The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-21
IN THE STOCK MARKET
ina Closing Of Stocks Was QUIET and
Steady.
THE FEELING WAS DISTURBED EARLIER
The yo,um. of the selling mud the
scope of the Movement was
Somewhat Larger

New York september 30.--rho closing OF
the stock market was quo, and steady Ill
remarkable contrast to the disturbed stato
of feeling which prevailed all day. But there
had been such lulls at var QUE tunes BE-
foro in the storm of liquidation which sWeP
over tho market and when the snal quieI
market. clearir weather or simply sath-
ering of forces for another outbreak oil the
storm was the question d greatest interest
in Wall street and upoa which opinions
greatly varied. The volume OF the selling
and scope OF the movepent in the numLer
"a stocks involved indicated yI4inly enough
some genera cause OF coadi,i.A AZ WORK u
cause some thanse. special chshgs IN IN
INi0ual stoCks agra ated the WEAKNESS
but the peculiar causes we're qulJe lnaue-
quate TO explain the general Neakness'
Neither was very clear That any new
factors have been introduced INTO the gem
erdl situation which nave not been n e'I-
deuce for some lime past. So far as these
general coBsiqAratiops are concerned the vlo-
lent liquidation OF the dgy must be due u
a growth OF continuation as TO la lneVlt-
able effect of these factors rather than TO
any new status. These general coalitions are
the hardening money market and the coal
strike, and, rather in the background, the
Chinese situation. Those wb0 round nothing
in he actual news sufficient to account for
a Imposition that some Developments rot yet
generally known in the Chinese tangle had
Induced large selling by persons with adj
vance Information. Certainly it Is hard 20
account for such wholesale selling as that
OF today in rlarket which has been sup-
ncsed tn contain comparatively light specula-
I've commitments on the ground Of fear o.
inturs events or sentimental considerations.
No selling was forced by actual contraction
OF credits. although the ratcs for money
showed continuance OF tie recent harden
ing tendency.
The forces toward depletion Of New York
money reserve continue operative, the days
outgo Of curreLcy to the Interior b,ins large.
The relief ION sub reasury operations is also
en- a din inishing scale.
The progress Of tho strike arouses keen
APPREHENSION Of outbreaks II vioe ce and
trouble IN new fields But not actual oc-
cul renee of the day seemed TO brine such
developments any nearer thaA did the first
STORAGE Of mining.
I'll letting % of speculat W holdings which
have been recently accuWu ated on the con
Ncton tat the prolonged duluess OF the
stock market woulu be terminated by a buy
IN movement, was an influence in the weak
Mt 81 and professional hort selling updoub.-
edly played "A part as well The special weak
ness OIL the steel stocks seemed to snow
some peculiar apprehension chat the con err
erces over wages and the efforts 10 a just
prices would not bring the industry to a
prot able basis
Tennessee Coal was apparently without anv
support aud was nearly 3 points on at the
lowest. The stock rallied 2is on short Gov
orine. Steel and Wire and Federal Steel
preferred we're down from ? to 2l9. In the
ia road list Missouri Pacific, BALTIMORE and
ONO and Reading lst preferred suffered most
severely among the active stocks losing a
poins or over at the extreme low level
Among the recently dormant stocks there
OF me since the last sales dstraots from
their significance The list Of stocks IN which