The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-26
IN THE STOCK MARKET.
uear Was Feverish with Occasional Violent
fluctuations.
A SETTLEMENT OF THE TRADE WAR
Ana Absorption of Rival Rcfineries
Were the Infuences-Tbere We're
Movements in Special stocks.
ts,sc,s, to The post.)

New York. April 25-s. Mum, Sons
Co saw of stocks; Stocks advanced, though
half million gold was ordered for export
stock sales 5ss, 700 shares; bonds Sl,'os'VVV.
Tho bull pool in Sugar stock was aggressive
and shorts covered freely, but at the same
time there was heavy selling on Indications
that tho trade war is to be waged as Hereby
as ever. A conference of sugar people was
held at Havemeyer's Office yesterday, at
which representatives Of the Mellenhauer and
tndependent Boston companies were present,
Mr.. Arbucllo aud Mr. Doscher were not pres
Isut The next sugar dividend was onereu
al IL. London was frmer for American
stocks and both bought aud sold here on
moderate scale. Chicago sold Peoples Gas,
but shorts covered. There was good buying
of St Paul on its statement OF earnings,
which, for the third week OF April. show
gain OF over II per cent, The rest OF the
graugers were hrm. wabash earnings for
the third week of April increased over 10 per
cent over the same time last year and Rio
Grande and Eastern increased over 80 per
was revealed by big borrowing demand
The rise Of 81 In Sugar helped the entire
list. London bought a little more than II
sold Mr. Lawson Of Boston says: stories
that the Sugar interest amounts TO a million
shares and that am short over 100000 are
untrue" lie says he Is not short over 1000
shares The Wormser bull pool engineered
the advance. Two-thirds of the members OF
the exchange were at ono time around the
Sugar post
40 cuts we're made in prices OF wire or cut
nails today and there was some buying OF
Steel stocks on this fact
New York April 25.-The stock market was
in large part confined to Sugar today. the
feverjsh and violent fluctuations in which
kept affairs so unsettled that the operators
hesitsled TO make ventures and the volume
of the dealings fell to small proportion. There
was no actual new development to account
fo- Sugars erratlc course Tor the board room
was flooded with runors all day Of settle
ment OF the trade war absorptiops OF rival
rehneres and so forth. Ii was pretty evident
that these were set aHoat by the manipula-
tors for rise, which was directed against
the short interest reputed 10 be largely con
centratod in Boston, The stock sold as low
AS JOS and in the AFFAIR IT got up to l15h II
closed a. net gain Of pa The general mar
ket sold off after the opening IN sympathy
with the break in sugar, which etfectualiy
dominated the tone Of the market Monday
When sugar rebounded the room traders all
turned to the bun side and kept prices upon
small volume OF dealings. There were
movements in special stocks designed to help
on an advance, notably in Missouri Pacific
fennsylyania, Wabash preferred and the
grsngers, but il was noticeable that the buy
ing demand showed a marked falling off
on any advance Buying orders came in on
the early decline, but later IN the day the
market continued dull. The apathy of the
demand caused realizing by the room traders
and a late reaction, which wiped out many
Of the gains. The closing was easy ana the
net results for the day were much mixed The
introduction IN congress OF resolution for
committee to Investigate the steel and wire
episode and the New York stock exchange
may have had some influence on the late
reaction The announcement of O small Ell
easement of gold for export to Europe had
very little influence The gold, when
amounted to S50o00o, lie believed to be des-
tined for Paris Sterling exchange was dis
tinctly easier, the ratio for demand bills fall
ing Is. This leaves the question Of further
gold exports more doubtful again. The lack
of fast steamers this week Is offered by some
bankers as reason for refrsining from shin
ping gold during that period Discount in
in New York also showed further relsxa-
ton. loans for so TO 30 DAYS being quoted at
8 per cent and TO months at 5l4 per
cent on mixed collateral The gain nv the
banks from the sub-treasury since last Friday
already amounts to over 81, 900 GOO But the
suo tre5surys debit balance at the clearing
mouse fell today below a million dollars for
me hrst time in several weeks except when
some special operation interviewed The dis
DurFements on account of government bond
premiums from tho ub-treasury are. in fart.
declining and this source Of replenlshment
10 tho money market IS likely TO be closed
soon. sharp fall in New York exchange
nj Chicago was also an incident OF the dav.
Inc bond market was rather tuiet and IT.
regular.