The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-11-24
For a Cold in the Head
Laxative Bromo-Quinine Tablets.
THE MARKETS.
Wall Street Review.

| A>C" 1oFh, NOV. so.-IHe stump IN
steel and wire of NJ points just at
the close Of the trading last evening
was universally regarded as danger
signal. The speculative public came
down to Wall street this morning in
a mood receptive to suggestions Of de-
preston and reaction. The first sug-
gestion came in the form of further
break OF , points in steel and wire.
Apparently no more effective point
could have been selected at which to
attack the market This was known
from previous experiences with this
particular stock. The ircn and steel
trades are supposed to have most to
hope, and. in fact. actually to have
enjoyed most of the benefits Of the
revival of business and industry. The
sudden weakness of steel and wire did
not raise any doubts Of the reports
heretofore accepted to the prosperous
conditions in that trade and the excel
lent prospects for the future, but It did
arouse serious apprehension of de-
termination on the part Of Some Of
the steel maenates to enter upon a
course of slashing competition and to
unsettle the trade, as they have all
ready proved themselves ahundantly
able to do. The wide reaching effect
of such an outbreak of hostilities in
the steel trade may be measured by
the degree of apprehension exhibited
by holders of long stock today. The
steel stocks themselves were most i'm
nediately affected. but heavy declines
are shown in almost every department
of the stock list. The sharp effect
produced was due in part, of course.
to the extended speculative accounts
held all through the market.
The purpose of the bear vancouver
was palpably to dslodge these hold
ings. They succeeded very we'll in do
ing this. AS the decline in prices eX-
tended. the offerings increased. Those
stocks in which the recent speculation
for the advance has been most active
We're naturally the most affected. The
local traction stocks. the Changers.
the Pacitics and Baltimore and Ohio
We're the most prominent in the down.
ward movement. Sugar was freely
sold on the cut in prices OF refined
sugar and coffee, which seemed to
threaten a renewal OF the trade war.
But the stock was very feVerish at all
times. Practically the only effective
resistance offered TO the decline was In
the early dealings. New York Central
and Chesapeake and Ohio showed con-
tinued strength at that time, New York
Central reporting ia over last night.
An effort was also made to boom Anal.
gnmated Copper on the occasion of its
first being dealt in the unlisted Depart
ment OF the exchange, but the first
price which was 99la was the higaas,
Tho price subsequently fell back to
975s. compared with 9sK in the curb
market last night The closing was
Wavering and uncertain but at con-
siderably above the lowest for many
stocks. There was nothing in the
money market to cause apprenticeship,
rates ruling at 3la per cent. or lower
practically all day. Total sales To-
day, l,077.6OO shares, There were firm
spots in the bond market but railroad
bonds as whole We're affected by
sympathy with the reactionary move
ment in stocks Total sales, par value,
s2.455,0 900, United States Ss registered
advanced y and do. coupon and the
IS "a, the old As u, new As u and re-
funding rs, when issued h per cent. on
the last call.