The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-16
DROP IN STOCKS
WEAK SITUATION ABROAD DOMI-
MATED THE GENERAL TONE OF
THE TRADING.
INTERNATIONALS FOR SALE.
ANY FIRNNESs, ABOVE THE LON
DON PARITY, MET BY HEAVY
OFFERINGS.
SOME STRENGTH IN THE CHANGERS
In the Final Dealings the Market
Steadied With a General Rally
of Small Fraction.

NEW YORK. April 15-Proceedngs were
rather dull on the stock exchange today and
values dropped almost without exception or
cessation. The situation abroad dominated
the general tone of the dealings. The fact
that there whould be no more trading on the
London exchange until next Tuesday prob
ably restricted any demand and Influenced the
minds of the timid ones there to realize prof
its as much possible, and to unload any
holdings that seemed in danger from posi-
Bile developments in the Graeco- Turkish rela-
lions. Consols were down in London, and
there was uneasiness apparent over the SEEM
Ing waning Of the accord Of the powers on
the Eastern question. The London market
also suffered from the Generalization in the
Kafirs and whispers Of financial difficulties
of large operator in those properties. The
depression thus cause was reflected here most
obviously as was natural, In the stocks held
largely abroad, which showed marked de-
clines. Any hrmness in these shares above
the London parity was met by heavy selling
from London. the days sales for London ac-
count being estimated at %, 900 shares.
The heaviness in New York Central was
very noticeable, in view Of the large hopes
OF a stimulus to the whole market that have
been built on its refunding scheme first Off
ctally announced yesterday. The extension Of
the issue beyond the needs for the refunding
gives rise to the argument that there Will
not be so large a reduction of fixed charges
nor SO large a consequent benefit to the stock
as was anticipated. There was continued
heavy liquidation in Chicago Gas and Sugar
on almost purely professional dealings. The
gas stock was very erratic, and after open
ing with sales running over point above
last nights close, it traversed almost its en-
TIRE range several times, finally closing with
a net gain of &c. At one time the grangers
OFT AM thnra
was some buying of Burlington on an IN
accredited rumor that the company was about
to refund lis bonded debt The rise in the
srangers carried their prices above last
nights closing, but subsequent declines left
them with fractional net losses. This was
true OF the railway list in general, the largest
losses occurring in the in. irrational stocks
extending to IA in Louisville & Nashville
and in the grangers and coalers. The market
steadied in the final dealings, and there was
a general gain of small fraction
Business in railway and miscellaneous bonds
was IN light volume, with a saggng tendency.
when was most pronounced in the issues
having an International market notably
Northern Pacific. The sales were $751; 600
Governments were quiet but generally firm
on transactions of $40 600
The total sales of stocks today were TAT 424
shares, including Burlington ID 700; Sugar.
"a 100; Chicago Gas, 24200; L. & N 1O. 800:
New York Central, $500; Northern Pacific
New Jersey Central 300.
The following were the fluctuations of the
leading railway and industrial shares. fur
nlshed by G. II. F. Smith & Co., members
New York stock exchange and Chicago board
of trade: