The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-15
IN The STOCK MARKET.
Early Dealings Showed a Continuance Of
tuesdays Strength.
THE PROFESSIONAL BUYERS GREW TIRED
And Sold to ReaIize-shorts Covered
Before the Ciose--Tra ction stocks
and Industrial Leaders.
THE PROFESSIONAL BUYERS GREW TlREI
lsnecial to The Post.l

New York, February li.-Munn, son q o.
say OF stocks:
stocks were strong for time, then weaken
ed on realizing London advanced, but d'u
very little here. Total sales OF stocks 42toVo
shares; bonds s2.1Tl no. Chicago and otnef
western cities did good deal Of the selling
but much of the trading was professional.
Foreign houses bought Union Pacihe anu
southern Pacific. vandcrbilts interest bought
New York Central. Pennsylvania showed
quite a little strength on rumors said to be
III founded of an extra dividend. stop or,
ders depressed the fractions. bull pool
held up Missouri Pacific. Excellent buying oil
the Pacific stocks was feature. Federai
Steel weakened in the afternoon OH some
disappointment as to the outlook early IN
the day Standard Oil people bought fractions.
Leather and Gas and Boston took the grans,
ers especially Chicago. Burlington ana
Quincy Tennessee Coal and Iron closed
higher, partly owing to rumors that the PIE.
ferred stock will he returned ana h'vlnenu
paid on the common OF per cent Ihlra
Avenue fell sharply owing 10 reducuon oi
/. per cent in the dividend, which was reduced
to per cent today Keen brokers' at one
time were good buyers Of the list, especially
Baltimore and Ohio. Railroad bonds wavered
title. hut any easing Of prices should he
welcomed and We advocate purchases GOOD
buying was noticed of Kansas City; Pittsburs
and Gulf nrsts, Wabash deeentures'
Baltimore ana ONO anu lolo'duV hluiuhh
sues Toledo ST Louis and Kansas CITY
frsts and Mexican Central incomes Buy
stocks and bonds stocks on the recessions
and bonds any time
New York, February 14.-The stock market
today showed continuance of yesterday
strength in the early dealings, but the buying
demand came almost together from special
sources for the purpose of inviting outside
demand In fact, selling orders to some ex-
ten: came 10 the market from commission
bot ses which were attributed to Western
houses, but without explanation. The profess
SIGNAL buyers grew tired and sold to realize
when the futile efforts to attract outside bid
ding orders were perceived. Several points
of positive weakness were developed by the
scar ching efforts Of the bears and stop loss
orders were uncovered by offering prices down.
Tho result was a general reaetionary ten
dency which wiped out practically all further
gain and established some sharp losses is
special stocks. The shorts covered before the
ciose, causing sharp rallies at the weak spots
amt a general stiiIening OF the whole mar
ket, as a result of which the closing was
firm and net changes in the majority of stocks
small. Local traction stocks and the indus
trials were the leaders in the opening ad-
vance. Sugar. Tobacco, Western Union, Peo-
pie 5 Gas and some of the iron and steel
stocks were all reported gains of l TO 2l2, and
Tennessee coal was up 3i2 on rumors of a
plan TO retire the preferred stock and begin
dividends on the common stock. Continued
/ heavy buying was IN evidence in Pennsyl-
yaria, Baltimore and Ohio, st. Paul, Mis-
souri, Pacific and other stocks, those named
rising point. Buying OF some of these was
attributed TO speculative pools. The frs,
point of weakness to develop was Third Ave
nue. on the announcement OF dividend OF
only 1 per cent, compared with IA for the
last quarter OF 1893 and 1s4 per cent for three
. nj 4 ~ Nsanr In FrF.l= fat1 I'D
caused sympathetic weakness in the local
! traction stocks. Metropolitan, West Side pre-
ferred of Chicago jumped ~ points on the
declaration of its first dividend. The demand
for stocks was listless for the rest of the
day and the bears made successive attacks on
different stocks Rubber common and pre-
ferred lost 4lz@4A points, respectively. Con-
/ tinental Tobacco was raided down points on
rumors OF bond issue and American To-
hacco lost its earlier gain in sympathy. Sugar
fell pa from the top. Federal Steel 15s and
Baltimore and Ohio 1ss. The reaction was
apparently due to profit taking. Money on
call continued offering in abundant supply
| so that spectators were not made uneasy by
1 the evidences of absorption of cash by tho
subtreasury and . continued demand from the
Interior The further rise In London discount
I rate caused firm tone to Sterling exchange.
but no quotable changes in price.
! The bond market was moderately active
and higher Total sales tpar value) 81, 7O5, 900.