The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-03-07
IN The STOCK MARKET.
Conditions We're Mixed and The MOyemen
Mas Much Confused.
SPECTATORS APPEAR 70 BE WAITING
Earnest Efforts Made to Weaken
suu.r-rhird Avenue WAS strong.
Railroads Yielded unwiilingly.
lsnecInl 10 rhe Posts

New York. March 6S. Mum. Son
Co say of stocks: Railroad stocks "e''
generally steady. but industrials easier. roo'
EARNINGS back M railroad stocks. but fear'
of Investigations are nightmare for tho IN
! dnstrlals Sugar dropped owing to the cut
ting down OF the dividend ana the closins "
soma Of the refnerios MS well as eoou uS oof
of short selling. London bought ABOUT loi ~,
! shares of international stocks cnlehN OhioI
| peci6, Ontario and Western. Atchison ant
! Southern Pacific. The PENNSYLVANIA annua
report was sustaining factor IN Una, atvon
| Banking interests were buvinS Diru ANeL sa,
I.stock and there is an idea tnat i'tcViu,,
| COTS hint to the grand jury that the a.
legged vreclting of that corporation SHOULD pe
| investigated NAV be acted upon. Room OF,
orators attacked Peoples Gas, 70 suppul
was found for international Paper Pressed
steel Car or Continental Tobacco ana tneY
drcpued easily. The paper tariil may De re.
dured and the fact also that Leading western
| newspapers are attacking th9 paper trus'
were bear points on that stock Money mere
wac 2km3. closing at 2, and was nrm ln
| London though easier in Germany stetllhE
| exchange was 4c lower. partly OWING 70 !, I
| liberal supply OF cotton and grain bills STOCK
sales we're $4,000 shares. Bonds were ssn-
| orally unchanged and steady marked De
| cline took place in standard Rope ana 1wIne
incomes. but th'y afterward recovered. :, nj
was good class Of buying in BROOKLYN Rapio
Transit as we'll as Th'-1 Avenue. we sun
advocate purchases on the declines
New York, March 6--Conditons were mixed
and the movement of prices was very much
confused on the stock exchange today. senu-
mont is correspond!ngly conflicting among the
various contngents The situation may be
best described as one Of waiting on the part
Of spectators for higher prices. THOSE nav
ing faith in the decline took advantage of the
hesitation of the bulls and lack of outside
interest in stocks to make various attacks NJ
vulnerable spots in the market the results
on the whole was favorable to the bears Iney
were very diligent in seeking out stocks wh'cn
were unprotected by supporting orders anu
in offering them down below the price love!
where strong orders were known 10 De Plaeeu
in the stocks for the purpose OF saving LOSSES
on any sudden decline. The sudden ran IN
prices in stocks thus selected and the sudden
rallies gave the key to the character or the
strength. The early tendency TO advance
IN the railway list was checked by the ma
neuvers of the bears and the notable ad-
vances were about wiped out. The railroad
list yielded unwillingly but only to a slight
degree in spite OF the light demand and a
fair sprinkling of gains was retained at the
close. Very earnest efforts were made to
weaken Sugar, but the utmost that could be
achieved was point decline, offerings OF
the stock being comparatively light. Thlrd
Avenue was strong rising an extreme 81 and
lmparting sympathetic strength to the other
local traction stocks The most notable eX-
amples Of the bear tactics were furnished
by International Paper stocks the common
falling rs and rallyng pa, and the preferred
falling ~ and rallying A, Pressed Steel Car,
which dropped 6Is and rallied; American Hoop,
which fell 3ia and rallied IA Standard Rope
and its bond issues which were ralded down
from 2ls to points, were allies extending
from nearly points and Peoples Gas, which
fell 4 points and rallied ?. Practically all the
iron and steel stocks were down from / to
? p-lnts and many recovered good portion |
of the loss, and there were other less strik- |
ing examples all through the list of specialtes |
In the railroad list st. Paul, Burlington and |
Baltimore and Ohio showed an extreme de- |
cline Of l point or over. but net conditions in |
the railways We're small throughout 1t is |
evident that the firm disposition OF the finan- |
cal bill by congress Is awaited by the bull |
contingent who are generally confident that |
the provisions for additional bank crcula-
Ton will be enacted into law and will re-
suit IN notable expansion of the currency |
The large buying of government bonds by
National banks over the country and the
expert estimates which are current OF the
proht on circulation by the new provisions
are the grounds of this conflict Meantime
Inc money market is working constantly
closer and the f1rmer outlook is ignored In
me fear that the available supply OF money
would not bridge the interval until the ex-
1ected relief came.
The bond market was dull and irregular
Total sales par value $l,SS5OOO.