The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-11-09
IN THE STOCK MARKET.
there Was Some unsetling Of Former
Buoyan Quotations.
WAS MANIPULATION IN spfcIAlIIfS
with "a Few Exceptions the Railroad
List Was Distinctly Heavy
Throughout the Day.

New York November S.--The stock market
showed the effect OF some unsettlement OF
yesterday buoyant quotations I specu-
lators ana the growth oil an apprehension
,aat The rise in prices AT the pace set yes
tcrday n ght lind an early elimination. The
more conservative element made their IN
| nuence felt from the opening and at one
| line during the day brought the advance
| fairly to a standBtil The llrmness OF the
undertone OF the market at that time was
| very striking and 1t was shown quite con-
| clusiyeiy that the large holders of stock were
| not particularly nervous over seeing the
| Use in prices checked Even those VINO are
willing and anxious to sell out on upward
| de showed a determination to hold at any
lower level.
| very buoyant tendency then developed III
the Industrial and specially departments of
| .he list The localized character OF this
| strength with the absence of any special
news to account for it, gave ground for the
| suppositlcu that powerful manipulation was
aiding 1t. The success Whlcn accompanied
| .Ae manipulation invited renewed specuia,
| uon IN that quarter by outsiders, and at
ne sane time served as powerful support,
proht-tbking Went on on a very heavy scale.
! Except Tor sudden advances IN some OF
the usually inactive railroad STOCKS, the ran
road list was distinctly heavy throughout the
cav Pennsylvania was marked up at one
ume to i40 nut it held there only momen-
tariIy The price renamed ABOVE last night
level but was unable to get back to the top
rhe Paoifcs and Southwesterns, as well as
tne stocks of railroads affiliated with Penn
sylvauia which were so conspicuous in yes
| terday's uTward movement, all sunered from
rsalizine In Missouri Pacific the net de-
cline a, the lowest was point. ana IN
Northern Pacific the extreme decline was l1s.
On tha other hand, the mefcuria speclaites.
which are always favoritos with the specu-
lators rose buoyantly on enormous uealln So.
one o, TWO OF them had been below last nlsnt
carly IN the day notably Sugar, winch broke
1is at the opening The late upward move
nent carried Sugar, People Gas, Mannat-
: IAN Brooklyn Transit, metropolitan StFee'
hallway, Pacific Mail and American lopaoco
from 81 to nearly points.
Yesterdays enormous buying OF Northern
Pacific was explained by today declaration
Of the extra dividend of ! per cent on the
common stock The omission OF this dividend
IN August, when the regular semi-annua
| uiyideuG OF l per cent was declared, was con-
- | sdered a very ominOus sign OF the prospec
" Of curtailed earnings for railways To-Day
J. action is accepted as shoTng restored con
fidence in the maintenance OF the earnlni
; power OF the railways but 1t dld not saw
The stock from a sharp reaction on proht
=, taking The steel stocks we're irregular
/; while other members of the group wef
Il strong Money continued in abundant supp.
), and sterling exchange rose further with IN
demand for payments for the enormous SAFE
OF stocks for London account
The BOND market continued active an
firm Total sales, par value, A,Os5,OOo