The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-16
THE MARKETS.
Wall Street Review.

New York, March 15.-The changes
i'm stock prices today were mixed with
losses prevailing, For the greater part
of the day stocks were under pres
sure, in part due to the strength in
the call money market, whe"J per
cent was received for some loans
though most of the business was at
per cent. The selling of Manhattan
was attributed to the underwriting
syndicate of the issue of new stock,
although there was no means of ascer-
tanning the real source. The stock
closed with a loss of nearly two points
after an earlier extreme decline 33s.
Kansas City, Pittsburg and Gulf left
off points down in anticipation of
possible heavy assessment in the plan
OF reorganization. American Steel and
Wire dropped 19s with a smaller SYM
pathetic recession in Federal Steel is
sues. There were fractional recessions,
too, in Northern Pacific, Atchsons, the
Readings and the Changers. American
Tobacco rose two points but Contin-
entail Tobacco, now dealt in in the un-
listed department, made, compared
with the opening, a net loss of rs for
the common and for the preferred.
New York Air Brake jumped 10A
points; and Consolidated Gas, however,
rose "a Metropolitan Street Railway,
Peoples Gas and Sugar gave some evil
dence of strength. The closing tone
was uncertain with prices below the
best and above the worst. Total sales
We're 100 shares. Todays bond mar
ket, while irregular, showed a yielding
tendency with extreme weakness in
Kansas City, Pittsburg and Gulf frsts.
Total sales, $780, 900. United States
new as registered advanced Is and do.
coupon "a in the bid price.
by j. X. l.. Darlington & Co.
New York, March l5.--The market
opened below last nights and at once sold
on under pounding by traders and very
heaVy selling for London account The
chleI trading was in Ontario and West
efll, Atchlson, American Steel and Wire
ana Manhattan The last two being CON
Splcuously weak. Money was bid up TO
, per cent in the early morning induc-
ing traders to pound the whole list. Man
iattan Is beginning to bear fruit; when
the stock was lis, we advised its sale for
par. 1t sold very close to 1903 and we have
no doubt will sell as close to 50 within
leNl Two months, At the moment Il
SHOWS some disposition to rally and may
go up again around 10 or l12 At any
place above 100 ii is a great sale how
ever. steel and Wire common was very
weak on liquidation of a long account
which had been thrown on the market <
owing to the discrimination against the
stock as collateral. 1T is safe purchase
on any weak spots, however. The market
continued very dull and exceptionally
weak up to o'clock. when a sharp ad-
vance in Brooklyn Rapid Transit and
Flower stock generally, started the
traders and light wasted bears to cover
ing and the market sold up in some
cases above the opening prices.
AS we said yesterday the market is no
sale on these very weak movements. 1t
Is a sale on very strong spots and while
professional as it is now should only be
traded in for short turns. The tightnass
of money of the present week is un-
doubtedly due to the Central Pacific and
Alton payments, this need be considered
except as a temporary condition. At
same time, for the next thirty days. we
are lab!e to have certain amount of
Strlngency and for that reason. we do not
believe in purchases except as the mar
kot shows evidences of being oversold,
on weakness, however the Flower
stocks, some of the CoalerS and we
think, burlington and Quincy are pur-
chase. The latter has been the favorite
bear foot ball for some time and is be-
ginning to show evidences of being over
sold Market closed irregular but firm.
Quotations furnished by LABAR &
FULLER. stock, grain and cotton brok-
ers, roms 2O9 and 2l0, Board of Trade
building, Scranton, Pa.