The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-09-28
A GENERAL IMPROVEMENT
Stock Market Operations Yesterday
Were Purely Professional.
PRESSURE OF LIQUIDATION HEIGHTENED
An AVERAGE Advance OF Near Poin,
Was Shown--Promlse Of Favorable
Bank Statement Lent Strength.

New York. September % Professional
operators IN stocks had the market pretty
much to themselves today. but they found
various matters OF announcement. The
discouragcment OF the bears with all the
bad news In sight disposed Of, was core
spoudinEly great ana their buying to
cover their shorts was an important In
hucnce Tho uncertain fluctuations OF the
copper stocks Ia the early dealings kept
the market unsettled, but the pressure Of
liquidation In them, as well as elsewhere
In the market, was materially nghtcned,
and they shared In the late general i'm.
provcmcnt Of the market sharp rally In
price OF spot copper In London had an
important bearing, not only ON tho status
OF these stocks In the speculative market,
but ON the copper trade outlook II was
reported that the Amaleamated Copper
company was supporting the spot copper
Interest. whatever the cause Of the rally.
yesterdays contention that copper could
be improved at profit was disposed OF.
and the fear that the Amalgamated com
pany would have to cut tho price of its
product was less acute. The stock sold
ex dividend, and more than recovered It,
but closed with net gain Of only ia.
The recent notable buying OF the Van
derbilts was resumed. TIE conviction grow.
Ing that nm early plan Of merger would
be announced New York Central rose 3N
and the junior Vanderbilt group from 10
~. In the liberal speculative mood Della
ware aud Hudson Buffalo Rochester aud
Pittshurg and probably some Of the more
obscure railway stocks that moved during
the day were embraced In the plan by the
faith OF operators very large number Of
~ n On wUt ST
active at advances all the way from ] TO
~ Among those In this category were
the Minneapolis, st. Paul aud Sault ste
Marie stocks the Duluth, South Shore and
Atlantic stocks the heokuk and Des
Molnes, DcS Moines and Fort Dodge the
Iowa Central stocks and others.
The coalerS and trunk lines responded
carly TO the Influence OF the Nnnderhilts
and the leading speclaltleS, including the
various steel stocks and the local trac-
tons. showed evidence 81 strength; hut 1t
was not until late In the day that the
recent leaders Of the market among the
sronsers, paeIhcs aud SSSSathIwesi5ernss
prices on the day shows an average ad.
vance Of nearly point The promise Of
iaNorahle bauk statement helped the late
strength Of the market.
The movement Of currency to the In.
terlor is nearly SSOO,OpO less than last
week while the receipts by the bnnks are
has contributed 10 the money market
~ 203 600, Notwithstanding deposits with
that Institution for transfer to the IN
terror If over 81 100000. The gain on this
account Is due to the fact that the gov
eminent has paid out for redemption OF
bonds at New York this week no less than
81 800 ISL The net result to the banks on
all accounts Indicates gain In cash Of
considerably more than 81 600 OtO. Bank.
ers generally expect large loan contrnc
tion as result Of the weeks liquidation
~ stocks, promising notable recuDera-
ton Of the surplus reserves.
There was good demand for railroad
hon H. sts14f oh tUlV .
tai sales par value 50, 255, 600.
Stocks.
Following are the sales OF stocks and
closing prices for the New York stock mar
kct: