The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-06-06
THE STRENGTH OF STOCKS.
II Was Quite Marked at One Time
During Yesterday,
BUT DIMINISHED DECIDEDLY LATER
Probably Due to the Completion OF
Realizing Profits on Heavy
Lines OF Stocks.
BUT DIMINISHED DECIDEDLY LATE

New York. June 5.-The strength Of the
stock market. which was quite marked at
one time during the day, diminished de.
cdedly after while. When the check
was first decisively established there was
noticeable falling away In the volume Of
dealings, but there was a resumption OF
activity before the close, this time on tho
selling side, and the close was decidedly
weak with some wide breaches effected
in prices.
The progressive decline in the strength
Of the market is probably due 20 the com.
metlon Of realizing profits on various
heavy lines of stocks This profit taking
was clearly In evidence all day, every
demonstration Of special strength in in
diyldual stocks being taken advantage of
to prosecute the selling elsewhere
The stocks, which have shown the great
est strength. were, naturally, most affected
by the realizing, II was current report
that much of the buying today and for
some time past represented covering Of n
very heavy line Of short contracts by an
Interest which took the bear side Of the
market last week, In the incipicnt stage Of
the rise. arguing that technical considera.
tIons called for reaction at that time.
The sustained advance since Is said TO
have driven this interest to cover with a
large loss The closing out of this bear
Sc.uuht removed an important sustaining
innnehce from the market and contribute
70 the vulnerable condition Whicl Invite /
ranks
The sharp advances scored ia number
OF inSigulncant low-priced stocks during
tue earlier part OF the daN pointed s,lcarl :
10 MAnipulauon In the interest o. tie
reaHHlhP process, hut there were also many
notable points OF streng deyelope Ia the
market IN high grade stocks The most
isnSn{ I"haI upward movement was f. Rock
s is bod rue , LATE squirt IN that stock to
LctihE me list, after II touched the low
points OF tho day, 10 tina time. hut a,
S"Yr as II was perceived that the Rock
ISianl Increment was without eject tho
selling WAS renewed with relouElcd force.
The admission OF new Interests to tho
directory VI the Rock Island was pretty
cleArlA toreSha loved huI extra stock Is IL
W1E an entire surprise t. the II tdc
me movement H. Atthlson was more
sgs ln9l and on larger dealings. Rgmors
the admission 10 the directory of a mem.
h'r Of the banking rW which represents
me or.hcrn lines of Ppcifc railways was
made toward community ~ lntcu~st th-i
territory MS a result of the adjustment Of
the Northern Pacl quarrel Ate. ison s
cNtreme rise WIS A.. The story % Mis-
solri PacGc's control Of Southern PariGc
and rumnr Of the exchange OF Missouri
Ilcthc stock for tho Denver and Rio
Nr1nd' stock WIS an influence IN that
relnsylvanla was affected Nv the pnh.
listed opinion Of an executive officer Into
r't4Rrh'd from Enrope Of good prosl' c IS
changes In the Erie were taken us fors.
Swallowing improvements in opern Ion The
strength Of Illinois Central was based on
comparison of its low price with otho,
IN lWnY stocks I'm tha san, on tcrOr- 4 val