The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-04-13
CLOSING WEAK AT THE LOWEST
AND WITH GENERAL MET
LOSSES.
WAR NEWS WAS A FACTOR.
AFTER AN EARLY RALLY THE
COARSE OF PRICES WAS
DOWNWARD.
PRESSURE ON THE ooALER GROUP
Declines in the Changers and Van
derbiIts Confined to Fractions
Chicago Gas a Feature.

NEW YORK, April 12.-With the excep-
ton Of rally in prices shortly after de-
cline at the opening, the course Of stock
prices was very generally downward today.
The course Of affairs in Europe was potent
factor in dscouraging trading, and some
private cable advices received in the street
painted a more alarming condition OF affairs
than was reflected from the foreign exchange.
The downward trend Of the market 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
q after the opening and which subsequently
declined rs on proft-taking, the sales reach
ing an aggregate of over $1,000 shares and
leading the market The stock recovered
y per cent of the loss. American Spirits,
common and preferred. declined on realizing,
the former Il and the latter y. Sugar Sc
cured advantage Of y in the early rally,
but reduction of Is in the price of refined
sugar aroused fears for the expected profits
to the company from imports Of raw sugar
in anticipation Of the tariff and the stock
sold off Is. The closing however, was prac-
tically unchanged. Quite a notable center
Of depression in the market was Tennessee
Coan & Iron, which lost ~ on the report
of threatened strike on account Of a out In
wages, growing out Of the continued low
Union seemed to have an early intimation Of
the coming decision of the supreme court,
which was not announced until later in the
day, and which was unfavorable to a con-
tention against the Bell Telephone company.
Fears were expressed by the sellers that
the result would be increased competition
against the Western Union by the telephone
company and this had the effect of driving
down the stock ia after early gain of
H. This seemed to open up a decline in
the Goulds, extending to a point in Man
haitian and fraction in the Southwestern
railroads of this ownership, which also had
TO contend with some unfavorabe reports of
earnings for the first week IN Anr'l Reports
of increased earnings for Kansas & Texas
and Texas & Pacific were not received until
near the close and were without effect
The coalers were subjected to heavy pres
sure after early rise of q in New Jer-
sey Central The bear argument that
heavy damage had been done to the COM
pany's collieries by floods. A fall of 112 was
brought about in New Jersey Central Lack
awanna, Reading common, first and sec
ond preferred, and of Is in Delaware &
Hudson. The sales of Reading were notably
large. Declines were quite general in the
railway list the grangers, Southwesterns,
Vanderbilts and internationals all showing
symptoms of depression, but the losses not ex-
ceeding fraction in any Louisville &
Nashville held notably firm on the strength
of an increase of earnings in the first week
in April of over 500, 900. Although the total
volume of dealings was somewhat small a
survey of the list shows them we'll distrib-
uted in small lots. The closing was weak at
the lowest point in most cases, and at gen.
eral net declines
The bond market eased off in sympathy
with the downward trend of share values,
but the losses were trivial aside from Col
orado Midland frsts, which reacted per cent
as compared with the previous sale The
dealings developed little feature, and were
largely confined to the prominent issues.
The sales were 1868 600 Government bonds
displayed a hardening tendency on the first
call, but later sagged slightly. The sales
were $100 600.
The total sales Of stocks today were 40 Sit
shares, including the following: Sugar, 81
500; Burlington, $500; Chicago Gas, 26, 800;
General Electric, 1880; N. Y. Central, $500;
Reading, 1920; St. Paul, 7,10O; Tennessee
Coal & Iron 1900; Western Union, 500; N. j..
Central, $500.
The 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.