The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-04-22
THE MARKETS.
Wall Street Review.

BY Associated Press.
New York, April 2l.-Prices drifted aim
lessly, mostly lower until the final hour
when the strength of Louisville and Nash
vile and some covering of shorts left
the market irregulary changed for the
day. For the greater part the market
was dun and heavy but prices fuctuated
without uniformity. Little attention was
given to the Samoan situation but un-
favorable crop reports were reHected III u
moderate recession among the GranRerS
which, however, left off about unchanged
There was evidence of realizing and Lon
don sold Anaconda, Louisville and South.
ern preferred, but tho two last named
were well taken and advanced on bene-
fits expected from tho Joint operation of
birmingham Southern. Among the spe-
cialties showing weakness during the sell.
Ing movement were Tennessee Coal ana
Iron, Brooklyn Transit, Continental To-
bacco, Anaconda Mining, international
Silver and American Smelling. Strength
appeared i'm New Jersey Central, Wheel
ing and Lake Erie and Mexican Central.
Colorado Fuel and Iron jumped points
on rumors that ii was to be absorbed by
Federal Steel but the officials of the lat
ter company had often denied this, Col
orado Coal and Iron was also very strong.
Third Avenue, Metropolitan and New
York Central were weak. Interests usually
prominent in the market held aloof and
commission business was at low ebb,
tho total dealings for the day being less
than half a million shares. Tho dsposi-
tion was shown in some quarters to
await positive advices as to the condition
OF winter wheat. Moreover. there was
desire to see what the money market de-
Velopments would be. Dealings were
largely confined to the board rom traders.
The market closed strong. Total sales,
499 400 shares. Notwithstanding the un-
satisfactory character of the stock spec
lation railway bonds continued to forge
upward with the well known issues In
good demand. Total sales, s3.6lO,OcO
United States new As registered and the
DlNnnRp1 L. N
BY Darlington & Cusack.
New York, April 21.-The opening was
irregular but fairly strong with the ex-
ception of Continental Tobacco which
conspicuously weak on the news OF the
increase of a number of small tobacco
houses in the south. Anaconda was weak
on sales for European account After
being buyers at the opening, the trad
ers in the early forenoon turned on the
market and sold the general list under
the lead of the Changers which was fol-
lowed by some selling by Flower brokers
was a particularly bearish factor on
stocks, he estimating that probably four
million acres will he plowed up and that
the highest possible yield for winter
wheat will be under three thousand BUSH
els London was persistent seller of
specialtes, disposinE of Anaconda. Louis
Vile and Nashville and Southern Rail-
way preferred and common. The market
/
| with very erratic fluctuations, the ten
| dcnCy of prices being in the main down
| wards. In contradiction of the general
| wheat reports. T. J. Taylor & Co. figure
| that we shall have a crop fully as large
| as last year. basing their calculations on
| the increase in acreage in Missouri,
| Texas, California and Ohio. Their inter-
ests are on the long side of the Granger
| stocks, just at the moment, and their
| figures should be carefully considered.
\ Strong efforts have been made to break
| Brooklyn Rapid Transit below 130; around
| that price the Flower contingent have
| been persistent buyers; whether prepara-
| tory to another advance or as a cloak
| for sales, we are not prepared to say at
! the moment. The stock on its surface in
| dicates a further advance and the fact
| that the governor is publicly talking high
| er prices, Is preventing much liquidation,
| in consequence there is quite large short
| interest being developed and if a rise
| starts, il will be very rapid. Continental
| Tobacco, while it is weak, from special
| cases is all right to hold. The dealings
were Of such small volume as hardly to
warrant any extended comment, the close
| was fairly strong.
| n.