Show WALL STREET IS TIMID War Rumors Playing the Very Hokey With Stocks LONDON A HEAVY SELLER CHINA AND THE NIGER DOM ATED CUBA QUESTION Former Promoted Pessimistic Views of British Speculation i Securities Securi-ties London Offerings Speedily Bought Up Cannons Bill I Congress Provoked Weakness New York March 7The relations between tween the United States and Spain caused apprehension In all circles In Wall street today That there were large sales of securities by the timid holders for the purpose of converting them Into actual money was doubtless true but a large portion of the selling was due to the liquidation of speculative holdings which have been strongly held through previous declines but which were thrown over today to-day to realize what they would bring There were palpable maneuvers also by the bears to force the lowest possible range of Quotations at the opening and ther offerings to force down prices and their purchases at the decline to cover made up no small portion of the das business In this connection It Is interesting Inter-esting to note that the opening sales of Burlington were reported at from WVs to Sil4 and this quotation was not corrected until the close of the market when It was cancelled with the explanation that the sales reported were of St Paul at those quotations and not of Burlington Instead of a break In Burlington of 4U at the opening that stocks extreme decline de-cline from Saturdays close was j Louisville Louis-ville weakness was at developing one time four later points In the off day Its New York Central showed a loss of 3 at the opening Otherwise the extreme declines de-clines in the railroad list were restricted between 1 and 3 points Losses In the specialties were great Metropolitan fallIng fall-Ing S points Sugar 55 and Manhattan Its The shorts were quick to cover at the decline and a rally of 1 to 3 points was almost instantaneous ATTRIBUTED TO WASHINGTON The buying to cover short contracts was attributed to Washington sources which were aggressive sellers in the latter part of last week London was a heavy seller I of stock here during the morning the i i sales for that account being estimated I at 40000 shares Londons pessimistic I view of values was as much Influenced by the threatening outlook In China and the I I I dispute In the Niger region as by the I Cuban question Local operators were cuick to decide that no damage was threatened to American securities by this complication and this encouraged the absorption of London offerings Later in f eofn l the day the introduction of Mr Cannons I bill to appropriate JJOOGOOOO for national defense and the passage of the Hawley I bill providing for two new artillery regiments regi-ments renewed the early weakness and I forced prices again to the lowest The latter break was freer from bear manipulation I manipu-lation and represented more liquidation i e lquidaton nt I than the earlier one ALMOST IGNORED I I The decision favoring the railroads in the Nebraska maximum freight rate case I was almost ignored and the news that Spain had withdrawn its request for Consul I Con-sul General Lees recall although somewhat I some-what more efficacious in rallying the market J mar-ket had but a temporary effect the other threatening aspects of the situation being be-ing regarded as more Important Money was marked up to 3 points In the early transactions an Influence In Inducing liquidation which must not be overlooked The rate eased off to 1l per cent again I before the close of the day Closing prices in stocks were considerably above the lowest but net declines in the standard shares are still from 1 to over 3 points Prices for bonds yielded almost as sharply as those of stocks but the smaller liquidation by comparison with stocks indicated greater underlying strength Total sales 3305000 U S new 4s and U S old 4s declined 1 old 4s coupon and the 5s 1 and the 2s S nor cent bid The 5s couDon sold at I 11151 MONEY MARKET Close Money on call steady at PS3 per cent last loan 3 per cent Prime mercantile paper 3j4 per cent Sterling exchange steady with actual business in bankers bills at 4Jil i for demand and at I 4sm94Sl54 for 6 days Posted rates 483 S4S514 Commercial bills 4S1 Silver certificates i5Th5 Bar silver 55U Mexican dollars 41J Government bonds wcak Sato bonds dull Railroad bonds weak SALES OF STOCKS I Total sales of stocks today were 601900 shares Including Atchison preferred 12 053 C 0 5020 Burlington 54928 L N 18250 Manhattan 27956 Metropolitan 13905 Reading preferred 3040 Missouri Pacific C225 M K T preferred 4470 N J Central 3215 N Y Central 21840 Northern Pacific 1493 Northern Pacific I preferred 25CGO Ontario I Western 3540 Reading 3943 Rock Island 19230 U P I D G 4040 Tobacco 11115 Peoples Gas 21215 Sugar 82610 Western Union I 5824 BOND QUOTATIONS U S new4s regI2 N Y Clsts16 n S new 4S N J C Ssl12 oup 11 N P ists117 U S 4s 109 N P 3s 59 U S 4s coup11 N P 4s 9 U S 2 iSli Nor West 6s12 U S5s reg11 Nwest cons11 U S 55 coupl1 Nwest debs 5s17 Can S 21dsl0 O Nay Ists13 D H G Ists10 O Nay 4s 9t D R G 4s 9 O S I 6s t rI2 HTCIs110 OSLlstr100 H T C con O Imp Istst rIOS 6s 10 O Imp 5s t r r Iowa C Istsl0 Reading 4s S K P con t rlo n G IV Ists s K P 1st Den U P IstsL ver div t rl11 U P D G La new cons 4s10 isis 5 L N U 4s 55 U P p94 10 3d IC T 2nds 59 H i rs 91 M K T 42 S g STOCK QUOTATIONS Atchison 10Rock Island S Preferred 25 dSt Paul 90 Bal Ohio 16 Prefrred 145 Can Pacific I24t So Pacific lt Ches Ohio 10 Tex Pac 9 ChI lonI5 Union Pacific 26 D L W150 U P D G g Del Hudson 10B4 Wabash 65 C B Q 7 Preferred 15 D n G 12 Adams ExIO Preferred 40 American Ex 1 Fort Vayne169 United States 40 Gt Nor pfd15 Wells Fargol5 Illinois Cent r Cob F I 19 Le ShoreT Preferred 7 Uch Centl01 Gen Electric 31 Mo Pacific 25ii Lea 30 1 K < T lOli Preferr 102 Prterred 3 Ore Imp Co 2 N J Central 91 Pullman Pall N V CentralllS SUver Cert 51 Nor West113 Standard R No Pacific 2114 T 0 Preferred 59h Sugar 124 0 It N IS Preferred 110 8 f t 20 Western i il g Pltsburg 16 R G W 2 Reading 17 Preferred 57 NEW YORK MINING STOCKS Cholar 3 Ontario 25 Crown Point 15 Ophir 40 go C Vs 75 Plymouth S Deadwood 75Quicksilver 1 110 g ro Curry lSJ Preferred 2 50 Hale Noreross 1 30 Sierra Nevada 00 Homestake 119 00 1 Standard 7 1 50 Iron Silver IIUnlon Con 50 Mexican IYelo Jacket 50 SAN FRANCISCO STOCKS San Francisco March 7Thi official closing quotations for mining stocks to dy were as follows Alta 15 Julia 1 Alpha I Con S Kentucky i AntIcs 9 Mexican Belcher 2 OccldentaJ Con 15 Best Belcher iOphlr 4J Bullion StOverman 10 b He f Challengs Con 25Potosi 1 IC INlonfa 2Savage 2 Choilar illSierra Nevada 96 g I C C 6 Con Is Crown Point 131Utah Con 9 Exchequer IY low Jacket 23 Gould Curry ISI |