The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-04-11
THE MARKETS.
Wall Street Review.
BY Assoclated Press.

BY Associated Tress.
New York, April l0.-Intcrest in stock
speculation today on was a diminished
scale, the dealings aggresating little over
half million shares. Prices moved in
a an rnG GnSertain rita manner and nln number Of
decline at the opening In which the spe-
clalties particularly participated, a mid
DAY rally led by the Vanderbilts and an
afternoon decline in which the Grangers
were prominent. The liquidation of FRI
day permitted u number of brokers to
return borrowed money and call rates
were genrally easier. d to per cent.
prevailing the greater part of the day.
several million dollars of sterling loans
were made and call money closed Sal.
Ihe recurrence of syndicate operations
and the flotation of industrials Is the
basis for the expectation of fair rates
at least for money. Commission house
business fell off considerably but there
was evidence of an effort to stimulate
interest in the market in some specialties
again, now that Fridays decline had
wiped out weak holdings. Some large
accounts were closed out today causing
shares of Brooklyn Transit was sold lust
after the opening. The Vanderbilt
shares which all advanced smartly re.
tanned part of their rise. Consolidated
Gas broke s points presumably because
of the published intervied with a promi-
hent politician favoring municipal own.
ership of that industry. The selling of
the Changers in the afternoon was due
TO apprehension as to the possible char
acter of the government crop statement
to be made known this afternoon. The
market closed steady. Total sales were
$4,000 shares. transactions in railway
mortgages were rather light and while
the market lacked a decided tone the
changes either way were only fractional.
! Total sales, $223j, 900. United States rs
declined "a and the new Is coupon Is in
the bid price.
| BY Darlington Ss Cusack.
Nr,,Iy Al. Yls.f F1nd
slightly below Saturdays close and at
once sold off on quite free liquidation,
the pressure being almost entirely in the
Industrials. Manhattan and Brooklyn
Rapid Transit were also weak while Fed
oTal Steel common and preferred both
opened up. but subsequently, lost the adj
vance ,r in the high prices of the morn
features. advancing rgout points in
New York Central, c. c. and Kansas
Southern, subsequently losing part of the
advance from liquidation by insiders.
The market reflected the uneasy feeling
of tho street, and was alternately weak
ana strong as Influenced by the traders
| ana, operators in the board The late
unpleasantness has shaken up the specu-
lative market so thoroughly that 1t prom
ises to be some time before there Is any
sustained advance but at the moment
we think 1t is purchase on weak spots
| Tor rallies with ter dCncy towards lower
| prices for the time being. The crop re
! ports have affected the Grangers un-
/ IaNOrably ana while they are undoubt-
| edly exaggerated to n large extent, yet
| there is no doubt that up to the present
| time the damage is serious. 1t is possi-
| BILE, however, that good weather from
| now on may produce n better condition,
| but there seems to be little doubt that
| winetr wheat is badly damaged and the
seeding of the spring crop is delayed to
such an extent ds to mean late har-
| Nesting with n corresponding heavier
drain on last years supplies. If this is
so it will probably produce Il higher
| wheat market and consequently cut down
| the exports which should be an unfavor-
| able occurrence.
! Money also promises to remain some-
| what close for the next two or three
| weeks, which will tend to check specula-
| tiOn for the time being. Ultimately We
| shall have much higher prices but at
| the moment we do not look for anything
| but a traders market with sharp tluc-
| tuations The close was somewhat dull
with prices slightly below the opening.
| Quotations furnished bv LABAR &
| FILLER. stock, grain and cotton brok-
"rs, rooms 200 and PIC Board of Trade
building, Scranton Pa