The age-herald., 1899-06-22
TRANSACTIONS IN
 STOCKS SMALL Market Semi-Stagnant, Showing
 Small Losses. DEALINGS IN BONDS SMALL But Prices Were We'll Held-Total Sales at Par Value Amounted to $1,795, 900 United States Old
 Fours Declined.
DEALINGS IN BONDS SMALL

New York, June A.-Transactons in stocks were of paltry proportions, but this did not preclude some pretty wide move ments of prices In fact, the lethargy of the speculation left the market vulnerable at any point where genuine liquidation was thrown upon it.
 Such liquidation was undoubtedly made in all of the Tobacco stocks. American Tobacco suffered most severely, the ex- treme decline being SIS. Continental To- bacco dropped an extreme points and the preferred 3. Very heavy blocks of all three stocks, running from 1000 to o,GOO shares, changed hands in the course of the decline or the hesitating rebound The break in these stocks was due to the ru- mors which have been persistent for sev- eral days of dissentions in the directory on a likelihood of a division of resources and possibly destructive competition.
 Coming on top of the experience of the last few days in the steel stocks today events added largely to the sentiment of disfaVor held towards a large number of industrial stocks The steel stocks them selves were pretty firm on account of the official assurance that the money for the preferred dividend Federal Steel had been set aside before the declaration of the dividend on the common and also be- cause Of the prevalent idea that Steel and Wire is soon to be listed in the regular listed department of the stock exchange, which would necessitate detailed state- ment of firmness and earnings.
 The announcement of a great combtna- nation of existing spirits and distlling companies was accompanied by rather striking fall in the constituent companies, American Spirits dropping over points, the preferred 11a and Standard Distilling preferred point, notwithstanding the al turing assurance that the new combina- tion involves a decrease of the capitaiza- ton outstanding for the constituent com panies. Baltimore and Ohio stocks drop- ped off 8 and 23s respectively for the common and preferred on the continued large decrease in earnings shown by the returns.
 There was a rather notable advance in the Morgan group a one time, including St. Louis; Chicago, Indianapolis and Louisville preferred Hooking Valley preferred, and Chesapeake and Ohio. This was followed by an upward movement in the Wander bilts, including Northwestern, St. Paul and Omaha the New York, Chicago and St. Louis stocks and New York Central. These gains were not well held Pittsburg, Gin cinnati, Chicago and St. Louis dipped rs points on very small dealings. American Car stocks and American Smelling prefer red showed good gains The market was semi-stagnant, but as a rule showed small losses.
 Dealings in bonds were small, but prices were well held. Total sales, par value, $1,- 795, 900.
 United States old As registered declined F, and the new As and the os in the in- terest bid price.
 Money on call, steady at 2Q21a per cent; last loan, 21a.
 Prime mercantile paper, 3a3% per cent.
 Sterling exchange, steady, with actual business in bankers bills, at S4.SSa4.SSA for demand and 4.S5%@4.S6 for sixty days; post ed rates, $4S61ad4S7 and $4S9
 Commercial bills, $4S5G4.S512.
 Silver certificates, 601aq62 bar silver, 601a; Mexican dollars, 4S12.
 Government bonds weak; state bonds in- active; railroad bonds, firm.