The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-18
THE DEMAND STACKS UP.
As a Result The Recent Strength In Stocks
Mas Lacking.
OUTSIDE PUBLIC REMAINS INDIFFERENT
c,uis-iop uouse Business IL Small.
ST. Paul Made splendid
A break in Industrinis'
tsoeclsl to The post)

say OF the STOCK uhrRet'
Railroad stocks strong, industrlals WeaA'
MONEY again declines abroad sterling eN-
change decidedly lower Total sales oil STOCKS
$500 shares of bonds Si,sIS'oO'
Tn. strength Of London pretty good ouy-
ing by London and the belief that no gold
will go to that market this week had brae-
ing effect here Moreover, the Bank OF En-
gland statement today was a very strong
one and foreign exchange was easier
St Pauls unexpected large earnings
strengthened that stock. For the second
week of May this year the road earned 1913
736: last year $685. lS2; 1885 S63I9Sli 1897 So2l-
Ssl; 1896 S506,453; 1895 s4oi,b1s; 1894 Si9rsli'
1898 S599.924.
CHICAGO bought Peoples Gas. Northern Pa
cifc was in good demand for foreign ana
local account and there was good buying oil
Pennsylvania and the Vanderbills.
Anaconda advanced on the settlement OF the
Quincy copper mine strike.
Sugar declined partly on the announcement
of d cut In prices BY the Mollenhauer ana
National refineres though it is stated that
these rehneries have closed and that the
cut was made by a Arm which is selling trust
sugar at present.
Metropolitan advanced on the ratification Of
the Third Avenue lease and an official state
ment Of economies tn expenditure ana tue
generally hopeful outlook for the company
u her fractions responded and some large m
tercsis were buying Brooklyn Rapid Transit
There is more disposition to take hold OF the
coal stocks. Sugar interests were said To
be buying Sugar stock. Fear OF competition
OF the international Tobacco hurt both
American and Continental Tobacco stocks
Some investment demand for dividend paying
railroad stocks. London bought 10000 shares,
including ST. Paul, Baltimore and ono,
Northern Pacific, Atchison and Southern Rail-
way.
Continue to buy grangers, Pacifcs and
southerns on declines
New York, May 1.-THE demand for rail
road stocks which has given strength to the
market for a number OF days past has been
satisfied and prices fell back today in that
department Of the stock list They were ac-
copied in Wall street as confirmation OF the
view that the demand came from an out
standing short interest in the West and was
not based on any underlying condition in tho
companies whose stocks were affected or in
business at large The market showed itself
as Indifferent today to one or two favorable
factors which developed as il was yesterday
TO any depressing influences The outside
public remains profoundly Indifferent to the
stock market ana commission house business
mas fallen To practically nothing,
ST. Psuls statement of earnings for the
second week IN May shows small increase
over last year d distinctly favorable fac
tor, as it was calculated to Offset the appre-
decrease for the first time since midsummer
OF 1855 Last weeks decrease was looked
upon In Wall street as a sort Of turning point
in the railroad situation and n declining scale
Of earnings was expected especially as the
week reports Of the movement of grain and
the westhound merchandise has been dis
couraging. Todays report, showing the larg-
est earnings for St. PAU OF any correspond
ing week in its history, was relief but
the resulting strength in the stock was not
maintained
Rumors of the same kind as those witch
served the purpose Of the bulls yesterday
continued to circulate, such as that Union
Faclhr or Pennsylvania was to secure con-
troll Of Burlington or Atchson preferred was
to receive its full dividend or new million
aires interests were to be represented in
Missouri Pacific, but all OF these stories were
heard with languid interest and prices con-
tinued 10 droop.
In the industrial list the losses in prices
/ were not such a passive matter. American
| Tobacco was under pressure all on account
| OF the cireumstantial assertions Of tho or.
IsaniAdtion Of formidable competition The
stock lost oye- points, closing at the low
est Sugar suffered from reports that the
trade was TO assume a more acute stage
Peoples Gas continued under pressure by
the professional element against the traders
An advance IN the price Of copper was re-
sponsible for the sharp rise in Anaconda and
had some sentimental effect on the stocks OF
other metal companies
! Tho probability of furthes gold exports from
here is thus diminished The local money
marIet continues very easy and it is evident
( that the gold exports have been offset by
gains from other sources
/ The bond market was decidedly dull United
States bonds unchanged in bid price