The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-08-05
THE MARKETS.
Wall Street Review,
BY Associated Press.


BY Associated Press.
New York, Aug. 4.-Today's stock
market was largely devoted to dealings
in few industrial specialtles. There
was a marked tendency to realize in
the railroad list but the selling pres
sure there was not heavy and offers
decreased as prices declined. Union
Pacific was subject to pressure by un-
confirmed rumors of a strike on it's
lines. The stock broke IL points on
rather liberal offerings and closed at
a net loss of a point. The preferred
declined q. The chief movement of
the day was in tobacco stocks and
Tennessee Coal. American tobacco
gained an extreme four points, Contin-
entail tobacco common 3%, the pre-
ferred 5A and Tennessee coal 2th. Late
in the day prices of these were sud-
denly let down from 1Aa2A points, APP
parently with the purpose of shaking
off weak followers of the bull move
ment. A rumor of great combinations
of coal and iron interests in the south
was added to those recently current to
explain the Tennessee coal movement.
The vigorous advance of this stock
begot some sympathetic strength in
other stocks in the same industry.
Colorado fuel, Hooking coal. Federal
STEEL American smelling and a num-
Der of other stocks advanced from
fraction to over a point. Peoples Gas
was up at one time over a point on
reports of the company's prosperous
condition. There were gains in isol-
ated interests elsewhere notably in
N 90
Western preferred. Kansas City, Pitts
burg and Gulf, Pittsburg c., c. and st.
Louis common and preferred, National
Biscuit and New York air brake rang
ing from 1 to 31a. On the other hand
sugar was most heavy of the day on
account of the shading of prices in
some grades of refined sugar. The To-
cal traction stocks showed weakness
throughout and Consolidated Gas lost
31a per cent. net. Today's speculative
leaders closed feverish and unsettled,
but the general tone was firm at the
last Total sales, 474500. Kansas
City, Pittsburg and Gulf firsts rose 3ls
per cent. There was some activity in
mortgages of southwestern railroads
and in rope and twne incomes at
mixed changes. Total sales par value,
81, sos 900.
United states 4s advanced a and the
IS Is in the bid price.
BY Darlington & Cusack.
New York, Aug. 4.-The market
opened irregular, the Industrials show
ing slight gains while the railroads
as rule showed fractional recessions
from last nights closing. Prices ran
off after the opening but before noon
most of the early losses were partly
regained. The Changers were affect
ed by bad crop reports from Nebraska,
but probably the main cause of the de-
cline was some calling of loans on
higher priced stocks which pay no div
idends. The attack on Brooklyn Rapid
Transit produced a weakness in most
of the active stocks. The Tobacco
group was strong during the day and
made a decided net increase. The
Iron stocks were also stronger. Con-
tinental Tobacco and Tennessee Coal
and Iron being features of the day,
Tennessee Coal and Iron crossed 50
on large buying supposed to be for ac-
count of a speculative pool which has
long been identified with the stock.
The market during the day was a
good trading one with a tendency to
decline. The general list showed in
clination to rally from its weakness
during the afternoon but was held
back by what looked like realizing and
end of week settling. The uncertainty
of tomOrrow's bank statement also
affected speculation with the excep-
tions of the Tndustrials mentioned
above, the closing as a rule showed
fractional losses for the day.
Quotations furnished by CARRINGTON
| & CUSACK, stock and bond brokers.
| rooms 4l0 and Ill Connell building, Scran-