The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-07
IN THE STOCK MARKET.
Industrials We're Strong and Railroads
We're Very Heavy.
GOOD REASONS FOR RAILWAY SAGCINGS
bears Put in busy Day and We're
Enectivc--Noney Was Easy md
Bonds sold We'll.

New York, April 6.-speculation IN the
industrials and railroad stocks showed a
distinct dividing line today. Both de-
partments were extremely irregular, but.
generally speaking, the industrials were
strong and the railroads were very heavy.
The sagglns tendency Of the railroads
seemed TO be due for the most part to SELL
ing TO take profits. The volume of the
buying demand was very much diminished
and the realizing was conducted there
after under that much disadvantage. The
selling was not in great volume. but when
81 did attain 20 any proportions, the down
ward course OF prices was quite fast.
There were some points of strength In the
railroad list but the few advances were
not well maintained and were not effective
In sustaining the rest Of the market
Pennsylvgnia was lifted at one tine over
a point and other stocks TO show strength
were Baltimore and Ohio preferred, Mis-
souri, Pacific, Burlington. Canada South
ern and after an early period of weakness.
southern Pacific. The last named stock
sold on sharply in the morning on rumors
OF dlssensions among the directors which
were circulated by bears aud subsequently
denied This was about the only railroad
stock to reflect any positive aggression,
the bears showing a very cautious disposi-
ton, bur the other Pacific stocks were
sold more heavily than the average 10
take profits London was free seller
with considerable influence on sentiment
aud the news of trouble IN British West
Africa and the new mishap 10 the British
troops In the Free State prompted some
selling at first hands by the local traders.
The industrial and specinlties made a
notable showing of strength, each appar-
entity under the influence OF some ndl-
vidual case. Sugar was hid up against the
shorts with the suggestions that recent
operations might have resulted In trans
fer of control. Peoples Gas moved up on
persistent reports of the absorption of thu
Ogden Gas company. The rubber stocks
were strong on the dividend declarations
and the earning statements. Leather and
| Tobacco moved mp under manipulatloua.
The New York specialties moved upward
under demand from the short interest.
The advance in each was irregular and not
fully maintained. Preliminary estima es
for the weeks exchanges indicate favor
able statements tomorrow. The sub treas
ury offerings alone have yielded 1871, 600
to the market The currency movement
with the interior by express has been
considerably smaller both ways than last
week. A further loan expansion is ex-
pected on account of stock market activity,
but 1t will probably be partly Offset by the
further liquidation OF loans for holding
government bonds which nave continued 10
) come on the market Sterling exchange
rose sharply today under the influence OF
London selling OF stocks, frmer money in
London and easier money here The rate
is now within measurable distance OF the
gold export point and II the same condi-
lions continue far any length of time, gold
will likely go out in the immediate flu
ture. There was some activity in bonds
and prices yielded at some points. Some
issues were well taken at advancing prices
Total sales, par value, S2,7S3o0o.