The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-27
THE MARKETS.
Wall Street Review.

New York. March 2j.--Stocks were very
strong today and with transactions or
over half a million shares to two hours
session. the material gains were quite
general and quOtati tions closed at about
the best. The iirmness for American Sc
Curities in London in anticipation OF the
fortnighty settlement the reappearance
of large factors in the market, less appre-
hension as to the monetary system, and
the nearness of the close of certain state
legislatures were all assigned as reasons
for confidence in market operations The
announcement of the formal transfer of
the Brooklyn Union Elevated to Brooklyn
Rapid Transit interests gave particular
buoyance to the Transit company's stock.
which rose Az points on large dealings
There was jump of 1 points in Long
Island railroad which is understood to
have working arrangement with Brook
lyn Rapid Transit. Tho market closed
strong. Total shares were 5i7,S00 shares.
This weeks bond market showed gen.
orally healthy tone with notable improve
ments in many securities. United States
new 4s registered advanced q do. coupon
q; the IS, the IS and the old IS coupon
y, and do. registered % in the bid price.
BY Darlington & Cusack.
New York, March 25.--The week has
been one of great activity and strength
in the stock market. Less interest has
| been shown in the wild moves of sugar
and one of the best features of the mar
ket has been the steady demand for the
Standard stocks as distinguished from
Traction stocks and Coalers have been
the main features with persistent and
| heavy buying of inside interests in all
three. March earnings have almost en-
tirely recovered the losses of February.
| The earnings for the second of the Unit
ed states roads show improvement, and
are better than in any week this year.
except third and fourth weeks in Jan
uarN. The two weeks in March show an
| Increase of 81 per cent. over last year,
ana per cent. over 's2. The gain has
I hoo. t1vs L.
| western roads, with n, slight loss in the
| Pacitics. General business goes ahead, ex-
| panding from week to week with an en-
| tire disregard of the speculative condi-
| country are c9.2 per cent. greater than
| last year and 402 greater than '92. Bust
ness evcrywhere is large enough TO war
| rant an expansion of industries, and that
| is the thing that is most important to
! observe. in no branch is production di-
mnished, and in all it has increased The
| swarm of new combinations really pro-
| duce less influence than might be eX-
| pected. Most people know that none of
| them has an actual monopoly, in any and
| all have to sustain themselves against
| competition. so that while "A few are in
| terested, the majority take their forma-
| ttons with calmnCss and without any sus-
| piCion that the industries Of the country
| Will he in any way controlled by the gil
! Eantic combinations now so popular The
| outlook is certainly for better prices The
| increase In the volume of money in actual
| Nlltuldllbl mas Dttn SO large ana SO well
| distributed that the country is in a semi
| speculative character without interfering
| with the resources they may need in their
! general business uses. For that reason.
| the buying of Standard securities Is of
| such character and the absorption is
! made in such way as to practically re-
| move from active speculation n large
| volume of floating stock and in conse-
| quence the amount applicable to the uses
| of the street is cut down to such figure
| that 1t is comparatively easy matter 10
| sustain prices without any great cost.
| While such conditions exist. no fear of
| any material decline need be considered.
| Today's market showed remarkab bic
| strength at the opening with renewed adj
| Nances in B. K. r. and the Grangcrs
| The list continued strong throughout the
| session. The bank statement was a neg
| ative one. the only bad feature being The
! heavy increase in loans, which was part
| ly made up by the increase i'm deposits
| Market closed active and very strong.
| Total sales; Stocks, 5iTS22; bonds. PIG, 600
| Quotations furnished by LABAR &
| FULLER stock, grain and cotton brok-
| ers roms 209 and 21O, Board of Trade
1Na