The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-07
IN The STOCK MARKET.
General Characteristics Of Strength and
Breadth Retained.
PROFESSIONALS WERE PROFIT TAKING
Mondays Strength in National steel
Gave Way to NEUTRALITY-SUSPICIOUS.
i've Buying In Trunk Lines.
Especial to The post)

New YorK, February SIS. Mum. Son
CO. say Of stocks: Stocks were strong and
active. sales being $3.50 shares. London
was higher and huyinR orders from the mar
ket were fully scea0 shares including 800
Ontario and Western but also good deal
OF Norfolk and Western common and taH
amount Of louisville and Nashville and
Atchson. One commission house bought ~
st Peui in one block A room trader bought
l5eJ Union Pacific. New York Central was
bought hr commission houses on tho increase
Of II per cent in the compapys gross earn
ings for January. philadelphia bought Penn
syivsnia Foreign houses we're buying bonds
The Standard OIL dividend Of s2A q share
caused buyine Of all stocks connected With
that interest the American Sugar com
panys refnerles ~ Boston philadelphia and
Jersey City are reported 10 Re closed tenn
norarilv and traders attacked the stccf on the
asaumption that the dividend viii he reduced.
Buying OF Southern Railway and Missour
Pacific was on increased earnings American
HOOP 1t s rumored. will snow a profit on
the wears business Of = per cent on the
common, Good investment demand for New
York Central. Pennsylvania and st Paul
Active demand for bonds from investment
houses Flower interests bought Steel stocks
and Third Avenue Standard Oil brokers
bought fractions Pennsylvania and Norfolk
and Western were strong on expectations OF
Increased earnings. Bond features included
Baltimore and Ohio As. Erie general Is. Wis
consin Central As. Kansas CITY. Plttshurk
Louis consols. Reading IS. and Union Pa
cifc Is Buy stocks and bonds now.
New York February 6.-The stock market
retained its general characteristics today OF
strength and breadth large outside inter
est was manifested and the professional op-
orators who bought at the lower level were
busy in bidding UP the prices of their hold
inEs and in feeding the new demand to take
their profits but while selling stocks from
the one hand TO realize on the rise thew
were taking on new holdings of different
stocks with the other. Apparently there YVES
confidence that stocks which have not vet
shared IN the advance could be induced to
move uo unlmpaired and the holdings Of the
large financial interests taking hold of the
market wers broadened and extended The
duration OF this kind Of upward movement
does not ALWAYS depend strictly upon the
continuance of the public demand for stocks
There is a constant process OF unloading hy
competent and wen organized financial iu-
urests in the hands Of scattered and I'M
skilled sneculators, who have not the same
experience and adroitness in protecting their
holdings nor the same resources for maintain
ing them The progress of A bull movement
almost inevitably results IN the transfer OF
holdings from strong TO weak bands and
leaves the market vulnerable to attack bv
pear GENERATORS, who are able to force selling
hv offering down prices ana uncovering mar
sius Even today at most huvers we're seen
In National Steel gave way to realizing TO-
DAY and the m tai group Of stocks was with
out any conspicuous leadership Tennessee
Coal was forced down ga points An attack
was centered on Sugar and had that stock
down at one time to 1881 Rumors that the
tehneries were to shut down and overproduc-
tion to he worked OFF at loss figured in the
But In the meantime aggressive buying
movement deveoped in the trunk lines led
hy Pennsylvania Coalers Reading first pre-
ferred on the decision TO paw 5!Xidsnd
aud in the changers and Westerns led by
st. Paul and Atchison both common and
preferred. The baltimore and Ohio also. after
Il pause Of day to digest proft-takng, re
newsd the advance. The progress toward ex-
tension OF holdings by the great railway sys-
TENS OF lesser aud connecting systems had
much n do with the strength OF Pennsvl-
yRnia and other lines supposed TO be in prn.
cess OF absorption The coming advance IN
the tidewster freight rates on hituminous
coal WAS also An element In the outside
market there WAS an advance of over
uoints in the nrice of Standard oil on the
declaration OF dividend NJ 20 per cent for
the quarterly period Last wears dividends
were s Il } and 10 per cent. respectively for
tho four quarters. The closing Of the mar.
ket was active and strong at about the top.
The bond market showed increased activity
and general strength. Total sales. par value
So .e25.oGn