Daily Kennebec journal., 1897-04-21
MARKET REPORTS.
NEW YORK MARKET.
The Features sl the 0ay's 0sallsss In All
The Lending s!scks.

New York, April 20.--New York dealers
In stocks and bonds awoke to a reaAza-
tlon. this morning. that their fears. yes.
terday. had exaggerated the danger 10
values threatened by the Greco-Turkish
war. The early morning brought news OF
the opening prices in London for Amer
lean securities in London at well above
last nights New York closing. The OPEN
ing here was about on parity with Lon
don for the International shares the rush
Of first purchases In some stocks being
so great as to give a range OF Y in the
initial price.
The days opening was attended by an
almost equal degree of excitement with
yesterdays, the eagerness to buy what
was sold yesterday. being feverish. The
day was. In fact. almost an exact rever-
sal Of yesterdays proceedings. except
that the retrograde movement stopped
short of full recovery of yesterdays
losses. The International stocks were
naturally the most affected by the Lon
don strength and Louisville & Nashville
showed the sharpest recovery. today.
opening AT an Improvement. OF III. st.
Paul opened with running sales OF 60W
closing At s9%. The Improvement was
general throughout the list. The quota
tons for British. c0nsols from London
were eagerly looked for as the best index
OF the real Importance" attached to the
war by those likely to be best informed
Thursday. and when II was seen that the
fall in price was only 7-16. apprehensions
over the effects OF the war largely sub
sided. The advance in exchange rates
ceased. today. and rates only Just barely
held firm. II was reported that the for
eign bankers had decided not to attempt
bold shipments until the actual rate for
short sterling had reached Assn. while
the rate. today, was A.SsA. London also
bought stocks quite heavily during the
1av Stn <nf o~ Go
from New York showed an increase OF
over 81 600 900 over last week. This prom
ised the defeYment OF gold shipments
and helped to relieve the selling pressure.
and grain markets was again noticeable, |
as on yesterday The buying by London, |
today. was quite notable factor. and a
good part OF the stock sold by that capt. |
tai, yesterday, was bought back. today.
There was evidence also OF a large |
This included some Southern pfd., which |
rose points. Showing the extreme gain l
on the day. and Union Pacific and Wa
bash. The bulk of the buying for London !
Nashville and ST. Paul, the latter again
being the leader of the market in point
of activity and being several times
crossed by Burlington in the days quota
tons. 49,
With the exception OF two brief periods
course of the market was upward all day.
The activity in shares showed an average
net gain of about "a point, extending to
.. in the case of Louisville & Nashville
and Southern pfd. Leather pfd. and To-
Dacco each showed a net decline of over
4 point The anthracite coal shares
showed less buoyancy than the rest of
he list. and IIackawanna closed at a loss
If per cent. Pacific Mail also was down
y on the day. The closing was dull but
irm and slightly below the best prices of
he day.
Railway bonds recovered sharply. to-
lay, with the speculative issues leading
he movement Ohio Southern lists were
notable exception and fell 51s per cent. |
Is compared with the preceding sales at
o on March "a. Business was slightly
more active with the Atchison. Texas. &
Pacific and Northern Pacific issues regis
ering the extreme gains. II
Governments were active but without {
notable change on transactions of $91,0