The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-14
THE MARKETS.
Wall Street RevieXu

New nOfk, March 13.-The stock mar
ket generally worked fractionally lower
today for the railway list with the most
activity in the specialties. Tobacco
was feature with a rise Of six points
net. American steel and wire shares
generally were conspicuously strong In
the forenoon, but later lost ground.
American steel and wire preferred went
up two points in anticipation of a divi-
dend would subsequently be paid and
the stock eased off on realizations.
metropolitan Street railway showed al
ternate strength and weakness, while
Thlrd avenue was decidedly feverish,
ana they ended with a loss of 1lS each.
Consolidated Gas met with a loss OF
three points. There was comparatively
little doing among the anthracite coal
ers and Lackawanna and the Reading
seconds were materially higher, while
the rest were fractionally up. The gen.
eral railway list was irregular. Total
sales, $4,000 shares.
by j. r. l.. Darlington & CO.
New York, March 13-Market opencd
generally strong with advances i'm the
1CaierS, Tobacco and American Steel and
wire stocks. The specialties were gen
e;raiiy higher but on opening prices. real
'OOh pace lncSe DIlCpS SOLD OF
70 the extent of large factions The trad
ing the first few minutes seemed TO be
entirely professional. London was in
cured 10 BUY small quantities of its spc-
Tialtles principally Atchison preferred, st.
faul ana Union Pacific tocks. The chief
feature was large deal in Anaconda
ana ana with large selling for London account.
The markets act very peculiarly and al
the moment seems to be entirely i'm the
handS OF professionals who are taking
snort profits on both sides
me bank statement Saturday was SO
mucn better than expected that there was
hope that some outside buying might de-
Nelop, but as far as we can see, commits
son houses are doing a digit business
ana trading Is mostly confined to cliques
and room itself. Flower interests are
taking very bullishly on all their spe-
cialtics and predicting much higher prices
especially for Brooklyn Rapid Transit.
me governor has shown his ability to
hande his securities in such n way as to
follow out his previous utterances and it's
possible the stock may sell considerably
hgher. At the same time its intrinsic
worth is somewhat doubtful and from
investment standpoint It would be more
near its true value, If it's present prices
We're reversed the market continued dull
ana fairly strong up to late in the after
noon, when an advance in the rate money
TO per cent caused some selling
throughout the whole list, dropping prices
fractonally.
There was no particular evidence of
LIQUIDATION seemed to be as much by
earl ybuyers as by holders. We are in
cined to think that the market will huc-
tuate within narrow limits with the eX-
ception Of the speCialties which will un-
doubhtedly move freely in both directions.
The first declaration of the dividend on
steel and Wire preferred caused some
little liquidation in the common stock.
II may sell off somewhat from the pres
ent, but Is purchase on all weak spots.
There Will undoubtedly be a dividend on
common stock next July and from what
We know of the common, the first divi-
dend paid will be followed by others for
some time to come. Tin Plate today
showed some evidences Of being ripe for
advance. 1t Is in even better position
than American Steel and Wire and we
Know no better purchase than the COM
mon stack on or around present prices
Market closed irregular and somewhat
below best prices of the day with a little
selling in the Changers and Coal stocks.
Quotations furnished by LABAR S
FULLER stock, grain and cotton brok-
ers. roms 209 and 210 Board of Trade