The daily morning journal and courier., 1897-04-13
EtnamcraI.
Course of Prices in Stocks Yesterday Was
 Generally Downward.

New York, April 12.-With the excep- ton of rally in prices shortly after the decline at the opening, the course of prices was very generally downward to-day. The course of affairs in south east Europe was a potent factor in dis couraging trading and some private cable advices received in the street painted a more alarming condition of affairs than was reflected from the for eign exchanges.
 The trend of the market downward 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 % after the opening and which subsequently, de- clined 5k on profit taking, the sales reaching an aggregate of 26,000 shares and leading the market. The stock re- covered half per cent. of the loss. The local gas stocks were sold down with the same purpose, Consolidated Gas los ing 1A and Brooklyn Union 11s, Ameri- can Spirits common and preferred also declined on realizings, the former 1h and the latter %.
 Sugar secured an advantage of 2 in the early rally, but a reduction of 1s in the price of refined sugar aroused faars fnr fbo tc to company from imports of raw sugar in anticipation of the tariff and the stock sold off IS. The closing, however, was practically unchanged. Quite a notable center of depression in the market was Tennessee Coal and Iron which lost 1% on the report of threatened strike on account of a cut in wages growing out of the continued low prices of the prod uct
 Holders of Western Union stock seemed to have an early intination of the coming decision of the supreme court, which was not announced until later in the day, and which was unfav- orable to contention against the Bell Telephone company held for several years by the Western Union. Fears were expressed by the sellers that the result would be increased competition against the Western Union by the tel ephone company and this had the eff feet of driving the stock 11s after an early gain of F. This seemed to open a decline in the Goulds extending to a point in Manhattan and a fraction in the southwestern railroads of this own ership, which also had to contend with some unfavorable reports of earning for the first week in April
 Reports of increased earnings for Kansas and Texas and Texas and Pa cific were not received until near the close. and so were without effect on the trading. The coalers were subject ed to heavy pressure after an early rise of a in New Jersey Central. The bear argument was that heavy dam- ages had been done to the company collieries by floods A fall of 11b was brought about in New Jersey Central LackaWanna, Reading common, first and second preferred, and of s in Del aware and Hudson The sales of Read. ing were notably large
 DecllneS were quite general in the railway list, the grangers, the westerns Vanderblts and internationals al showing symptoms of depression, bur the losses not exceeding a fraction ir any case. Louisville and Nashville helt notably firm.
 < Although the total volume of deal ings was somewhat small, a survey of the list shows them we'll distributed In small lots. The closing was weak a the lowest point in most cases and a general net declines.
 The bond market eased off in sympa : thy with the downward trend of shar, values
 , Following are the closing prices re ported by Prince & Whitely, banker. and brokers, IS Broadway New York and 15 Center street, New Haven:
 STOCK. BID. ASF