The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1900-02-03
THE MARKETS.
Wall Street Review.

New York, Feb. 2.-TCday's stock spec
ulation furnished adequate proof that
increased interest was being manifested
by the public in the market. This sup
position was based on the extensive trad
ing in railroad stocks which comprised
properties traversing a wide area. FRO
fessional operators perceirinE that sup
port from commission houses couiu be
relied upon in an upward movement In
the standard stocks, devoted their encr-
gies in this direction. causing the special
ties to occupy a secondary position In the
measure due TO the fact that some OF
the industrials which had obtained
substantial rise showed evidences of good
realizing. Recognition of the encourag-
ing general situation and Indifference of
the local market to foreign complications
was the primary cause OF the revival or
outside interest. Important movements
appeared to be under way by substantial
interests. as today's strength developed
in first one group OF railroad stocks and
then another until the list showed gains
running from to 3la points. In connec-
ton with the enormous buying of the
Baltimore and Ohio stocks, a statement
that the management had sold $S,60oOOO
4 per cent. bonds of the road and S2,5U0oO
of that of II subsidiary line to provide
improvements accounted for their buoy
ant rise. As the tendency of prices be-
came pronounced. arbitrage houses took
advantage. of the level to unload, but
no effectual check To the current. Long
standing short lines in some of the mid
die grade railroads We're covered and
blocks of 1000 To 5000 shares figured
plentifully throughout the list. 1t was
diffused into a great variety of stocks
and at times some of the usually neg
lected ones We'd with the recognized lead
ers in point of animation. Early opera
tions indicated that powerful interests
We're engaged in the metal stocks, as
prices of the mine securities followed Il
Jump rn, Of point points IN Tennessee Coai sron to
realization as the day progressed AMI
ended with n gain of but Sh. Prices
of kindred properties were better stis-
tanned but all relapsed from the best fig
ures. Fluctuations in Third Avenue con-
tinued to be Of q sensational nature, an
early rise to 10l being followed by II
break to 9G on liquidation by interests
disturbed by the measures projected to
finance the company's Indebtedness. \
rally to 99ss occurred in sympathy with
the pronounced rise of the general mar
utilities lacked feature aside from the
Gas securities which. however. did not
fully retain substantial rise. Western
railroad stocks gave the first indication
these waned somewhat as the Other
groups became prominent they neverthe-
less held their extreme rise. Among the
hgn hhsno priced @ rnr To
"a commanding lead occasionally. but
ended with narrow net changes. Predic-
tions as to the character of tomor-
rows statements We're uniformly favor
able but the advance statistics showed
that the gain in cash from the receipts
from the inner sub-treasury operations
were placed at 2,S71,lls rs compared
with n net gain in the previous week of
Sc, 1915 Total sales $4,000 shares. a
/ reeflction' of the stock markets strength
was observed in the bond operations
where the absorption was very heavy. of
| the low and middle grades. The marko t
| was broad an active, transactions ag-
| gregating a par value of $23S0,0J0. United
| States new a. and IS advanced a and the
IS declined y in the bid price.
| The following quotations are furnished
| The Tribune by NJ. s. Jordan & Co.,
rooms 7o5-7O6 Mears building. Telephone
| 5003: