The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-05-15
RAIDS IN SPEClALTlES.
Sugar, Metal, Peoples Gas and Brooklyn
Transit All Attacked.
OFFERS TO LlQUlDATE WERE LACKING
hears Somewhat Disappointed and
as q Rule Prices Firmed Up.
Activity In Bonds.
ftRS TO llQulDATr WERE LACKING
Especial to The postl

New York NAV t4-S. Mum. Son A. Co.
say; Stocks irregular, opening strong. but
breaking later on. Yet closing prices show
good many advances total sales 505.0
shares: bonds 81, 900 900. closing steadier. Lon
don was a moderate buyer of its specialties.
The fractions declined on long selling. The
reopening of the Joliet mills fell nearly fiat
There was pretty good buyng Of the coal
ers. especially Reading and Northwestern
Missouri Pacific advanced early on dividend
prospects and covering
Sugar declined on liquidation and the fling
OF complaint in the ohancery court of New
Jersey bv a stockhoIder challenging its right
to engage IN the coffee and spice business
and. as he says. to dissipate its large sur
plus in the fight with sugar competitors.
Metropolitan declined sharply on the belief
that there will be an issue of new stock
Traction stocks rallied on covering of shorts
and buying OF a distinctly better character.
Sugar rallied and from the nature of the
buying the market appeared to have been
SOLD on the break. Baltimore and Ohio com
mon was heavy with little recovery and soug
stock appeared to come out. Missouri Pa
cihc showed noteworthy strength. Rather
good buying on the granger stocks. espe-
cially Chicago, Burlington and quincy, all
though no confirmation Of the rumored bond
refundinr scheme was forthcoming. One
house threw over 10000 shares of Sugar but
u
Jersey suit was regarded as quite bear
poiut on Sugar Traders who usually meet
at the Wadorf-Astoria attempted to raid
stocks especially Peoples Gas and some
others. but they covered shorts in Southern
Pacific Consolidated Gas and Atchison pre-
ferret,
on any good breaks we believe in buying.
New York. Nav 1.-THE price movement
Ia the stock market was extremely Irregular
and uncertain all day, The last prices Of
the majority of the stocks were higher than
at Saturdays close, but the best prices Of
Tho day were nowhere maintained and there
were inroads made in some of the ndustrals
and specialties The professional traders
were inclined to take a bearish view and
came down 10 the street prepared to sell the
. hole hst. They were not Geterred by the
evidences of strength in the LONDON market
which were duo to the progress Of General
kooefts campaign and to the easier money
conditions.
While selling the general list traders made
neree raids uDon the spccl5lties, Sugar
Metals. PEOPLES Gas aud Brooklyn Transit
were all subject to attack and yielded from
to overs points. Tho hears found how
ever, that the heavy offerings to liquidate
Wlich were feature OF last week market
were not forthcoming and they also found
themselves in a numerous company anxious
10 secure stocks to cover short contracts
~ u'uuiHg against tNCu OtUCI THIS COM
many effected a material rally in prices. They.
then noured in some disbursement and con
fusion, Some rather positive evidences OF
strength at different points added to their
difficulties
There was large buying Of Burlington all
doy al an extreme advance Of over . points
on renewed rumors that . plan had been
perfected to refund tho consos bonds Of 1903
he movement helped the whole granger
group The efforts to bid IN Missouri Pa
citlc were resumed with some success and
the Pacifcs generally showed good recoy-.
cries
The borrowing demand in the stock loan
department of the stock exchange indicated
that the short interest had become some
what unwiedly and the market oversold. The
demand to cover from that element is the
cause for the most mart for the days show
Of strength. Federal Steel ard Wire lost
points and Tennessee Coal about Pr other
members Of the croup showed smaller de-
clines The general list gave way under the
trluence OF the break and the closing was
active and weak with the gains largely re-
duced
There was considerable activity in the
bond market but the tone was irregular,
Total sales mar value $3.50 900.