The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-11
I'm THE STOCK MARKET.
Decided Further Falling Oft 10 Activity Of
Trade.
PRICES FELL GENERALLY IN The LlST
The Closing Vas Decidedly Unset
tied and at a Lower Level
of Prices.

Nep York. January io.-There was a de-
.ided further falling OF Of activity "a tue
trading 10 stocks today zad prices fell back
very generally throughout the l.st. There
veFe aoortlYe Efforts 10 continue tae ad-
vance both Al the opening and at different
times during the dsy. but The marks, DID
not at aay time snow decided strength. Tne
nos. that the bulls we're abe to accomplish
vas 10 clsck The raaeiionarY tendency TIE
pressure 10 seA was much relaxed dur.ng
the latte. part OF tae day aad he demand
10 ever from the shorts lified tie level "
Friess considerably above the lowest. The
spart in Louisville Just al toe close helped
he market somewhat. although there was no
general response. Tae closing was in fact
cecidsdiy unsstiled aad Irregular and a, !
SUBSTANTIALLY lower level Of pnees.
TIE aTst movement Of the bulls vas N tbs
soutATeslerns ami some Of the speclsiies
including Texas and Pac.ho. Union Pac.hc
spaiaeFa Pae!nc, Delaware ald Hudson,
Peoples Gas ana The Western Union. The
las, named sock MAS tue Only one OF the
group whlch showed sustained strength Nth
an extreme advance OF NEARLY po.alE. Mis-
sour. racine ives marked 10 ~ one time
% g. but fell back below - 10 the sazrpesl
lfa lian o. tle Gay Stlll later taEre was
4 movement . The iob4cco Socks when
W 9 poin,s, Ieaasssee Coal ~ sni Genera
r4etsr.c siz Bui inc general disposition TO
rsalz PROFITS and the rather aggressive
MOOD 81 the bears frustrated al the attempts
" advance the msrkei.
The rather violent break In 81. Paul OF ~
pants AZ t1e open.ng l4d a decidedly dis
iur6-ng effect "a speculative sentiment and
some = The other socks ga.cn have beea
TIE sl5jt-- o. the most persistent stories
. o. Inclusion in YsgE new consultations were
also quite acutaly affected. The repeated
d.s ia.meIs By he naanc.ers concerned Of
many stories wh-cl have been circulated re-
gaiulng these combinations have been ioial-
y d.sfegsrded heretofore BY the speculative
element. 6ui something Ike convlct4Gn was
O0Ine IN upon them today aud vale he
nt-ef was unaffected that something very
important had been going on IN s.. Pau
and other railway quarters the speeuiatoi $
1Noke 70 the rea.zalion that the elaborate
details published from time 10 time were
nAEed On very himgy evidence and that they
dd nat Know mu-h ABOUT the actual trans.
ActtQAs. Inc sNtTtJle decline IN St Pau
was "a and 81 reached from I 10 8 points
I N practically every important stock on the
!.st ne ET-es, the Reaa,nEs the g~angers
pennsylvania and the Pac.fcs were most
snectee Rubber preferred h;oke ~ poins
rgeFssd Steel ar So and the preferred 4
The bears we're tmd, however. about press,
ing ,he-r sovantags. This element - 80
eager 10 discount the expected reaction tina,
.nsy Kept the market well filed With saor,
accounts ard upon any cons derable reac-
Ton tney oeg.n 10 buy eagerly to cover
ne existence Of the persistent short in
teFesi IS a material factor ia the resisting
power OF the market. II played rs part Ia
ehe1i'ng the rally from the extreme low
point. AZ Ter the first drop IN prices and
the dislo6sing OF the weaker speeulatrve A :
count which added most to the usnidty OF
tha bears. the rally extended to az IA 81
1 f4ui; ~ IN Erie frs. preferred 2% in Della
ware ana Hudson, and between ! and
points in qul,e a number OF stocks. The
marked feature OF trading after the heavy
selling cessad was he dullness and the slug
glsh movement Of priees
Prices OF bonds moved lrregulsrly in syn,
s. 800 COO ~ Pa '1'-S'