The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-19
IN THE STOCK MARKET.
Uncertainties Of The Speculative Situation
Had a Bad Effect.
WAS MUCH ANTAGONIST ON CHANGt
rho Money Market worked Ens'e'
-, ,,e subtreasuries' Disburse-
ments Had Eject In ch''"H''
especial to The Post9

New York. April lS--S. Mum, son -
saw NJ stocks: Irregular ana less
ste.t ana v,re shares again depressed ran
rooa stocks were inclined to be urn y,
y,mnathv with London and there Is no soou
reason why they should not be. BUNS ~
encouraged by higher London auotatloA
ma big ST. Paul earnings. Lon nlnaeo va" and
GOOD buyer principally OF tne ia, ~ Mar
Soi anS western on expectations that tn'
stock will be put on W 80 pnrihc
standard OIL people bought Missou nll,,soiila-
LIN ~ ~ so,,thwesteTn roads. steel ana ron
stoeks and the industriais generh"S saia
weak on renewed bear attacks, ~ direc-
that an informal conlefeneu Mich MIR. Gates
yas not prtsent Changes IN the lha""1
nitnt ana policy of the eonpsGss reesnt
cussod. 1, is said tnat NJ, ,eiiov direc
nntion was not approved BY ms leloMe -.
,o,s Steel stocks. IN spite oil more lI1o,
lie trade reports. showed ,ltuU ,,,iss.on
partlv owing to the TACT that Si,,ims or
hrusss ,yers reluctant TO accept ouNlhe ~
h' ,,iSss veil projected. METROPOLITAN cor
| tluued weak and 1t Is repoI Ls ~ be fol
oN2mple of tbs pennsylvania "u~'a shore
4 loved in selling the new issues 10 ,nnailv
I Ian Tondon repor;cd SOM eXcepNonalS
iarge selling of American stocks toI -, -
nnai There was good buying in Mis s.,,,a
Pacific and the pooi IN ia, sps Stoc,ts Let in.
dratrials alone for the present Stogn load S'd
5hGOD0 shares. bonds hSteVVl, beI Eve
honds were noticeahly strong ana we ar,,t,
in buying them and are re"'' !"
orders promptly,
New York April 1s-The uncertainties ..
tho speculative situation we're 30 great 'ou''
that operators in stocks maintalueo N
,atipg mood and refrained from active op'ir
lions. Professional traders tound II olh'' u''
Ia induce any following either Tor an auN"N''
ft,I nf
OF decline. The street was tull Oh uia'N ~
sion regarding conditions IN the IRON "'"s
upon which the movement of stocks seenleu
ia hinge. There we're plenty OF authoiltl'S
who were willing to be quoted IN oppo9itlto,n
to the gloomy view expressed py w Nha ~,
; man ~ the American Steel ana WIRE COM
many regarding the outlook in the fade' M
OF concession in prices OF some llhes III ~
. sieol trade, however, seemed to sustain n.'
. views or were perhaps the result oil tue eN'
- pressions OF those views ,o,t,.
2 inc conflict Of opinion brought no DEFINITE
Z, conclusion either way, the whole ,I.
. system remaining unsettled. Prices III tl'
General list started upward encouraged D!
Ih,Eher prices from London and under lul
pulse of antagonism 20 the bear cdlhPdle'
: which is alleged to be at the bottom OF tn
selling Of the iron and steel SOCKS. I+pecu
II lstors however lost confidence in their o"i
!, views as TO the insincerlty OF the uhiaNo!apt
opinions expressed OF the IRON TRACE ou'lo ~.
when they say iron and steel STOCKS al
again manifesting acute depression Amer
can Steel and Wire sold point below lag
5, night II did not get back above last nlght
price in the subsequent and closed so Oh
The net loss of the preferred was polnIS
The other iron and steel stocks were not 5
l. weak There seemed a sort OF speculatlV
duel waeing in Steel and Wire and Federf
steel the latter stock crossing the torme
and closing nearly a point higher ana at
i, net loss Of only r. With the renewed weas
L. ness Of steel and Wire was perceived u
II opening advances In the general list began
be conceded. In one or two OF the ram od
=. stocks advances had reached over pom
W hui they were very generally wiped out. III
>. market was extremely irregular for the re
cy of the day The New York fractions al
a. some of the other specaties showed aeH
a. weakness There was a period OIL strehg
St later in Sugar, General Electric and son
OF he railroad stocks, but these maneuVe
failed 10 attract any following or 10 dlspu
the uncertainty. The closing was heavy al
~ sluggish The money market continued
,or work easier, call loans dropping to "a p
al cent in the late dealing. The sub-reasu
IL is djsbursing large sums to the market al
on New York exchange at Chicago rose 20
N per cent discount today compared with
90 per cent discount on Monday, indicating
nd relation of interior demand for currency
Is; perhaps cessation OF the selling Of stoc
I'M for Chicago account Sterling exchange co
nc tinues 10 harden and large loans are made
sterling collateral. This means that Lond
is taking advantage OF lower interest RAJ
here to borrow money in this market.
A. The bond market was rather quiet ana
N, regular Total sales, par value, 81, $4,000.