The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-09
THE STOCK MARKET
LESS MANIPULATION THAN FOR A
WEEK PAST.
Course of the Market Downward
ut the Opening.

New York. September s.---Today's stock
market was irregular. but 1t was much
less under manipulation than for over a
week past and the general tone was one
Of strength. There was realizing on a
larae scale all day. but the offerings for
this purpose were more naturally absorb
ed. There was no one stock lifted by
sensationa. jumps 10 stimulate buying of
those realizing offerings-a condition In
marked contrast to the invariable rule for
many days past Northern Pacific pre-
ferred. which was the stock under mnnip-
ulation for a rise yesterday, was rather
a drag on the market ali day today and
lost point OF ITS gain, the common stock
showing q fractional advance.
The course OF the marke: was downward
at the opening the internationally and hhe
grangers leading in sympathy with the
declines In Amer cans on the London ex-
change. Strength developed in a number
of stocks. which stemmed the decline and
carried prices to the best of the day.
Profit tak'1g at the close caused the loss
OF part of the gain. so that the net
changes n many OF the leading shares
are OF very narrow proportions.
The decision of the Atchison directors to
pay q per cent on the adjustment bonds
out of the earnings for the year ending
juno 80 di ected attention TO the secur-
ties of that company anc all of the stocks
and bonds were very active and very
wh has a ben dawn by
sales for Some II me past, opened rs off,
but rose a. one time 2i points from the
lowest. Profit taking at the closed reduced
its net gam TO ~. There were 1900
shares of the preferred stock sold during
the day.
New York Central lost a point in early
dealings, but more than recovered 1t on
the publication of the statement OF Au-
| gust earnings showing an increase of
| Sl6.;9. ihc changers cnoved very mar
| 'owlN all day and slowed T. large falling
al hf..h
came neat t. AtChiSoL preferred with
| sales of IaO0o shares. Tho stock declined
fractionally at the opening, but rosc
| strongly II, aud fell off fraction at the
| close on profit tekina.
| Sugar WAS subjected to q rush to real
| ne when it became known that the direct
| ors lad declared crly tho regular quar-
| terly dividends of per cent on the COM
| mon and Ia per cent on the preferred
| stocks. II had been rumored that an ex-
ira dividend would he declared. After
| huctuated IN a very giraffe manner but
| closed ut recovery oi over points from
| la3. The preferred stock also fell over z
points.
| Notable gains wore made by the Lead
stocks. Illinois Central gained "a per cent
on renorts OF largo increase In earnings:
! Louisville ard Nashville, Southern prefer
red and Mobile and Ohio recovered n pccr,t
or over fr,in their carly depression. which
was due TO the yellow fever.
| There was some movement In stocks OF
sat, coal roads or prosrtcts of a settle
| ment OF the miners strike. Wheeling and
| Lake Erie preferred CARED IN. CONSOLE
dated Gas lnmpcd points over ycster-
| DAYS high record price TO 2173i Other no
| table gains were Cgrada Pacific 3, Chicago
ana Eastern lllu}.s 10 and Big Four pre-
| ferred >, Cotton C'l lost point
| Dealings il bonds were OF large proper
| ICONS and at higher prices: total sales
| Sl,a0oO0, The Atthson Northern Pacihc
| Union Pacific ana Denver and Gulf issues
| absorbed toe bulk OF tho dealings.
GOVernmt nj bonds were higher he old
tours .couron beluS quoted at 1iSh bid, a
rise of q.
4 Total sales of stocks today were 5y7, 500
snares, nt 'udlng Atchison preferred IT.
S2S. st. Paul 5i.220. Sugar s., $50.
| Closing quo ations on Uona, NJ .>.w Yors TODAY
~'''