The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-05-19
THE MARKETS.
Wall Street Review.
BY Associated Press.

BY Associated Press.
New York, May lS.-Today ended on tn.
Stock exchange with the bears appnr-
entity unopposed and in complete pos
session of the market. They made a
fierce attack on prices along the whols
line In the final hour after evidences OF
realizing at various points IN the Iast hHu
become quite possible. The largest No.
ume of profit taking sales came upon ths
market after quite an extended list OF
railroad stocks had been taken In hand
and pushed up to a decidedly higher
level This movement in the railroads
continued after tho leading specialties
had begun to so down. and gave sug-
gcstion OF a shifting speculation by tax,
ing out profit from the SpeclaltleS and
putting them into results. The railroad
list succumbed to the late attack, many
stocks losing between ] and points and
burlington dropping Ih nelow tne hisn
earlier gains in the railroads were wiped,
though small net advances remained in
a very few cases. Prices were marked
up at the opening to accommodate ,o INC
after yesterdays notable advances, the
demand from that source was soon sat
isfied and prices yielded and the market
fell into dullness at the decline. Losses
were sharpest, of course. in those stocks
which have been rushed up during tho
last few days. The railroads showed a
pretty good resistance and Manhattan
was notably strong. touching ia. Minne-
apolis, st. Paul and Sault Ste Marie,
which had not moved in along time, be-
came brskly active, the common stock
rising 1912 and the preferred ~. AS the
day progressed a large demand sprang
| up for Atchison preferred, the Grang-
ers, Union and Northern Pacific and
| other standard railroad stocks. Very
heavy blocks of Atchison preferred was
| taken on the rise and the price In Il num-
| Der of cases advanced over point. An
| aconda Mining also enjoyed gain of 3Si
| points. 1t was under cover of this move
| ment in the railways that the realizations
| of profits in the specialties was in prog
| ress. Nearly all the Flower specialtieS,
| Sugar and Tobacco began TO sag under
| the weight of the sales. In the fierce at
| tack which the bears were thus encour-
| aged to make on the market Sugar and
| metropolitan Street Railway dropped
| over points, Brooklyn Transit Az and a
| number OF other speCialties points OF
| over. There was a momentary rally but
| prices plunged downward again and the
| closing was very weak and unsettled
| Sugar alone rallying 'over a point on the
! taking of bear profits. but the prices gen.
! orally ending at the lowest of the day
| There was nothing in the general news
| of the day which seemed to influence the
| trading, unless 1t might be a further
| hardening in the rate of exchange, which
continues to rise and is near the gold i'm
| port point, in spite of the continued east
| of money and the apparent abundance o
| funds both here and in the interior. To
| tai sales, 7ij,90O shares. There was nc
| diminution in the demand for the bono
| issues of some of the series. notable th'
| Central Pacific reorganization series
| Prices Of railroad bonds held notably
! firm in face of the late weakness o
| stocks. Total sales s5.O20,00o. United
States advanced - in the bid price.