The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-05-20
BRApsTRErT's FINANCIAL.
market Nrs Not Permitted to Re-
cNt,,n nrn, or IiNnh

come DcWorDIiArd.
New York. Nav Bradstreets Huan-
cial review Of the New York stock market
tomorrow will saw FIX Governor Flower
had been the most Conspicuous bull leader
for the past two years and the success
which had attended his operations in Fec
Pies Gas. Rock Island. Federal Steel and
other leading stocks had given him an in
tuenoe with the speculative public IN
paralleled in the history Of the American
markets, The entirely unexpected news
Of his death last Saturday morning
seemed to many tho signal 70. decided
break in the market. On the other hand,
1t was quickly recognized that the large
financial interests engaged in the market
would be sure 70 prevent any serious mis-
hap. This proved to he the case, and
though at the opening on Saturday morn
ing food Of short selling and liquidation
was met which carried PEOPLES Gas down
rom ll9 at the preceding nights close
t. l0l, Brooklyn Rapid Transit from l173,
to loo and Federal steel from 6ll, to 80.
with corresponding declines not only in
the Flower stocks but in other parts of
tne list. there was almost instantly A
sharp rally. Brokers who are acting for
the standard Oil interests and other Iarga
interests had large buying orders and the
early declines were soon regained. Fur
ther assistance was given to the market
o. the appearance of an excellent hank
statement on Saturday and by the assur
euee that the leading banks would so far
as 1t was proper for them to do so. extend
an needful accommodation to stock mar
hel borrowers. II also appeared that the
late Mr. Flower had no large speculative
holulhEs, that The firm in which he was
special partner would continue without
ohahge' and that his associates were fulIv
convinced of the value of his nronartjos
Beyond this it was recognized tbat tba
larger interests of the street having va
i'ous important deals on hand. like the
"a san saiu".eu copper company, would not
- H. Suu,u not allow the market to become
49, 49, 'l]eu' SUPPORT from such quarters
ri" p io5i.s apparent throughout the week.
Inulsposluon of the general Dublir
20 ouy stocks and the tendency IN rod,,oo
ion NIX holainss was also no less marked
me marked strength of the how'd No.
~ ~ enu auNanN OF government hon,r
' n".ues' 'ogelher with the relative stsadiN
ness OF the dividend paving stool Iitt
was taken INTO account b. the morke, b.,
W sne otner hand, the granger shares
$500. eu hesVV-s fact attributed 10 the
supnor, -, uuIaNOrable rumors The
suppor' winch mas already been descr,haS
Was IN me earlier part OF tho wesk Iar ~
tbe 'J InS, In the Flower stocks and
ana tHuuserlals' Sugar was made active
scnre5 u, again and further recoyeries
Broot,vn ~ peopies Gas. Federal Steel
ntooAlYh Rapid Transit and tba,,. 49,,
lannon's lannon's The decision NJ ca eoin-
To NJ. TO call an extra session y, ~.
MsM noIS legislature Tor the n,,rn VI me
anleSuing the Ford franchise tax KIN gTse o,
sao, ner incident having fayors he we" va
se M On me speculative sentiment ~.
too oes Sd, oy Thursday a renewed res efel,
S pUs pace IN the Flower stocks ana @T'i I
TO tbs 's while while the trade seemed to shin
stocks s oD T and dividend paving
eraIIy All, IN FRIDAY the market was sens
renewed la Al, ana irregular and showed a
'"'"eu o'sposition to sell off. "'u