The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1902-10-16
THE MARKETS
Wall Street Review.

was made toward a higher level Of prices
| in the stock market today, although
there was no new actual Developments in
either the monetary or the coal strike
| situation to Indicate. ANY material change
| in conditions. Nevertheless the feeling
was more prevalent that the coal strike
would mach an early amicable end ana
| that measures are to be taken by Secre-
tary Shaw that will shortly relieve the
present stringency of the money market:
Ills action was said to be in the nature of
further large government bond purchases,
various interests being credited win
holding large amounts which would pc
shortly turned in. The sums named ranged
from $40, ,OOO, 900 to $3OoO0. 900 and the report
was vigorously circulated throughout the
street. Whether there was any tounda- :
ton or not in the rimor, the money mar
ket reflected greater case than III some
time, call loans opening at per cent, the
highest. and then shading gradually to .
per cent. Considerable attention was
given to the report that there would be
certain notifications in the terms pro-
posed by the coal operators for settle
mcnt of the strike which would insure less
opposition from the miners In the points
contested. Nothing definite developed re
garding this report though 1t was COZ
ored to some extent by the heavy bnyi,n,g ,,, ,,,s
strength throughout the day The deal
ings were smaller than usual in other
stocks of this class and there was dis-
position in general to await active de-
velopments before pursuing active opera
tions in this quarter. Recent speculative
leaders among the Changers. Pacilics
and Southwestern stocks were bought
freely and the entire market showed de-
cided strength at one time or anotner
st. Paul. Louisville and Illinois Central
were conspicuous in the days dealings
and made exceptional advances OF TWO
points. Prices elsewhere averaged Il
point pretty generally with quite an act
i've demand in Il number of sDccia tiles
The Gould stocks as Il group received the
most consistent support. the heavy buy-
ing of Missouri Pacific having susta in
ing effect on the lower priced stocks
Some disappointment was felt over the
heaviness Of the London market: and as
the farbitrage dealers turned sellers the
early market showed some weakness:
Realizing sales. however. by the local
traders We're soon overcome by TIL" APP
paerancc of large orders for the trans
continental stocks and the movelnent
throughout the day was mainly upward
although momentarily checked at times
breadth and activity of the early opera,
ton of the week but there was Il marked
undertone of confidence in the general
ing vas virtually stagnant at times. cs-
pccially wher the market was under
pressure from realizing sales. There We're
occasional bursts OF activity and these as
Prot-taling sales outweighed the buy
ing orders in the final hour and there
were number of important reactions
which We're not checked by a final up
turn in St. Paul to the best. The closing
was duh and easy. Total sales for the
day. 100 shares The bond market
was dull today. but displayed firm tone.
Total sales, par value, S',i'5.000.
The following quotations are furnished
The Tribune by Ifaight & Freese Co.. 3li-
Sl5 Mears Building. W. D. Runyon. man
ager.