The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-08-15
THE MARKETS.
Wall Street Review,

New York, Aug. 14-The stock mar
ket started off with something Of an
upward rush, stock exchange traders
and small outside following had APP
parently come to the conclusion that
Saturdays bank statement indicated
that all vexed problems in the money
market had been settled and that ease
and abundance of funds were now at
hand. The first sharp advance in
stocks however, demonstrated that the
pressure Of some heavy selling would
have to be encountered on any general
upward movement. The market there
after lapsed into the spotty condition
which has been its recent characteris-
tic. A small number Of stocks showed
very marked strength, but the usually
active and prominent stocks lay prac-
tically dormant throughout the session
and showed a sagging tendency which
the strength in special instances had
no effect toward counteracting. Ten
nesse Coal and Iron advanced by sem
sational leaps an extreme 6A points,
giving color to prevalent rumors of a
corner in the stock. The tone was few
erish below the high level and the net
gain was 3%. The announcement Of
in Colorado enhanced the prices of
quite a number of stocks, including
American Smelling, which is most di-
rectly affected Colorado Fuel. Denver
and Rio Grande stocks and Colorado
Southern stocks. Gains in the group
ranged from Ia in Denver and Rio
Grande to 5h in Colorado Fuel pre-
ferred. The smelling stocks rose 5s
and 2A, respectively. The railroad
stocks to show strength were COM
paratively few. The Chicago Great
Western debentures started downward
after their notable rise on Saturday
and are nearly points off on the day,
but the preferred A stock is up over 2
points and the preferred stock over
a point Besides these there are not
able gains in the Pittsburg, Cincinnati,
Chicago and st. Louis stocks, Louis
vile, Kansas and Texas preferred, the
Minneapolis, st. Paul, Sault Ste Marie
stocks Cleveland, Lorain and Wheel
ing preferred New York, Chicago and
ST. Louis stocks and some of the low
priced railroad stocks. Confidence
over the money situation had a relapse,
the conviction growing that the Satur-
day bank statement may not be a. fair
| reflection of Saturdays condition in
the market. Cneasiness and depres
sion were also reflected from abroad,
| political disquiet in France and al
| vancing money in London and Berlin
| threatening some pressure of liquida-
| ton from these quarters should this
| country's credits he called home.
| Whatever ease Is manifest in the
| money market is realized to be due
to the quietudc of speculative mar
| kets the world over and conservative
heads in the financial world are in
| clined TO frown upon an outbreak of
| speculation. The closing of the mar
| ket was active, but extremely irregu-
| lar Peoples Gas mounted above 122
| on the announcement of the acquisition
| of the Pullman Gas company, while
other stocks tended downwards. Net
| changes are mixed. Total sales, 447,-
| 200
| The bond market showed increased
activity, Kansas and Texas second
leading. Prices are higher. Total
sales par value, S2,5Sl,000. United
States IS and new As advanced "a and
the old As registered and the IS Is in
the bid price.
Quotations furnished by CARRINGTON
| e. CUSACK, stock and bond brokers.
rooms 4l0 and Ill Connell building, Scran-