The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-04-13
Mining stocks.
SEW YORK MARkETA
The stock ExchanGe.

NEW YORK. April 12.--with the excep-
ton OF a rally In prices shortly after the
decline at the opening. the course of prices
was very generally downward today. The
course OF affairs in Southeast Europe was
potent factor ia discouraging trading,
ana some private cable adviees received
In the street painted a more alarming con-
dition OF affairs than was reflected from
the foreign exchanges.
The trend of the market downward
brought realizing sales in some of the
stocks that have enjoyed the greatest gains
OF late. This was notably true OF Chicago
Gas. which rose s. after the opening, and
which subsequently declined liz on profit
taking. the sales reaching an aggregate Of
5000 shares. and leading the market. Tha
stock recovered one-half of the loss. The
local gas stocks We're sold down with the
same purpose. Consolidated Gas losing Ia
and Brooklyn Union IL. American Spirits.
common and preferred. also declined on
realizing sales. the former rs and the lat
ter "a.
Sugar secured an advantage OF = in the
early rally. but reduction OF &c In the
price of refined sugar aroused fearA for
the expected profits TO the company from
imports of raw sugar In anticipation OF
the tariff. and this stock sold of ~. The
closing. however, was practically I'M
changed.
Quite notable center OF depression In
the market was Tennessee Coal and Iron.
which lost Ia on the report of threatened
strike on account Of a cut In wages, grow
ing out of the continued low price OF the
product
20 have an early intimation of the comm z
decision OF the supreme court which was
not announced until late in the day. and
which was unfavorabie 10 a contention
against the Bell Telephone Company had
for several years by the Western Union.
Fears were expressed ny tho sellers that
the result would be increased competition
against the Western Union by the tele-
phone company. and this had the effect OF
driving down the stock liz after an early
gain OF X. This seemed 10 open up de-
cline fin the Gouidss extending 10 point
western railroads OF this ownership. which
had also 10 contend with some unfavor-
able reports OF earnings for the first week
In April
Although the total volume Of dealings
was small survey Of the list shows II
closing was weak at the lowest point in
most cases and with general net declines.
The bond market was eased of In sym
pathy with the downward trenf In share
values. but the losses were small FROM
Colorado Midland rrsts which reacted u
per cent ss cornnared with the previous
sales The dealings developed little
feature and were confined 70 the proTni-
nent issues The sales were 1863 ooo
Government bonds Displayed A hardsn'n g
tendency on the frs; call. but later sagged
slightly. The sales were $4,000.
Money and Exchange
Money on call. easy at 1ikGl% per cent I;
last loan IT, per cent: closed offered AZ
~ per cent: prime mercantile paper, 3&T4
per cent: sterling exchange: firm with
actual business I'm bankers bills at $fS7i4
a. S7ik for demand and Stsef4 ssis for
sixty DAYS posted rates 81 sei4 e74s7 for
demand and 81 SST4 ssh for sixty DAYS:
commercial bills. sass. silver certificates,
6eN62i4c: bar silver. e2Isc.