The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-05-18
THE MARKETS.
Wall Street Review.
BY Associated Press.

New York, May 1.-THE capitalists
behind the Flower group generally felt
encouraged with the firmness and conh-
dence displayed by the market since the
crisis that they made up their minds to-
day TO complete its rehabilitation and to
put prices back to where they were n
Friday last. 1t was not until the latter
part of the day that this purpose seemed
to be taken seriously in hand In fact
the Flower stocks as n group were con-
spicuously quiet during the early part or
the m, day. Their position seemed TO rbe pe
market gradually but persistently hard
ened under various influences, Chicago
Terminal, the iron and steel shares,
Sugar and Tobacco and New York munic-
ipal corporation stock advancing sharply.
In the late afternoon the market was
steadier to dull, Peoples Gas, the Fed
eral Steel stocks, International Paper,
from to points higher. The railways
shared very generally in the latter
strength of the market, the close being
buoyant and active at the very top. To-
tai sales, $50, 400 shares. The demand for
bond bought persistently for pretty
much all issues brought prohibitive
prices.
BY Darlington G. Cusack.
New York, May 1.-THE market opened
strong. at a slight advance above clos
ing prices and continued fairly active
and strong. throughout the Gay, buying
very well distributed. London traded
both ways, buying in the early part of
the day and selling later. Flower brok-
ers were conspicuous in their special
ties, and commission houses report an
increase of business. The Flower stocks
were easily leaders in the advance and
we see no reason why, allowing for mar
ket declines they are not a purchase any
where below their late high prices.
There undoubtedly should be some set
back but 1t will be of a nominal charac-
"A nd 10 70 hn rfnn iG
undoubtedly on the long side of the
market. The crop reports were of a dis.
ttnctly more favorable character and
with the good weather extending all over
the country, there seems very little
question but what we shall have an i'm
provement for the time being, at least.
| stocks generally, Peoples Gas was the
| feature of the industrial market, advanc-
| Ing nearly per cent. on very good buy
| ing and the covering of shorts.
The bears seemed to have been pretty
! we'll licked all along the line and the
| short interest has been greatly dimin,
| ished, so that II Is fair to presume that
| the market may be somewhat erratic
| unless there is continuance of clique
| buying. At the same time, on any weak
| spot it is undoubtedly a purchase. Peo-
| pies Gas Brooklyn Rapid Transit and
| Federal Steel are almost sure purchases
| and the speciaties like Continental To-
! bacco, Rubber, Tennessee Coal and Iron,
| G. T.. & J. should be bought, If at any
| time weak c. f. & |. is almost sure to
| recover it's prices. The news that Gov
| ernor Roosevelt had called an extra ses-
| sion of the legislature on Monday is con-
sidered rather bull factor, the amend
| ments he desires being in the line to
| fairer dealings with the corporations
| The market closed very strong at the
| best prices Of the day.
| Quotations furnished by CARRINGTON
| e CUSACK, stock and bond brokers
rooms 4l0 and All Connell building, Scran'
| ton, Pa