban question. COM
mission house orders 10 sell were IN iarse
volume even at the opening ana snese
soon swept away the advances over Mon
days level, which had been eiaborately
arranged by the use of the cable 10
establish higher range of prices IN Lon
don over the holiday. There was proIes-
sional buying here at the opening, de-
signed for the same end. but not even
the first quotations were up to the Lon
don parity Gains were speedily wlpsu
abandonment of the professional attempt
to sustain prices The uncover1ng OF
margins and selling orders to stop losses
brought q flood of stocks on the market.
Sugar led the break with a decline of
over points after a rise of a point and
fluctuated feverishly all day. closing near
the lowest at an extreme decline or over
points. The local specialities were also
centers of weakness Metropolitan street
Railway losing points. Great Northern
preferred dropped off points.
LARGE LONDON BUYING.
The weakness of the morning was in
spite OF large buying in the market 1or
London account. Estimates OF the volume
of this buying ran as high as oO,OV0
shares of stock. The London market and
the continental exchanges showed an
improved tone on the subsistence OF APP
prehension regarding the west African
situation. but there was slgnlncaht uS
cline in London and Paris in the Spanish
As the closing price in London showing
a loss of IS as compared with Monday
closing The weakness IN tne sIoSAs
buying was deferred until later IN the
day but they ultimately succumbed
along with the rest of the list In Iact
the weakness of these stocks in the after
noon after the sustaining force of the
London buying had been withdrawn con-
tributed to the final break in the market
The days net losses exceeded points IN
only a few of the standard stocks, but
were over points in some of the special
OUTLOOK FOR MONEY.
The outlook in the money market is not
such as to encourage speculation CAN
loans were made at per cent today Cur
rency Continues to move to the interior
and the sub-treaSury had creclt pal
ance at the clearing house today or Sl,-
~. SIG rejecting the withdrawal OF an
other 10 per cent installment on the GOV
eminent deposits of the Union PACING
Bonds were weak in sympathy with
stocks, especially IL the speculaiulve Is IS
the Union Pacific As. Total sales, S4'ZI9'-
900.
Government bonds were weak. U. S As
reg. declined q; U. S. As coupon y and the
old is reg, the IS and the ends 4 bid
MONEY MARKET.
Close: Money on call easy, 112a2 per
cent; last loan Ia. Prime mercantile pa
per Sq4 per cent Sterling exchange ne;
easier. actual business in bankers billS
1855; for demand and 4.s3q4SS@8 for 60
days; posted rates, 4S4ll4.s6l2 commercial
bills. 4s2. Silver certificates, 501zG0
Bar silver, 551z. Mexican dollars, 4o1s,
Government bonds weak. state bonds
dull; railroads weak
SALES OF STOCKS.
Total sales of stocks today. 527, 200
shares. including: Atchison. 1910; Atchi-
son preferred, 10. go; Canadian Southern.
5.l65: c. & o.. 6.4S5; c. Is. & O., N,11S; L.
& N. L. SEQ: Manhattan. 29l61; Metropoh-
tan, $3.50. Reading preferred. $3.50; Mis-
souri, Pacific. $50; n. J. c., 1850; n Y
g. 1920; Northern Pacific. SGD; North
ern Pacific preferred. 81, 729; Reading. B.
$50; Rock Island. 1o,S24; St Paul, 44s2S;
IA $50: Wabash preferred $3.50; Tobacco,
6,451; Chicago c, W, $3.50; Peoples Gas;
$3.50; Consolidated Gas. 39l4; General
0S5; Western Union. 1,720.