The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-04-18
THE MARKETS.
Wall Street Review.
by Associated Press.

BY Associated Press.
New York, April IA rise In call
money and a recurrence of discrimina-
tion in loans against the industrials
caused prices to recede below Saturdays
close In the afternoon trading. Tho mar
ket, as usual or Monday after a strong
Saturday closing opened active and strong
on an accumulation of outside orders.
Except for u squirt of strength in the
Changers, with Burlington leading, al
though they subsequently lost about all
OF their earlier gain, the dealings wero
largely confined to the industrials and
speclaltics. Prominent In the carly
strength were the Tobacco, iron and steel
shares, cAnaconda Mining, Cotton Oil
and General Electric. Manhattan, Sugar
and Brooklyn Transit We're consistently
weak, although Brooklyn Transit re-
covered somewhat from the lowest. Many
OF the specialties which had advanced
most readily early were equally conspic-
uous in the afternoon decline, especially
Continental Tobacco, Federal Steel, COL
orado Fuel and Iron and American steel
and Wire. The general market left off
rather weak. Total sales. Sil700 shares.
business in railway mortgages was well
distributed today and a generally higher
3O65, 900. United States new As regis
tered the old Is do and the IS registered
advanced Il and the new Is coupon Ii
In the bid price.
BY Darlington & Cusack.
New York, April THE market opened
fairly strong in the Changers. but with
some liquidation In Brooklyn Rapid Tran
SIT and Manhattan. The buving of rail-
road stocks during the early morning
was very good Influenced by more favor
able crop reports from Washington and
also by favorable bank statement of last
saturday. Realizing began in the list
however, shortly after the opening and
at times the market sold Off quite sharp
ly. Brooklyn Rapid Transit, Manhattan
and Federal Steel being the greatest suf-
ferers. The decline, although II was un-
explained was not unnatural considering
the sharp advance that has taken plac
since the late break and we do not think
holders need have any fear OF the out
come. II rs possible there may be again
somewhat lower prices, but we do not
| think the break, If II comes, will be any.
thing but temporary one. The market
has two very decided sides to II, but on
an recessions is great purchase. Bur-
| lington, Tin Plate, Brooklyn Rapid Tran
| sit ana Federal Steel are going very much
| highC" in the near future and should be
| purchased. Colorado Fuel and Iron is
| ais" good purchase around the present
| prices Towards the close. traders COW
| cred freely throughout the whole list,
| causing the sharp rally from the lowest
| prices of the day, and there is prob
| ability that the reaction is over. Con-
| tlnental Tobacco was very strong
| throughout the day and inside buying
| continues around these prices. II would
not surprise us If the stock has another
| sharp advance within a short time. We
| see nothing in the situation other than
| local conditions to change the trend of
the market and advise purchases when
| ever weak as ii was today. The close
| was steady at a fair recovery from the
| lowest prices.
| Quotations furnished bv LABAR &
| FULLER. stock. grain and cotton prok-
ers, rooms 2O9 and 210 Board of Trade
! N.aat1 =