The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-06-01
A BUOYANCY IN STOCKS.
-
Activity Yesterday Was Marked and
Lent a Kind Of Boom Appearance.
THURSDAYS ADVANCE IN LONDON FELL
Market Had an Increase Start and
Showed Many Gains, Ranging Be-
tween One and Two Points.

Sew York. May 3i.-lrhe stock market
developed quite buoyant tone today and
the activity was sull further increased
giving the market good deal Of the az
pcaunce that II inferred during the boom
period The strength became yery gfhcFM
Outing the progress Of the day, tut the 81,
feet was In part sympathetic aud h"Ned
from the conspicuous strength OF prom
neni stocks rhe current conjecture IN the
street pointed to the conclusion that the
movement was due to operations 6y the
Hartman Rockefeller Gould clement and
to those OF the Pennsylvania railroad ~
retaliation.
The advances scored III London markets
during the holiday WAS commenced mere
today, and gave tho market an Increase
start at the opening and showed many
gains, ranging between and points
After the preliminary reaction during the
selling to take prohts 10y the buyers OF
Wednesday Atchlson moved very aggr's
siycy upward ON absorption of lO0oshaif
lots. During the day there were sne't0
sive Development Of similar movements IN
other stocks, notably Pennsylvania, unioA
Pacific, Southern Pacific, Missouri aud the
southern railroad stocks The buying of
Atchsun came from many sources, ap
parently IN an effort to Disguise ts origin,
but the prevalent opinions was tnat d
large pant of II was for PbllAdelhWa ac'
Vania railroad
count and in the interest Of the pennsyl-
large speculative pool was also HclNr
1 in the sioCk ana helped along the erect
Of manipulation Buying of southern rail
road was attributed to the sumo source
and confident predictions were heard thai
announcements would soon be- nudc Of
! Pennsylvania control I'm the company.
The advance Ia Atchison reached 5N IN
the preferred stock. PENNSYLVANIA ~ aud
| southern railway 3N as result OF tuls
buying The movement IN Union Pacific,
! Missouri Pacific, southern Pacific and
/ Suuthwcstcrns generally was almost equal
lY Impressive. linton Racine rising nn cN
ira AZ Kansas and Texas preferred rs
Southern Pacific 3@ and Missouri pachg
The street wns fun OF wen.dcaned ru
mors that settlement had been agreed
upon between the contcndlnE interests IN
Northern Pacific which Win result in even
thnn Mt present The decided strength OF
the United states steel stocks also had q
considerable influence There was q tails
OF an carly dividend ON the common
stock. II advanced 2T and the preferred
~. AmnlgamBtcd Copper rose nearly
points, tn spite Of the reported tormutot
Of an opposition corporation
The combination uf the opposition wai
said 10 he preliminary TO its absorption by
the AmHlgamatcd company. The stock
reacted later and closed With q net gnlr
of less Thru 2 points Preliminary cSti
mRtrs OF the bank statement Indicate thai
the nAuw VI cash from The interior mon,
than offsets the losses rs the banks to tn,
suhtreasury The market closed active
and strong, at raliy from % late reaction
and with many stocks al The ton.
Bonds shared IN tine strength ~ iii,
stock market on considerable dealings
! Total sales, par value, A2l5,o0o.