The age-herald., 1899-04-07
PRICE IN STOCKS
 UNDERWENT SLUMP Renewal of Stringency in Call
 Money Market. ACTIVE ISSUE OFFERINGS In the Bond Market Were Heavy, Co- Incident With the Heavy Decline
 in Stocks-Total Sales
 Were $2,79oooo.
ACTIVE ISSUE OFFERINGS

New York, April 6.-stock prices slumped badly today and closed active and weak = about the lowest.
 Crop advices were unfavorable and these Were given color by the advances in wheat, but the principal cause for the shaking of confidence was renewal of strlngency in the call money market. Discrimination in loans in certain industrials and specialties made some brokers dsinclined to carry marginal accounts for some of these prop. erties This attitude was taken advantage of by the bear contingent, and promsou- ous selling of the general speciality group -oliowed.
 Among the more conspicuous extreme zreaks were Brooklyn Transit 10; Metro 1olitan, SA; Manhattan, 792; Consolidated as and American Steel, each; Federal Steel and Tobacco, about each and many others in this group from 3 to 1. some of these stocks closed above the lowest, Brooklyn Transit, Manhattan and Conson. dated Gas 5eIng conspicuous. The declines in the more active railways approxima,ed points,
 The acknowledged bull leaders, presum- ably having hqudated, seemed apathetla ih stemmiag the downward course of prop- critics with which they are identified There were occasional rallies, apparently aniy to afford new level from which to let go stocks. The recent continued advance n n.any stocks which eliminated much of the short interest made the decline rap.d, there was no support from this quarter. Many stop loss orders were uncovered thus accommodating the decline. London early purchased about as mucn as it sold yesterday, but the market there followed local quotations so nearly that a-bilrage business ceased. There was much money borrowed earIy on call around and p sr cent. on railways, but per cent. or more Ill addition was eXacted on industrial CO lateral, and F per cent for call loans was reached at times during the day. Before the close money was offered down from to per cent, and on railroad collateral after the more urgent requirements for money had been met, but later loans were made al per cent
 The continued high. rates for money have not brought much money from outside points as expected. Boston, however, loaned some money in New York today The de- m2nd for money for interest and dividend payment, together with the recurrent ne cessity of financing industrial companies, Were assigned as the reason for the present scarcity of funds.
 Heavy offerings of the active issues wele made in the bond market today coilcident with the decline in stocks Total sales $2, 790,000.
 United States 5s advanced 4 and the 3s and the new Is Is in the bid price.
 Total sales today were 970,G00 shares, in- cluding 36,S40 Atchison preferred; 40 ,665 Bur lington; 1915 Louisville and Nashville; 49,- $50 Manhattan; 1S,O6O Mexican Central; 14,- 36O Reading first preferred; T,770 Missouri Pacific; 3,770 Missouri, Kansas and Texas preferred Il 360 New York Central; 9S55 Northern Pacific; 12,260 Rock Island; 21 755 Union Pacific 20 165 St. Paul; 4,750 South ern Railway; 7,54 do preferred H. 390 Wabash preferred 5S,40O American Steel and Wire; 4,50O do preferred; 4,270 Tobacco 7214 Federal Steel; 19,553 do preferred; 23,- 150 Peoples Gas; 119,4S1 Brooklyn Transit; 1885 Continental Tobacco; 20 105 Sugar; 13,- SS5 Tennessee Coal and Iron; 21, ,S90 Leather preferred 12,470 Rubber; ,34S Western Union.
 Money on call firm, at 3@12 per cent last loan, , per cent.
 Prime mercantile paper, 315@4A per cent Sterling exchange, steady, with actual business in bankers bills $4.S6AQ$4S61A for demand and at $4.S414@$4.S41a for sixty days.
 Posted rates, $4.S5@$4.S5k and s4.S71a@ s4S71s.
 Commercial bills $4SS1a@$4S9ai.
 Silver certificates, 60d60la.
 Bar silver, 499s.
 Mexican dollars, 471s.
 Government bonds, strong.
 State bonds, easier.
 Railroad bonds weak.