The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-05-03
THE MARKETS.
Wall Street Review.

By Associated Press.
New York, May 2.--Stock prices today
ranged over a wide radius and ended with
good gains for the day. A considerable
advance, ranging from ] to points in
the speciaties occurred in the first half
hour. aided by purchases of round
amounts of the International stocks for
London account. Stock values then suf-
fercd on n continuance of yesterdays
heavy liquidation and receded sharply,
the specialtes losing from to nearly
points. BY noon liquidation had prac-
tlCally ceased and there were rallies
which among the specialties ranged from
3l2 to SA. The standard railways moved
far less widely except for Burlington and
Delaware and Hudson, which made net
gains of IA and 4 respectively. Among
the specialties the net gains extend to
4l2 in Air Brake, 6% in Metropolitan, SSs
in Manhattan, 3lk in Brooklyn Transit
and an average. Of points in Federal
Steel, Sugar, National Steel and Ten
nessee Coal and Iron. The market left
off strong at generally the best prices.
Total sales 7lS1cO shares,
Some recessionS occurred in the bond
market in sympathy with the early de-
cine IN stocks, but there was later par
tial recoveries. Total sales, s., $3.50
United States IS coupons and the new
As do, declined 1s In the bid price.
BY Darlington & Cusack
New York, May 2.-rho market opened
strong and a. quite a free advance on
yesterday afternoon. Steel and Wire
and Federal Steel were both strong on
rumorS that the company was TO be alb
sorbed by big steel combination in
Guiding among others, National Steel. Tin
Plate ana Carnegie. After the opening,
however, the market met very free liqui-
dallon throughout the whole list and at
once sold off quite sharply, in some cases
going below the low points of last night
The rumOrS of possible gold exports and
the overbought position of the market,
with some fears as regards the Ford bill,
| together with the forcing out of lightly
margined spectators has caused a de-
cline with the consequent clearing of the
financial atmosphere. The general situ-
alton is n strong one and the stock mar
| ket has been very heavily purchased by
| strong inside interests, and will un-
| dOubtedly sell at much higher prices
| within the month. London for the first
time in the last three weeks has been a
| very large buyer with purchases extend
| ing pretty much throughout the whole
| list. The crop reports of the day as
| usual have been OF more or less conflict
| ing character with the general consensus
| OF opinion that the damage has been
| overstated. Burlington declared the
| usual dividend OF u per cent, which had
| favorable effect on t0e Changers. The
| market seems to us a great purchase at
| present prices and while there is a GER
| tain lack of public buying yet the inside
| interests are 50 committed to new trade
| combinations and are so closely identified
| with those already launched, that il Is
| not possible for them to withdraw from
| ten market at the present time and we
| think that the bull moement has in no
| wise run its course Standard issues
| and the betetr class of industrials are
| all a purchase for higher figures.
Quotations furnished by LABAR &
| FELLlR stock, grain and cotton prok-
:rs, rooms 200 and 2l0 Board OF TRADE
l Po