The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-02-25
THE MARKETS.
Wall Street Review.
~ Associated Press.


New YORK, Feb. A-Stock quotations
today were decidedly irregular and the
movement was in me respects counter
part of yesterday. Prices opened favor
ably for the BUNS In u number of stocks
the industrials and the specialties being
prominent. Subsequently values moved
alternately down ssNup leaving the net
changes with losses averaging point IN
prominent railways accompanied by some
sensational advances among the special
ties, The dispatch from the American
naval commander in the far east, re-
questing the presence of a battlcship ior
political reasons was considered posslnle
of an unfavOrable Interpretation but the
rout Of body of the Fllpinos by the
American army in a measure onset inc
other advlces. London, after some firm
ness, was aseller on balance. The inter-
national shares were generally fractlonal-
ly higher In the early dealings while the
advance in Burlington. Tobacco and the
steel stocks gave an carly appearance or
strength. The smart recoveries from yes
terday's close failed to hold In the case
of the railways. There was considerable
professional selling as well as some pro-
nounCCd realizing and stop loss orders
were reached. Traders were induced 10
sell on the idea that there would be an
other substantial decrease in the bank re-
serve statement. The market displayed
feverishness as the contending interests
succeeded in either lifting or depressing
prices than dealings contracted with
somewhat professional appearance to the
afternoons trading. The highly favor
steel Industries and intimations that the
relations of the leading interests would be
closer led to an extreme advance OF 59s IN
American Steel with which Federal Steel
sympathiZcd to the extent Of 3Ssc., It's eN-
tremc rise. Sugar was somewhat weak
at one time on the continuance of divi-
dend rumors and International paper
shares receded on realizing following the
declaration of dividends of li2 on the pre-
ferred and l on the common. The selling
of the active list began with heavy realiz-
Ing I'm Burlington and Sugar. Total sales,
S9l 100 shares. The feature of today's bond
trading was the active inquiry for San
Antonio and Arkansas Pass fours which
Improved points. The general market
was very irregular, weakness and strength
developing in many issues. Total sales,
100000. Government bonds were un-
changed in bid prices.
BY J. r. L. Darlington & Co.
New York, Feb. H.--The market at open
ing was fractionally higher than close
and showed some supporting orders In
Burlington and Quincy the Coalers and
American Steel and Wire. The buying of
American Steel and Wire was very ag
gressive, the stock selling above So. an ad-
vance of over 10 points since we first be-
gan to bull 1t. 1t may sell off somewhere
in weak market but IL Is bound for 20
ard will reach there before the first day
of June next. The action of the market
this morning indicated very clearly its
future course In our opinion. 1t was un-
stocks here and the decline which APP
peared later in the day was but the nat
ural sequence Of the manipulation of m
sidors The bank statement tomorrow we
are inclined TO think may be unfavorable
and ii looks to us as If the bloom was off
the advance for the time being. Money
Is beginning to move quito freely to the
interior and as We said yesterday banks
were calling loans to a small extent. We
do not advise purchases at present mo-
ment except on material weakness and
then profits should he taken on any sharp
advance when may come in the mar
ket. American Tin Plate business of the
United States are doing at this time a
very large and profitable business. Earn
ings on common stock are at rate of very
nearly 10 per cent. per annum and pur-
Chases If made around these figures and
held irrespective of market prices tenn
porarily will show very large profits. We
do not wish you to understand that we
are beariSh on the market, the tendency
at moment may be downward but tho
ultimate outcome as we have often said
will be towards higher figures. Should the
market run off much more no mistake can
be made in buying up Southern Railway,
Reading, Pacific Mail, American Steel and
Wire, American Tin Plate, International
Silver, Metropolitan, American Mating
and Ontario and Western. The Coalers
are doing relatively better Just at mo-
their increase I'm earnings will undoubted-
ly be reflected in the price OF their secur-
tiles. We think Delaware and Hudson
can safely be purchased for 12O. 1t may
be a little slow to move but the dividend
Will more than pay carrying charges and
IT is very safe at these prices. Market
closed strong.
Quotations furnished by LABAR &
FULLER, stock, grain and cotton brolS-