Daily Kennebec journal., 1897-04-27
MARKET REPORTS.
NEW York MARKET.
Tho Features Of the Days Dealings In All
tho Leading Stocks.

New York, April 2G.--There was moi
much animation to the stock market, to-
day. Prices advanced practically with
out interruption all day and the tone
was strong on the belief that the wal
between Turkey and Greece is near its
end. Prices of Americans advanced III
London, and London also bought some
stocks on the local exchange. This All
went to encourage buyers.
The news OF the engagement or $l.oW'
900 OF gold for shipment to Europe. E1,-
600 600 from New York and $5vJVO0 from
Boston,, was disregarded entirely In the
stock market, in striking contrast 10 tne
commotion caused among STOCKS at IN.
time OF the preceding outgoing goiu
movement, when report of $20OO
would often send the market off an nv-
erage Of point. 1t is generally accepted
that the present shipment Is due TO inc
special pressing demand from Japan ana
Austria for currency purposes. rms
special demand has created a practical
premium on gold in London. without
this premium the present rates OF ex-
change would not leave a sufficient mar
gin of profit in gold shipments to DE
worth while. The profit Is, In fact, very
small as 1t Is.
ance in favor of this country. amount
ing to over $500 900 600, the continuing ex-
cess of exports over imports ana the
Frightening prospects for American sccu-
rifles i'm foreign markets largely apates
the uneasiness regarding the exchange
situation due to heavy imports. some
selling of American securities mere Tor
foreign account. and the heavy credits
carried by the outgoing tide OF American
tourists to Europe. ooo
A treasury gold reserve OF slao
and an abundant supply In the reserve
funds of banks leaves no room for anx-
iety on account of the currency situation,
even II the exports of gold should become
quite heavy which is thought to be pos
sible.
The only decline of Importance during
the day was that In Sugar. The stock
opened off 2h. but rallied on good buy
ing and regaincd lA before the close.
Burlington Il st. Paul absorbed large
share of attention and advanced stcaT'y.
St Paul In addition had the March state
ment of earnings. showing n decrease in
the net of sloi. .42s to contend with, but
led in the improvement, closing n above
Burlington. The international showed
gains. The same was true OF the SOUTH
westerns. which generally enjoyed n
showing of increased earrings for the
third week I'm April. The Improvement
in the Changers extended as high as rs
in Omaha. OF the industrials. Lead.
Leather pfd.. Chicago Gas, Tobacco, Ten
nessee Coal and Iron, and American
Spirits pfd. gained from ! TO points,
Gains running from IL TO ia were shown
In Erie first pfd., Louisville x Nashville,
Missouri Pacific and Northern Pacific
pfd. In opposition to the general mar
ket. Laclede Gas pfd. lost 3 and Con-
solidated Gas /. Western Union also de-
clined u at one time but subsequently
recovered.
The transactions in speculative bonds
were marked by decided strength, with
the international lines leading In the i'm
provement. but business. however. was
very light. the aggregate sales footing
up only 100000.
Governments ruled firm during the
early session. but in the last call cor
cessions were noted from the best prices.
The sales were s10.pyn