Show WAITING FOR NEWS sigsbee sends a message to washington new york stock market demoralized which Is a good indication of tho neap approach of a crisis waiting for the report on the maine new york march 12 captain samp eon last sent a dispatch in cipher to the navy department bays the ha vana correspondent of the herald is stated by one who is in a position to know that the dispatch was of considerable importance and will result in developments in the near future aeed whether it meant that the report will be made next week my informant replied that it was impossible to say more than he bad he did add however that several important though not sensational developments would be made in havana boon the same gentleman cited as proof that spanish bh and american divers are working along the same lines and are in accord the tact that yesterday spanish and american biyers went together to the bottom of the harbor and brought to the surface a sack of mud from under the larger forward magazine TALE THE STOCK TELLS wall street woke up this morning with renewed apprehension regarding the situation of this country with spain the prevalent belief is that the culmination of the cuban question is at band with the pending report of the board of inquiry operators dreaded to carry open contracts over a especially in view of last sundays developments over the request for lees recall there was consequently a lively scramble on the fligor at the opening to find buyers for large offerings of stocks fey buyers could bo found and prices therefore broke violently froni 1 to 3 points in all active local transaction stocks in st paul and new york central buffered most severely early quotations from london have shown declines there for americans but these dd not exceed a fraction in any case and were attributed to the liquida flonly a millionaire operator who had been caught heavily long on american stocks the first violent dip ot the local market invited covering by the shorts and the market rallied in the first half hour un an average of about a point this recovery was only momentary and prices plunged downwards again to a lower level than on the first slump manhattan and consolidated gas lost four and lake shore pullman and metropolitan street hallway 3 points and upwards there was a fall in railroad rail roid bonds of about a guint all around US new fours lost a point and the lives one and a half there was a torrent of offerings the decline in prices progressed showing that large speculative lines still remained to be liquidated in spite of the recent heavy dec lioe there was no attempt to support prices anywhere but the liquidation bad somewhat exhausted in the first hour and the market became 1 active iab steadiness of the market on a cos bation of offerings was short lived and no important recoveries came before heavy belling was resumed and the market became quite demoralized prices dropping by wide intervals between tales st paul touched 85 northwestern and pennsylvania fell 3 points nothing escaped the slump in the closing dealings tho charts covered in eoma stocks and effected sharp ral which were not well felir toe closing was weak and unsettled near the lowest except for a few stocks and net losses ranging from one to over four points sales tor the day elarea |