The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-28
THE MARKETS.
Wall Street Review.

BY Associated Press.
New York, March 27.--Nearly all stocks
made advances today and some of the n
were of material proportions. The dealt
ings reached nearly one and one-quarter
million shares. Quite number OF new
high priced records for stocks were made
The strength displayed on Saturday
brought large number of commission
house orders to purchase stock. This
caused a pronounced rise at the opening
and induced the elimination of many
short contracts. The principal activity
was i'm the Flower stocks there being, for
instance, .2j,O0 shares of Federal steel
points and the stock made a net advance
of GSs on reports that the earnings were
large. Brooklyn Transit rose points on
rumors that, the Brooklyn Union Elevated
was said to have had one-half million dol
lars I'm cash when taken into control by
the Transit company. The continued talk
of negotiations for the combination of
gas and electric light interests of Chicago
was used to the benefit of Peoples Gas
to the extent of over point Among tho
other specialties to make large improve
ments were American Tobacco, 10; Con-
tinental Tobacco, 4; Metropolitan, 6A;
Third Avenue. L. and Consolidated Gas,
32s The largest improvements among the
leading railways was 2% in Northwest.
Among the southwestern railways wa
bash showed net increase i'm February
earnings OF nearly $SS.O0O. The market
closed at no decided tone and heavy trad
ing. Total sales were 1,2l3 100 shares.
The bond market made an aggressive
show of strength. heavy purchases of the
active issues being made at substantial
improvements. Total sales were S5.lO50O0
United States bonds were unchanged ON
bid quotations
BY Darlington G. Cusack.
New York, March 2T--Of all the ie.
markable openings in the history of the
exchange the opening Of Federal steel
common this morning and the market
generally was the most remarkable the
opened up with the Flower stocks, the
leaders, and throughout the day has con-
unued strong with advance extending
very much throughout the whole list and
continuing until the close. Such a mar
ket has never been seen in Wall street
before; While transactions and realizing
offerings were quickly absorbed and mar.
ket instead of reacting developed fresh
strength as the session wore off. Con
| tinental Tobacco was weak in the earlN
dealings, but rallied towards the close
selling at 81, and advance of 5 per cent
over the opening American Tobacco was
also baa,.,. stroins' iIsi5' umpng 10 points up Or Or
| VIII sell much higher and are great pur
chases even at the present prices. TIL,
news. while It does not amount to much
| was rather Of bullish nature and every
! item was taken advantage Of and useC
| TO the utmost. st. Paul for the month o
! February. showed an increase in gross
| with a slight decrease in net, due to III,
| severe weather Of the month and shoulC
| not be considered as being n bad feature
London was factor in the trading a
| times, buying about 10000 shares mostly
| In their own SpecialticS. Federal Steel
! both common and preferred were strong
| est features in the list. We think tha
| the common will sell above 65 before to
! morrow night and close to 70 within tn,
| week. Steel and Wire was particularly
strong although il did not score a large
! advance. The transactions have been $,
| large today and SO widely distributed
| that some sort of a reaction is due. Their,
| is a possibility that money may be a lit
| tie tighter during the week due to extra
| ordinary causes, but on all weak spots
| the market is a purchase and should b
! held pcrsstently for much higher prices
| The close was strong at almost the bes
| figures of the day.
| Quotations furnished by LABAR
| FULLER, stock, grain and cotton brok
| ers. roms 209 and 2l0. Board of Trad
NIL 1f,,tr Cor