The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-25
i'm THE STOCK MARKET.
There We're indications for Some Large
Operations Early.
LONDON BOUGHT FREELY OF AMERICAN
A vigorous Attack on Baltimore md
Ohio and UendinR Preferred Broke
the Entire List Sharply.
especial to The Post)

New York. April 24.--s Mum, Son Co.
say of stocks;
Stocks were strong early, but as rule
broke later. Total sales GOO, 900 shares. and
of bonds 50. 3O0o 600. Sterling exchange further
advanced y. making nearly l cent within
week aud 3H cents since March 81. There
was good buying of the Pacifcs by New
York and London Americans In London were
4 to q per cent higher and the continent
was buying the Pacihcs there London bears
were evening up In anticipation Of this week
settlement and the feeling was especially
bulish ON Atchison, Reading and Louisville
and Nashville. The steel stocks advanced
early and there was a good demand for steel
and Wire on rumor that Mr. Gates would
be displaced but later, liquidation was re-
newed in the common. Long Island has ad-
yanced sharply within forty Eight hours on
revival of the rumors that the Vanderblts
have been buying for control, though the
reports were denied by the presidents Of
both roads. Another bull point on the stock
was the approval yesterday by Mayor Van
Wyck of the bill permitting the New YORK
Connecting Railroad company to build an
elevated structure and a bridge over the
East river. from point in the Bronx Dor
ough to Bushwick Junction, IN Queens. Tho
buying of Steel and Wire by Seligman inter
ests gave. color 10 the rumor that President
Gates is to be displaced. The weakness Of
the coal stocks, falling off. In the commis-
sion business and n belief ~hat considerable
gold will be exported shortly depressed the
whole market in the latter business. The
State railroad commissioners arc reported 70
have decided in favor of the building OF the
Scranton ANA Kingston railroad, the line OF
the independent coal operators. This caused
liquidation OF coal stocks and a noteworthy
break in Reading. The Standard Oil people
were supposed to be buying wire. London
was believed to have bought $4,000 shares of
al 1p.hn n 10 .rtl
10 own 10000 to 100000 shares OF Missouri
Pacific, as compared with 100000 shares owned
by the Goulds. No gold is likely TO go out
this week and II London continues to buy
stocks freely sterling exchange may be kept
below the gold shipping point. Sugars SHARP
advance was attributed TO fight which has
been going on for two weeks between two
pools.
Kew York Anrll A-There were indica-
lions OF some large operations on the stock
exchange today and the market seemed to
be under manipulation for the purpose OF
facilitating them. Yesterdays late show of
strength found response 10 the London
market this morning, and prices of Ameri-
cans we're well before the opening here
London bought quite freely IN this market
after trading commenced But it quickly be-
came manifest that yesterdays rally In prices
mad been largely due TO the demand from the
snort interest. After the opening sriirt buv-
.us quickly teU on and prices tell back while
me market became very DUH. The pool IN
MIssourl racine when was . prominent fac
sor N yesterday rany, came 10 d stop again
ana mat stock fell back. The room trsuars
turned to the bear side and worked for a
ItaCtloh Inc vigorous attack on Baltimore
and Ohio and Reading first ureferrpd coussd
declines Of 3b@3ls respectively and hroke
TIE whole list quite sharply. Hut al the de-
Clne very large buying developed again for
uotn accounts all offerings being quickly ah-
soroed, apparently with no desire 10 advance
prices. very characteristic movement in
sugar Indicated the periodical punishment Ia
the shorts IN the stock. After a preliminary
aLIDe' W9teh carried the pTce to 1913 tho
STOCK sldoenly shot up in the last hOur TO
ilgi4' The scramble Of the shorts TO cover
helped on the rise and enormous blocks
changed hands. Peoples Gas at the same
more or less affected Fevershness IN Sugar
onu one or two relapses elsewhere gave a
slshuE irregular tone, but the closing was
seneIaIiy hrm and at small net changes IN
lhuustrlals continued large, but the prire
movements were unsensatonal and the
changes small. The short interest continued
ba, eoNen IN 'he group on large scale. The
Years maze much OF the prospects OF gold
exports, although the sterling exchange rate
amer an early advance, became somewhat I'M
selSdy Some Of the recent demands for
exchange are reported 10 have heen for ia
Vestment, and bills bought for this demand
would come on the market at or near the
solU export point But the general oninion
Is that gold will shortly go out. as discount
rates continue to harden in London and
money rates to decline in New York. Al
READY money rates are higher In London than
IN June last, when 500 0O0,000 in gold ,aent
out in payment of the Spanish war claims
Nolwlthstanding the prevailing ease of money
rates rates mere the surplus reserves of New York
pahks are lower than usual at This neriod
OF the year and the use of money Il, tbe
United states active in the Interior The
present supply to the market from the sub
Ieasury on account OF the payments Of hond
p,eMlums can not continue indefinitely
should It he interrupted while exports are
making lnroads on the surplus Of the banks
the erect on money rates would necessarily
be promptly shown u!
Inc bond market generally was rather
weak Total sales par value s2,s9oOOO.
1he following are the clnnin-.- 49, = . -