The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-03-31
THE MARKETS.
Wall Street Review.

By Associated Press.
New York, March 90-The movement
In stock prices today was very irregular
with net changes mixed, but with losses
eral Steel, Brooklyn Rapid Transit and
Manhattan figured for nearly half the
tot, total sale sales on the exchange, which We're
on the largest dealings of any one stock
a9Vanced i9sc., closing at the highest.
Inc preferred sympathetically rose ia.
brooklyn Transit which has been very ac-
tive and strong all week closed practical
~ unchanged although at one time 1t was
up points and at another as much be-
low last night. Peoples Gas, another
tlower specially, moved similarly but
on less wide fluctuations likewise closing
about unchanged. There was no news at
tending the movements In these proper
ties. Rumors of n possible cooperative
arrangement between Manhattan and
Metropolitan raised the former 5sI, the
highest quotation being at the close and
metropolitan 1&. Third Avenue rose 8
points in expectation that companys in
terest would not suffer as much as an
tlclpated by impending legislation. Sugar
retained 21a points of the point rise CO.
Incident with the advance in the refined
arudle. Continental Tobacco made a
fractional advance after large recess
sion sion IN the the early trading; The market
sales were $4,000 shares. res Business in in
bonds fell off considerably today and
some weak spots cropped out. The main
tendency of prices, however was toward
higher plane with the Atchsons and st.
Louis Southwestern issues in good de-
mand. Total sales So 900 O0O Govern
ment bonds were unchanged in bid quo
tations.
BY Darlington & Cusack.
New York, March 30.-The market
opened Irregular and inclined to be weak
que TO the fear of tight money during the
day and the reported trouble in Samoa
During the early part of the day there
was some sharp declines throughout the
whole list with the traders working on
the short side of the market. In the late
morning hours, however, an aggressive
movement started In Manhattan which
carried the stock UP five per cent. over
the opening price following with which
lne knowledge that money was freely Of
Iered at per cent started a covering
movement throughout the list with good
buying In Federal Steel, common, Brook
lyn Rapid Transit and Manhattan that
ried prices in some instances to record
figures. In the early afternoon the
strength of the spedalties frightened
the bears and there was running to cover
throughout the whole list.
There was considerable buying by COM
mission houses and the whole ticket a
couraging to the advocates of higher
prices. The knowledge that high rates
for money is due to special causes is very
well known and aside from some incon-
-
If any effect on the buying of Sugar
throughout the day was of very good
character and it looks as If the stock
might start another upward movement
II has made some short interest in the
last few days and any attempt to cover
may cause an advance.
| seems possible that Federal Steel COM
mon Will carry out our prediction within
the week. Certain conditions are pending
in the stock which we think will carry
IL to par, end we strongly advise pur-
chases on any recession.
Tin Plate common is likely to make a
move very shortly. When the advance
begins it will go up very rapidly and may
be safely purchased for the sixties or
seventies within a comparatively short
time we think. Manhattan is being taken
by a very strong pool and we think is q
purchase on any attack which may sell
the prices off 2 or per cent. There are
some aggressive bears still left in it, and
they are liable to try and force prices
lower but the stock seems TO be well in
in hand and while its intrinsic merit is
very doubtful, 1t is liable to sell up in
such market as we are having. The
close was strong and active.
Quotations furnished by LABAR S