A stamp, cover or postcard that is tagged has a strip of phosphorescent ink on or beside the stamp. The phosphorescent tag can only be sign with a black-light, and is used by the postal service to help sort mail. Tagging of stamped/embossed envelopes began in late 1966, long after your U349 was manufactured (1894-1899).
The cancellation consists of a duplex cancellation. The hand-stamped duplex cancellation was composed of two parts. One part showed the town or station where the mail was processed, as well as the date, and the other portion marked the stamp as canceled, usually in a pattern of bold horizontal bars in the shape of a circle or oval. Between the two marks, level with the bottom edge of the cancellations, the year of the cancellation would appear. You cannot see this on your cover as the bottom portion of the cancellation does not show (perhaps it was not properly inked).
To learn more and see what the hand-cancel looks like, you can visit
http://www.linns.com/howto/refreshe...rcourse.aspx