The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-20
In THE STOCK MARKET.
Outside Public Still Refuses 10 Manifest an
Interest
OPERATIONS WERE BY PROFESSIONALS
Los, by subtrcn.ury Encouraged the
Hears In mn Early Rnid-Ha'i-
rond EnrniDRs Increased
tspecIal to The post)

New York February lbs. Mum. son q
Con. say of stocks: Stocks weakened carry
but becamo 1rmer in many cases later
biz railroad earnings were sustaining 'est-
ure however. Stock sales 331DO snaies
bouds 2G0t.0 900. London bought ABOUT 1 NJ
shares on balance. The passing oil 'he M W.
her DIVIDEND Is believed n nave peeh, va
counted and Missouri Pacinc was hought ui
good earnings. ISeene brokers were ouye,s
OF tho general list Standard on peopio
bought PEOPLES Gas Sanguine predictions
( ara heard as to the American Tobacco dlvl-
| dend Il is rumored that tbs Continental
hacco COMPANY viii on "Wednesday Ialso ~, ~
price OF plug tobacco lie per pounn LIN n,s
caused buying OF Tobacco stocks. foIe!su
houses bought the international list atter tne
close of the London market. owing 10 re-
ported successes of both Roberts and buileI
In South Africa. London sold norfolk q
Western though the earnings OF that stock
made q very favorable exhibit PennsNlNHhlh
was depressed for time on rumors OF laoo'
troubles on the road. but these were denlel'
and T. aftcrward responded to the rise III
bitumnous coal stocks Lackawanna was
stronger on expectations OF good annual "
port tomorrow. President Truesdale saws mat
/ the road has earned the full I per cent anu
also carried over a handsome surplus, Whlie
the operating expenses have been kept uown
! TO GO per cent Large earnings helped tne
coal roads generally. including Readlhg nrs'
preferred. Grungers We're bought on IN
creased shipments OF grain. II Is oniclaily
denied that the Metropolitan is going 10
/ take an interest in Third Avenue. The Met
ropolitau = quarterly statement showing an
] increase in net earnings OF SlS2 49, points to
earnings at the rate OF II per cent rms
/ tended to strengthen all traction Stocks me
reopening OF the sugar rennerles caused COY
GriuE OF Sugar. Flour brokers were leaulnE
buyers OF Federal Steel Good buying was
reported OF Baltimore and Ohio. Insiders 1t
! is said. were buying Tennessee Coal and IRON
ST. Louis Southwestern irsts and incomes
were lending features in the bond trading
Ohels we're made to sell tho April divldenl
on t0,0n1 shares Of Sugar hHng at "a Pee
cent, which would be reduction OF ~
Money ~. German discount rates have al
vanced about q per cent within week W.,
still iavor buying stocks on the reactions aud
bonds at around present prices.
New York. February 1.-THE outside pub
! lie still refused 70 manifest any interest In
the stock market today and operations con.
Itnutd wholly In the hands Of professional
TRADERS. This element made an attempt to
force Continuance Of last weeks reaction.
using as hrir main argument tho drain
made upon tho cash resources Of the banks.
/ Today's statement o. -snhtreasury operations
showed loss alre adv since FRIDAY Ia tnht
Institution Of Sli2Ipo. This showing helped
tha hears in an e17ly raid on the market
which wped out tbs opening gaiu0 and rar-
lfied prices generally below Saturday. clos
ing lsyN on" or tvo stocks a1ueccd from
individual csusaf aud helped on tho reaction
Pacific Nail People'n Gas and Third Avenue
showed continued weakness and Pennsvlvanis
b. y
involving manv millions OF dollars tt
llcars did not sIcrfsd IN nlr zlns out any
Urge offerings and were drv.n 10 cover IN
dpr DEVELOPMENT ot aggressive strength IN
several stocks including sugar, TOBACCO.
General Electric and Third Avenue. The
most pptent factor in tAe rally was the lars;
increase on earnings tor tbs second week n
February shown bg a number Of railroads
Norfolk and Western made .he most striking
exhibit with an Increase over tho correspond
ing period of last year of sl33 St7 which /;
nearly 96 nee cent. Tbs resulted In large
absorption Of the stock Mt an extreme ad-
vance Of "a and had sympathetic eff.
on all the .bitt minous coal carving roads
lcortributue'to the rally in PENNSYLVANIA and
Lalumcre and Ohio. These evidences OF tht
large demand for bituminols coal were cou-
Med with reports Of increasing use of an
thracite in steam product beCause OF dinl-
Guilty In obtaining soft coal. The anthracite
group showed the effect OF this influence. and
forecasts OF the annual statement of the
Lacknwauna. which is to be published to-
morrow, estimated high percentage OF
earnings for the year. In the Southern group
Louisville ana Nashville mad a showing toi
tn week which was q per cent better thar
that Of The last wear ne Increase in gros:
earnings being SiN33i1. All returns received
shows striking gains, though those euumer-
ated arc the largest The cotton carrying
roads especially showed recovery from the
recent low level Of earnings and were ad
vanced In price inquiry. The tonic effect o
these extraordinary earnings proved too much
for tho bears and they were forced TO cover
The continued ease OF call money. which
ranged from TO 2lb per cent neutrali2ed
the alarmist view OF the money market out
look Some slight effect was produced alsC
by the report of further British successes II
South Africa. Dealings were not on a large
scale and the market felt dull at The clos
but held quite firm near the close.
Business in bonds showed some falling of
In volume and price changes were mixed
Total sales. mar value. Sl,9So,VOO.