The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-07
THE MARKETS.
Wall Street Review.

BY Associated Press.
New York, March 7.--Prlces dropped
steadily today on somewhat restricted
dealings, each rally affording the bears
another level from which to attack
prices. With some exceptions leading
shares opened below Saturdays close.
Speculation was purely professional
and much was made of the firmness OF
money which at one time touched sac.
for call loans, at which price 1t closed.
"The best authorities" were quoted as
terming the money furry as only
flash in the pan" The Improvement
in demand for money in the dry goods
and other lines of trade together with
the preparations to finance the Central
Pacific Settlement with the government,
the Chicago and Alton deal and some
industrial combinations were RESPONSE
BILE for the improved tone. The an
thracite coal shares which were strong
in the early dealings eased off sympa-
thetcally with the general market eX-
cept for Delaware, Lackawanna ana
Western which in the final dealings
ran up over eight points to 1921. sugar
was rather steady most of the day on
the advance in refined article, but teil
off in the late dealings. Some reallz-
ing appeared I'm American Tobacco
which broke some points after an lnl-
tial rise. The Changers were inclined
to hcaviness, with Burlington, making
a net loss of 29s. Most stocks showed
considerable losses and the closing was
weak. Total sales were 563,4OO shares'
Todays bond tracing was at the eX-
pense of values, many OF the acuNe is
sues giving way smartly. Total sales
were So, 10000
United States old As registered de-
clined Il in the bid price.
BY ]. X. L. Darlington q Co.
New York, March 6.-The market opened
| active and irregular with coal Stocks S lnI
| leading feature. Rdg. com. ana hrSt anu
| second preferred advanced z TO pd ped5
| conf with large transactions ontario ana
Western and Jersey Central syHpatlih
! ing with the movement. Ihe puSins WI WI
attributed to Morgan interests. steer anu
| wire, both common and preferred, Neiy
| strong on the opening dealings adVahc-
| ing sharply about l per cent, Wnicn va "a
| subsequently, lost on execution oil proht
| taking orders. After opening London ahG
Commission Houses were free sellers any nb
| the whole list reacted, Is. ~. ana AtCil.
| being chief sufferers. London sofa apou'
| 10000 shares, chiefly Atchison, Z. & "
! and o. d w. On the decline some sup
/ port was given at first but seemed 70 pt
| withdrawn and commission houses seemed
! to he fairly large sellers. There was som,
| evidence of buying and the street seemed
to think that Standard on ana floul
Brokers took their specialtes on th'
! weakness of the market The bank state
| ment on Saturday has been fonoWed ny
! the general belief that money is lncnneo
! to work closer and that this view is oorhe
| out to a certain extent by the action ol
| nd
| York, the largest of which TO-DAY ad'
Vanced rates over ! pc cent. on stan1
| ing loans There is enough uneaslnesS
| caused by the situation to make us be
| lieve any decided upward movement Is
| unlikely at the present time. The pubic
| at large are quite as well educated az
| the average professional on the last az
| tempt to get them in to the market was
somewhat of failure. The pools anc
| interests which have been working fol
| higher prices, are beginning TO nnd tnl'
out, and while at the present time th'
! market is likely to be supported agalhs
| any heavy selling pressure, yet 1t is no
probable n sustained advance Throughout
the whole list will be undertaken In th'
face of evident disposition of speculator'
| to take profits on all bugeS During TN
| early afternoon the market was very dul
| with apparently no attempt by leaders
! to advance prices or control the marke
| i'm any way. SpeCialtieS and some of tn
inactive stocks displayed some weakness
| After 2 o'clock the list rallied fraction
ally on operations of the Traders, wht
were inclined to buy for short turn
| The market today has been the dulles
we have had In some time and shows les
inclination on part of outsiders to taxi
| hold. We are inclined to think there ma!
be somo rally from present prices, bu
| would advise sales on any pronounced
bulge. The market could safely bought
! however, on weak spots. Close was dull
| but steady. Very respectfully.
j. r. l.. Darlington & Co.
Quotations furnished by LABAR &
! FULLER, stock, grain and cotton brolS
ers. rooms 200 and 2l0, Board OF Trad,
building Scranton, Pa.
Open High Low Clos