The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-11
,ocKs AT UNITED STATES PORTS.
STRONG STOCK MARKET
TONE CONTINUED Dull AND DEAL
INGs NARROW.
cent Eject ON Spccuinti"n--Morc
of II Going 10 Europe.

New York. May lo.--'rhe stock market
today showed decided Signs of strength,
Throughout. though dealings continued
duli. prices advanced very cautiously, IN
spite of improved prices for Americans
| In London. The excellent crop reports
| from the Northwest and Improved earn
| ings gave an impetus to the buying OF
railroad properties un that region. The
Changers and Northern Pacific received
the most notable benefit from this Oma-
ha Jagged In the Improvement and allowed
some continuance OF henveness. growing
ont of disappointment that there was no
further dividend 10 he declared this year.
In suite of the strength OF prices the
market confined marrow ard professional,
and showed no signs whatever OF outside
Interest.
The exchange situation and the result
ing gold movement conunu to mystify
dealers IN stocks. ana Is an element In
curtailing speculation. Further shipments
of gold are coniideutially predicted th4s
week. witn demand sterling exchange
ranging from Hi4M4, Sly As an oV dence
that The gold sh pmenls are certainly the
result of the obliterntion of tho tremon-
dons trade balance m DIR favor heretofore
established during tho fiscal year, the
large figures of last weeks imports at
New York exceeding SIS, 900 0V0--are point
Cd TO as conclusive by those who seek to
depreeate the idea that any special do
m4ind for gold abroad ~ Responsible Tor
the outgo. But exports of gold AT pre-
Nnllng rates of exchange leave uneN-
pained the fact that on Saturday previous
20 the first gold shipment demand sterling
ruled at i,sS 10 SS94, after having been
al 4.sSh AMI upwards on the Previous Mon
day and nj 4.TIs and iS7A ldlc week pre-
cedps that. without inducing gold ship
tnents In fact. exchange house, had de-
termined there was no adequate prom
for them N gold sir'prnenls under t,Ss3t
for demand sterling. Inc fact remains
that further shipments are looked for ana
thii tho fact has "A sentimental Restraint
on buying OF stocks.
The bear, i'm Western Union today add
ed to Uneir stock OF anmiinito on the hu-
preme court decision affirming mo vhl.di-
tn Of the Beriner Tecphane patent, which
If is alleged for.sshadowa opposition from
tho Bell Telephone COMPANY M the telc-
graph field The stock led the Isl IN
number OF shares sold. fnct1rted irreBu-
larly and closed unchanged
Sugar was weak at the previous de-
baltimore and ohio lost " on small real
!zings
gains Tennessee coal and Iron was
heavy throughout, losing Ten net.
Burlington showed the extreme gam Vi
point IN the Changers, r.,
Covering by shorts forced INacco up
Q points and the scrip w. and the same
cause made net profit OF l point 10
I,afher. The market closed quiet but
Trading In bonds was attended with con-
siderabl animation, but prices q the lehn-
ing issues ranged narrowly. inc asbf'-
gate sales were $lhl2.Op 40, "a.
demand for the new A. coupon hdpdnniig
the price TO l23 on transactogn.s ana ~ o-s
bid on the last call, Sales, s0i,00 a.,
The total sales OF stocks today were laa,-
| 9sl shares, Including: American sugar.
1920. Burlington and Quincy "'i"' o''
Paul. B,ivo