New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-04-21
Easier MARKETS HERE.
OF THE WAR 1NFLU-
ENCE.
STOCKS ADVANCE ON RECEIPT OF QUOTATION

STOCKS ADVANCE on RECEIPT OF QUOTATIONS
FROM 1ONDoN-wHEAT DROPS OFF.
The influence OF the hostilities between Greece
and Turkey on the wheat and stock markets mere
disappeared 10 a large extent yesterday. The chief
reason for It's disappearance was that the EURO
mean markets reopencd after the Easter hoildays
(havine been closed since Thursday lasO' ana they
did not reflect any feeling OF apprehension. Inc
cable dispatches TO the grain and stock houses
said there was no scare In Europe Inc peHei
was that the conflict in progress would not spread
and would be brought to speedy termination. Inc
fighting was 100 fierce to last for any time
The early quotations of wheat from Liverpool
were considerably below the closing -fofN
quotations on Monday. Consequently there was a
rush to sell when business opened on the -lorK
Produce Exchange. The chief dealings were ~
Nav and July wheat-that Is. wheat deliverable III
those months as specified. The first sales OF May
wheat we're at 1914 cents bushel or "a cents pc
low Mondays final price. The first sales Oh J's
wheat were at 7si4. drop of rs from MONDAY
May wheat fell 79is. rose to SD.a ana cioseu al
Slb which was IL, cents below the closing on Mon
dav July wheat fell 10 rs and rose to 1885. which
was the closing price. being Ia cents peio" MOTT
davis closing. The total sales OF wheat were
1sO450to bushels, divided as follows: April Zo.'"
Nav $3.50 900: June 10000 July. 5O35.cO; September
$4,000 December. $4,000 The bulk OF the tradihg
was In the first hour, after which business WIS ho
on much larger scale than usual
Higher quotations from London for American
stocks were followed by generally higher range
OF prices at the opering Of business on the New
York Stock Exchange. There were large purchases
on orders from London 10 cover the short sales OF
Monday. with the result that the London operators
secured handsome profits. 1t was estimated 'hat
fully 400 shares OF different stocks were bought
for London account. The closing transactions were
at or near the best prices of the day. Net gains ior
some of the leading stocks comparing the maj ng-
ures with those of Monday, were; AnericaI SuS ~
Consolidated Gas =: Louisville ana NASHVILLE. ~
Manhattan. 13s: NewYork Central; y; NoIthWesst
IL: Omaha. IL: Reading. y; Rock isiaho' l. 81
paul 1ss: Southern Railway preferred. "a. !.
While there was no further advance In rates Oh
exchange there is little no doubt that there VIII
soon be Exports of gold but by an agreement among
Tho foreign exchange houses, there VIII be no snip
,ne e until demand exchange touches 1854; at
least there will be by the houses when are
parties 10 the agreement. There may DE shlIlei.'
nv some of the bullion dealers before demand eA
change gets up to the point Indicated LOT theIc
would be q profit with demand exchange anywhere
between SSI. the present rate and 1854, Inc eh
change houses figure that at 4ss9, there "0uu De d
nroff of one-eighth of per cent In shipping gold
or 81 ssl onaeach 81 100000 They say 1t Is not Worth
while To do, business for smaller proni allnou6m
II is common. knowledge that exchange houses VIII
conduct operations on narrower Margin lhaii "'is
other financial concerns. They have frequently III
the mast been known to forward goId 10 fuIope
when the profit TO them did not exceed one SHY
fourth Of 1 per cent or 1856 % on S1OOO.ooo 49,
There Is a desire on the part OF New DIN nn hi
ciers 10 prevent gold exports, so far as PI
For one hing gold exports might interfere WIFI tc
refundflg schemes that are under way