The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-13
THE MARKETS.
Wall Street Review.
BY Associated Press

New York, March l1.--Quotations in the
Stock exchange left off fractonally above
Yesterdays s close and near the highest.
Trade at the outset was of hesitating
character showing adspostion to follow
any move ON the specialtles. This was IN
dicated by a rise In Eugar, the improve
ment in this stock cancelling the earlier
decline. The market moved sympathet-
ically but very narrowly. Subsequently
there was raid on Metropolitan straight
way which dropped 1t points. This in
cident stimulated short sales In other
stocks with concessions quite material
declines in Manhattan, Brooklyn Tran
st and Sugar any Bay state Gas. The
latter was particularly Influenced by the
action of the Boston exchange authori-
ties in discontinuing trading in the stock.
This action was subsequently, taken by
the governors of the local exchange. The
railway shares moved very sluggishly
and attempts to Improve them were re-
tarded by the heavineSs Of the Union Pa
Ciiic issues in which foreign selling was
quite pronounced, The closing was strong
and active. Total sales were 5lj 400
shares
BY J. r. L. Darlington e. Co.
New York, March 1.-THE week has
been one of movement in specialties with
good deal of StagnatiOn in the general
list Up to Wednesday morning the mar
ket was inclined to be weak, the selling
at times being rather pronounced, as tho
result Of the disappointing bank state
were evenly distributed except in the
coal stocks. The latter were strength
ened by the movements looking to the
control of the business of the indcpeu-
dent operators. no Wednesday after
noon larger offerings of money from out
OF town caused a recovery in prices ana
last night the market showed consider
able strength. The advances were in the
Granegrs. Coalers and specialties gem
orally, Manhattan Railway, Sugar, To-
bacco and Steel and Wire stocks being
the greatest gamers. The declaration of
the regular dividend on st. Paul Thurs
day caused some little disappointment
and the Union Pacific company's action
In declaring only 1l2 per cent on the
preferred affected prices for the moment
IN the eyes of conservative bankers,
however the action Of both boards is re-
garded aS being eminently wise and os-
peCially in view of the rampant specu-
alton in other directions. The railroad
earnings in February owing to bad
weather have been considerably below tho
preceding months, Gross earnings for
lnlted states roads were 22 below last
year. The severe February storm re-
duCod earnings materially and increased
expenses and in consequence the net when
II appears viii be even more favorable
than the gross. The Southern and South
western roads were the greatest sufferers,
the Changers were reporting a small in
crease. ne encouraging feature, however,
is the traffic on the western roads and
especially west bound through traffic.
Last year in March the Letter grain was
SHIPPED east which accounts for the heavy
eastward bound tonnage then while now
we are having the ordinary spring move
ment: consequently, there may be some
| falling off in the earnings of the trunk
! lines during this month The imports up
to end of the week ending March 3, show
an increase of slightly over $4,000 for
the corresponding period of the previous
year but for the week itself a decrease
of about $2,000,O00 due to a certain extent
to the lower prices of grain. The eX-
| ports from the Atlantic ports for the week
against 900 last week and 2,S90 900
bushels year ago. The fact that the
exports keep up at such a volume is a
most gratifying one considering the po-
| sition of the foreign markets. Taking it
| all in all the situation shows very few
| changes and there is no indication of any
| bad feature except possible foreign com
| plications of d political nature which at
| the moent are not of enough Importance
| to be considered seriously The market
| today was inactive and inclined to some
weakness until the publication of the
| ban kstatement which was considered
| fairy good. Following its appearance. the
| whole list rallied on covering by shorts
who had sold previously. The market
closed irregular and fairly steady. Total
sales. stocks 3l6,722 shares. Bonds, $2,-
| $4,000.
Quotations furnished by LABAR &,
| FULLER, stock, grain and cotton brok-
| erS. roms 2O9 and 2l0, Board Of Trade
| Scranton pa.