The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-23
SORBED BY JERSEY AND WEST
ERN UNION.
BELOW THE LONDON PARITY.
AND BUSINESS WAS ALMOST
STAGNANT.
CoALERs' STRENGTH AGGRESSIVE.
For the General List the Close Was
Weak With Losses of a
Fraction.

NEW YORK, April 22.-only two socks were
dealt in today to the extent Of 1O,O 900 shares
New Jersey Central and Western Union. The
stock exchange seemed to have lost faith
in London's superior knowledge of the value
of American securities, which it was so ready
to acknowledge yesterday after It's costly ex-
perience in giving way too far to timidity on
Monday. New York prices refused to con-
form to London quotations, which had risen
after the London opening to above the New
York closing. The New York price, on the
contrary, obstinately persisted in lower level
than the parity with London. Prices sagged
all day and business was almost stagnant
The market was left entirely to the traders.
The reports and opinions regarding the war
were very conflicting today. There is a
general disposition to buy, the belief in
the success of the Turks, on the ground that
Turkish victory would lead to the Intervention
Of the powers and the speedy ending of the
war.
The money market continues in lethargic
condition and money brokers find new bust
ness practically existent thus rejecting
the general dullness of all business. The
same state of things is reported from other
centers and confirms the dealers in shares
in their attitude of inactivity. The only
feature Of any interest in the days market
was the movement in the coalers, which had
an appearance of aggressive strength. The
loan rate for the stocks indicated that the
demand came from the short interest who
were the victims Of some professional man
euVerlng The movements were somewhat err
ratio, New Jersey ranging over 25s points,
and closing with a net gain Of 1A. Della
ware 4 Hudson and Lakawanna moved in
sympathy, the former closing unchanged and
the latter with a net loss. Western Union
was weak on published reports of an i'm
proved method of telegraphy and on rumors
of decreased earnings, and suffered a net
loss of 11a. Union Pacific was in good demand
and gained y on the Gay, closing at 50. The
American Spirits shares developed weakness
in the closing dealings, the common stock los
ing rs and the preferred 2 per cent. Move
ments otherwise were narrow and without in
terest. The cos ng weak with general
decline of a fraction.
The railway bond market ruled quiet, but
with firm undertone. Fluctuations in the
principal issues were unusually narrow and
there was a marked contraction in the vol
ume of trading in the high grade lines. Some
sharp variations were registered either way
IN the usually neglected lines The extreme
changes were c. S. & c. frsts, which rose
T. and Toledo. Peoria & Western frsts which
ernments were slightly easier on quoted
prices, there being no transactions at the
board.
The total sales of stocks today were 118.52S
shares shares including: Tobacco, 800; Sugar, TO-
4G0; burlington, 1900; Chicago Gas 1900;
Delaware hudson, $500; L. < N, $500:
Reading, 1900; st. Paul, $500; Western Union
1890; N. j. Central, 1880.
TIE following were the fluctuations of the
leading railway and industrial stocks, fur
New York stock exchange and Chicago board
of trade.