The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-30
THE MARKETS.
WRll Street Review.
BY Associated Press.

DS ASSoCldleu 1TeSS.
New York March 29.-The bull move
ment In stocks which started Saturday
received Its first material check shortly
before noon today The dealings We're
considerably above the million share
marx with nearly quarter of a million
of the transactions In Brooklyn Rapid
Transit. The sensational advances in the
forenoon brought about realizing sales
on an enormous scale in the late session.
Brooklyn Transit made an extreme ad-
vance of 3 points, dropped over and
closed with a net advance of points
from the top in this stock which sold to-
Day over 100 points above figures pre-
Nailtng last April, was on large blocks of
stocks thrown over by the traders but
on the decline supporting purchases by
the parties identified with the property
resulted In rally AS in the manipula-
tio9 OF this stock many brokers refused
and II Is difficult to say whether the de-
cline was on genuine realizing or to shake
OIL an undesirable following. Reports of
q mitch in the delivery of certain proper
ties TO the Continental Tobacco company
ana tax of the possibility of trade fight
Kept the tobacco stocks weak most Of the
day, American Tobacco being off over 8
points and Continental 2ss. Federal Steel
ana similar properties suffered on realiZa-
tions. Weakness also developed in Gen
eral Electric, Rubber, Atchison preferred
ana the Coalers The Granger stocks
showed good gains in the early part of
strength and receded at the rest of the
market in the early afternoon. The mar
sharp losses The total sales were III 600
shares Railroad bonds participated fully
IN the Nagaries of stocks today but tn }
range was well within the point Of the
| most active issues Total sales were 81
| 345,OOO. United States government bonds
were unchanged in bid quotations.
| BY Darlington e. Cusack.
New York, March 29.-'rhe opening was
quiet but strong. the Flower stocks as
! general being the leaders, Brooklyn
| Rapid Transit being up points and Fed
eral Steel 1la. The other strong features
| were Metropolitan, the Vanderbilt stocks
and New York central. The weak fea-
ture was Continental Tobacco, which sold
down per cent. on an attack of the local
| papers. Around noon, the traders at
| tackled the market on the theory that the
advance had been too rapid, and that Il
| material setback was due. Commission
| houses We're prominent buyers on the re-
| cession, and while it is possible prices
| may sag off somewhat further, the mar
! ket Is a purchase. should it do so.
In the early afternoon, the realization
| by traders and some short selling carried
| prices somewhat lower. but the buying
by commission houses still continued.
! Brooklyn Rapid Transit. after sharp
! advance of about points sold off, but at
! low prices the stock was well taken: The
| strength in the Nandcrbilts continued
| with some recession from the best prices.
| Atchison preferred was the weakest fea-
! ture of the railroad list, selling off sharp
| ~ over j peE cent, fear that earnings
were going to show badly. The weakness
| in the market in the afternoon was due
| to the fact that Friday being n holiday
| and a great many contracts were closed
| out IN order to prepare for this adjourn
| ment,
The decline in some instances were very
! sharp, Brooklyn Rapid Transit selling
! down to l2S on execution of stop orders
! ana the list generally weakened under
! the heavy realiZationS by commission
houses and traders throughout the street.
| ing the stock up.
Money advanced in the late afternoon