The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-23
THE MARKETS.
Wall Street Review.

market had a highly professional APP
pearance today, with marked Irregular
ity in the specialties where interest
conferred and moderate Improvements in
the railways, which were comparative
ly neglected. An easier tendency APP
peared early, sympathetically with
London quotations, and prices moved
nervously in the general market, while
among the specialtes fluctuations were
In many cases sensational Sugar, after
a slight rally, broke to 15S and then
rallied, moved about aimlessly and
finally jumped to 169, eased off but re-
tained 6ls points of its advance Brook
lyn Transit dropped off sharply. but
recovering. left off fractionally above
yesterdays figures. Manhattan was
lifted over 8 points. Third Avenue re-
gained much of its loss of yesterday,
closing 8 points higher on the day. Con-
solidated Gas dropped points, half of
which 1t regained. Continental To-
bacco and American Tobacco declined
45s and 2h respectively and left off at
the lowest. New York Air Brake
plunged down ID points on small offer
ings and recovered only 3. General
Electric broke over points, although
a slight rally followed. American Steel
and Wire was strong and Federal Steel
was sympathetically so to a lesser eX-
tent. The anthracite coalers, partiCu-
larly the Readings and Jersey Central,
made material progress upward until
realizing in the Readings caused an
casing off from the best. The grangers
showed n somewhat hardening tend
ency and the market closed strong.
Total sales were 653,400
Good support was noted in some
quarters of the bond list, but there was
liquidation in other sections which
caused some irregularity. The in
creased ease TO call money Influenced
more general buying of the better
known semi-speculative mortgages.
Total sales were $2.750,0O0
BY ]. r. l.. Darlington & Co.
New York March 22-The market
opened fractionally higher and fairly
strong. Sentiment seemed to he some
what mixed, traders holding off to see
what the movement in Sugar and the
other speculative fancies were likely to
be, before taking a firm stand on the
market Brooklyn Rapid Transit opened
ly recovered its loss. After the first 10
| minutes, buying in the coalers, American
Steel and Wire and the Changers start
ed sharp upward movement which eX-
tended pretty well throughout the list.
London did very little at opening, trading
in but 1000 shares selling their specialties
for. the most part, They bought some
Union PaCifics, selling Ontario and West
ern, Reading preferred and AtchisOn
preferred. steel and Wire has shown
| quiet absorption for the last four or five
days by inside interests, and while IL may
| sell of a bit from present prices, pur-
chasers who will hold, will find the stock
selling IN the eighties long before the
| year IS past. The company is doing a
| large business and on its merits the stock
| is very much too low.
Money was quiet up to the noon hour
lending as high as 6 per cent; and as low
| as Si2 per cent, affecting the list very
| little. The market was unsettled, during
! part of the day by sharp break in Gen
| eral Electric which was affected by spe-
! Clal cause. Air Power. which we called
! your attention to yesterday was particu-
| larly strong i'm the outside market and we
! make the prediction now that II will sell
! above $50 within the next three months.
/ The stock is very closely held by people
! identified with the company and Of the
/ very highest financial standing and as an
! Investment to hold, we know nothing to
/ snow Such appreciation of value as the
! stock of this company. Around the noon
! hour, the market appeared somewhat dun
/ but showed an underlying strength which,
/ considering the adverse conditions is most
! encouraging. We think, ourselves, that
! the market may sell off somewhat from
| present prices. 1t is apt to be unset
| tied and the movements except IN Spe-
cial instances somewhat erratic. until af-
! ter the middle Of next month, but there
/ can be no question as to the ultimate
! outcome and purchases of Burlington and
| quincy, Coalcrs. Union Pacific Federal
| steel. common and preferred and Steel
! and Wire and Tin Plate if held will show
! large profits.
| Pennsylvania railroad we desire to call
| your attention to specially. The stock is
! not active at moment and is steady
around 1872 If it can be purchased any
| whore near 100 il may be bought with ful1
I assurance that It will sell above 100 be-
| tween now and early summer 1t is by
far the best security selling anywhere
! near its present price and Is undoubtedly
both i'm physical and financial condition
| and as to management the greatest rail
| road in the country. Its stock is ridicu-
louSlY low, considering the outlook and
! its merits. The feature of the market in
| The last hour was the continued strength
| i'm Brooklyn Rapid Transit and Manhat-
| tan, The strength of the former was at
| tributed to renewed buying by Flower in.
| terest; to the latter to covering of shorts
Of which there is considerable. The Goa
| stock continued active and strong up tC
| the close. The balance of the list being
| duh and inactive. Market closed strong
| Quotations furnished by LABAR &
! FULLER, stock, grain and cotton brok-
ers, roms 2O9 and 2lO, Board of Trade