The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-27
MARKET DULL AND LlSTLESS
THERE WAS nut LITTLE CHANGE
IN ANY LINE.
Traders During the Early Part OF
the Sessions Were Disposed to
Cover short Contracts.

New York August 26.-The market opened
with yesterdays dropping tendency stil Ia
/ force and the weakness was not entirely over
come during the short session. although there
were improvements, The London exchange
was closed for a holiday leaving some I'm
certainty as to the speculative sentiment OF
! that center which was depressed yesterday.
| Added 10 this was weak tone IN Sugar on
"A now crop OF rumors of new phase OF the
war in the sugar trade. The new stocks
OF the Republic Steel company dealt in by
the exchange for the first time showed a
distinct inclination to be active. brooklyn
Transit was heavy and there were other
points OF weakness.
The second hour OF the session showed
traders manifesting disposition to cover
short contracts. Northern Pacific rallied over
a point. The Tobacco stocks gained a point
or over. Sugar advanced an extreme ~. and
became very feverish serving TO unsetto the
market The recovery In the general LIST
however. held for the most part, A feature
WAS tue movement IN numser OF iasianIa-
cant STOCKS In view OF tho forced iquidat.o on
IN brooklyn Transit early IT the wvek IN
extension of credits to the amount Of So
csd,VOo shown by the bank statement came 10
u surprise. the decrease in casn proved
TO be less than million, VIII ereay the known
movements OF money Indicated that 1t Womb
pe Sj.suu.Vu0 The decline IN the suipl.s ls
therefore, largely due to iacryass OF reserve
oy reason OF Tho trade expansion.
The action OF the stock market was very
irregular and somewhat pazzling duging nc
week number OF the most promlneni
speoialiies ana industrals showed extreme de-
mofai<auon eariS IN the week The RAIDS by
the pears upon these stocks were commonly
supposed 10 be the tactical maneuvers with
tne onlect OF ohstructng me disposition OF
the general list TO advance AS matter o,
lacb the violent breaks in the specialties
PlpN'o ineNeetlNe TO prevent TIE rise OF tho
various isolated railroad stocks. When pow
oIiul support IN the specialtiss frus rated tie
a .sps OF tDs pears to wofk declines and
the way seemed omen for general advance
m prices. the upward movement was met by
siVn heavy offerings 10 take profits that a
sentiment Of hesitation reasserted itself
4 comparison OF prices showed some very
s SUES gains 10 a small number of rail-
duStrials' In the majority OF the standard
railroad stocks net changes are small nor
nas there been any marked activity In thase
stocks during the week Quite number of |
southern and Southwestern railroads show
reactions from recent high prices on proft. |
taking, which has been only on a small g ale
III the high grade railroad stocks, such as ths |
strangers ana trunk lines prices were long
aSu ,maae 10 discount expected Increases in
ulYioend rates In some cases these increases
n navv nor come. In spite OF larse gains In |
earnings. but prices have been maintained al |
tue hish level. The return on tie purehase
money al present dividend rates Of money, |
grade bonds. - - 't~s
Moreover. activity IN all branches OF trade
FOR money has made rate for money which |
e semp.s 70 the conversion OF securities into |
ioAuns capital. Last year authorities Ia the |
unAnoial world predicted that the return on |