The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-17
STOCK PRICES STRONG.
Bears We're Unable 10 Make Roadway and
Gave Up Trying 10.
WESTERN RAILROADS WERE THE LEADERS
steel stoc,xs Recovered ON Covering
by shorts--Uesvy Gold ENp"r's
Had Little Eject.
isneclal to The Post.l

c NM
~" YORK May i'.-s' "uin' ''
say, Stocks rallied, especially raliroan
stocks encouraged hy stronger London ad-
-. :, h,,,n, on
wees and pretty goon cl"sS oi pu' us
don bought about $4,000 shares, chiefly Atchl-
son preferred Northern Pacific. aud South
ar. paoie. red, ,t,ackod the whole in
Urn racine llaueis ''''N"'u 'A
dustrial list more particularly the prferrea
stocks. Leather insiders appeared TO be
satiine
Feoples Gas broke on funors thdt tue coni
pany in sending out checks for the dividend
will inolosa a circular stating that in tho
-. - -, - ,,hon,.
future ulWuends VIII De reuuceu' Ah'uou'
M. Brady ono Of the directors of the com
many avs m. y,,r,or ia absurd
Co. -, .1. -,
'ue"r sno"eu more s'rens'n iuan many
London was strong and the tone Of the
continental bourses was excellent British
consols rose u. while discounts dropped s.
making a in two Gays Consolidated Gas
was helped by reports that the war IS prac,
an he puso -, lidc WE s fha
debelttro issue rho stock 6 more plqnti-
fgl than NEST other railroad shares, as is
ssit,oMn clearly ehouHh IN me io.al ihaIk'C
meeting Of Inc Amalgamated Association Of
Iron Workers higher wages may he demanded
Ia general shut down. city hanks have
gained sz.l62, 700 in cash from tho govern
ment since Friday night Northern Pacific
was strong In Authorization oy an increased
dividend aud good buying. rise IN Atchison
preferred helped the othsr CHANGERS
The Federal steel company VIII not smut
down any mills OF furnaces. according TO
Mr., Gary.
Berlin was buylur American stocks in Lon
don and both London and the continent were
buying here on direct orders wholly aslae
from the arbitraEe business.
lotal stock sales l6l 800 shares.
Gold exports by the French steamer tomor-
row S.. 10000 This caused bear attacks
nj one time Good buying Of Chicago, Bur
llnsion and Quincy by Philadelphia and RIOS,
ton Commission houses bought railroad
stocks, especially the dividend paying gran
ger preferred stocks
Buy good railroad stocks on all rec"ss,ons
New York NAV 1s -stoclSs nj railroad con,
ron,o. - %, -.,,,,,,....,,t,,.. ~ ..-t.,.,.,,
H'''1 ',''u ~ pe'...'
srehR'h III me s't'N mark 'oeay. "ha'-
ever unfavcrabra factors developed during
tb, delivery ,yero ,,,o.ed mr. tbc,r t,eronc,
r,sist.a ,a 49, ',,I
i'''s''" ""' ine ,'s"l''pE "e'lines over
come. The bear element was so far i'm
pressed with the show ~ strcrptb Tint tbav
ret,rol - a,i
I'm 'ue '7'" o-l"'e tue uaY was
Over anu dld not repeat yesterday e fnaneuVer
Of raid on the Industrial quarter ,.btct
on that occasion unset the ,n,,rket IN ~
last nftctu minutes OF trading Tbs ,n,t.l,,t
showed Itself much less spnsiti,e H. fn,
some time past to any ieprsssine nfaWenVc
and the close was distinctly firm al about the
best level of the dav earlier lc.scs ,r ina,
trial stocks having been almost oni,r-r,
overcome The SUCKS OF " rslrrn railroads
were easily the leaders in tho p,ovament and
the buying was attributed 70 Vpstero sr
count as for several days 5ast This Wes,"rn
buying is believed in Wall ,trcot 70 b 80 80
orng an outstanding short io,arcst nro,rfo5
by the good cron weather ana the faVorah,,.
condition in the winter wheat hell T5s iesd
ershin OF the movement Vas shifted (ro,,,
Burlington to Atchisop pref-rred With
scored a clean pet gain Of > ,oints Tho ,,
preach of the dividend meeting and tho d.
culation of rumors thnt the sfocL wand ~,
placed on i per cent basis wer% ,is"I Win
effect Burlington continued ssi,,ely
strong and scored an advance Of iS, i'm snite
OF denias OF the recent rumors tba, ~,
funding plan was about to he annonnced
Northern Pacific gained as much ami tbn
strength of these gtocfs s1fo',s5 ,t, - ~.
Pacincs and ultimately the trnuk lines wbich
covering bv shorts and the ofdciaI de g Un