The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-22
NEW YORK STOCK MARKET DOM
MATED BY THE INFLUENCE
OF EUROPE.
IN HARMONY WITH WHEAT.
COURSE OF PRICES IN THAT RE
SPECT A DEPARTURE FORM
PRECEDENT.
GENERAL GAINS FOR RAILWAYS
Fractional for the Most Part, But
Much Greater for the CoaIers-
Bonds Firm

NEW YORK, April 21.-The European war
situation continues to largely dominate the
course Of the market for stocks, was
shown by the quick adjustment to the Lon
don parity In the quotations at the opening.
The day was without development outside
of special movements in individual stocks.
London showed a farther fractional advance
for American securities and this was prob
ably due, in part to the fact that Yesterdays
London prices were somewhat depressed by
the excessive depressions existing in New
York on Monday. Prices for Americans con-
tinued to improve in London during the day
and there was some buying for London &C
count here. The result has been that prices
here have recovered the loss sustained on
Monday and are very generally above Sat
urday's close to the extent of a varying
fraction. Trading was dull today however
outside Of some special cases, dealers having
apparently been convinced by their expert
ence of Monday, when they acted without
any foreign exchanges to take their cue FROM
and largely oversold the market on the war
news, that they did not understand much
about the Eastern question and that they
would prefer to await clearer comprehension
before buying or selling further.
The total sales for the day were less
than 100000 shares. A notable point in
the days market for stocks was that 1t
moved in harmony with the wheat market
though within narrower range. This was
contrary to the tendency hitherto shown, ever
since the beginning of the present war scare
and was, perhaps, due, in part to the in
huence of domestic crop conditions on the
wheat market. The days gains in the gen
eral railway list were confined to fractions
In the coalers some larger gains were noticed,
due in some measure to manipulation to
M Hnh h.
ports of plans for the more economical mar
ket1ng of the output. The extreme gains were:
New Jersey Central, 33s Delaware & Hud-
son, "a, and gains of point or over in other
coal stocks. In the grangers, Burlington
crossed St Paul and ruled a fraction higher
during the day. Tobacco was weak early in
the day on reports of opposition projects, but
closed with an improvement of ~ Leather
preferred was exceptionally weak, closing with
loss OF 11s Sugar gained 15s on publ shed
reports OF steps being taken to secure con-
troll of the beet sugar output. Chicago Gas
AFTER numerous fluctuations, closed with
fractional, gain.
The bond market ruled firm and higher
with lack of feature in the prominent issues
Among the inactive lines some noteworthy
variations occurred including Lehigh &
Wilkesbarre consoIs which rose < per cent
variety of issues were dealt in. The aggre-
gate sales were 1894. coo. Governments gained
slightly on purchases of $31 600.
The total sales of stocks today were lie, $40
shares, including the following: Tobacco
$500; Sugar, 26,500; Burlington 1880; Chi
cage Gas, 14100; Delaware x Hudson, 1900
L. NJ, 10000; N. Y. Central $780, Read
ing, 1860; st. Paul, 1900; Western Union
4, 400; New Jersey Central 14,1O0; silver GER
tificates $1,000.
The following were the fluctuations of the
leading railway and Industrial shares fur
nished by c. H. F. Smith G. Co., members
New York stock exchange and Chicago board
of trade: