The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-11-15
IN THE STOCK MARKET.
The Striking Feature Was the Decreased
Volume Of Trade.
BULL POOLS CHECKED THE DECLINE
The Most Effective Movements of the
pay Were in PENNSYLVANIA and
Northern Pacific.

New York November 1.-THE striking fact
about today's stock market was the de-
creased volume of trading. Yesterdays re-
action was checked and quite an imposing
show of strength was made afterward, but
there was no renewal of the nordinate buy
ing demand which carried prices upward with
rush all through last week. The market III
fact dropped back into factor OF ordinary
Importance, business continuing ON large
scale compared with the normal, but the
moy emont OF prices obviously depending on
artificial stinulants.
Yesterdays sharp decline induced some SELL
ing orders from outside sources this MORN
ing, bit the powerful support by the pun
pools, who are still operating for an adj
vance checked the decline and secured con-
troll oil the market almost Immediately. There
was some small buying for London account,
but 1t was not potent factor IN the mar
ket. IL IL probable also that there was some
buying from speculative interests Wnlcn nave
been watching for reduction ever since
the election.
The buying fell off as prices rose above yes
terday's level. The most effective movements
OF the day we're in Pennsylvania and III
Northern Pacific There were vague rumors
aioat of further deals by the Pennsylvania
company Of the same character as the series
of requirements of stock in other companies
earlier in the year. The accompanying
strength of Baltimore and ohio, Norfolk
and Western and some OF the coalers were
intended to give color 10 these rumors, nut
no authoritative statement was forthcoming
and the stock OF Pennsylvania was highly
manipulated all DAY
The buying OF Northern Pacific both com
mon and preferred seemed OF more SUD
stantlai character The statement OF the
condition OF the company, issued by the
trustees in dssolving the voting trust and
the desirability of additional holdings for CEN
tralized control following the dissolution or
the trust, offered plausible motives for tue
buying
The movement in the local traction Stocks
and in General Electric grew out OF the state
ments in the annual report OF the Man
haitian Elevated Company as TO the progress
beng made toward electrical equipment and
the friendly cooperation OF the Metropolitan
tended all the way from 3-S in pennsylvania
TO ~ IN General Electric These STOCKS
about measured the dimensions OF the up
ward movement, gains elsewhere being Tor
the most part In sympathy. Consequently
when heavy realizing developed in Northern
Pacific ana Pennsylvania winch practically
wiped out their earlier gains, ana IN Man
haitian the whole market turned weak again
and fell back to an average level about as
low az that OF the morning There was a
final rally, but 1t was lacking IN snap ana
was not well maintained. The market closed
Irregular. Pacific Mail and ole or two ii
the steel stocks were actively reactionary
Call money got up to per cent AGAIN and
the time money market continued nrm and
rather active Apprehenslons OF a money
squeeze are an influence in the more cautious
attitude of the speculation, put the tact mat
been satisfied TOR the time beng is the pre-
ponderant fact of the speculation
Bonds Were illeguiar ID sympathy WITH
stocks. Total sales, par value, S2,91O,OOO.