New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-20
WHEAT UP, STOCKS DOWN.
EFFECT OF THE WAR NEWS IN THESE
MARKETS.
-, TUE ppoDt-cr AND STOCK Elk

LIVELY TINES on THE PRODUCE AND STOCK HA-
CHANGEs-OPINIONS OF THE SITUATION
The opening .of hos,ilities between Greece and
Turkey had a marked effect on the wheat and
stock markets but was without much influence on
rho cotton market; As was TO have been expected
the most direct reflection OF the war news was IN
the wheat market. The European markets were
all closed In fact. they closed for the Easter hoh-
DAYS at the conclusion OF business on thursday
last not to reopen unit. to-day, consequently there
was no way of telling how Europe ITSELF from
business point OF view regarded the clash or arms
between the Greeks and the Turks
The wheat pit of the New-York Produce En-
change was packed with brokers when the signal
for the opening OF business was given at lo:So
O'Clock yesterday morning 1t was known, Oh
course that the dispatches would put up wheat
but so big a jump took place was hardly looked
for. The bulk of the orders in the hands OF the
brokers for execution in May and July wheat
that is wheat deliverable in those months. Ihe
first price for both months was the same, ei+ cents
a hushe which advance from last Satur-
days closing Of al cents for May and ga cents for
July wheat. There was subsequently further rise
of la to SS7s cents for May and OF IA TO Sa cents
for July. Then realizing sales there was
break OF 3 cents to sos for May. and OF Sss
cents to sos cents for July wheat. The closing
prices were slS cents for May, and SO3s cents Tor
July which made the net gains comparing the final
figures with those OF Saturday, IA cents lot MA!
and cents for July.
The option sales OF wheat for the day were the
heaviest In the history OF the Produce Exchange.
They footed up q. 10000 bushels. comprising $780,
O01 bushels May wheat Ss150eO bushels July 2sS0,-
600 bushels September and 10000 bushels December
wheat No account was taken OF the sales OF cash
wheat which were small account OF the price
being lifted out of the reach Of shippers. The diner-
ent grades of -four advanced 10 TO 30 cents a
barrel Sales however. were not particularly large.
They were estimated at 5000 barrels. There was no
excitement in oats.
The curb price" for wheat In Liverpool showed
an advance OF hvepence a GENITAL from Saturday.
which equa TO cents a bushel.
ON THE STOCK EXCHANGE.
There was considerable excitement on the New
York Stock Exchange, though not as much as was
looked for Prices at the opening were from TO
2Ia per cent below the closing figures of Saturday.
The 2ib per cent loss was in Louisville and Nash
Willie In the middle Of the day there was a rally.
but another decline set in at 2 o'clock and lasted
until the close at 3 o'clock. The afternoon slump
was due 10 the expectation that prices In London
for American stocks at the opening to-day would
be much lower than the prices ruling In New-York.
While the London Stock Exchange was closed.
heavy orders for the sale OF stocks were received
from London TO be executed in this market Alto
gether some 5000 shares of different stocks were
sold for foreign account The heaviest pressure
was on Louisville and Nashville, 81. Paul and New
York Central.
The results of the days operations in leading
stocks are given below. the net declines noted in
the last column representing the difference between
Yesterdays and Saturdays closing prices: