The daily morning journal and courier., 1897-04-20
Finaucial.
The Whole Tendency of Stocks Yesterday
 Was Downward.

The Whole Tendency of Stocks Yesterday
 Was Downward.
 New York, April 19.--Nothing outside the news of the war between Turkey and Greece had much interest in Wall street to-day. The traders in stock are accustomed to look with reliance to the course of prices on foreign exchange to guide them in their dealings In proper ties likely to be affected by European affairs. The absence of this index to- day on account of the continued clos ing of the exchanges in London and Paris over the Easter holiday left the minds of the traders in some confusion and as a result, the movement In prices was at times very cratic without any corresponding change in the tenor Of news to justify 1t,
 It was evident at the opening, how ever, that this market was bearing the brunt of whatever selling was result of the war not only by local holders but by those in London and Paris and in Boston. where the exchange was closed.
 The scene at the opening was an ex- citing one and there was heavy press ure to sell through the whole list There had been many stop orders before the opening in anticipation of a slump and these were speedily uncovered, running sales of from 800 to 4,000 shares being made at the opening in many stocks. | The international stocks were most affected and declined the most. Some of them lost over a point in the early dealings, and Vanderbilts, New York Central and Lake Shore were each off two points.
 The grangers showed marked declines extending through the whole general | list.
 An apprehension of gold exports had | its added effect in depressing prices, the rates for exchange having notably har- dened on the war news. Some ex- change brokers regard the rate of ex- change as having reached the gold ex- port figure to-day, but dealers in stocks are in doubt whether the foreign buying of our breadstuffs, which results from l the war, will not be sufficient to offset l foreign selling of American securities and so keep the balance of credits in our favor. It was this doubt that help l ed to stem the fall of prices, though l this was mainly due to the reports that | became current that foreign were buy | ing stocks here and were also selling grain on the rise.
 l The rally in the stock market was CO., incident with the reeNt tion in wheat, but the rally In stocks failed to hold, although wheat continued at the lower level. St. Paul was the most actively dealt in of the stocks, the sales footing up over 40000 shares. Prices resumed a downward course after the rally and In most cases reached the maximum decline for the day. reaching 39s in Louisville and Nashville, PA in New York Central, 25s in Omaha, and in Southern preferred; Erie and Pullman also lost ?.
 The net losses on the day extended tc point or over in many stocks. Leather preferred, after cratic movements closed with a net loss of a point on the proposition to place tariff on hides H Consolidated Gas and Laclede Gas lost 11s each and Chicago Gas 1A. Tennes- see Coal and Iron continued weak or the decreased earnings for February and scored a net loss of g. American Spirits also scored a loss of 1B on the day.
 The bond market remained depressivt with the internationals Hooking Val ley 6's exceptionally fell 5 per cent, te 50 The aggregate sales were $1, ,243,0oo
 Following are the closing prices re ported by Prince & Whitely, banker: and brokers, 16 Broadway, New York and 15 Center street, New Haven: