The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-08-29
IN THE STOCK MARKET.
Bulls Turned on Bears on Account Of Ac-
Cumulated Short Interest.
DEMAND FOR SPOTS CHECKED DECLINE
The Price Dropped Again lin the
Final Dealings, Making the Close
Heavy and Lethargic.

| New York, August 2s.--s. Mum, Son & CO.
say Stocks were generally steady sales f+e'-
Os3 shares Sterling u lower.
| London sold $500 shares. mainly Louisville
and Nashville st. Paul and Union Pacific
Some long Baltimore and Ohio came out.
Atchison was bought on its July statement.
which showed a net increase in earnings oil
s342, 359
Reports from st. Petersburg that the allies
| In China had met with disaster receVeu
no credence. II is said that suit VIII prom
ably be brought by Brooklyn Rapid Transit
| stockholders against the syndicate within
bought up the stock OF the constituent com
panies and sold it to the Transit company
at an advance OF over 5000 600. Coalers were
scld on reports Of a probable big strike IN tne
anthracite region st, Paul was sold on eN-
pectations that the st. Paul statement LOT
July will show a considerable decrease in net
earnings. Investment buying Of Pennsyl-
vania was noticeable. An advance of 10 points
! In refined sugar is expected Buy good rail-
road stocks on reactions.
New York August 2s.-The accumulation
OF a short interest during the steady decline
which had continued for rather more than
week, offered an opportunity today for a turn
by the bulls against the bear interest The
demand from shorts proved sufficient to check
the declining tendency which was in evidence
in the early dealings and to bring prices back
TO about last nights level There the re-
ooyery stopped and prices dropped again in
the final dealings, making the close heavy
and ethargtc. The market continued exceed
lngly narrow and the volume of dealings fell
below yesterdays 100000 share level Bulls
found material for their brief turn in the
railroad earnings reported for the day, III
| a reversal OF the disCouraging tenor of yes
terdays rumors regarding the sugar trade
and In the declaration of a semi annual divl-
! dend of per cent on preferred stock of &.
H.. and l.. The bulls made the most OF the
Incident and put the preferred stock up
AZ points and the COMMON IA. There was
continued pressure against sugar in the open
ling dealings, but the stock rallied ia on a
correction in the European sugar cables
show ing a rise instead of decline In the
price OF raw sugars. This was taken to show
that American rehners were again in the
Indicate that the seat of active business for
refining would extend to the usual period this
lyeEr. Rumors were circulated that in con-
sequence the dividend of sugar would be
Increased, for the demand for sugar Certih-
Gates vas satisfied with the covering of the
short interest and the stock closed with a
gam Of only sc. The statement for July
for the Atchison system was also made the
most of by the bulls. Net earnings increased
more than one-third over those for last year
notwithstanding slight increase in operat-
ing expenses. compared with a decrease in
operating expenses for several months past.
The anthracite coalers showed some heavlness
on fears of labor troubles
The money market continued to benefit by
the redemption of the United States extended
2s and by some receipts of gold from the
Poetic coast. There was no feature in the
tinued irregular. Total sales. par value
s6i5 900.