The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-27
i'm THE STOCK MARKET.
An impressive Show Of Strength Was De
veIOped Late In the Day.
PRINCIPAL INFLUENCE FOR STRENGTH
wa. nm Inward Movement In Penn
syiyenin and baltimore and ON"
stocks-otbcr stocks Respond.
Csp,cial to Tho post)

New York. AprlI 2G,--s Mum. Son Co
say Of stocks.
stocks advanced and sterling exchange was
slightly lower. Total stock sales o29Jv'
bonds 81. iIS,Op0; philadelphia bought Penn
sylyana and Chicago. Burlington aud QUINCY
stock was scarce The shnrt interest IN
sugar has been considerably reduced Ihtrr
was good buving Of steel and IRON stocks MI
Gates and his party have left town ChicaSo
Burlington and quincy was hrm ifa'ulV
and the grangers generally we're strong on
favorable crop renorts. London was muu
crate buyer. especially OF Baltlmor, anu
Ohio common and southern Pacific. though
there was also some London selling. There
was talk Of further gold oSporis hut II re
oeived little atttnUon as II Is believed 'hst
We can spare considerable gold withou, iee
ing IL yerv much. Rockefeller interests are
believed to hold much larger amount OF
Missouri Pacific than the Gould family There
was some short selling Of 81 PAU to as
count nossiblv unlayorabla statement
bull pool is reported operating IN WABASH
preferred and dcbenture Bs There Is Eoo1
huyins Of Atchson common and preterredl
on an anticipated statement next week. SI'rl
stocks Arm on the report thai orders Tor the
entire piR iron output for 1900 were ptac-
ttallv assured Good buying In keadlns
hcsls Union Pacific and burlington Flower
people bought aud bid M BROOKLYN Rapid
Transit. Tho worniser pool bought sugar
bur rtmorg that there had been another COZ
ftrcrce with y o. Hayemeyer With the view
Of ending the trade war are denied LONDON
brokers wore the largest BUYERS OF sugar
pond l,mures included Iron Mountain Is,
3rpan County Gas js. Missouri Paclhc os
Of l92c Toledo St. Louis aud Kansas litS
ls's ana Western New Yor, and FennsYl-
wanna IS
New York April 26-The stock market
developed an impressive show of strength
during the latter mart Of the day The prin-
cipal influence IN the rise was a resumption
OF tho upward movement in Pennsylvania
and Baltimore and Ohio stocks. The recent
reaction IN these stocks has been accom-
panied hv rumors that important speculative
interests which had been prominent in the
advance had sold out and taken their proht'
The news Of the very heavy OUTLAWS IN pros
pect for permanent oetterment and increased
shipments awakened some apprehension OF
! dividend increases being indefinitely post
! poned not only on Penusylyana stock. but
| on Baltimore ana Ohio and many others
which have been subject to rumors Of in
creased dividends nut today the report Of a
probable increase in the Pennsylvania divi-
| dtnd rate took form AGAIN ana was clrcu
! lated with great eNplcitnese bids were
/ maze on the board for the next semi-annuai
| dividend on PENNSYLVANIA on thousands or
| shares OF stock. 2s4 per cent, COMPARED With
| ~ per Csnt the last rate. The meeting OF
| the directors Tor the purpose Of nNlug the
! dividend is fixed for lueslay next These
! reports in regard to the PennsvlvHnin were
! thp most indirect influence IN Baltimore ana
! ONO stocks next TO PeuusylS anla ttseh put
| tho whole railway resnonded ~ varying DE-
gree TO the influence of thus movement
/ These POOLS, whose operations for = rise
| we're interrupted by tic steel and Wire epi-
sode resumed their op rations 70 some eT-
tent THIS was notably true Of the Could
| Southwestern group which are subjects Of
teeming rumors ot prospective combinations
] .!ud consultations The determined hrmness
OF sugar and rs buoyant uptGrn later had
! a sympathetic effect ON he market The
! movement is stir attributed 10 the demand
| from the shorts. but the mauv ass rtinns
| Of favorable DEVELOPMENTS in the trade war
may have had their effect number OF
Usually favorable railway statements also
hnd strengthening cncct On tie market
! lrcrease ~ nat earnings for March were
| reported nv tho Atchison. Topeka and santa
lie Of 81 per cent by the He kiug Valley o.
los per cent Returns for gross carninHs Tor
! tho third week in April wtfo also uniformly
/ favorable. These factors nj strength ctuse'
/ wicldv short interest and he demand from
that element rad no gmSll lart ~ the
( rally IN the market Tho uustcadiucss Of tn,
/ sterling exchange markct today gave grounc
! for renewed doubt % 20 continuance for INK
Z nrt sent Of tho gold eXport movement Th'
strong return OF the Bank ci England foi
the week well as thut Of tho lmprrla
Bank Of Germany. had somc cutct ON IN,
exchange market The suhtrtaSurys d bi
balance AZ the clearing house showed
4 mrthtr decline today. falling 20 $3O01l9, a
compared with the recent average Of ove
| S1.o0o00 II this replcnShment 20 the money
market is cut eff. It may serve to proven
the outnowinE Of gold. The bond marko
lhowcd increasing activity and strength TO
day, Total sules par value S23Sl,VW