The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-19
STOCKS CLOSED STRONG
Openine Was Weak, But Later on mere
Was q Burst Of BuCyancy.
THE EARLY LOSSES WERE ALL RETRIEVED
,o,ex Easy in London and sterling
Exchange Lower-shortS were
Forced TO Cover.
lsneoIal to The rostl

New York, May 1s.-s. Mum, Son 4 Co.
say.
stocks generally advanced. Money was
easy in London ana sterling exchange again
declined. two undoubtedly favorable features.
Total stock sales $4,000 shares. or bonds
the sales we're 100000. Covering of shorts
put up stocks,
Tobacco stocks were depressed early by
further news in regard to the expected OPP
position from the International Tobacco COM
pany London was lower Q spite OF pros
poets for continued easy money there and
London sold various stocks here on mod
crate scale. though 1t also bought at one
time on rumors of favorable war develop
ments in South Africa.
Sugar early in the day was weak on the
cuts in sugar prices and on absence Of sup
port.
There was good demand for Northern
Pacific common on expectation of dividend
The pool in Missouri Pacific continued 10
support the stock
The growing belief in certain quarters that
Consolidated Gas has secured practical con-
troll of the gas situation in Manhattan i'm
parted a strong tone to that stock Insiders
bought the Steel and Iron stocks and Metro
politan. Chicago sold Peoples Gas. sugar
moved up on what seemed Ike definite ru-
mors OF an agreement embracing b. II. How
ellis, Doscher and the Mollenhauer interests.
Consolidated Gas was strong, and the re-
ported settlement of the gas war, together
with the strength Of Sugar, moved the gem
eral market.
< bull pool in Norfolk common was re.
ported and the buying OF the other coal
stocks was good. Tennessee Coal ana IRON
was frmcr on reports OF increasing demand
for steel for export. Good buying Of North
Pacific urpfprTp0 tho expectation oil
larger dividends. after payment had been
made on the common stock, London sold
Louisville and Nashville, Northern PaciHc
and Atchison common and preferred ana
bought some Southern Railway preferred
Bond features included Reading 4s, Unon
Pacific Is. Wabash Debenturs and Lehgh
and Wilkesbarre Is.
On reactions continue to buy railroad
stocks, especially grangers, Pac.fcs and
Southerns. Also why not buy some bonds
at these prces9
New York, May 1S.--The stock market con
tended successfully against the marked de,
preston of the carly dealings and showed
increasing strength the day advanced.
Early losses were all retrieved and the close
was fairly buoyant with a burst Of buying
orders in volume and urgency exceeding
that for a long time past Very notable net
cams are shown by a number Of big spec
cialties and indusrias. while the railroads
generally are from a fraction to over points
higher.
Early depression had its inception in Lon
don. where stocks were sold down sharply
Correspond ng losses were shown at the opgh-
ing here and the bears were in an aggressive
mood with this announcement and prepared
to continue their operations against weak
points n the industrial list Sugar ana 10
bacco were both sold down sharply. but
they met support of a character which has
hoo To- gaypral DAYS mast Al