The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-10
UNFAVORABLE INFLUENCES ARE
TO MUCH FOR THE NEW YORK
MARKET,
PRICES SAGGED SHARPLY.
AT THE OPENING AN UPWARD AND
BROADENING SISIRIT WAS
MANIFEST.
WEAKNESS FROM SUGAR SELLING.
Not Only the IndustriaIs, but the
Entire General List Affected by
the Movement.

NEW YORK, April 9.-Compared with the
trading on some days this week, there was
considerable animation to business on the
stock exchange today, though the market
has by means attained large proportions
yet. The market opened with quite an up
ward tendency, and as prices worked upward
there was a broadening tendency in the
scope Of the buying. But number of I'M
favorable influences developed and induced
the traders to take their profits. This proved
too much for the market, and values sagged
off, closing prices showing in most cases
sharp net losses. Some OF the buying of Su-
gar seems to have been Influenced by reports
eef protests against the sugar schedule of the
tariff bill by foreign governments the dealers
in stocks apparently concluding from this
that the tariff bill as whole was likely to
fail and thus leave the sugar duties as at
present. This is example Of the profess
sional character Of the dealings in Sugar,
and the manner in which the price has been
manipulated. The selling to realize on the
rise was large, and affected the price not only
on Sugar, but helped to drive down prices in
general. After touching lis, the price fell
IA. Chicago Gas was almost as largely dealt
in as Sugar, and was strong nearly all day
closing at 81, as compared with SOY at yester-
days close. The course upwards of the
grangers was checked by the renewed weak
ness in the wheat market, and they fell off
from " to 1 point. Missouri Pacific fell
point also, while the decline in the railway
list generally did not exceed fraction
Coupled with the realizing sales in Sugar
came renewed heavy liquidation In the
coalers. Under the pressure of this New Jer-
sey Central declined 23s; Delaware & Hudson
~; and Reading, IA. The Rubber shares
were strong on account of the failure Of some
competitors, the comon rising 81 afterwards
losing the fraction, and the preferred gaining
rs and reacting 1. The fall in wheat en-
couraged renewal of short selling in MANY
Shares, and the renewed liquidation in the
coalers on account of the persistent depres-
sion IN the coal business cO-Operated to drive
prices down. The closing was weak with the
downward course unchecked
Inc pond market maintained fairly good
tone. wisconsin Central first trust receipts
were marked by vide changes closing with a
loss OF per cent. The changes either way
IN the balance of the market were light The
sales were $685., 900. Governments DISPLAYED
renewed strength, and rose slightly on bid
prices.
The total sales Of stocks today were, 1875 434
shares, including Tobacco $500; Sugar. a.
20O; Burlington, 500; Chicago Gas DO 100.
n I. Central, 6,10O; Omaha 800; Reading
IL ,4OO; Tennessee Coal & Iron 1900; New
Jersey Central, II AGO.
Cash quotations were as follows: Flour
Inc following were the fluctuations of the
Leading railway and Industrial shares fur
nished by c. H. F. Smith & Co. members New
YORK stock exchange and Chicago board of
trade. ~ Va