The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-09-08
IN THE STOCK MARKET.
Stocks We're Narrow, but Showed Evidence
Of Larger Operations. \
FEARS OF A STRIKE WERE DEPRESSING
London Sold on uneasiness OF An
err London Money Rate.

New York September 7.-Today's stock
market was exclusively in professional hands.
Although it WAS but narrow affair II
SHOWED evidence of some operations of
rather larger scope than have been seen
during the summer. rejecting in all prob
ability the resumption of activity by some
OF the influential traders who have been
away for the summer Efforts by bull
clique were in evidence. but they met with
only moderate success, Their methods seem
to be to pass from one stock to another on
successive days, seeking some appearance OF
continuity in the movement by manipulating
stocks IN which the interests are allied or
which are materially Affected by some de-
yelopment OF conditions Today MISSOURI
Pacife was the favorite at an extra advance
from the low point OF IA with dealings on
quite large scale. The attempt was mads
TO make this seem a logical sequence OF
yesterdays movement in the southern Rail
way stock and ST. Louis and Southwestern
preferred was brought in on talk OF close
relations with Missouri Pacific and benefit
iiom the prevailing prize Of cotton Mean, Mean
peake and Ohio and Southern Pacific and
other stocks which had been under manipu-
lauon earlier IN the week, were held back
by profit taking. The fears of a strike OF
anthracite miners was depressing factor
and Reading Iirst preferred Delaware ana
Hudson and New Jersey Central were off |
n the coalers was not large, however. Lon
don was a seller in this market owing TO
uneasness on account OF the anthracite sit
uaton and to hrmer money rates in Lon.
don The holiday in London also induced
some closing out of accounts. In the list of
specialtes. Peoples Gas and Brooklyn Tran.
SIT were the most conspicuous figures, and
owing TO the fact that the Identical interests
N the two properties are. large. the con-
trary movement IN the stock was strange, In
he late dealings this opposing movement
was rather palpaby due TO manipulation OF
Brooklyn Transit being forced up in an un-
availing effort TO check the decline in peo-
below the high level and pa below yester-
day at the close. Brooklyn Transit gained
points net, the demand from the short in.
terest playing a part in its strength Mu-
nicipal political developments were also
factor in the movement. Sugar moved mar
rowly on a small volume OF dealings. M nus
the dividend which was declared early in
the week. and closed with small net gain.
The steel stocks were rather quiet and ir-
regular. Tennessee Coal rallied sharply from
Yesterdays depression. The money move
ment for the week is interesting as showing
an excess of shipments over receipts. The
sharp decline in New York exchange at Chi
cago from 30 cents discount yesterday to 80
cents discount today, explains the source OF
the demand though money has gone out
quite freely to the South also during the
week Continued liquidation OF Kansas City
Southern bonds was the feature OF the boud
market Trading otherwise was small. To-
tai sales. par value, SSS5,0 600.