The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-06
I'm The STOCK MARKET.
An Irregular but Active Market Prevailed
All Day.
IN WAS A TIME FOR TOPPLES TO COME
Even Honors Between RuiIs an"
Bears--Tbc Bond Market was
Active and steady.
IN WAS A TIME FOR TOPPLES TO Com

New York April 5.--The stock market con-
,,n,,ed us active and extreme irregular char
actor today. There was some selling at the
outset and profit taking was on large scale
during the early hours Of the day. but inc
aggressive strength of some indlviduai stoehs'
notably Pennsylvania and Baltimore and OHIO
served to sustain prices in face oil rea'iSihs
until the latter part OF the day Ine market
then developed unmistakablo symptoms oil p'-
Ing overbought and the pressure to sell IN
order TO realize urofits became urgent The
reaction in Pennsylvania and in the Baltimore
and Ohio stocks left prices without sus-
tanning prop and they crumhleu rapidly. Inc
pacitics the grangers aud some Of the South
ern RAILWAYS were most strongly affected. but
the whole list fell easily anu EFFORTS to sup
port the market were apparently withdrawn
for the time being. The selling movement
was allowed to spend itself before support
WIS forthcoming There was q rally In the
last fifteen minutes but it retrieved only a
small Dart OF the decline The operations IN
PENNSYLVANIA were on a similar scale to those
OF YESTERDAY and carried the price almost a
point over last year'- highest level The
verv large selling orders which were de-
tected in the stock aroused uneasiness IN
sulte of the upward movement IN the price.
Baltimore and Ohio was rushed up also to
SIG and proved unable TO hold the advance
which was unacoompanied by any news OF
further DEVELOPMENT to account tor the
strength. The topheayiness Of Pennsylvania
and Baltimore ana Ohio decided the reaction
arv Naracter OF the market on the announce
ment of no dividend on the Baltimore and
Ohio common stock. Wall street was tull OF
rumors Of further combinations already af-
fected by the COMPANY in the trunk line ter
rtorv. a rumor of the combination Of the
coalers was persistent aud raised the prices
Of those stocks for a time. but they yielded
sharply on dcnials of rumors Various minor
roads in New York Central territory were
affected in the same way. There was very
general wipng out Of gains OF this char
actor in the late reaction. The Hooking VAL
ley stock showed notable strength on reports
Of large earnings. tho common crossing "a and
retaining net gain of 1S4 The general
news and conditions continued favorable to
values, money working easier and good as
surances being afforded Of a favorable bank
statement. Earnings especially Of soft coal
loaGs. were notably large London was sell
or Of stocks here. with an effect on senti-
mcnt out OF all proportions to the volume of
transactions. The sensitiyene5s Of the mar
ket to this influence and the continued firm
ness of sterling while London buys stocks.
leads to considerable questioning as to
whether foreign operations are not conducted
under cover aud through other channels than
those under observation. Dealings in bonds
continue on very largo scale and at an
advancing price. Total sales. par value. S.
$40 OCT.