The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-29
THE MARKETS.
Wall Street Review.

BY Associated Press
New York, March 2S.-Strength pre-
vailed nearly all day in the stock market
with total dealings Of over million
shares. The effect of extensive realizing
was not felt until near the close when the
tone was easy but the recessions still
left material advances in many stocks.
Practically the only laggArds in the list
were the Morgan stocks, including the
Coalers, Louisville, AtchisOn preferred
and Manhattan. The latter was weak
the underground road which the Metro
politan company offered to construct.
metropolitan jumped to 269 at the opening
ON the assumption that it would profit by
an underground railroad being thus re-
lteved of the long haul in its surface
cars. The stock later lost points of it's
advance. The conspicuous strength of
Northwest which made q net advance OF
"a after an extreme advance of points
more, had n good effect on other rail-
ways, particularly the Vanderbilts and
Pacifcs. Omaha rising points. Sugar
on comparatively moderate dealings rose
Ils, retaining more than half of its adj
vance. Tobacco stocks were sharply ad-
vanced in anticipation of the increased
capitalization of the American Tobacco
company at the stockholders' meeting
today. Brooklyn Transit advanced 5
points and Consolidated Gas s. while Am
erican Tin Plate and Peoples Gas also
showed strength. Total sales were 1,0S3,-
2C0 shares.
BY Darlington & Cusack.
New York. March 2S.-The opening was
rather quieter than was generally eX-
pected but on the whole fairly active.
After the execution of opening dealings
the market sold off with quite free real
tzations in Burlington and quincy and
the Grangers generally. The principal
feature was Metropolitan, which opened
up sharply but sold off Immediately. The
lower stocks We're the strongest eaturcs
or the list today and had it not been for
the temporary tightness in money in the
1ftprnODn 10 M nm
tlOn hut what Federal Steel would have
carried out our prediction of yesterday
London at the opening was. a seller but
on the decline turned to buyer taking
some 25O0O shares. The February state
ment of Burlington and Quincy showing
a decrease of 10000 in gross and $1Sj,9OO
IN net was rather better than expected
The market throughout the day neld
wonderfully strong with another sharp
advance I'm Brooklyn Rapid Transit and
Continental and American Tobacco, Tin
Plate was especially we'll taken during
the early morning, but seemed to meet
with some inside stock around 45 which
checked the advance temporarily. Hold
ers need have no fear of the outcome.
The strength in New York Central ard
Northwestern was accompanied by iu-
mors of further developments before long
in the Vanderbilt deal. We are given
to understand that Union Pacific pre-
ferred has been bought by insiders with
this end in view. Federal Steel common
IS a great purchase on any weak spot.
The stock viii undoubtedly sell at much
higher prices and should be held for at
least ~.
There Is some probability of further
closeness in money during balance of this
week 1t is pretty generally understood,
however that 1t is only temporary
character and probably will have little
effect on the general list. The general
market shows very strong position, and
while there may be some sharp declines
In some of the speCialtieS. we think there
Is little danger of any material setback
Just Mt the moment in the list COnti-
mental Tobacco is going to sell at much
higher prices as is American Tobacco.
You cannot go wrong in buying either of
these stocks. Market closed strong with
recessons from best prices.
Quotations furnished by LABAR &
FULLER, stock, grain and cotton brol-
ers, rooms 200 and 2l0, Board of Trade