The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-04-27
THE MARKETS.
Wall Street Review,

BY Associated Press.
New York, April 90. The net changes in
prices were generally triling today. with
advances however outnumhering de-
clines. London bought about 1900 shares
and there was rather cheerful tone to
the early trading Sin months money
was offered on railrcGd stocks and at
on mixed collateral, and sterling ex-
change was teady at unchanged Quota
tions. The crop advlccs noted some Inn
provements and as consequence she
Changers were strong for Il time but on
realizing left off with irregular changes.
Many of the specialties after early
strength became weak and among those
which receded below yesterdays prices
were Glucose. Sugar, Continental To-
bacco. National steel American Smelt-
ing and international Silver. Denver and
Rio Grande and Mexican Central were
helped by the rise in silver ePnnsYlvania
rose points net on gossip of an i'm
pending stock privilege, the character Cf
which was not diVulged, aud New York
Central sympathetically gained nearly
point Union Pacific and Norfolk and
western were also strong spots among
the railways. Anaconda Mining held
moro than half of a point rise on re-
ncwcd talk of the rumored copper deal.
Brooklyn Transit rose over points on
manipulation with accompanying rumorj.
Advices that the certificates of the Man
haitian Oil company. the property of Peo-
pies aGs. would be distributed to the
stockholders of the later concern. lifted
Peoples Gas a handsome fraction. The
Coalors became very weak in the final
trading. LaCkawanna dropping 3Ia on
the rumors of impending labor difficult
ties which the officials of LaCkawanna
pronounced exaggerated. The break in
the Coalers induced liquidation elsewhere
and the market closed weak and active.
Total sales, Hj,lO0 shares. Coincidcnt
with the easier tension to the monetary
sitnation. dealings i'm bonds became
larger and there is more urgent de-
mand for greater issues. Total Gales,
T,lI5,mO United States IS coupon de-
clined Il and the old As coupon 4 in the
bid price. The new IL advanced b
BY Darlington & Cusack.
New York, April 2G.-Thc market opened
strong all around this morning and up
tractionaiy on most all stocks. Ana
Gonda led the list opening at So and sell
ing up to 7Ols. Brooklyn Rapid Transit
again showed the strength that Flower
stocks all feel when the governor gets
ready to advance them. In our last
nights letter we called particular atten-
ton to this stock predicting a 20 point
advance within sixty days. if it goes as
1t did today the 20 points will be realized
much sooner than our estimate. The
steel stocks were quiet but firm, prices
Oh steer hillets have reached the high
est point at Iittsburg, selling at $3.50 per
ton, in thousand ton lots for delivery in
three or four months This is considered
ny steel manufacturers as an indication
that there is little danger of a backward
urn IN steel trade industry When we
consider that steel rails sold for S17 per
ION Only little over a year ago, the
immense profit being realized by the steel
trade can be appreciated and the divi-
dends they will he enabled to pay will
surely send the stocks to a very high fig
ufe: lhe Federal Steel company own
their own mines, railroads, steamboats,,
ana steel plants, thereby making all the
profit on the finished product, and it
therefore can be appreciated that when
they say they can pay 10 per cent. on
their common stock this year they are
not making any eXtravagant estimation.
Federal steel stock bought and held will
make handsome profits. Gables on wheat
were again lower and July option sold
down to 1la with the damaged winter
crop and the Argentine shipments fall
Ing off, wheat should be purchase at
these prices.
Quotations furnished by LABAR "
FILLER, stock, grain and cotton prok-
FRS. rooms 200 and 2lC Board of Trade
building, Scranton Pa