The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-04-26
THE MARKETS.
Wall Street Review.
IN Assoclnted Press.


New York. April 25-Dealing In stocks
today was rather dull. The market was
generally heavy in the forenoon while In
the afternoon strength appeared es.
pecially among those stocks which had
been most depressed early. The Changers
initiated the Improvement coincident with
the weakness in wheat. London was n
seller of the internationals, particularly
of Louisville and Southern. Although the
professional element was bearish specu-
lation throughout displayed an under
tone of resistance which caused many
OF the trading element to reverse their
tactics. Among the generally inactive
shares very material advances appeared
In Minneapolis and ST. Louis, Detroit Gas,
Canadian Pacifls and Illinois Centrl.
Anaconda Mining advanced sharply on
continued gossip connecting II with the
proposed consolidation Sugar, Glucose
and Metropolitan Wheel was supported
and Tennessee Coal more than recovered
from It's early weakness Gossip was re-
vivcd of some alliance among the Sugar
and Glucose interests but nothing definite
was made known in this connection, par
ties who should know being non-commit-
tai. In the money and sterling exchange
markets steadlness prevailed at practical
~ strong quotations. Strength prevailed
In the dealings until near the close when
heavy realizing, especially in Manhattan
and other transportation shares, cut off
part OF the advance, leving the market
weak although a number of shares re-
tanned good advances on the day. Total
was well distributed today and prices
were in the main higher Total sales. S3.-
GS5.OOO. United States IS coupon declined
IL in the bid price.
BY Darlington G. Cusack.
New York, April 2j.-The market opened
fraCtionally above last nights close, on
the better feeling in regard to the Cogh-
Ian incident, and during the greater part
of the day showed considerable strength.
The strength of the srecialties induced
covering and prices advanced sharply,
notably in the case of the Changers. es
pecially of Rock Island and AtchisOn
preferred. Flower brokers were quite
free buyers of Brooklyn Rapid Transit,
ana there is no question but what pur-
ChaSes around 81 will show 20 points IL
held onto within the next sixty days. In
the Specialties. Manhattan Beach was cX-
cessvely strong on continued buying for
control. tennessee Coal was one of the
weak features on continued LIQUIDATION
1of plohts London was Il very small fea-
ture in the market trading on both sides.
Ihe market shows the effect Of profess
sional trading and is alternately weak
and strong as the board sells or covers
on the news. While there may not be
any great upward movement for a little
time at least at the same time, on Ill
depressiOns the whole list is purchase
Tor quick profits, holding some of the Sc
curitieS bought for much higher prices.
The professional element is gradually
creating large short interest, and
wien lne upward movement starts, II
Will be very sharp and very well suS-
tained, and we strongly advise the pIr-
chase of Brooklyn Rapid Transit Fed
eral Steel. Louisville and Nashville.
Southern Railway preferred. Burlington
and the specialties generally, for much
higher prices. Metropolitan Street Rail-
way is going to move very shortly AMI
towards much higher prices and pur-
chases anywhere below $50 will show at
least 80 points profit If held throughout
the year. The prompt action of the gov
ernment In disaVoWing responsibility for
| Captain Coghlan's utterances has had a
! very good moral effect abroad and no
| further complications need he expected
! from that source. Money is gradually
| working easier and the conditions at the
| moment certainly warrant q renewal of
| u bull market. Continental Tobacco is
| going to fool some of it's friends. il is
| very skillfully manipulated and the end
Will undoubtedly he much higher prices.
| The close was irregular but strong.
Quotations furnished by LABAR &
| FULLER, stock, grain and cotton prok-
! Frs, rooms 200 and 2lo Board of Trade
| building, Scranton, Pa.