The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-30
IN THE STOCK MARKET.
Stirring In Speculative interests Caused
Greater Animation.
SEVERAL STOCKS SHOWED GOOD GAINS
The Gains Mnde Were Held Well and
Profit Taking Made Only
Slight Iuroads.


New York, August eos Mum, Son a Co.
say: Stocks were dull but frmer; sales 49,
| 543 shares. Money 1Ad1h per cent shorts
| In the general list covered. Chicago selling
ceased, Steel stocks were in good demand on
the favorable wire statement OF earnings and
Expectation of important developments upon
the return Of Mr.. Gates on Saturday. Foreign
markets were better on more favorable news
4 from China and Africa The St Paul state
ment. showing net increase of s2l,oS2 for
July, had bracing effect on the whole
granger list Closer relations between the
Moore companies are expected. Lower wall
street bought Sugar, further rise in re-
fined prices is expected Fifty-seyen roads,
for the third week of August show average
increases in earnings of 0.N per cent The
return of big operators will be reflected in
greater activity. st. Paul annual statement
expected next week Coalers were sold on
talk of an impending strike. Buy good rail
/ road stocks on reactions. Also buy bonds at
around present prices.
New York, August 90. There was stirring
of speculative interest today which gave an
appearance of greater animation to the stock
market than 1t has shown for two weeks
past. The strength conferred in the steel
group for the greater part of the day but
! in the later dealings it extended throughout
| the list The list of active stocks was not
| long one, but such as we're dealt in showed
quiet uniform gains extending to near Il
| point or over that in many cases. The gains
were well held and profit taking made only
slight tnroads, the close being firm and quiet
/ at about the top. Although the number of
issues dealt in was not large. the trading
was not nearly so much concentrated in a few
stocks as for some time past. In the steel
group the gains ranged from / point to /
and "a, the latter figures in National Steel
ana Wire. There was no exception In the
group to the upward tendency which was
due to the reports of the growing demand
: for iron and iron products of pretty much all
grades. The progress OF negotiations for the
settlement OF wage schedules which are IN
progress was probably reflected also in me
movement. Generally speaking the demand
Tor stocks is partly ascrbable to the re-
quirements Of the short interest, which was
made uneasy by the check to the decline
effected yesterday. Their disquiet was in
/ creased by several incidents of the day. Prices
received an opening impetus to an advance
lfiom the better tone OF the London market
which was encouraged by the reported sue
cesses of General Roberts against the Beers
Actual buying for London account was on
small scale. The upward course OF Lon
don discount was checked, however and the
hope was entertained that with the concession
of the stock exchange settlement there, money
difficulties are obviatod for the Immediate
future. The statements of the railroad earn
/ ings for the day were good. including the
Wabash annual report showing a prosperous
year. and the St Paul report for July. The
! threat OF a strike OF the anthracite coal
miners did not seem to affect the market
ers, advanced ~. The conditions in the
money market remain unchanged Dealings
in bonds continue dull and the market IT.
regular. Total sales par value slO75,0oO