The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-11-10
IN THE STOCK MARKET.
Yesterday Was a Memorable Pay on the
Stock Exchange.
THE VOLUME OF BUSINESS WAS LARGE
The Aggregate Number of Shares
Traded In During the Day Was
Not Less Than 1,54f,OOO.

New York. Nov. 9.--Todays market will
prove memorable one in the history OF the
stock exchange. both by virtue Of the
amount and the great variety of business
done. The aggregate number OF shares of
all stocks traded III footed UP no less than
l,5i4, 900 shares of listed Issues and the num-
Der of different stocks dealt in amounted to
III Issues There were none Of the enor.
nous individual transactions which showed
in the excited trading and extensive Duylng
OF " Wednesday, Neither was there the syn
chronized movement OF the whole market
which was so conspicuous on Wednesday
including the br.ef penod of reaction after
thu first upward rush of prices. Today's
market on the contrary, was exceedingly
varied ana Irregular all day and the tur.ous
activity continued without ntermisson oil
abatement from the opening ulll the close
The first transactions showed prices Of
some stocks pushing upward. while others
yielded SHARPLY TO the pressure OF realizing
sales. Both movements proceeded with I'M
diminished vigor and with entire disregard
OIL divergent tendencies at work. Different
stocks and different groups were SUCCESSIVE
lv brought forward INTO the advance and
successfully yielded to the pressure Of
prof taking sales, while SPECTATORS rushei
10 another group, transferring their prom Us
from one quarter OF the market to be IN
vested in another. Nothing could be more
Characteristic OF a genuine bull market in
full swing and the tact that the rotation of
the speculation brought around INTO the
railroad group again before the day had
elapsed auQed TO the confident sta cement
for the advance. AT the opening and dur
ing all the earlier part OF the day the
railroad stocks were distinctly under pres
sure. Northern Pacific and the whole Of
the Pacific group, as well as pennsylvania,
ruled under last nights closing Level. But
unoer the sustaining influence OF the
strength TN other poinos in the market, the
proft-taking in the railroads, including con-
tinued heavy selling for London account,
proceeded without serious Impairment or
pr.ces.
he local traction group and the mercurlai
industrials, including Sugar and People S
Gas, continued yesterdays upward rush Tor
time and then succumoed 10 the season of
profit taking.
Speculative interest shifted to the steel
Stocks and ultimately carried more STOCK IN
that group upward from to over points,
the latter figure for steel and WIRE, which
came late in the movement. The demand
for he stocks and Their gains were, on the
whole, the most conspicuous and we'll sus-
tatneI OF the day.
The coalers advanced as a group, Reading
frs pre- erred Leading with a gain OF 2es.
They were followed by the grangers, NJ s.
souri, Pacific Bait more, Norfolk and West
ern and some OF the Southern railroads, ana
during the last hour Sugar and the Pacfcs,
generally.
The forecasts of the weekly cash changes
Of the banks were not altogether reassur-
ing but as the call loan ra,e failed TO give
any warning indications OF scarcity OF
funds, the speculative activity was con-
t,nued up to the close but with some signs
of unsteadness in prices The course or
the currency has again turned toward the
interior and this, together with the govern
men, revenue requirements, seems TO have
more than offs t the receipts OF gold. Tn
loan item is looked TO to explain the status
of the banks. The large funds offerings
during tho week were in par, due TO this
dsbu sement of quarts ry dividends and
interest money, but undoubtedly there were
also large amounts released from other
sources which had been tied up for safety
over the election.
The bond market was strong, active and
broad to 3 degree corresponding with that
for stocks. Total sales, par value $3.50, COO.