The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-04-07
THE MARKETS.
Wall Street Review.

New York, April 6,--Spcculation in the indus
trials and the railroads showed distinct decline
today. Both departments were extremely II.
regular but genrllly speaking the industrilis
were strong and the railroads were heavy. The
were strong and the railroads seemed to he
due for the most part to selling 10 take profits.
The volume of the buying demand was very
much diminished and the realizing conduct.
ed thereof under that much disadvantage. The
selling was not in great volume but when it
did attain to any proportions the downward
course OF prices was quite fast There we've
some points OF strength in the railroad list but
the few advances were not well maintained and
were not effective in sustaining the rest OF the
market Pennsylvania was lifted at one time
over point and other stocks to show strength
were Baltimore and Ohio preferred, Pacific, Bur
lington, Canada southern and after an early pc.
rod Of weakness, Southern Pacific. The last
named stock sold of sharply in the morning on
rumors Of dissepSons samg the directors w6ieh
Quently. This was about the only railroad stock
TO reflect any positive aggression, the bears
showing very cautious disposition but the
other Pacific stocks were sold more heavily than
the average 10 take profits, London was a free
seller with considerable influence upon scnti-
ment and the news Of trouble in British West
Africa and the new mlshap 10 the British troops
in the Free State prompted some selling at first
hand by the local traders The industrials and
specialties made notable show of strength, each
apparently under the Influence of some ndi
vidual cause. Sugar was bid up against the
shorts with the suggestion that recent opera.
tions might have resulted in transfer of con,
ports of the ABSORPTION OF the Ogden Gas tcm.
pany. The Rubber stocks were strong on the
dividend declarations and the earnings statement
Leather and Tobacco moved up under manipula-
ton. The New York public Utilities moved up
wards under a demand from the short interest
The advice in each was irregular and was not
fully maintained. Minneapolis, st. Paul and
Saut Ste Marie stocks rose sharply without any
explanation. Preliminary estimates of the weeks
cash changes indicate favorable bank state.
ment tomorrow Suhtreasury operations alone
have yielded SS,S5l 900 to the market The cur.
rency movement with the interior by express has
been considerably smaller both ways than last
week but the net gain for New York Is about
half a million dollars. \ father loan eXpan-
sion is expected on account Of stock market ac.
tvity, but it will probably he partly offset by
the further liquidation Of loans for holding gov.
ernment bonds which have continued to come on
the market Sterling exchange rose sharply to-
day under the influence of London selling OF
stocks, frmer money in London and easier money
here. The rate is now within measurable dis
tance OF the gold export point and II the same
conditions continue for any length Of time gold
will likely go out in the immediate future To-
tai sales $4,000 shares There was "A decrease in
activity in the bond market and yielded at some
points. Some issues were well taken at adyanc
ing prices Total sales, par value, 50, ,7S3. 900
United States refunding 2s, when issued. de.
clined y, and the &c registered advanced 4 in
the bid price.